ClearGrid, a fintech company based in the UAE, has raised $10 million in funding after coming out of stealth mode. The funding is split into two rounds: a pre-seed round of $3.5 million, led by Raed Ventures and Beco Capital, and a seed round of $6.5 million, co-led by...
Iraq, often dubbed one of the last major untapped economies in the Middle East, is poised for a digital revolution. Despite a large, young, and increasingly connected population, its startup ecosystem remains in its nascent stages, fragmented, and largely informal. Enter EQIQ, an innovative venture capital (VC) fund operating...
The company announced that the goal of this investment, which is a mix of equity and financing, is boosting the Saudi market's home advertising.
dKilo, an ad tech startup that is located in Egypt, during the Leap 2024 conference in Riyadh, made a public statement to inform that the company...
Jahez International, a leading Saudi-based food delivery and logistics platform, has announced a landmark agreement to acquire a 76.56% stake in Qatar's Snoonu for a staggering $245 million (SR 919 million). This strategic move, disclosed on the Saudi stock exchange, marks a significant consolidation in the GCC's rapidly evolving...
DUBAI, UAE – Ruya, the pioneering digital Islamic bank, and Ignyte, the government-backed startup ecosystem, have officially forged a strategic partnership. This collaboration aims to accelerate innovation across the UAE by integrating Ruya’s Shari’ah-compliant digital banking expertise with Ignyte’s comprehensive support for entrepreneurs.
The UAE continues to lead the MENA...
Dubai, UAE – The Food and Beverage (F&B) industry across the Middle East and North Africa (MENA) region is experiencing an unprecedented digital revolution, with food tech emerging as a pivotal force. This technological transformation is empowering restaurants to achieve new heights of efficiency, sustainability, and profitability in a...
Dubai, UAE – Related, a leading Dubai-headquartered loyalty and rewards platform, announced today it has successfully raised $8 million (SAR 30 million) in strategic funding. The investment comes from Saudi alternative investment firm Equivator, a move set to significantly accelerate Related’s expansion within Saudi Arabia and bolster the development...
Google today announced a significant expansion of its digital payment ecosystem, with the official launch of Google Pay in Lebanon and Oman. This strategic move underscores Google's commitment to enhancing access to secure and convenient digital payment tools across the Middle East and North Africa (MENA) region. The service...
When significant wealth is generated, whether from a company sale, a major asset liquidation, or a successful IPO, a common question arises for newly liquid families: "What's next for our capital?" For many family offices, the immediate answer often leans towards direct investments in startups, bypassing traditional funds. This...
