UAE-based healthtech, BioSapien, extended its pre-Series A funding round to $7 million, with new investors lik ..Read More

UAE-based healthtech, BioSapien, extended its pre-Series A funding round to $7 million, with new investors like Golden Gate Ventures joining the round. This marked the first deployment of Golden Gate's dedicated MENA Fund. The extension follows a $5.5 million pre-Series A round in December, led by Global Ventures and supported by Dara Holdings. The funds will support BioSapien’s development of its drug delivery platform, MediChip™.
Read Less

• Healthtech

Egypt-based logistics startup, Fincart.io, raised an undisclosed amount in a pre-Seed funding round, led by Pl ..Read More

Egypt-based logistics startup, Fincart.io, raised an undisclosed amount in a pre-Seed funding round, led by Plus VC and joined by Plug and Play, Orbit Startups, Jedar Capital, and other regional investors. Founded in 2023 by Mostafa Elmasry and Nihal Ali, the funds will be used to enhance Fincart's platform, expand its courier network, and support the e-commerce market in Africa and the Middle East.
Read Less

• Logistics

UAE-based fintech, Pluto raised $4.1 million in a pre-Series A funding round led by Rhino Ventures, Born Capit ..Read More

UAE-based fintech, Pluto raised $4.1 million in a pre-Series A funding round led by Rhino Ventures, Born Capital, Goanna Capital, Evolution VC, Freesearch VC, and Tiferes VC. Founded in 2021 by Mohammed Ridwan, Mohammed Aziz, and Nayeem Zen, Pluto offers spend management solutions using virtual and physical cards. The funding will support its expansion in KSA and strengthen its Pluto Connect product in the GCC market.
Read Less

• Fintech

UAE-based retail SaaS provider, Retailhub secured an investment from Angelspark for an undisclosed amount. Fou ..Read More

UAE-based retail SaaS provider, Retailhub secured an investment from Angelspark for an undisclosed amount. Founded in 2022 by Daniel Alimov and Roman Tikhonov, Retailhub offers a platform that syncs stock updates from POS systems to aggregators and consolidates orders into a single application. The funding will support the company’s efforts to enhance its platform, expand partnerships, and scale operations across the UAE and international markets.
Read Less

• SaaS

US-based VC firm 500 Global launched the 500 MENA L.P. fund to invest in high-growth technology startups acros ..Read More

US-based VC firm 500 Global launched the 500 MENA L.P. fund to invest in high-growth technology startups across the MENA region. The fund is backed by Jada Fund of Funds, Saudi Venture Capital (SVC), and Sanabil Investments. It aims to support startups with proven product-market fit and growth potential, addressing the funding gap faced by MENA founders.
Read Less

The Netherlands and Palestine-based AI training startup, DataQueue secured a funding round from Ibtikar Fund a ..Read More

The Netherlands and Palestine-based AI training startup, DataQueue secured a funding round from Ibtikar Fund and Flat6Labs Jordan Seed Fund for an undisclosed amount. Founded in 2021 by Bashir Alsaifi, DataQueue specializes in providing annotated and labeled data for AI model training. This round follows a previous investment from Ibtikar Fund in August 2023, further supporting the startup’s ambition to become a global AI partner for businesses.
Read Less

• AI
• Information Technology

UAE-based HRtech, Ogram secured a $3M investment from Tanami Capital to fuel its expansion into Saudi Arabia, ..Read More

UAE-based HRtech, Ogram secured a $3M investment from Tanami Capital to fuel its expansion into Saudi Arabia, focusing on retail and hospitality sectors. Founded in 2017 by Karim Kouatly and Shafiq Khartabil, Ogram operates a digital staffing marketplace. Previously, in July 2024, it raised an undisclosed funding round led by Oraseya Capital, Aditum Investment Management, and Everywhere VC.
Read Less

• HRtech

US-based Egyptian fintech MoneyHash raised $5.2 million in pre-Series A funding, led by Flourish Ventures, wit ..Read More

US-based Egyptian fintech MoneyHash raised $5.2 million in pre-Series A funding, led by Flourish Ventures, with participation from Vision Ventures, Arab Bank's Xelerate, Emurgo Kepple Ventures, and others, including Github founder Tom Preston-Werner. Founded in 2020 by Nader Abdelrazik, Mustafa Eid, and Anisha Sekar, MoneyHash offers a payment orchestration platform for enterprise merchants. The funding was directed toward expanding its presence in the MEA region. Earlier in 2024, the company secured $4.5 million in a Seed round co-led by COTU Ventures and Sukna Ventures.
Read Less

• Fintech