JARAS Hospitality secures $666,000 pre-Seed News • 16 October, 2024 Edit Arabic Saudi Arabia-based JARAS Hospitality has closed a $666,000 pre-Seed, led by undisclosed angel investors. Founded in 2023 by Ahmed Al Zubaidi, JARAS offers integrated hospitality management solutions to manage bookings and improve guest experiences. The team plans to use the […]
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SVC pledges $15 million to Vision Ventures’ Saqr Fund II
SVC pledges $15 million to Vision Ventures’ Saqr Fund II News • 16 October, 2024 Edit Saudi Venture Capital (SVC) has invested $15 million in Vision Ventures’ Saqr Fund II venture capital fund. Saqr Fund II, with a $90 million target, will invest in Saudi Arabia and the MENA region’s early-stage firms ranging […]
SWVL joins Saudi Arabia’s regional headquarters scheme
SWVL joins Saudi Arabia’s regional headquarters scheme News • 15 October, 2024 Edit The mobility giant Swvl has joined Saudi Arabia’s Regional Headquarters (RHQ) Programme and launched its HQ in the Saudi capital of Riyadh. This move supports the company’s long-term growth and profitability plans in the GCC by leveraging the programme’s benefits […]
Jetapult pumps $4.5 million in Saudi game studio UMX
Jetapult pumps $4.5 million in Saudi game studio UMX News • 15 October, 2024 Edit Saudi Arabia-based game studio UMX has raised $4.5 million from Jetapult, an investment company backed by Accel Partners. As part of the transaction, Jetapult, an India-based investment company in the gaming landscape, will acquire a significant stake in […]
Tawaref acquires Amaana.ai to bolster AI-driven solutions for MENA tech community
Tawaref acquires Amaana.ai to bolster AI-driven solutions for MENA tech community News • 15 October, 2024 Edit Arabic Saudi Arabia-based investment community Tawaref has acquired Amaana.ai, a Saudi company facilitating business entry into Saudi Arabia, for an undisclosed value. Founded in 2020 by Saeed Al Ansari, Tawaref is a tech investment community that […]
PiP World secures $10 million Seed from Exinity
PiP World secures $10 million Seed from Exinity News • 14 October, 2024 Edit UAE-based Web3 gaming and edtech ecosystem PiP World has secured $10 million in Seed funding from Exinity. Founded in 2022 by Saad Naja, PiP World produces gamified solutions to improve financial education. This investment will enable PiP World […]
Egypt’s WellPal relocates to Saudi Arabia with fresh funding in hand
Egypt’s WellPal relocates to Saudi Arabia with fresh funding in hand News • 14 October, 2024 Edit Egyptian e-commerce platform for health products, WellPal, has relocated to Saudi Arabia after securing an undisclosed investment round from an angel investor. Founded in 2019 by Mohamed Ali and Mohamed Tantawy, WellPal, a Flat6Labs portfolio company, […]
Saudi edtech AILA closes $1.15 million pre-Seed round
Saudi edtech AILA closes $1.15 million pre-Seed round News • 14 October, 2024 Edit Saudi Arabia-based edtech startup AILA has closed a $1.15 million pre-seed funding round, led by Sabah Hub with the participation of White Hill Capital and 3 other angel investors from Saudi Arabia. Founded in 2023 by Yousef Alsayed, Abdulaziz […]
4Partners secures $3.6 million to enhance regional expansion plans
4Partners secures $3.6 million to enhance regional expansion plans News • 10 October, 2024 Edit UAE-HQ dropshipping service 4Partners has secured $3.6 million in a funding round from undisclosed investors. Founded in 2017 in Russia, 4Partners helps businesses launch and scale online stores by handling inventory, shipping, and order fulfilment through its network […]
UAE’s OCTA raises $2.25 million pre-Seed
UAE-based fintech OCTA has closed a $2.25 million pre-Seed round. The round is co-led by Quona Capital and Sadu Capital, with participation from Sukna Ventures, Plus VC, 500 Global, and notable angel investors, including Pawel Iwanow, Chief Payment Officer at Fresha, and Dom Monhardt, Director of Product Design at Tap Payments. Founded […]