Funding
EDB allocates AED 700 million financing package to support SMEs, large caps in five priority sectors
During the third day of the Global Manufacturing and Industrialisation Summit (GMIS) Week that takes place at Expo 2020’s Dubai Exhibition Centre, the Ministry of Industry and Advanced Technology (MoI...
Hayi successfully raises $325,000 in its latest funding round
The UAE’s neighbourhood app, Hayi, has successfully raised $325,000 in its latest funding round. The seed round was led by Sarya Holdings and Falak Startups, with the participation of key angel invest...
LNDDO to lend a helping for the region’s SMEs
LNDDO digital lending is delighted to announce that it is now able to offer significantly more funding for SMEs and allow businesses to access loans twice as fast than ever before.
Foodlink raises $8 million in its Series B funding round
Foodlink, the market leader of the luxury catering and banqueting space in India and UAE, has raised $8 million in its Series B funding round led by Arpit Khandelwal, Managing Partner, Plutus Wealth M...
HyperSpace raises $11million in equity and development seed funding
HyperSpace, a company building the world’s first blockchain-enabled and Extended Reality (XR) native physical attractions, has raised $11 million in equity and development seed funding, a statement re...
Nuqtah successfully closes their Pre-Seed round
Nuqtah, the Kingdom of Saudi Arabia’s first and leading NFT marketplace, closed their Pre-Seed round led by Shorooq Partners and joined by strategic angel investors. The Company founded by Salwa Radwi...
HealTec raises USD 1.2 million in its inaugural funding round
Saudi-based B2B medical rehabilitation manufacturing startup HealTec, has successfully raised USD 1.2 million in its inaugural funding round. The seed round is led by Nour Nouf Ventures (NNV), a Saudi...
Zofeur successfully raises $500,000 in seed funding
Introducing Zofeur, the world’s first on-demand pay-per-minute chauffeur services platform with no minimum usage commitment – be it 10 minutes, 10 hours or 10 days, users can instantly hire personal c...
Nomod raises $3.4 million in its seed round
Nomod, a platform that makes it beautifully easy for merchants around the world to accept card payments on their phone with no extra hardware, has raised a $3.4 million seed round to accelerate growth...