Mush Social secures $1.2 million pre-Seed News • 06 November, 2024 Edit Arabic Saudi Arabia-based Mush Social has secured $1.2 million in a pre-Seed round led by Nifal Consulting, with support from Nahr Al-Jazeera Holding, along with other angel investors. Founded in 2022 by Abdulhadi Alasmi, Mush Social is a social platform that […]
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Brands.io secures Seed financing to drive expansion
Brands.io secures Seed financing to drive expansion News • 05 November, 2024 Edit Arabic UAE-based AI startup Brands.io has secured a Seed funding round for an undisclosed value from unidentified investors. Founded in 2024 by Chetan Gera, the platform operates on a business model focused on providing customised domain names tailored to meet the needs […]
Warburg AI secures $250,000 Seed funding
Warburg AI secures $250,000 Seed funding News • 04 November, 2024 Edit UAE-based AI startup Warburg AI has secured $250,000 in seed funding from undisclosed investors. Founded in 2024 by Ben Pfeffer, Lancelot De Briey and Madiyar Ismagulov, Warburg AI provides adaptive AI and machine learning solutions for financial institutions focused on algorithmic […]
Tawaref series: Saudi tax system explained
A deep understanding of the tax system is one of the most critical factors for business success in any country, and Saudi Arabia is no exception. As the Kingdom continues to develop its tax laws and regulations, businesses need to be well-informed to navigate this evolving landscape. Over the years, Saudi Arabia has continuously developed […]
Ayen acquires Elmawkaa in a seven-figure deal
Ayen acquires Elmawkaa in a seven-figure deal News • 31 October, 2024 Edit Arabic Saudi Arabia-based proptech Ayen has acquired the Egyptian contech Elmawkaa in a SAR seven-figure transaction that will see Ayen integrate Elmawkaa’s construction materials marketplace into its property evaluation platform. Founded in 2018 by Abdulrahman Al-Mulqi, Ali Al-Mohsen and Aymen […]
Tarjama launches new feature “Pronoia” for Arabic AI translation
Tarjama launches new feature “Pronoia” for Arabic AI translation News • 31 October, 2024 Edit Arabic Tarjama, an Arabic language technology company based in the UAE, has revealed a new tool available on its platform named Pronoia, on the sidelines of GITEX Global 2024. Pronoia is an advanced large language model (LLM) specifically […]
BIM Ventures unite with SBI Holding to launch $200 million fund “BIM Capital”
BIM Ventures unite with SBI Holding to launch $200 million fund “BIM Capital” News • 31 October, 2024 Edit Saudi Arabia-based venture studio firm BIM Ventures and Japan’s SBI Holding have launched BIM Capital, a joint venture designed to contribute to growth opportunities across Saudi Arabia and the broader Middle East. BIM Capital […]
NorthLadder completes $10 million Series B led by tali ventures
NorthLadder completes $10 million Series B led by tali ventures News • 30 October, 2024 Edit UAE-based device trade-in platform NorthLadder has closed its Series B at $10 million, led by stc Group’s tali ventures, Dutch Founders Fund and Crescent Ventures. Founded in 2018 by Mihin Shah, Pishu Ganglani, Ricky Husaini, and Sandeep […]
$300 million Beta Lab Fund launches to back Saudi, Asian deeptech startups
$300 million Beta Lab Fund launches to back Saudi, Asian deeptech startups News • 30 October, 2024 Edit Saudi fund and studio specialising in deeptech Beta Lab has kicked off with a capital of $300 million on the first day of the Future Investment Initiative (FII) 2024. The fund aims to support the […]
GII adds $100 million to its capital to boost growth plans
GII adds $100 million to its capital to boost growth plans News • 29 October, 2024 Edit Arabic UAE-based alternative investment company Gulf Islamic Investments (GII) has added an additional $100 million growth capital to the group’s balance sheet to develop private equity opportunities across the Kingdom of Saudi Arabia and the GCC. […]