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MB Staff @ MENAbytes 2 place · 05/21/2025 07:43 EDT

Dubai’s Tarjama raises $15 million to scale Arabic AI foundation model and agentic platform

Dubai-headquartered language technology company Tarjama has secured $15 million in a Series A funding round led by Global Ventures, with participation from Wamda Capital, TA Ventures, Phaze Capital, Golden Gate Ventures, and Endeavor Catalyst, it announced today. The round brings Tarjama’s total funding to over $20 million. The company last raised $5 million in 2019. ... Read more

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MENAbytes
MB Staff @ MENAbytes 1 place · 05/19/2025 08:14 EDT

Egypt’s Thndr raises $15.7 million to expand beyond brokerage with new wealth management products

Cairo-based investment platform Thndr has raised $15.7 million in a funding round led by global tech investor Prosus, with participation from Y Combinator, BECO Capital, Endeavor Catalyst, JIMCO, Raba, and Onsi Sawiris. The round brings the company’s total funding to $37.76 million. The Egyptian startup also unveiled two new products that signal its expansion beyond ... Read more

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MENAbytes
MB Staff @ MENAbytes 1 place · 05/14/2025 06:54 EDT

Saudi’s  Kilow raises $2.5 million seed for its ‘science-backed’ weight loss platform

Riyadh-based healthtech startup Kilow has raised $2.5 million in seed funding to expand its AI-powered weight management platform. The round was led by Sanabil Venture Studio (a joint venture between Sanabil Investments and Stryber). Founded in 2024 by Fahed Al-Essa, Kilow runs a weight-loss app that combines medical oversight with digital tools. The platform offers ... Read more

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MENAbytes
MB Staff @ MENAbytes 2 place · 05/14/2025 03:25 EDT

WakeCap raises $28 million Series A to scale its construction management platform globally

Saudi-born, Dubai-headquartered, construction technology startup WakeCap has secured $28 million in Series A funding led by US-based UP Partners, with participation from Graphene Ventures and strategic investors across the U.S., Saudi Arabia, and Asia, it announced on Tuesday at the Saudi-US Investment Forum. The investment will fuel the expansion of its sensor-powered project intelligence and ... Read more

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MENAbytes
MB Staff @ MENAbytes 3 place · 05/14/2025 02:33 EDT

STV launches $100 million AI fund with Google’s backing

Riyadh-based venture capital firm STV has launched a new $100 million AI fund, backed by Google, to support AI-native startups across the Middle East and North Africa. Announced on Tuesday, the fund marks Google’s first investment in a VC firm in the region. It comes on the heels of STV’s launch of a separate $100 ... Read more

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MENAbytes
MB Staff @ MENAbytes 1 place · 05/12/2025 08:38 EDT

PIF launches HUMAIN to lead Saudi AI infrastructure and Arabic LLM development

Saudi Arabia’s Public Investment Fund (PIF) has launched HUMAIN, a new company that will build and operate across the AI value chain, including infrastructure, cloud services, and large language models. HUMAIN will consolidate and lead national efforts around AI, including the development of Arabic multimodal LLMs, data centers, and hardware procurement. The company will offer ... Read more

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MENAbytes
MB Staff @ MENAbytes 2 place · 05/12/2025 07:14 EDT

Egypt’s Nawy raises $75 million in equity, debt to scale its full-stack real estate platform across MENA

Cairo-based proptech startup Nawy has secured $75 million in combined funding, including $52 million in Series A equity and $23 million in debt financing, the company announced today. The equity round was led by Partech, with participation from e& Capital, March Capital Investments, Verod-Kepple Africa Ventures, and several other investors including Development Partners International via ... Read more

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MENAbytes
MB Staff @ MENAbytes 1 place · 05/09/2025 09:22 EDT

G42’s CPX acquires Dubai cybersecurity startup SpiderSilk for undisclosed sum

Abu Dhabi-headquartered CPX Holding, a leading provider of cyber and physical security solutions, has acquired SpiderSilk, a UAE-based cyber-AI product company, it announced on Wednesday. The financial details of the acquisition were not disclosed. Founded in 2019 by Rami El Malak and Mossab Hussein, SpiderSilk has developed AI-powered defensive technologies including its flagship exposure management ... Read more

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MENAbytes
MB Staff @ MENAbytes 1 place · 05/06/2025 00:46 EDT

Egypt’s Money Fellows raises $13 million to expand digital savings platform across Africa

Cairo-based fintech Money Fellows has raised $13 million in a strategic funding round co-led by Al Mada Ventures and DPI Venture Capital via the Nclude Fund, with participation from Partech, CommerzVentures, and other investors, it announced on Monday. The investment brings the total funding raised by the company to over $60 million since its inception. ... Read more

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MENAbytes
MB Staff @ MENAbytes 1 place · 05/05/2025 03:33 EDT

Saudi fintech Nqooldet raises $3 million seed for SME expense management platform

Saudi Arabia-based fintech startup Nqoodlet has raised $3 million in a seed funding round led by Waad Investments, it announced on Sunday. The round also saw participation from OmanTel, 500 Sanabil, Oqal, Seed Holding, and other investors. This brings the company’s total funding to $4 million, following a $1 million pre-seed round in 2021. Founded ... Read more

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MENAbytes
MB Staff @ MENAbytes 1 place · 05/02/2025 03:58 EDT

Turkey’s Dream Games, maker of Royal Match, valued at $5 billion in landmark exit for early backers

Istanbul-based Dream Games, the developer of hit mobile games Royal Match and Royal Kingdom, has secured a strategic investment from private equity firm CVC. The deal reportedly values the Turkish firm at nearly $5 billion. It was previously valued at $2.75 billion in early 2022. The transaction will provide liquidity to Dream Games’ initial venture ... Read more

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MENAbytes
MB Staff @ MENAbytes 2 place · 05/02/2025 03:01 EDT

RiseUp Summit 2025 aims to gather 20,000 attendees at Grand Egyptian Museum under “Tell Your Story” theme

RiseUp has announced the 12th edition of its flagship event, RiseUp Summit 2025, scheduled to take place from May 8 to 10 at the Grand Egyptian Museum under the theme “Tell Your Story,” the company announced on Wednesday. The summit aims to bring together over 20,000 attendees, 350 innovative startups, and more than 200 regional ... Read more

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MENAbytes
MB Staff @ MENAbytes 3 place · 05/02/2025 01:18 EDT

Tuba, a Saudi healthcare management platform by Syarah’s founder, raises $8 million pre-seed

Saudi Arabia-based healthtech Tuba has raised $8 million in a pre-seed funding round led by Al-Waalan Investment, with participation from angel investors, the company announced on Thursday. Founded earlier this year by Fayez Al-Anazi, who previously founded and led the new and used cars marketplace Syarah, Tuba aims to simplify healthcare management for both patients ... Read more

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MENAbytes
MB Staff @ MENAbytes · 05/02/2025 00:50 EDT

Dubai fintech Fuze raises $12.2 million Series A to grow its digital assets infrastructure platform

UAE-based fintech Fuze has raised $12.2 million in a Series A funding round led by Galaxy and e& capital, with participation from Further Ventures, the company announced on Wednesday. The round takes its total funding to over $26 million. The Dubai-headquartered startup raised $14 million in a seed round in 2023. Founded in 2023 by ... Read more

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MENAbytes
MB Staff @ MENAbytes 1 place · 04/30/2025 05:02 EDT

Pakistan’s MedIQ raises $6 million Series A to further expand its ‘healthcare operating system’ in Saudi

MedIQ, a Pakistani healthtech startup, has secured $6 million in Series A funding to accelerate its expansion across the Middle East, with a primary focus on Saudi Arabia, the company announced today. The round was led by Qatar’s Rasmal Ventures and Saudi Arabia’s Joa Capital, with participation from existing investors. Founded in 2020 by physician-turned-health ... Read more

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MENAbytes
MB Staff @ MENAbytes 2 place · 04/30/2025 02:05 EDT

Saudi fintech Erad raises $16 million pre-Series A to grow its revenue-based financing platform

Riyadh-headquartered fintech Erad has raised $16 million (SAR 60 million) in a Pre-Series A funding round to accelerate its growth and expand operations in Saudi Arabia and the UAE, it announced today. The investment was backed by a mix of global and regional investors including Y Combinator, Nuwa Capital, Khwarizmi Ventures, Aljazira Capital, VentureSouq, Oraseya ... Read more

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MENAbytes
MB Staff @ MENAbytes 2 place · 04/29/2025 09:39 EDT

Ziina launches Tap to Pay in UAE, letting businesses accept in-person payments on iPhone

Dubai-based fintech Ziina has announced the launch of Tap to Pay on iPhone in the UAE, enabling businesses to accept contactless (in-person) payments directly on their iPhones without additional hardware, the company announced on Tuesday. The feature allows businesses of all sizes to accept in-person contactless payments using just an iPhone and the Ziina app. ... Read more

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MENAbytes
MB Staff @ MENAbytes 3 place · 04/29/2025 08:57 EDT

Saudi’s Miran merges with Egypt’s Welnes to build regional health and wellness platform

Saudi-based fitness app Miran has merged with Egyptian wellness platform Welnes to create a comprehensive health and fitness solution combining AI-driven technology with personalized coaching services, the companies announced yesterday. Founded in 2017, Miran offers workout tracking, exercise libraries, and personalized fitness programs. The app provides users with tailored workout routines and diet plans, through ... Read more

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MENAbytes
MB Staff @ MENAbytes 1 place · 04/28/2025 07:10 EDT

Saudi’s Techrar raises $1.6 million for its subscription management platform

Jeddah-headquartered subscription management platform Techrar has raised $1.6 million in a funding round led by Wa’ed Ventures, the venture capital arm of Saudi Aramco, it announced on Sunday. Founded in 2022 by Ahmed Salama, Safwan Saigh, Fozan Alkhalawi, Rania Shaker, and Ahmed Saeed, Techrar enables businesses to manage subscriptions, memberships, and recurring billing, through its ... Read more

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MENAbytes
MB Staff @ MENAbytes 2 place · 04/28/2025 06:22 EDT

Nice One’s profit rises 10% in 2025 Q1, sales surge 30% to $87 million after Ramadan boost

Newly listed Saudi beauty ecommerce platform Nice One reported a 10.2% year-on-year increase in net profit for the first quarter of 2025, reaching $6.4 million (SAR 24.1 million), the company announced today. The Riyadh-headquartered company saw its revenue jump 30% to $86.7 million (SAR 324.97 million) compared to the same period last year, driven by ... Read more

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13.12.2025 09:06
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