UAE-based AI startup, Lumi AI, closed a $3.7 million seed funding round, led by AgFunder, with participation f ..Read More

UAE-based AI startup, Lumi AI, closed a $3.7 million seed funding round, led by AgFunder, with participation from Forum Ventures, ADQ, Qora71 syndicate, and other angel investors. Earlier, in August 2023, Lumi secured its first round of funding from Forum Ventures, Annex Investments, and strategic angels.
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• AI

UAE-based healthtech, Valeo Health, raised $12 million in its Series B round, bringing its total funding to $2 ..Read More

UAE-based healthtech, Valeo Health, raised $12 million in its Series B round, bringing its total funding to $20 million. The round was led by Flintera, with participation from Nuwa Capital, FJ Labs, Oryx, Mindshift Capital, Oraseya, and Eirad.
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• Healthtech

UAE-based streaming platform OSN+ raised $57 million from Warner Bros Discovery for an approximate 30% equity ..Read More

UAE-based streaming platform OSN+ raised $57 million from Warner Bros Discovery for an approximate 30% equity stake. The investment aims to enhance locally produced content and attract regional viewers. Additionally, in December, OSN Group invested $55 million in Lebanon-founded music streaming app Anghami Inc., further expanding its footprint in the regional entertainment sector.
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• Media & Entertainment

Saudi Arabia-based fintech, Arabian Pay, secured an undisclosed investment in its Pre-Seed round from Al Bassa ..Read More

Saudi Arabia-based fintech, Arabian Pay, secured an undisclosed investment in its Pre-Seed round from Al Bassami Holding Group. The funding will help enhance its market presence, accelerate platform development, and expand partnerships.
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• Fintech

Saudi Arabia-based fintech Nayla Finance secured $4 million in seed funding, led by Sanabil Venture Studio by ..Read More

Saudi Arabia-based fintech Nayla Finance secured $4 million in seed funding, led by Sanabil Venture Studio by Stryber. The investment will support product and business expansion, strengthen Nayla’s loan book, and provide capital to micro-businesses across Saudi Arabia.
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• Fintech

UAE-based fintech enza secured a $6.75 million seed equity round, co-led by Algebra Ventures and Quona Capital ..Read More

UAE-based fintech enza secured a $6.75 million seed equity round, co-led by Algebra Ventures and Quona Capital. The funding will help enza strengthen its presence across key markets in Africa, building on its existing footprint in Egypt, Nigeria, and South Africa.
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• Fintech

UAE-based fintech, Nymcard, raised $33M in a Series B funding round led by QED Investors, with participation f ..Read More

UAE-based fintech, Nymcard, raised $33M in a Series B funding round led by QED Investors, with participation from Lunate, DFDF, Mashreq Bank, Knollwood, and others. This investment aims to strengthen NymCard’s payment infrastructure and expand its presence across 10+ MENA markets. Previously, NymCard secured $22.5 million in a 2022 venture round led by DisruptAD and Reciprocal Ventures.
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• Fintech

UAE-based fintech, ClearGrid, secured $6.5 million in a seed round co-led by Nuwa Capital and Raed Ventures, a ..Read More

UAE-based fintech, ClearGrid, secured $6.5 million in a seed round co-led by Nuwa Capital and Raed Ventures, alongside investors such as Sharaka, 9yards Capital, and Protagonist. The funding will support ClearGrid’s AI-powered debt collection solutions and regional expansion.
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• Fintech