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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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
Last update: 09:00 EDT.
News rating updated: 16:03.
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