Funding
Hub71 startups raises $1 billion in venture capital
Hub71 today announces it has onboarded startups to its community that have raised US$1 billion (AED 3.7 billion) in venture capital collectively since its launch in 2019. The milestone was achieved in...
DIFC retains its top spot
Dubai International Financial Centre (DIFC) has announced that during the first nine months of 2022, the number of FinTech and innovation firms joining DIFC exceeded the total that established operati...
NEC Orchestrating Future Fund closes for US$140 million
NEC Corporation has completed the final close of the “NEC Orchestrating Future Fund”, an ecosystem-type corporate venture capital (CVC) fund established in December 2021 for US$140 million...
DisruptAD invests in Greek PropTech company Blueground
DisruptAD, ADQ’s venture platform, announced an investment in Blueground, a Greek PropTech company offering a turnkey housing solution for renters globally.
Qashio raises $10 million in the seed round
UAE-headquartered fintech Qashio has raised $10 million in a seed round, with participation from strategic international and regional investors to accelerate expansion into the Kingdom of Saudi Arabia...
Cloudflare’s Workers Launchpad grows to $2 billion
Cloudflare has announced the Workers Launchpad Funding Programme has grown to $ two billion for potential investment in startups building on Cloudflare Workers, an increase of 14 partners and $750 mil...
baraka raises $20 million Series A
baraka, the Middle East’s leading platform for commission-free investing has announced it has closed a $20 million Series A round, led by Valar Ventures. baraka marks the first regional investme...
Moroccan startup, WafR successfully raises new funding
WafR, an application that allows retail brands to broadcast smart promotions to grocers to increase their market share on the traditional channel, announced today that it has raised $120k from First C...
Swftbox closes a seed round worth $2 million
Swftbox has closed a seed round worth $2 million. MENA Technology Fund led the funding, joined by Polymath Ventures, AirAngels and Ithraa Investment Company alongside strategic investors from the Unit...