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

Saudi Arabia-based regtech, Mohami, raised $266,000 in a pre-seed funding round at a $4 million valuation. Fou ..Read More

Saudi Arabia-based regtech, Mohami, raised $266,000 in a pre-seed funding round at a $4 million valuation. Founded in 2023, the company specialises in AI-powered legal consultations. The investment aimed to support Mohami’s expansion within the Saudi market.
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• Regulatory Tech

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

UAE-based AI startup, qeen.ai, closed a $10 million Seed funding round, one of the largest in the MENA region. ..Read More

UAE-based AI startup, qeen.ai, closed a $10 million Seed funding round, one of the largest in the MENA region. The round was led by Prosus Ventures, with participation from Wamda Capital, 10x Founders, and Dara Holdings. This investment brings qeen.ai’s total funding to $12.2 million, following a $2.2 million pre-Seed round in June 2024. The funds will drive platform expansion, team growth, and customer acquisition.
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• AI

Saudi Arabia-based AI startup, vminds.ai, closed a six-figure pre-Seed investment round from undisclosed angel ..Read More

Saudi Arabia-based AI startup, vminds.ai, closed a six-figure pre-Seed investment round from undisclosed angel investors. The funding will support the official launch of its platform for individuals and the rollout of its enterprise platform in Q3 2025. Founded by Ahmed Al-Mashhadi, vminds.ai integrates over 150 AI tools from global companies into a single intelligent, self-learning platform.
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• AI