Bahrain-born edtech startup, Unipal, closed its Pre-Series A investment round for an undisclosed amount. The r ..Read More

Bahrain-born edtech startup, Unipal, closed its Pre-Series A investment round for an undisclosed amount. The round was led by Plus VC, with participation from Al Jazira Capital, RZM Investments, Falak Angels, Doha Tech Angels, and other angel investors. This funding will support Unipal’s expansion into Jeddah, Madinah, Dammam, and Khobar, as well as the launch of its upgraded app with enhanced algorithms.
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• Edtech

Saudi Arabia-based contech, BRKZ, completed its Series A extension at $17 million, including $8 million raised ..Read More

Saudi Arabia-based contech, BRKZ, completed its Series A extension at $17 million, including $8 million raised in March last year and $1 million in venture debt. The round was backed by Capifly, along with existing investors such as BECO Capital, Aramco’s Waed, and others. This funding brought BRKZ’s total funding to $22.5 million and will support its expansion within Saudi Arabia and its supplier network in China and India.
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• Contech

Saudi Arabia-based social media platform, Mush Social, acquired Pubbles, a Saudi Arabia-based social media app ..Read More

Saudi Arabia-based social media platform, Mush Social, acquired Pubbles, a Saudi Arabia-based social media app, to expand its user base and strengthen its digital presence. Founded in 2022 by Abdulhadi Alasmi, Mush Social integrates virtual assets and rewards through its map-based platform. Pubbles, launched in 2020, specialized in interactive virtual communities. This acquisition aligns with Mush Social’s growth strategy following its $1.2 million pre-seed round in November 2024.
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• Media & Entertainment

Saudi Arabia-based SaaS provider, Salla, has acquired Sweply, a Saudi digital advertising platform, which will ..Read More

Saudi Arabia-based SaaS provider, Salla, has acquired Sweply, a Saudi digital advertising platform, which will be rebranded as "Salla Ads" to enhance its advertising solutions. This follows Salla’s $130 million pre-IPO investment round in March 2024, led by Investcorp, with participation from Sanabil Investment and STV. The funding aimed to accelerate Salla’s growth and expand its ecosystem, strengthening its position in the e-commerce space.
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• Marketing & Advertising

UAE-based visa-as-a-service platform, VISARUN.AI, secured $700,000 in pre-seed funding from unnamed angel inve ..Read More

UAE-based visa-as-a-service platform, VISARUN.AI, secured $700,000 in pre-seed funding from unnamed angel investors. The investment will support the development of its visa-as-a-service platform, expansion of its sales team, and growth into key markets, including the UAE, Saudi Arabia, Qatar, India, and China. Founded in 2024 by Vladimir Indjikian and Alena Iakina, VISARUN.AI streamlines visa processing, reducing manual labor by up to 70%.
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• Travel-tech

Morocco-based eyewear brand, LNKO, raised an undisclosed amount from Egypt’s Beltone Venture Capital, the VC ..Read More

Morocco-based eyewear brand, LNKO, raised an undisclosed amount from Egypt’s Beltone Venture Capital, the VC arm of Beltone Holding. Founded in 2020 by Maha Bennani, LNKO has served over 100,000 customers and operates across 24 countries. The fresh investment will fuel its expansion across Africa, further strengthening its omni-channel presence and affordable eyewear offerings.
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• Ecommerce

Qatar-based VC firm, Rasmal Ventures, secured funding from Qatar Investment Authority (QIA) under its $1 billi ..Read More

Qatar-based VC firm, Rasmal Ventures, secured funding from Qatar Investment Authority (QIA) under its $1 billion Fund of Funds program. The investment backed Rasmal’s inaugural VC fund, Rasmal Innovation Fund I LLC, targeting high-growth startups across fintech, B2B SaaS, healthtech, and AI. In June 2024, Rasmal launched the fund with $30 million from institutional investors and family offices, aiming for a $100 million close.
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• Venture Capital

Egypt-based fintech, Khazna, closed a $16 million pre-Series B funding round with participation from SANAD Fun ..Read More

Egypt-based fintech, Khazna, closed a $16 million pre-Series B funding round with participation from SANAD Fund for MSME, anb Seed Fund, Aljazira Capital, Khwarizmi Ventures, Nclude, ICU Ventures, Quona, Speedinvest, and Disruptech Ventures. This follows its $38 million Series A round in March 2022. The new funding positions Khazna to apply for a digital banking license in Egypt and expand into Saudi Arabia.
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• Fintech