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.
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• 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.
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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.
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• 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.
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• 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.
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• Fintech

Oman-based SaaS provider, Sampo AI closed its pre-seed funding round, raising $0.75M co-led by Omantel Innovat ..Read More

Oman-based SaaS provider, Sampo AI closed its pre-seed funding round, raising $0.75M co-led by Omantel Innovation Labs and Waad VC, with participation from Hexnture and Saudi angel investors. Founded in July 2024 by Saif Al-Essai and Khalifa Manaa, Sampo AI helps e-commerce businesses optimise pricing strategies. The funding supports its expansion into Saudi Arabia and the UAE.
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• SaaS

Saudi Arabia-based e-services provider, Wilow secured an undisclosed pre-Seed investment round from a group of ..Read More

Saudi Arabia-based e-services provider, Wilow secured an undisclosed pre-Seed investment round from a group of angel investors. Founded in September 2024 by Mohammed Al-Marri and Wijdan Al-Otaibi, Wilow offers a laundry booking service via an intelligent mobile application. The funding was aimed at enhancing its technological infrastructure and expanding its customer base to new regions.
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• e-Services

Saudi Arabia-based proptech Rize secured $35 million in a Series A funding round, comprising a mix of equity a ..Read More

Saudi Arabia-based proptech Rize secured $35 million in a Series A funding round, comprising a mix of equity and debt. The round was led by Raed Ventures, with additional participation from SEEDRA Ventures through its second fund, Aqar Platform, JOA Capital, NAMA Ventures, and HALA Ventures. Founded in 2021 by Ibrahim Balilah and Mohammed AlFraihi, Rize employs a rent-now-pay-later model, enabling tenants to pay rent in flexible monthly instalments. The investment was directed toward accelerating growth and enhancing tech solutions for tenants and property owners.
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• Proptech