Saudi Arabia-based BIM Ventures and Japan's SBI Holding have launched BIM Capital, a joint venture focused on ..Read More

Saudi Arabia-based BIM Ventures and Japan's SBI Holding have launched BIM Capital, a joint venture focused on expanding growth opportunities across Saudi Arabia and the Middle East. BIM Capital will invest in private equity, venture capital, debt funds, and real estate development, aiming to attract over $200 million in foreign direct investment (FDI) and achieve assets under management (AUM) exceeding $2 billion.
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• Debt Funds
• Private Equity
• Real Estate
• Venture Capital

Beta Lab, a Saudi deep tech fund and studio, launched with $300 million at the 2024 Future Investment Initiati ..Read More

Beta Lab, a Saudi deep tech fund and studio, launched with $300 million at the 2024 Future Investment Initiative. It aims to support startups and foster innovation between the Middle East and Southeast Asia. The fund is backed by the Saudi Ministry of Investment, the Research, Development, and Innovation Authority, HKSTP, and MDI Ventures by Telkom Indonesia.
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• Deeptech

NorthLadder, a UAE-based platform for trading in pre-owned electronics, has raised $10 million in Series B fun ..Read More

NorthLadder, a UAE-based platform for trading in pre-owned electronics, has raised $10 million in Series B funding from stc Group’s Tali Ventures, Dutch Founders Fund, and Crescent Ventures. Founded in 2021 by Mihin Shah and Sandeep Shetty, NorthLadder provides automated assessments and home pickups for device trade-ins. This funding will drive its global expansion and platform development, with recent operations launched in Amsterdam and plans to expand trade-in partnerships across Europe.
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• Electronics

UAE-based Gulf Islamic Investments (GII) has secured an additional $100 million in growth capital to boost pri ..Read More

UAE-based Gulf Islamic Investments (GII) has secured an additional $100 million in growth capital to boost private equity opportunities across Saudi Arabia and the GCC. Investors include the Al Nahdi family office, Sharjah's Shurooq, and existing GII stakeholders. Founded in 2014 by Mohammed Alhassan and Pankaj Gupta, GII is a Shariah-compliant investment firm managing over $4.5 billion in assets.
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• Private Equity

Saudi Arabia-based foodtech startup Nabt has secured $1.5 million in a Seed funding round led by Merak Capital ..Read More

Saudi Arabia-based foodtech startup Nabt has secured $1.5 million in a Seed funding round led by Merak Capital, along with contributions from other angel investors. Founded in 2022 by Abdullah Alotaibi, Nabt operates a B2B marketplace that links farmers directly with businesses. This capital will help Nabt advance product development and broaden its market presence. Nabt is also part of the Sunbolah FoodTech Accelerator, a program by the Ministry of Environment, Water, and Agriculture aimed at nurturing innovative companies in the agricultural sector.
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• Foodtech

Rua Growth I LP igot investment of $5M from Jordan’s Innovative Startups and SMEs Fund (ISSF) to support inv ..Read More

Rua Growth I LP igot investment of $5M from Jordan’s Innovative Startups and SMEs Fund (ISSF) to support investment in Jordanian startups. Rua Growth Fund, a $45 million venture capital fund based in Saudi Arabia, focuses on early-stage companies across sectors like e-commerce, fintech, enterprise solutions, and SaaS. This collaboration seeks to harness Jordan’s entrepreneurial strengths, driving innovation and boosting the regional competitiveness of Jordanian startups.
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Qatar-based delivery platform, Pass has garnered $2.7 million in a pre-Series A funding round from undisclosed ..Read More

Qatar-based delivery platform, Pass has garnered $2.7 million in a pre-Series A funding round from undisclosed backers. Initially launched by UK-based Peyk in 2020 and later acquired by Qatari entrepreneur Bashar Jaber in 2023, Pass offers swift and dependable delivery solutions. This new funding will support Pass’s growth into markets such as Egypt and Saudi Arabia, as well as drive the development of additional offerings to bolster its market foothold.
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• Delivery

South Africa-based e-commerce logistics startup Pargo has entered the Egyptian market following a $4 million i ..Read More

South Africa-based e-commerce logistics startup Pargo has entered the Egyptian market following a $4 million investment led by 3Capital Ventures, Endeavor, SAAD Investment Holdings, and UW Ventures. Established in 2014 by Derk Hoekert and Lars Veul, Pargo provides innovative delivery solutions designed to strengthen e-commerce across Africa. As part of this expansion, Pargo has introduced collection and return service points throughout Egypt.
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• Ecommerce
• Logistics