Funding
Keep up with the latest MENA region funding news with our blog. We'll keep you up-to-date on the latest funding announcements, grants, and regional competitions.
Saudi Fintech MUHIDE Closes Series A Backed by Asyad Group
Saudi fintech startup MUHIDE has successfully closed a Series A funding round led by Saudi conglomerate Asyad Group, marking a...
Qureos Raises $5 Million Seed Round to Accelerate AI-Driven Hiring Across MENA and Beyond
Qureos, an AI-driven hiring platform founded in the Middle East, has secured $5 million in Seed funding as demand intensifies...
Flutterwave Acquires Nigeria’s Mono in Rare All-Stock Consolidation Play
The $25-40 million deal brings Africa’s payments rails and bank-data infrastructure under one roof, marking a shift from fragmented fintech...
Lucid Capital Closes $2.5 Million Seed Round Led by Tharawat Holding
UAE-based fintech Lucid Capital has secured $2.5 million in Seed funding, led by Saudi investment firm Tharawat Holding, as it...
Saudi AI startup Newera.ai raises $2.1m pre-seed to expand enterprise deployments
Newera.ai, a Saudi Arabia based artificial intelligence startup, has raised $2.1 million (SAR 8 million) in a pre-seed funding round...
Velents raises $1.5M to launch Arabic-speaking AI employee “Agent.sa”
Enterprise AI startup Velents.ai has secured $1.5 million from prominent angel investors, including senior executives at Google and BCG. The...
Cairo-based AI Startup Nanovate Raises $1 Million Pre-Seed Round to Advance Arabic AI Solutions
Egyptian artificial-intelligence startup Nanovate has secured USD 1 million in a pre-seed funding round, led by a consortia of angel...
UAE Luxury Luggage Startup Armoir Secures $500K Seed Round to Redefine Premium Travel
Armoir, a UAE-based luxury luggage startup inspired by the heritage of French wardrobe trunks, has raised $500,000 in seed funding...
Renew Capital Invests in Moroccan AI Startup Hypeo Ai to Transform Influencer Marketing in Africa and the Middle East
Renew Capital, an Africa-focused impact investment firm, has announced an investment in Hypeo Ai, a Moroccan artificial intelligence startup redefining...
Jahez Acquires Majority Stake in Snoonu for $320M, Marking Qatar’s First Billion-Riyal Tech Exit
Key Takeaways Saudi-based Jahez Group acquires a majority stake in Qatar’s Snoonu in a $320 million deal Valuation crosses QAR...
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