Artificial Intelligence (AI) is rapidly becoming one of the dominant forms of technology in the world. So it shouldn’t come as a massive surprise that Hazen.ai, a company which specializes in creating intelligent traffic technology which utilizes AI to improve safety on the roads has gotten more investment in...
The first companies to have been granted a digital banking license in Saudi are STC Pay along with another local firm. The license was issued by Saudi’s finance minister which was approved by The Saudi Cabinet. And it was announced by the state news agency that day. Now it’s...
In 2021, Faisal Rashed established this Bahraini loyalty program known as Ahlan App and has secured a $3 million investment which values the company at 15 million dollars. This was considered Ahlan's first-round investment that was followed and led by Hope Ventures investment group. Besides other angel investors joining...
The popular Jeddah-based football talent recognizing platform, Grintafy has officially partnered with the English football club West Ham United to provide help and expand their operation. Because of the multi-year organization, the Saudi startup will assist West Ham United with finding football talents on a global scale and that’s...
Sawari Ventures has closed their startups in their Egyptian-focused fund with about new commitments of $28M which roughly 440M in EGP. The commitments were from Kuwait Investment Authority’s Ekuity, Banque Misr, Suez Canal Bank, Misr Insurance Group, National Bank of Egypt, and Banque du Caire. In the previous round,...
It was announced that Taager, the popular Egypt-based social eCommerce platform has managed to raise about $6.4M in a seed round. The round was led by 4DX Ventures which was also joined by Raed Ventures, Beco Capital, Breyer Capital along with the individual investor, Careem’s Magnus Olsson. This leads...
The US-based global digital media investor NBM aka North Base Media of their investment in Majarra which is an Abu-Dhabi-based Arabic online content provider. The investment included other strategic GCC individuals which were said in a statement.
“We’re delighted to have a high quality and specialized investor like North Base...
The popular hyper-developing Dubai-based eMarketplace, Tradeling zeroed in on business-to-business (B2B) exchanges across the MENA region and that's not all. They already have proceeded with an arrangement with the Chinese online business leading platform, JD.com. The coordinated effort will give every business across MENA to get access to take...
The popular Cairo-based grocery platform startup, Appetito has raised about $450K on a Seed round from a gathering of Saudi Arabian Angel investor Ahmed Al Alola. He led the entire funding round in a beginning phase who was one of the early sponsors of Nana and Sary along with...
Announced today, Pakistani Lahore-based edtech Edkasa has raised about $320K in a pre-seed funding round. The round was closed a couple of months ago and it was led by i2i Ventures, but the announcement was made today instead. The round was joined by Zayn Capital, Walled City Co along...
