Funding
Derq finalizes $500,000 investment from Wadi Makkah Ventures
Derq has finalized a $500,000 investment from Wadi Makkah Ventures as part of a pre-Series A round that included several other leading global tech investors. The investment, made in December 2020, bri...
Saudi-based B2B marketplace, Sary raises $30.5 million
Sary, the Saudi-based B2B marketplace that connects small businesses with a network of wholesalers and manufacturing brands via mobile and web applications, has raised a $30.5 million Series B round l...
Retailo successfully raises $6.7 million in seed round
Only nine months into operations, Retailo has successfully closed a $6.7 million seed investment round, the largest seed capital raised by a Saudi startup. This brings the total investments raised by ...
Protect4less raises $1 million in pre-Series A
Protect4less, a UAE-based insuretech startup that provides users of smartphones and other electronic devices including laptops, PCs, tablets, accessories and home appliances coverage, has closed a $1m...
SmartCrowd signs a first of its kind deal leveraging Tezos blockchain platform
SmartCrowd has signed a first-of-its-kind deal for MENA, leveraging the open-source Tezos blockchain platform. SmartCrowd, will empower people to crowdfund investment in real estate using blockchain t...
Vectra AI raises $130 million of funding led by Blackstone Growth
Vectra AI has announced a $130 million round of funding led by funds managed by Blackstone Growth. The investment will help fuel Vectra’s continued growth through platform innovation and expansion int...
Microsoft launches an investment program to help bridge the “Disability Divide”
Microsoft today announced the launch of a five-year investment and skilling initiative designed to help bridge the “Disability Divide” – the persistent gap in societal inclusion around the world that ...
Online coffee marketplace COFE raises $10 m in Series-B
Online coffee marketplace COFE, which recently sold its one millionth cup of coffee and announced that it has raised $10 million in Series-B funding provided by a leading Kuwaiti investment house, Al ...
Tamara raises Series A funding of $110 million
Tamara, the leading Saudi Buy-Now-Pay-Later platform closed the largest Series A funding round in MENA of $110 million led by Checkout.com. The investment will help Tamara expedite its expansion acros...