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Cairo-based AI Startup Nanovate Raises $1 Million Pre-Seed Round to Advance Arabic AI Solutions

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Funding

Cairo-based AI Startup Nanovate Raises $1 Million Pre-Seed Round to Advance Arabic AI Solutions

bySafiya Kand1 others

October 18, 2025

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.

Shorages Secures $1m, Revolutionizes Fulfilment, Expands, Focuses on Tech

byRasmal Press Room

April 25, 2024

Shorages secures $1M pre-Series A funding for its dynamic fulfilment startup in the GCC. Strategically positioned fulfilment centers in UAE...

FinTech Funding Continues to Surge as Second Edition of Dubai FinTech Summit Commences

byRasmal Press Room

April 24, 2024

Arabic The Dubai FinTech Summit is scheduled for May 6-7 at Madinat Jumeirah. Over 800 FinTech startups valued at USD...

Various honey jars showcased at a Saudi market

Saudi Arabia Invests $37 Million to Expand Honey Production

byRasmal Press Room

April 20, 2024

Saudi Arabia allocates $37 million to boost the honey sector, benefiting over 10,580 individuals in rural areas. Honey production in...

Egyptian podcast company “The Potcast Productions” secures undisclosed early funding via Shark Tank Program

byRasmal Press Room

April 19, 2024

TPP, an Egypt-based podcast production company, secured early financing through Shark Tank, facilitated by Dina Ghabbour, marking a pivotal moment...

Beltone Venture Capital partners up with CI Venture Capital, investing $30M in MENA startups

Beltone and CI Venture Capital Partner to Power MENA Startups

byRasmal Press Room

April 18, 2024

Beltone Venture Capital (BVC) partners with CI Venture Capital to manage a $30 million fund for MENA startups. The Fund...

NEOM plans a SAR 5 billion sukuk sale for $1.3 billion, scaling back The Line development, reflecting revised objectives.

Bloomberg reports that Saudi Arabia’s NEOM plans to raise $1.3 billion from its first-ever sukuk sale

byRasmal Press Room

April 18, 2024

NEOM plans to raise SAR 5 billion through its inaugural sukuk sale to support $1.5 trillion construction projects. HSBC Holdings,...

Microsoft Announces Strategic Investment in G42 to Advance AI Solutions Globally

Microsoft invests $1.5 billion in UAE’s G42, securing a minority stake in the company

byRasmal Press Room

April 17, 2024

Microsoft and G42 collaborate to deliver advanced AI solutions across the Middle East, Central Asia, and Africa using Microsoft Azure....

U-topia Raises $850K for Web3 Entertainment Platform

GDA Capital invests $850,000 in U-topia, pioneering Web3 entertainment with integrated IPs, NFTs, and retailer perks

byRasmal Press Room

April 17, 2024

GDA Capital invests $850,000 in U-topia, backing its innovative approach to blockchain-based IP licensing. U-topia pioneers Web3 entertainment, combining GameFi,...

Penny Software secures Pre-Series A funding, poised for global expansion

byRasmal Press Room

April 16, 2024

Penny Software secures substantial Pre-Series A funding from prominent investors, including Iliad Partners, GSI, and Knollwood Investments. Existing investors, such...