Saudi Arabia-based e-services platform, Nabeeh, secured an undisclosed investment from Ibtikar Fund. Founded i ..Read More

Saudi Arabia-based e-services platform, Nabeeh, secured an undisclosed investment from Ibtikar Fund. Founded in Palestine in 2021 by Saber Samara and Fawaz Samara, Nabeeh provides on-demand housekeeping, cleaning, maintenance, and renovation services. The funding will support Nabeeh’s plans to expand its user base, grow its B2B client portfolio, and enhance its platform with new features.
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• e-Services

Egypt-based loyalty solutions provider, Dsquares, acquired a majority stake in the B2B SaaS loyalty platform, ..Read More

Egypt-based loyalty solutions provider, Dsquares, acquired a majority stake in the B2B SaaS loyalty platform, Prepit, for an undisclosed amount. Founded in 2012, Dsquares specializes in tailored loyalty programs across multiple industries, while Prepit, founded in 2022, focuses on AI-driven solutions for F&B operations. The acquisition strengthens Dsquares' presence in the Middle East, reinforcing its expertise in key markets like Saudi Arabia, Egypt, and the UAE.
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• SaaS

UAE-based agrifintech, Maalexi, secured a $3 million debt finance facility from Citi to enhance its cross-bord ..Read More

UAE-based agrifintech, Maalexi, secured a $3 million debt finance facility from Citi to enhance its cross-border trade platform for small food and agribusinesses. Founded in 2021 by Azam Pasha and Rohit Majhi, Maalexi aims to expand its sourcing operations with this funding. Previously, in July, the company raised a $1 million venture debt from Stride Ventures to strengthen its technology-enabled supply chain.
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• Agri-tech
• Fintech

UAE-based proptech, Silkhaus, secured a seven-figure growth round, led by Nuwa Capital and Oraseya Capital, wi ..Read More

UAE-based proptech, Silkhaus, secured a seven-figure growth round, led by Nuwa Capital and Oraseya Capital, with participation from Impulse International, Yuj Ventures, Nordstar, and other family offices. Founded in 2021 by Aahan Bhojani, Silkhaus operates a marketplace for short-term rentals. The investment will drive its expansion into Saudi Arabia. Previously, the company closed a multi-million-dollar pre-Series A round from Partners for Growth (PFG).
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• Proptech

Saudi Arabia-based edtech, UpLevel, secured an undisclosed pre-Seed funding round from a group of angel invest ..Read More

Saudi Arabia-based edtech, UpLevel, secured an undisclosed pre-Seed funding round from a group of angel investors. Founded in 2024 by Idris Alshayea and Hamad AlLuhaidan, UpLevel helps companies enhance employee performance through professional coaching. The investment will support the company’s growth and expansion efforts, enabling it to scale its platform and strengthen its network of experienced coaches.
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• Edtech

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™.
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• 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.
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• 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.
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• Fintech