News
Tawaref and Thanawi to advance entrepreneurship in KSA
Tawaref, a leading Saudi-based shared services company, and Thanawi, a pioneering digital platform, signed a strategic partnership to advance the entrepreneurship sector and support digital transforma...
Investcorp appoints Mohamed Aamer as the Interim CEO
Investcorp announced the appointment of Mohamed Aamer as Interim CEO, effective 1 March 2025. Mohamed will succeed Tim Mattar, the current CEO of Investcorp Capital. Mattar has been with the Company s...
RasMal closes its $4.8 million pre-series A round at LEAP
RasMal, the first cap table management and investment governance platform in MENA region, closes its Pre-Series A investment round led by Syndicate Element Holding Group (SHG), a leading investment fi...
Merak Capital and Huawei Cloud to support gaming startups in Saudi Arabia
Merak Capital, a leading technology-focused investment firm in KSA and Huawei Cloud have announced a strategic partnership to accelerate the development of Saudi Arabia’s gaming industry through...
Tabby raises $160 million in Series E at a $3.3 billion valuation
Tabby has raised $160 million in a Series E financing round at a $3.3 billion valuation, cementing Tabby as the most valuable fintech company in the region. The round was led by existing investors Blu...
Nigerian startup Raenest raises $11mln Series A funding
Raenest, the global multi-currency accounts platform for individuals and businesses across Africa, today announced the completion of its $11M Series A funding. The round was led by QED Investors, with...
Unipal closes Pre-Series A round to grow in Saudi Arabia
Unipal, the biggest youth benefits platform in the region, successfully raised its Pre-Series A investment round. The round was led by Plus VC with participation from Al Jazira Capital, RZM Investment...
AI71 offer developers to win $50,000 in compute power
AI71, a UAE-based AI venture specializing in enterprise productivity solutions, is offering $50,000 in compute power as part of a global Call for Proposals, inviting developers to submit impactful sol...
QDB, MAGNiTT launches Venture Investment Report 2024
Qatar Development Bank has released the fifth edition of its annual Venture Investment Report 2024 in collaboration with MAGNiTT Research. The publication is part of QDB’s ongoing commitment to suppor...