FII Institute, a Saudi-based investing giant has announced their investment of $500K in Paris-based space technology startup Interstellar Lab. The investment was done as part of their inclusive mission to provide the empowering the most eligible and brightest minds in leveraging scientific innovation for a better future.
The financial equity...
The popular trucking marketplace from Karachi Truck-It-In has managed to add $3M to its pre-seed round and that’s not all. They have raised the fund in an extension to close the round right around $4.5M which was announced very recently. The startup already claimed to be the largest ‘pre-seed...
Walee, the popular influencer marketing platform from Islamabad has managed to raise about $2.7M in a seed funding round and that’s not all. The round was from a Pakistani communications company Z2C and they are strictly into public relations, advertising, commerce along with technological advancements as well. However he...
The Licorne Gulf-advised fintech company Spendwisor of their investment commitment from GEM Global Yield LLC SCS. The investment was roughly $50M from GGY which is a Luxembourg-based private alternative investment group worth $3.4B. With this facility, Spendwisor plans on tapping the full potential of the growing fintech market in...
The popular student-centric edtech and AI-based company GoLearn Education has landed down in the MENA region. The Strategic Board Advisor naming Nada Ali Reddha has announced this about GoLearn’s expansion to MENA. Her career includes being Founder & Chairperson of SEED Group in UAE, membership of Nama Women Advancement...
It was announced by the DIFC of their most latest investment in Clara which is a UK-headquartered Legal-tech startup. The investment was made through the DIFC fintech fund. It was launched back in 2017 and ever since, the startup has been set to establish, improve and take startups further...
Abu Dhabi announced that they’d be reducing business setup fees for the private sector. The decision was also made of license renewal fees to DHS 1K. This new fee policy will be effective from July 27, 21. And the entire reduction of the fee is over 90 percent less...
Pakistan’s popular B2B eCommerce platform Dastgyr announced that they’ve managed to raise about $3.5M in a seed round. The round was led by SOSV and it brings the total sum as of now to $4M and that’s not all. The round was joined by Asian Development Bank’s VC arm...
The global fintech and fund manager Liquidity Capital has announced its latest joint venture with Yas Investments from Dubai. While being focused on financing Tech startups from the MENA region, this latest partnership will culminate in a Venture Debt Fund of $100 Million in Abu Dhabi’s global markets.
Venture Debt...
Aramco’s Wa’ed, Saudi’s entrepreneurship arm of oil and petroleum giant that they’ll be doubling their investment in and support of startups by the year 2023.
Wa’ed was launched back in 2011 and ever since they’ve been supporting over 90 startups via venture capital investments and loans. But they did vow...
