The Nuwa Capital, a Gulf venture capital fund has announced their first close debut fund of $75 million pretty much after a year of their lunch. This Dubai and Riyadh-based capital fund also known as ‘Nuwa Ventures Fund I’ (NVFI) has become one of the largest ones in the...
Mubadala, Abu Dhabi's prominent sovereign wealth fund, is reportedly in advanced discussions to significantly increase its investment in Revolut, the UK-based digital banking and payments powerhouse. The potential deal, valued at approximately US$100 million (£78 million), would see Mubadala acquire an additional stake in Revolut, which is now commanding...
Biware, the popular data management startup from Tunisia has announced that they’ve successfully managed to raise about $1.2M from CDC Gestion and Zitouna Capital.
Biware works by providing technological SMB that supports other companies to use their data for strategic purposes and that’s not all. The purposes include increasing revenues,...
The popular Arabic conversational AI platform from Jordan, Xina AI has managed to raise a $1M seed round and it was announced today. The seed round was led by Jordanian angel investors and a Qatari family office. The platform works by automating customer support queries with the world’s first-ever...
Egypt's Information Technology Institute (ITI) has joined forces with Google to dispatch the Machine Learning Developer, which hopes to qualify 30K programmers, college students, and software engineering graduates on Artificial Intelligence (AI) and Machine Learning backgrounds to make the team even greater. With literally a horde of APIs, Google...
It was announced recently that there will be ‘One Million Entrepreneurs’, a campaign targeting potential talents and future entrepreneurs across Egypt, and the campaign is led by the Egyptian Ministry of Planning and Economic Development. The program is for all ages and groups across Egypt. It’s a fully online...
As the world went into lock down a year ago, the vast majority had to look for alternative ways. And they pretty much turned to internet shopping and other web-based services. And that certainly sped things up on web-based business reception. And expanded a lot of absolute US retail...
Saudi Arabia-based insurance as a help (IaaS) stage that Eltizam has raised SAR2.5M which is roughly $666K through the crowdfunding platform ‘scopeer’. Established by Hani Al Malki (CEO) and Khaled Al Ahmadi (CTO), Eltizam hopes to digitize the nearby insurance business industry AI innovation. It offers insurance-related items crossing...
Health-tech start-up MEDZnMORE raised a pre-series A round of $11.5 million from a series of angel and venture capitalist firms. Founded in 2020 based in Karachi Pakistan, in pursuit to solve the medical and wellness delivery service for B2B and B2C clientele of consumers, pharmacies and hospitals.
With the growth...
A platform for esports and gaming, SaudiGamer.com, has been acquired by Webedia Esports Agency, an international gaming experts via Webedia Arabia Group –it’s local arm (based in UAE, KSA, and Lebanon).
The involvement of Webedia Arabia Group will consolidate SaudiGamer.com and her social channels to firmly establish it as the...
