Riyadh-based credit infrastructure platform Orbii has raised $3.6 million in a seed funding round led by Prosus Ventures, with participation from VentureSouq, DASH Ventures, Taz Investments and Sanabil 500, it announced today. Founded in 2024 by Nauman Ali, Guillaume Kieffer and Nasara Mughal, Orbii provides AI-powered credit infrastructure that enables financial institutions and B2B platforms ... Read more ›
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Egyptian B2B startup TradeHub has officially shut down operations and returned all remaining capital to investors, 18 months after raising a $1.4 million pre-seed round, co-founder Ahmed Gaber announced on LinkedIn earlier this week. The startup, which was founded in late December 2023 by Ahmed Gaber and Ahmed Atef, initially launched as a cross-border B2B ... Read more ›
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Dubai-based car rental startup WheelsOn has closed a $12.5 million funding round that combines $2.2 million in equity from a group of investors, including the founders of London-based Xploration Capital, $6.5 million for fleet expansion, and $4 million in bank financing. The deal values the two-year-old company at nearly $30 million. Founded in 2023 by ... Read more ›
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Riyadh-headquartered AI startup Intella has raised $12.5 million in an oversubscribed Series A funding round led by Prosus, with participation from 500 Global, Wa’ed Ventures, Hala Ventures, Idrisi Ventures, and HearstLab, it announced today. The round brings the company’s total funding to $16.9 million. It previously raised $3.4 million in a pre-Series A led by ... Read more ›
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Qatar Investment Authority has joined a major group of global investors in backing Anthropic’s massive $13 billion Series F funding round. The round values Anthropic at $183 billion post-money, nearly tripling its valuation from $61.5 billion just six months ago in March 2025. The funding round was led by Iconiq Capital alongside co-leads Fidelity Management ... Read more ›
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Munify has raised $3 million in seed funding to build a cross-border neobank that serves both the Egyptian diaspora sending money home and local freelancers and businesses seeking access to U.S. banking. The round, according to TechCrunch, was led by Y Combinator, with participation from regional investors including BYLD and DCG. The fintech was founded ... Read more ›
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Saudi Arabia-based Device-as-a-Service (DaaS) startup Zetta has successfully closed a $12 million Series A funding round led by Core Vision Investment and National Dimensions Investment. The strategic investment will fuel the company’s expansion plans and strengthen its presence in Saudi Arabia’s rapidly growing technology sector. The round follows a $1.5 million pre-seed last year. Founded ... Read more ›
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UAE-based fintech Holo has raised $22 million in a Series A funding round led by Saudi Arabia’s Impact46, with participation from Mubadala Investment Company, Rua Growth Fund, anb seed, and MoreThan Capital. Returning investors Salica Oryx Fund and Dubai Future District Fund also joined the round, which the company describes as one of the largest ... Read more ›
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Saudi Arabia’s leading vacation rental platform Gathern has raised $72 million in Series B round led by Sanabil Investments, a wholly owned subsidiary of the Public Investment Fund, with participation from STV, Pinnacle Capital, Nuwa Capital, and Endeavor Catalyst. The round values the company at over $266 million, making it the highest-valued venture-backed startup in ... Read more ›
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Riyadh-based game development studio Fahy Studios has closed a $1.75 million funding round led by Impact46 and Merak Capital, as the two-year-old startup works toward its ambitious goal of building hit global games from Saudi Arabia. The investment will help Fahy accelerate development of its pipeline of hybrid-casual mobile games, which blend accessible gameplay with ... Read more ›
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Dubai-based proptech startup Coraly.ai has raised $2 million in a pre-seed funding round led by Salica Oryx Fund, with participation from EQ2 Ventures and strategic angel investors, the company announced today. The AI-powered real estate platform, formerly known as Coralytics, helps real estate professionals automate listing creation, lead generation, and property marketing across multiple portals. ... Read more ›
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Abu Dhabi-based AI-powered recruitment platform Professional.me has raised $3.1 million in a seed funding round led by Raha Beach Ventures, bringing its total funding to $4.6 million. Its previous round of $1.5 million pre-seed was also led by the same firm. The recruitment platform and Raha Beach Ventures are both founded and led by Ryan ... Read more ›
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Tarjama and Arabic.AI CEO Nour Al Hassan has called for AI sovereignty in the MENA region following leaked comments from Anthropic CEO Dario Amodei calling Gulf leaders “dictators” and describing regional funding as a “real downside.” In leaked Slack messages first reported by Wired, the AI leader said that taking funding from Middle East leaders; ... Read more ›
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Pakistani fintech Abhi has launched its earned wage access (EWA) platform in Saudi Arabia, marking the startup’s second Middle Eastern market after the UAE. The launch comes over a year after Abhi announced a strategic partnership with Alraedah Digital Solutions that committed $200 million over three years to develop localized financial products for the Saudi ... Read more ›
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Saudi venture capital firm Impact46 has invested over $6.6 million across five gaming studios; Fahy, NJD, Game Cooks, Starvania, and Alpaka, as part of its $40 million Gaming Fund launched in March 2024. The investments span mobile, PC, console, VR, and hybrid-casual game development, with the studios focused on creating culturally localized content with global ... Read more ›
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Egyptian grocery delivery platform Breadfast has raised $10 million from the European Bank for Reconstruction and Development (EBRD) as part of its Series B2 funding round, according to EBRD’s official project listing. The round is led by Africa-focused VC firm Novastar Ventures and has not been announced by the company yet. Breadfast previously raised $26 ... Read more ›
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Flat6Labs, the Middle East’s most active startup accelerator, has restructured under a new holding company called F6 Group, alongside the launch of F6 Ventures, a dedicated seed-stage investment firm, it announced today. The move consolidates 14 years of regional startup ecosystem building under a unified structure designed to provide comprehensive support from acceleration through investment. ... Read more ›
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Dubai-based expense management platform Alaan has raised $48 million in Series A funding, the company announced today. The round was led by Peak XV Partners (formerly Sequoia Capital India & SEA) and 885 Capital, with participation from Pioneer Fund and existing investors Y Combinator and 468 Capital. It also includes both primary and secondary investment ... Read more ›
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Cairo-based digital procurement platform Suplyd has raised $2 million in a pre-Series A funding round led by 4DX Ventures, Camel Ventures, and Plus VC, with participation from Seedstars and existing investors, it announced today. The round will support the company’s expansion beyond procurement and help build comprehensive infrastructure for restaurant operations across Egypt. Founded in ... Read more ›
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Riyadh-headquartered e-commerce fulfillment platform Salasa has raised $30 million in a Series B funding round led by Artal Capital, with participation from SVC, Wa’ed Ventures, 500 Global, Alsulaiman Group, and other strategic investors, it announced today. It takes total capital raised so far by Salasa to nearly $40 million. The Saudi startup had previously raised ... Read more ›
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Most popular sources
Business Insider
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45% 5 |
Vox
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12% 8 |
Gizmodo
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11% 3 |
Android Authority
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4% 3 |
Wired
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4% 1 |
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21.09.2025 05:13
Last update: 05:05 EDT.
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