Riyadh-headquartered meal subscription startup Calo has raised $39 million in a Series B extension round led by AlJazira Capital, bringing its total Series B raise to $64 million, the company announced today. The extension follows the initial $25 million Series B tranche raised in December 2024, which was led by Nuwa Capital, and valued the ... Read more ›
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Riyadh-headquartered restaurant management platform Foodics has reported strong growth across key metrics in the first half of 2025, driven by accelerating adoption of its embedded financial services among F&B operators across the region. The startup, which provides point-of-sale systems and FinTech tools to restaurants, now serves over 33,500 active restaurant branches, marking a 23% year-over-year ... Read more ›
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Riyadh-based AI startup Sawt has raised $1 million in a pre-seed funding round led by T2 and STV, the company announced today. It marks the first investment from STV’s newly launched AI fund, which is backed by Google. Founded earlier this year by Abdulmalik Al-Saeed, who was previously the Editor-in-Chief of leading Saudi podcasting platform ... Read more ›
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Elmenus, the Cairo-based food delivery platform that has raised $30 million to date, has appointed former Walid El-Saadany as chief executive, replacing founder Amir Allam after 14 years at the helm. The company founder described Elmenus’ journey as one that started with “$5,000, a laptop and two teammates” and grew into a brand that “impacted ... Read more ›
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Saudi Arabia has launched the first pilot phase of autonomous vehicles in Riyadh, with the initial fleet now operating across major public areas including King Khalid International Airport, Princess Nourah University, and other key locations. The initiative is part of the country’s broader strategy to develop a smart transport ecosystem aligned with Vision 2030. Led ... Read more ›
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Abu Dhabi-based investment platform Wio Invest has reached $1 billion in Assets Under Administration (AUA) in under two years of operations, the company announced today. The platform, owned by ADQ, said it has also processed more than $4 billion in order volume year-to-date. The company said the milestone positions it among the fastest-growing digital investment ... Read more ›
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Governata, Saudi Arabia’s first enterprise data management platform, has officially launched with an AI-powered solution designed specifically to help local organizations comply with the kingdom’s data regulations while leveraging artificial intelligence for decision-making. The Riyadh-based startup, co-founded by former Foodics COO Djamel Mohand alongside data governance veterans Jehad Senan and Khalid Almudayfir, unveiled its flagship ... Read more ›
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Dubai-headquartered marketing startup Journify has secured strategic funding from Shorooq Partners, Bunat Ventures, and Plug and Play, the company announced today, as it doubles its valuation and reports 5x revenue growth over the past six months. The exact valuation and size of the round were not disclosed. This round follows Journify’s $4 million investment raised ... Read more ›
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Egyptian fintech startup Flend has closed a $3 million seed funding round to scale its embedded SME lending platform across Egypt’s underserved small business sector. The round combined equity and debt financing, with Egypt Ventures leading the equity portion alongside Camel Ventures, Sukna Ventures, Plus VC, Banque Misr, and family offices El Sewedy and Baalbaki. ... Read more ›
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Qlub, the Dubai-based startup that’s digitizing restaurant payments across the Middle East and beyond, has raised $30 million in Series B funding to accelerate its global expansion. The round was co-led by Shorooq Partners, a leading MENA-focused VC firm, and Cherry Ventures, with participation from the UAE’s e& (formerly Etisalat), sovereign investment fund Mubadala Investments, ... Read more ›
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Wittify.ai, a Riyadh-headquartered AI startup, has raised $1.5 million in pre-seed funding from Saudi angel investors. The startup did not share the exact details of investors but has told MENAbytes that the investors include high net worth individuals (HNWIs) from Alrajhi, Alsowayan, and Alateeq families. The company develops AI agents for Arabic-speaking markets with proprietary ... Read more ›
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Abu Dhabi-headquartered fertility platform Ovasave has raised $1.2 million in pre-seed funding to expand its at-home hormone testing and egg freezing services into Saudi Arabia. The round was led by PlusVC, Annex Investments, and New York-based 25 Madison, with participation from UAE and Saudi angel investors. Founded in 2023 by Majd Abu Zant and Torkia ... Read more ›
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Meta has acquired PlayAI, a California-based voice AI company founded and led by Egyptian engineer Mahmoud Felfel. The financial details of the deal were not disclosed. Mahmoud, who completed his Bachelor of Engineering from Egypt’s Mansoura University in 2012, co-founded PlayAI with Hammad Syed in 2020. The duo previously worked together as software engineers at ... Read more ›
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Cairo-based venture capital firm A15 has returned more than ten times the capital invested (10x DPI) to limited partners from its inaugural Fund I, it announced in a statement today. The exact fund size and returns were not disclosed, but the milestone places A15 among a select group of global VC firms that have achieved ... Read more ›
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Casablanca-headquartered Ora has raised $7.5 million in Series A funding to scale its two core consumer platforms: food delivery app Kooul and mobile wallet Ora Cash. The round was led by Azur Innovation Fund, joined by three strategic local investors, and brings the company’s total local fundraising to $11.9 million since January 2023. Founded in ... Read more ›
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Palm, an Egyptian fintech focused on goal-based saving, has raised over $1 million in a pre-seed round led by 4DX Ventures, with participation from Plus VC and a group of international angels, it announced today. The exact size of the round was not disclosed Founded in 2024 by Mazen El Kerdany and Ahmed Ashour, Palm ... Read more ›
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Lucidya, the Riyadh-headquartered customer experience management platform, has closed a $30 million Series B round. The round was led by Impact46, with participation from Aramco’s investment arm Wa’ed Ventures, government-backed Takamol Ventures, and SparkLabs. Existing investors Rua Growth Fund and ARG participated in the round. The startup previously raised $6 million in a funding round ... Read more ›
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Saudi-based alternative investment platform Sukna Capital has secured regulatory approval to launch a first-of-its-kind open-ended direct financing fund targeting SMEs in the region. The Sukna Fund for Direct Financing (SFDF), now greenlit by Saudi Arabia’s Capital Market Authority (CMA), will allow institutional investors to deploy non-dilutive, sharia-compliant capital to small and mid-sized businesses. Unlike typical ... Read more ›
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Riyadh-based embedded insurance platform Yasmina has raised $2 million in a seed funding round led by Scene Holding, with participation from Access Bridge Ventures, Arzan VC, and early backing from Sanabil Investment Accelerator by 500 MENA, it announced today. Founded in 2023 by Masoud Alhelou and Bashar Abalkhail, Yasmina positions itself as Saudi Arabia’s first ... Read more ›
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Noon has launched geo-targeted ads on the back of its delivery riders through a new partnership with Flyby, a UAE-based company that produces digital smart boxes for fleets, the company announced on Thursday. The rollout includes hundreds of Noon riders across the UAE, equipped with Flyby’s “Digital Delivery Boxes.” These internet-connected screens display static ads ... Read more ›
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31.07.2025 10:30
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