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

UK-founded, UAE-based insurtech startup, AppliedAI, secured $55 million in a Series A funding round at a pre-i ..Read More

UK-founded, UAE-based insurtech startup, AppliedAI, secured $55 million in a Series A funding round at a pre-investment valuation of $300 million. The round was led by G42, with participation from Palantir, Bessemer Venture Partners, McKinsey, and Accrete Capital. This investment will support AI tool development and team expansion in the U.S. and Europe. Previously, AppliedAI raised $42 million in 2022 from G42 and the Al Maktoum family.
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• Insurance Tech

Egypt-born, Saudi Arabia-based social e-commerce platform, Taager, secured $6.75 million in a pre-Series B fun ..Read More

Egypt-born, Saudi Arabia-based social e-commerce platform, Taager, secured $6.75 million in a pre-Series B funding round led by Norrsken22. The investment will support its expansion in the Middle East. Previously, in 2021, Taager raised $6.4 million in a seed round led by 4DX Ventures, with participation from Raed Ventures and other investors.
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• Ecommerce

Saudi Arabia-based e-services platform, LAHINT, secured $1 million in a pre-seed funding round from undisclose ..Read More

Saudi Arabia-based e-services platform, LAHINT, secured $1 million in a pre-seed funding round from undisclosed investors. The investment will support the expansion of its governmental services and the introduction of AI-powered eligibility consultations. Previously, in 2023, LAHINT raised $267,000 in an initial pre-seed round.
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• e-Services

Saudi Arabia-based edtech, ULA.me, raised $28 million in a Series B funding round led by Growth Visions Fund, ..Read More

Saudi Arabia-based edtech, ULA.me, raised $28 million in a Series B funding round led by Growth Visions Fund, with participation from Jordan Capital & Investment Fund and Foursan Group. Founded in 2022 by Alaa Jarrar, ULA leverages AI, VR, and AR for personalized learning. The investment supported its expansion in Saudi Arabia and the development of a generative AI-backed digital education platform.
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• Edtech

UAE-based rewards and loyalty platform, Merit Incentives, raised $28 million in a Series B funding round from ..Read More

UAE-based rewards and loyalty platform, Merit Incentives, raised $28 million in a Series B funding round from Capital Investment, Stride Ventures, Tech Invest Com, and Oryx Fund. Founded in 2016 by Julie Leblan and Thrishan Padayachi, the company provides digital gift cards and engagement solutions across multiple markets. The investment followed its $5 million Series A in 2021 and a $12 million Pre-Series B round in mid-2024.
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• Service

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