Shorooq

Presight First AI Fund invests in six AI startups

Presight has unveiled the first six AI companies selected to receive investment through its AI Innovation Ecosystem, strengthening the pipeline of technologies designed to power next-generation intell...

Presight and Shorooq launches $100M global fund for AI

Presight and Shorooq today announced the launch of a global AI innovation fund (Presight–Shorooq Fund I) that aims to invest $100 million in the next generation of AI breakthroughs.

Qlub secures $30 million funding

Qlub, the ultra-fast payment system revolutionizing restaurant transactions, has become a fixture in Dubai’s dynamic dining landscape. After rapid success in the UAE, the company has secured $30 milli...

Saudi startup Rekaz raises $5 million in seed funding

Saudi-based software startup Rekaz has raised $5 million in seed funding to scale its product and expand its regional presence. The round was led by COTU Ventures, with participation from Impact46, Sh...

Arab Fund’s SME arm invest in Shorooq’s Nahda Fund II

The Arab Fund for Economic and Social Development, through its SME financing arm, Badir Fund, is investing in Shorooq’s Nahda Fund II, a Qualified Investor Fund registered with the FSRA ADGM. This inv...

CQR raises $3 million to revolutionize OT cybersecurity

CQR, Saudi Arabia’s leading Operational Technology (OT) cybersecurity firm, has successfully secured a $3 million funding round led by Shorooq, one of the region’s most dynamic investment firms. This ...

The Box secures $12.5mln financing deal led by Shorooq

Shorooq leads a $12.5 million financing through its Credit Practice in The Box, a Dubai-based self-storage company addressing modern storage and logistical challenges faced by individuals and business...

Shorooq backed MANTRA secures first VARA DeFi license

MANTRA Finance, a leading decentralized finance (DeFi) platform operated by MANTRA Group has successfully obtained a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulator...

Halo AI raises $6 million in seed funding round

Halo AI, the company transforming how brands and creators collaborate, today announced the closing of a $6 million seed funding round. Led by Raed Ventures and Shorooq, the round included strategic in...