Wamda

WafR secures $4 million seed to expand last-mile financial services in Morocco

Morocco-based fintech WafR has closed $4 million in an oversubscribed seed round, co-led by LoftyInc Capital, Attijariwafa Ventures, and Almada Ventures, with participation from returning investors ...
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At Family Office Summit Dubai, governance and AI redefine wealth strategy

As global volatility reshapes capital markets and artificial intelligence redraws competitive advantage, family offices are ...
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Saudi Arabia

Press release: Riyadh Valley Company Launches King Saud University Venture Fund in Partnership with SparkLabs Riyadh Valley ...
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HUMAIN takes significant minority stake in xAI through $3 billion Series E

As a result of the Series E transaction, HUMAIN became a significant minority shareholder in xAI, with its holdings subsequently converted into shares in SpaceX. The transaction creates a solid ...
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Saudi spacetech SARsatX raises $2.6 million Seed

Saudi Arabia-based spacetech SARsatX has raised $2.6 million in a Seed round, led by TONOMUS, with participation from Wa’ed Ventures (Aramco), Access Bridge Ventures, and KAUST Innovation Ventures.
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MENA startups raise $355 million in July 2024, recording 206% MoM growth

The amount invested in the Middle East and North Africa (MENA) startups rebounded in July 2024, recording $355 million raised by 38 startups—a 206% rise month on month (MoM) and a more than 260% ...
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Saudi B2B marketplace Shatib secures $750,000 pre-seed

Saudi Arabia-based B2B marketplace for construction materials Shatib has raised $750,000 in a pre-seed round from an unnamed angel investor. Founded in 2024 by Abdulaziz AlMasoud, Shatib enables ...
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Morocco's Spotter raises funds from UM6P

Morocco-based open finance startup Spotter has raised an undisclosed amount of funding from UM6P Ventures. The announcement was made through professional networking platofrm, LinkedIn. The startup ...
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MENA startups raise $116 million in June 2024, bringing H1 total to $882 million

Investment activity in MENA’s startup space slowed down in June 2024, as 38 tech startups raised $116 million, bringing the half-year total to $882 million. The amount raised in June declined 59% ...
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Stake closes $31 million Series B led by Emirates NBD

UAE-based proptech platform Stake has raised $31 million in an oversubscribed Series B round led by Emirates NBD, with participation from Mubadala Investment Company’s MENA Venture Capital Fund, MEVP, ...
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Mena startups raised $35.6 million in June, pushing half year total to $1.6 billion

Startups in Mena raised $35.6 million in June 2023 across 45 deals, pushing the half year funding total to $1.6 billion. While May was a bounceback month for investment in the region, June has been ...