Funding

NCircle announces $530K pre-seed funding from DeepMinds

During GITEX Expand North Star 2024, Co-Founders Mohammed Abdulkareem, Mohanad Hendi and Ayman Al Yamani introduced NCircle, a platform dedicated to driving meaningful community, social and environmen...

Shorooq Partners backs Procure-Now, Pay-Later platform, Mala in KSA

Mala, a pioneering Saudi-based B2B platform, has successfully closed a $7 million (26.25 million Saudi Riyals) pre-seed funding round. The investment was led by VentureSouq, with pan regional investme...

Raya Foods secures $40 million from Helios Investment Partners

Raya Holding for Financial Investments has announced an investment of approximately $40 million in its portfolio company, Raya Foods, led by Helios Investment Partners, Africa’s largest investme...

Deeptech startup sallea raises $2.6M in pre-seed round

Deeptech startup sallea is announcing a $2.6M funding round to help manufacturers of cultivated foods accelerate the production of premium whole cuts like steaks and filets without the need for animal...

Abhi secures $15 Million in debt financing

Abhi, a leading fintech company driving financial inclusion for employees and SMEs throughout the MENAP region, has secured $15 million in debt financing led by Shorooq Partners and Amplify Growth Par...

In5 startup funding grows close to AED 8bln

Since its inception, funding raised by startups within TECOM Group entrepreneurship incubator in5 has crossed AED 7.8 billion, representing 163% growth over total funding raised as of 2023. This demon...

Octa raises $2.25mln to automate accounts receivable and empower SMEs

OCTA, a fintech startup focused on revolutionizing accounts receivable management for small and medium-sized enterprises (SMEs), announced the close of its $2.25 million USD pre-seed round. The round ...

Scoutr partner with AstroLabs to enter UAE market following Fundraise

Scoutr.ai, an innovative AI-driven recruitment automation platform, has entered the UAE market through a strategic partnership with AstroLabs following the successful raise of $500,000 in initial seed...

Web3 gaming startup PiP World secures $10million in seed funding

PiP World, a pioneering Web3 gaming and EdTech ecosystem, has secured $10 million in seed funding from Exinity, a leading global fintech firm to revolutionize financial education, transforming it into...