UAE-based investment holding firm, Tech Universal Ventures (TUV) acquired UAE-based mobile and electronics se ..Read More

UAE-based investment holding firm, Tech Universal Ventures (TUV) acquired UAE-based mobile and electronics servicing brand, FixSquad as part of its strategic expansion across the GCC. The acquisition supported TUV’s vision of building scalable digital infrastructure and services. FixSquad, a mobile and electronics servicing brand, operates under a hybrid consumer–enterprise model and has begun rolling out a regional franchise framework.
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• Electronics

UAE-based investment holding firm, Tech Universal Ventures (TUV) acquired Swedish-based firm ELVA11 to enhance ..Read More

UAE-based investment holding firm, Tech Universal Ventures (TUV) acquired Swedish-based firm ELVA11 to enhance its global reach and technical capabilities. Headquartered in Malmö and Stockholm, ELVA11 is a high-performance AI and software consultancy known for its engineering culture and services in software development, consulting, and digital education.
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• AI

Saudi Arabia-based retail tech startup, BirdEye, raised $586,000 in a pre-seed round from a private tech-focus ..Read More

Saudi Arabia-based retail tech startup, BirdEye, raised $586,000 in a pre-seed round from a private tech-focused fund. The funding, secured shortly after its November 2024 launch, marked a key step in supporting BirdEye’s growth. The capital was aimed at scaling its digital retail platform across the Kingdom and expanding its local team, with a focus on enabling SMEs through streamlined operational tools.
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• Retail

Iraq-based B2B e-commerce startup, Toolmart, secured a seed funding round led by Plus VC and Oasis500, with pa ..Read More

Iraq-based B2B e-commerce startup, Toolmart, secured a seed funding round led by Plus VC and Oasis500, with participation from regional angel investors. The investment marked a key milestone in Toolmart’s journey, enabling the company to expand its team and prepare for entry into new Middle Eastern markets. The funding aimed to strengthen its inventory-light procurement platform designed for large enterprise efficiency.
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• Ecommerce

UAE-based fintech, Gainz closed a 7-figure USD pre-seed round, combining equity and debt, led by Antler MENAP, ..Read More

UAE-based fintech, Gainz closed a 7-figure USD pre-seed round, combining equity and debt, led by Antler MENAP, Lithium Holdings, and Eleventh Invest Inc., with backing from regional high-net-worth investors. The investment reflected strong confidence in Gainz’s founding team and the SME financing opportunity in MENA. The funds were set to support platform scaling, regional growth, and innovation in Shariah-compliant alternative lending.
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• Fintech

UAE-based tech startup, Tarjama, raised $15 million in a Series A round led by Global Ventures, with support f ..Read More

UAE-based tech startup, Tarjama, raised $15 million in a Series A round led by Global Ventures, with support from Wamda Capital, TA Ventures, Phaze Capital, Golden Gate Ventures, and Endeavor Catalyst. The investment aimed to scale Tarjama’s Arabic.AI ecosystem, expand its engineering team, and develop sovereign infrastructure. It also supported the launch of an AI Academy to train enterprise and government leaders across Arabic-speaking markets.
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• AI

Cairo-based used-car platform Sylndr raised $15.7 million in a Series A equity round led by DPI Venture Capita ..Read More

Cairo-based used-car platform Sylndr raised $15.7 million in a Series A equity round led by DPI Venture Capital via the Nclude Fund, with backing from Algebra Ventures, Nuwa Capital, Raed Ventures, and others. The funds were allocated to boost expansion in Egypt, enhance pricing and fintech tools, and deepen industry partnerships. In November 2023, Sylndr also secured a $7.46 million capital facility to support its business model.
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• Autotech

Kuwait-based q-commerce startup, Circle raised $6 million in Series A funding from unnamed investors. The inve ..Read More

Kuwait-based q-commerce startup, Circle raised $6 million in Series A funding from unnamed investors. The investment marked a key milestone in Circle’s growth trajectory and was allocated to support its regional expansion plans. Founded in 2020 by Altaf AlThekair, the company aims to enter major MENA markets by early 2026 with its rapid grocery delivery model powered by dark stores and fulfilment centres.
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• q-commerce