Kuwait-based Arzan Venture Capital invested $M alongside Arzan Financial Group (AFG) to establish Revenya Capi ..Read More

Kuwait-based Arzan Venture Capital invested $M alongside Arzan Financial Group (AFG) to establish Revenya Capital, a Saudi Arabia-based revenue-based financing (RBF) firm. Supported by a credit facility from AFG’s network, Revenya Capital aims to address the demand for non-dilutive financing solutions in the MENA region, focusing on empowering tech startups.
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• Fintech

Saudi Arabia-based BIM Ventures and Japan's SBI Holding have launched BIM Capital, a joint venture focused on ..Read More

Saudi Arabia-based BIM Ventures and Japan's SBI Holding have launched BIM Capital, a joint venture focused on expanding growth opportunities across Saudi Arabia and the Middle East. BIM Capital will invest in private equity, venture capital, debt funds, and real estate development, aiming to attract over $200 million in foreign direct investment (FDI) and achieve assets under management (AUM) exceeding $2 billion.
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• Debt Funds
• Private Equity
• Real Estate
• Venture Capital

Saudi Arabia-based proptech, Ayen acquired Egyptian construction tech platform, Elmawkaa in a SAR seven-figure ..Read More

Saudi Arabia-based proptech, Ayen acquired Egyptian construction tech platform, Elmawkaa in a SAR seven-figure deal. The acquisition will integrate Elmawkaa’s construction materials marketplace into Ayen’s property evaluation platform, enhancing its offerings for real estate clients. This strategic move positions Ayen for expansion into GCC markets, supporting its growth trajectory and broadening its services across private and public sectors.
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• Contech
• Proptech

Beta Lab, a Saudi deep tech fund and studio, launched with $300 million at the 2024 Future Investment Initiati ..Read More

Beta Lab, a Saudi deep tech fund and studio, launched with $300 million at the 2024 Future Investment Initiative. It aims to support startups and foster innovation between the Middle East and Southeast Asia. The fund is backed by the Saudi Ministry of Investment, the Research, Development, and Innovation Authority, HKSTP, and MDI Ventures by Telkom Indonesia.
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• Deeptech

NorthLadder, a UAE-based platform for trading in pre-owned electronics, has raised $10 million in Series B fun ..Read More

NorthLadder, a UAE-based platform for trading in pre-owned electronics, has raised $10 million in Series B funding from stc Group’s Tali Ventures, Dutch Founders Fund, and Crescent Ventures. Founded in 2021 by Mihin Shah and Sandeep Shetty, NorthLadder provides automated assessments and home pickups for device trade-ins. This funding will drive its global expansion and platform development, with recent operations launched in Amsterdam and plans to expand trade-in partnerships across Europe.
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• Electronics

Morocco-based last-mile delivery startup, Cathedis has secured $0.713M in funding from Fond Capital Venture (F ..Read More

Morocco-based last-mile delivery startup, Cathedis has secured $0.713M in funding from Fond Capital Venture (FCV), the VC arm of BMCE Capital Investments, and Beltone Venture Capital. This investment will support Cathedis in scaling its operations, strengthening its infrastructure, and expanding its market presence domestically and internationally.
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• Logistics

UAE-based Gulf Islamic Investments (GII) has secured an additional $100 million in growth capital to boost pri ..Read More

UAE-based Gulf Islamic Investments (GII) has secured an additional $100 million in growth capital to boost private equity opportunities across Saudi Arabia and the GCC. Investors include the Al Nahdi family office, Sharjah's Shurooq, and existing GII stakeholders. Founded in 2014 by Mohammed Alhassan and Pankaj Gupta, GII is a Shariah-compliant investment firm managing over $4.5 billion in assets.
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• Private Equity

Saudi Arabia-based prop-tech ARKTECH has secured $1 million in a pre-Seed funding round led by Core Vision Inv ..Read More

Saudi Arabia-based prop-tech ARKTECH has secured $1 million in a pre-Seed funding round led by Core Vision Investment. Established in 2023 by Waheed Al Jassas, ARKTECH aims to deliver profitable returns on real estate investments. This funding will bolster ARKTECH's standing as the top utility contract trading platform and enable it to broaden its offerings with cutting-edge, tech-driven investment solutions.
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• Proptech