FundingNews Archives

MENA Startup Scene Soars $88.7 Million Raised in February Funding Spree

Startups in the MENA region raised $88.7 million in February, showing a 2% increase from the previous month but an ...

Prime Minister Sheikh Mohammed Launches $1 Billion VC Initiative to Energize Qatar's Innovation

Qatar’s Prime Minister Sheikh Mohammed Bin Abdulrahman Al-Thani Announced a $1 Billion Investment in International & Regional Venture Capital Funds

February 27, 2024

Qatar's Prime Minister, HE Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani, spearheads a $1 billion venture capital initiative by ...

Sawari Ventures Launches $150 Million Fund to Boost Egyptian Startup Ecosystem

Sawari Ventures Unveils $150 Million Fund to Support Egyptian Startups

byRasmal Press Room

February 21, 2024

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Sawari Ventures announces a substantial $150 million fund dedicated to supporting Egyptian startups, signalling a significant boost for the country's ...

Exverse Lands $3 Million Investment, Pioneering Web3 Gaming Transformation

Exverse Secures $3 Million Investment to Revolutionize Web3 Gaming

byRasmal Press Room

February 17, 2024

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Exverse secures a $3 million investment from key players like Cogitent Ventures, marking a significant step in revolutionizing Web3 gaming. ...

Kema Raises $2 Million Pre-Seed Investment to Revolutionize B2B Payments in the UAE

byTeam Rasmal

February 13, 2024

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Kema, backed by $2 million in pre-seed funding, is set to unveil a specialized Software-as-a-Service (SaaS) platform designed to cater ...

January 2024 Sees MENA Startups Raise $86.5M, UAE Leads with $47M, Tumodo's $35M Pre-Seed Round Highlights Traveltech Surge

MENA Startups Secure $86.5M in January 2024 Funding Round

byRasmal Press Roomand1 others

February 12, 2024

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Startups in the MENA region secured a total funding of $86.5 million in January 2024. The UAE emerges as the ...

Wayl Secures $150K Pre-Seed Funding to Revolutionize Iraqi Digital Payments

Wayl Secures $150,000 Pre-Seed Funding from EQIQ Ventures

byRasmal Press Room

February 10, 2024

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Iraqi fintech startup Wayl has raised $150,000 in pre-seed funding from EQIQ Ventures. This marks the first investment in an ...

Saudi Proptech Startup Rize Raises $2.9 Million in Seed Funding

Rize Raises $2.9M in Seed Round to Transform Saudi Rental Market

byRasmal Press Room

February 7, 2024

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Rize secures $2.9 million, reflecting investor confidence in its Saudi Arabian rental market vision. Rize introduces a "Rent Now, Pay ...

Roboost closes $3M funding to bring automated logistics to more businesses in Middle East and Africa

Egyptian Delivery Automation Startup Roboost Raises $3 Million to Fuel Regional Expansion Plans

byTeam Rasmal

January 31, 2024

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Egyptian startup Roboost has developed an AI-powered delivery management platform that fully automates logistics operations for businesses. After achieving 400% ...