Tag: Startups

Foodics makes a strategic investment in Funding Souq to expand restaurant and SME financing in Saudi Arabia and the UAE.

The strategic investment will expand access to Shariah-compliant financing for restaurants and SMEs, building on the companies’ existing collaboration in ...

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

bySafiya Kand1 others

October 18, 2025

Egyptian artificial-intelligence startup Nanovate has secured USD 1 million in a pre-seed funding round, led by a consortia of angel ...

Anthropic Raises $13B at $183B Valuation: An Analysis of its Explosive Growth

bySafiya K

September 3, 2025

AI company behind Claude chatbot demonstrates explosive revenue growth amid enterprise adoption surge Artificial intelligence company Anthropic has successfully closed ...

Qatar’s TASMU Accelerator Showcases Early Success with QAR 2.92 Billion Portfolio, Advancing Digital Economy Goals

byTeam Rasmaland1 others

July 20, 2025

The latest cohort yields QAR 1.10 billion in startup valuations, demonstrating strong momentum for Qatar's innovation initiative. Just three years ...

Executives from Snoonu and Jahez sign the acquisition agreement in Doha, marking a $320 million cross-border tech deal that establishes Qatar’s first billion-riyal startup exit.

Jahez Acquires Majority Stake in Snoonu for $320M, Marking Qatar’s First Billion-Riyal Tech Exit

byTeam Rasmal

July 9, 2025

Key Takeaways Saudi-based Jahez Group acquires a majority stake in Qatar’s Snoonu in a $320 million deal Valuation crosses QAR ...

Selected from over 850 applicants, the ninth cohort includes startups in fintech, AI, SaaS, and sustainability. Hosted by 500 Global and Sanabil Investments. Demo Day scheduled for July 2. - Rasmal

Sanabil Accelerator by 500 Global Announces Ninth Cohort Ahead of July Demo Day in Riyadh

byTeam Rasmal

June 20, 2025

Nine early-stage startups selected from over 850 applicants to pitch at exclusive Demo Day in Riyadh The Sanabil Accelerator, a ...

Dubai-based Prop-AI secured $1.5 million from Plus VC, Oraseya Capital, and others to expand its AI-powered real estate platform across the MENA region. The startup plans to launch new tools for investors and professionals. - Rasmal

Prop-AI Raises $1.5 Million to Build AI Infrastructure for Smarter Real Estate Investing Across MENA

byTeam Rasmal

June 20, 2025

Backed by Plus VC, Oraseya Capital, and Plug & Play, Dubai-based startup eyes regional expansion and launch of Prop-AI Business ...

Standard Chartered and Falak Investment Hub Launch Third ‘Women in Tech’ Cohort in Saudi Arabia

Standard Chartered and Falak Launch Third ‘Women in Tech’ Cohort in Saudi Arabia

byRasmal Press Roomand1 others

May 18, 2025

Applications now open for the 2025 accelerator empowering Saudi female tech founders Standard Chartered, in partnership with Falak Investment Hub, ...

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

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