Funding
Tarabut Gateway raises $13 million in seed round
Bahrain-based Open Banking platform, Tarabut Gateway today announced that it has raised $13 million in a seed round led by Germany based Target Global and joined by Kingsway Capital, Entrée Capital, C...
UAE based start-up Sprout raised $ 200,000 funding
UAE start-up Sprout FZCO received funding from Bahrain-based FA holding firm for $ 200,000 to be used for retail expansion of products and services.
Saudi start-up, Hazen.ai raises funds to go global
Hazen.ai, a maker of intelligent traffic systems that use Artificial Intelligence (AI) technologies to improve road safety, has received a follow-on investment from Wa’ed, the entrepreneurship arm of ...
Nuwa Capital concludes first close of its $100million fund
Nuwa Capital, a venture capital firm, has announced the first close of its flagship fund Nuwa Ventures Fund I (“NVFI”), having raised three-quarters of its US$100 million target in less than a year si...
FlexxPay raises $3m in pre-series A round
FlexxPay, a leading Shari’a compliant employee benefit platform has raised USD 3 million in a pre-series A round. The round was joined by leading international and regional investors including JIMCO, ...
UAE based Play:Date raises $100,000 in investment
UAE based kids’ social networking app Play:Date, announced today that it received growth investment worth $ 100,000 from Boopin, one of UAE’s fastest growing full-fledged ‘local to g...
Creative Zone acquires stake in car service app MySyara
Creative Zone, Dubai’s largest and most trusted business setup advisory firm have recently announced becoming one of the investors in MySyara, a leading online automotive service provider, that delive...
Saudi Arabia based F&B startup, FOODICS raises $20 m
FOODICS, the F&B tech startup based in Saudi Arabia, has announced it has successfully raised US$20 million (SAR 75mil) in a Series B funding round led by Sanabil Investments, a firm wholly owned ...
Dubai start-up Zbooni raises $5million in ‘Series A’ funding
Zbooni, MENA’s leading digital enabler for SMEs, has announced it has raised $5million in ‘Series A’ funding. The investment, led by a London-based fund, will be used to expand the Zbooni team across ...