Funding
Derq secures strategic investments from e& capital and AT&T Ventures
Derq, the leading provider of real-time AI-powered intelligent transportation system (ITS) solutions, today announced strategic investments from e& capital and AT&T Ventures. The funding will ...
Authologic raises $8.2 million in Series A funding led by OpenOcean
Authologic, a global digital identity verification platform, streamlining KYC and AML processes with secure e-ID solutions to combat fraud and meet compliance, has announced an $8.2 million Series A f...
Yellow Card closes $33M Series C funding round led by Blockchain Capital
Yellow Card, the largest licensed Stablecoin on/off ramp on the African continent, announced the closing of its Series C financing. The US $33 million equity financing was led by Blockchain Capital, w...
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...