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Welcome to our Resource Center, your hub for the latest insights and updates in the MENA region. Explore our collection of blogs, discover funding deals, stay informed on government initiatives, and keep up with key business conferences

Funding Deals

Read about all the funding deals in MENA region

Undisclosed

Undisclosed

Grintafy, a Saudi Arabia-based sportstech company, secured an undisclosed investment from Adaverse. Founded in ..Read More

Grintafy, a Saudi Arabia-based sportstech company, secured an undisclosed investment from Adaverse. Founded in 2019 by Majdi Allulu, Grintafy is a football talent discovery platform catering to prominent football groups in the Middle East and Europe. The funding will support Grintafy in accelerating its Web3 transformation. This investment followed prior backing from Chiliz in March 2024 and a $2.1 million bridge round in 2022, led by Aramco's venture capital arm, Wa'ed, along with other investors.
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Undisclosed

Minority Stake

Saudi-based sports platform Koora Break secured a multi-million-dollar investment from Rio Ferdinand’s sport ..Read More

Saudi-based sports platform Koora Break secured a multi-million-dollar investment from Rio Ferdinand’s sports and entertainment investment firm, The Ferdinand Group (TFG), which acquired a minority stake in the company. The funding will support Koora Break’s expansion into European and Asian markets, offering its sports network services in both Arabic and English.
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$1.4M

pre-Seed

Morocco-based mobility startup, Enakl raised $1.4 million in a pre-Seed funding round, led by Catalyst Fund, w ..Read More

Morocco-based mobility startup, Enakl raised $1.4 million in a pre-Seed funding round, led by Catalyst Fund, with participation from Renew Capital, Digital Africa, Station F, and 15 business angels. The funds will enable Enakl to strengthen its presence in Casablanca, expand its reach, and accelerate the development of its AI-driven technology to optimize routes for sustainable, collective transport solutions tailored to emerging markets.
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$3M

Undisclosed

  • UAE
  •  December 03, 2024

UAE-based gametech startup, Playgama raised $3 million in a funding round led by The Open Platform and s16vc. ..Read More

UAE-based gametech startup, Playgama raised $3 million in a funding round led by The Open Platform and s16vc. The round also saw backing from FJ Labs, The Games Fund, TON Ventures, and Kirill Eves, CEO and Founder of Unlimit. The funds will enable Playgama to enhance its platform for developers, expand its toolkit, and introduce advanced analytics and fintech solutions.
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Undisclosed

Fund of Funds

Jada Fund of Funds has invested in Jadwa GCC Private Equity Fund I, managed by Jadwa Investment, a prominent S ..Read More

Jada Fund of Funds has invested in Jadwa GCC Private Equity Fund I, managed by Jadwa Investment, a prominent Shariah-compliant investment firm in the MENA region. The fund aims to raise SAR 1.5 billion, with a hard cap of SAR 2.0 billion, to invest in companies across GCC countries, with a primary focus on Saudi Arabia. This marks Jadwa's first regional blind pool fund, building on its successful history of 16 single-asset funds since 2007.
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$1.7M

Seed

Egypt-based logistics startup Nowlun raised $1.7 million in seed funding, led by Nama Ventures and A15, with p ..Read More

Egypt-based logistics startup Nowlun raised $1.7 million in seed funding, led by Nama Ventures and A15, with participation from Sanabil 500 Global and other angel investors. The funds will fuel Nowlun's expansion plans and accelerate the development of its platform.
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$7M

Series A

Saudi Arabia-based edtech Aanaab completed its Series A funding round, securing $7 million from Dallah Investm ..Read More

Saudi Arabia-based edtech Aanaab completed its Series A funding round, securing $7 million from Dallah Investment Holding. The funds will enable Aanaab to expand its operations, broaden its range of training programs, and upgrade its technological infrastructure through AI.
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$67.5M

Series B

Riyadh-based fintech infrastructure provider, Lean Technologies raised $67.5M in a Series B funding round led ..Read More

Riyadh-based fintech infrastructure provider, Lean Technologies raised $67.5M in a Series B funding round led by General Catalyst, marking the firm’s first investment in a Saudi startup. Additional investors included Bain Capital Ventures, Duquesne Family Office, and Arbor Ventures, bringing Lean’s total funding to over $100 million.
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