Funding
Arabic audiobook platform raises USD 6 million
Kitab Sawti, the world’s largest Arabic audiobook platform, has raised USD 6 million in Series A funding from prominent new and existing investors. The platform will deploy the funds to expand its con...
Robotics startup UiPath raises $568 million
The leading RPA company, UiPath is blazing a path to an “automation first” era, closing its Series D investment round raising $568 million at a post-money valuation of $7 Billion, led by Coatue and jo...
Intel to invest US$117 million in 14 new tech startups
Intel Capital, announced new investments totaling $117 million in 14 disruptive technology startups at the Intel Capital Global Summit. The companies will be joining Intel Capital’s portfolio are crea...
Badir-incubated Biotech startups raised $10 million
The Saudi biotech startups incubated by BADIR Biotechnology Incubator, under the Badir Program, set up by King Abdul Aziz City for Science and Technology (KACST), has successfully raised close to SR38...
Delivery Hero to acquire Zomato’s UAE food delivery business
Leading global online food ordering and delivery marketplaces, Delivery Hero Group entered into an agreement with Zomato to buy its food delivery business in UAE through Delivery Hero’s fully owned su...
Golden Scent receives second round of investments
Golden Scent, the leading Saudi e-commerce beauty platform, announced the closing of a new round of investments from its current funders within a record 12-month period. The company attributes this ne...
Faith Capital funds $8 m to JustClean
Faith Capital announced today the recent close of a $8 m Series A round of financing in JustClean, a Kuwaiti laundry technology startup, in order to expand ongoing GCC marketplace operations, in addit...
yallacompare raises $8 Million
yallacompare, announced that it has managed to raise $8 million from existing VC partners and one new significant investor in their latest funding round. Since launching the region’s first insur...
DIFC’s FinTech Hive join hands with Innovate Finance
Dubai International Financial Centre (DIFC) joined hands together with UK based Innovate Finance as Arif Amiri, Chief Executive Officer at DIFC Authority signed the MOU with Natalie Ceeney, CBE, Chair...