Saudi Arabia-based agritech, Arable successfully closed a $2.55 million (SAR 9.75 million) Seed funding round, ..Read More

Saudi Arabia-based agritech, Arable successfully closed a $2.55 million (SAR 9.75 million) Seed funding round, with 90% of the capital sourced from foreign investors. The round included contributions from institutional and private investors, with the funds directed toward advancing hydroponic farming in Saudi Arabia. Co-founded in 2024 by Lawrence Ong and Christina Khalife, along with Executive Partners Marc and Anthony Eid, Arable develops cost-effective, locally adapted hydroponic farms to support sustainable vegetable production in the desert climate.
Read Less

• Agri-tech

UAE-based AI solutions provider, Teammates.ai, secured an undisclosed funding round from Hustle Fund, Access B ..Read More

UAE-based AI solutions provider, Teammates.ai, secured an undisclosed funding round from Hustle Fund, Access Bridge Ventures, Oraseya Capital, Beyond Capital, and other angel investors. Founded in 2023 as Uktob.ai by Emad Ayyad and Kareem Ayyad, the company rebranded to Teammates.ai as part of a strategic shift to deliver enterprise-grade AI solutions. The funding supported its mission to expand its collection of AI colleagues, capable of handling tasks like customer support and email management in over 50 languages.
Read Less

• AI

UAE-based contech, Opteam, secured an undisclosed pre-Seed funding round led by Plus VC, with participation fr ..Read More

UAE-based contech, Opteam, secured an undisclosed pre-Seed funding round led by Plus VC, with participation from Dar Ventures, SIAC Ventures, and Oraseya Capital. The investment supported Opteam, founded in 2020 by Tarek Hegazy and Ahmed Hegazy, in its mission to empower construction teams with tools for monitoring progress, real-time dashboards, and intelligent schedule optimisation. The funding was allocated to enhance Opteam’s AI capabilities, grow its team, and strengthen its market presence in the UAE and Saudi Arabia.
Read Less

• Contech

UAE-based remittances fintech, Jingle Pay, secured funding from Pakistan-based Bank Alfalah, which acquired a ..Read More

UAE-based remittances fintech, Jingle Pay, secured funding from Pakistan-based Bank Alfalah, which acquired a 9.9% equity stake in the company. Founded in 2019 by Amir Fardghassemi, Jingle Pay enables users to store, spend, and send money to over 160 countries in 99+ currencies, with operations in the UAE, Bahrain, Pakistan, and Egypt. The investment reflected Bank Alfalah's commitment to advancing digital transformation and financial inclusion across key markets.
Read Less

• Fintech

Global Web3 early-stage venture asset manager, Sigma Capital, announced the launch of its $100 million Sigma C ..Read More

Global Web3 early-stage venture asset manager, Sigma Capital, announced the launch of its $100 million Sigma Capital Fund I, dedicated to accelerating Web3 innovation across the Middle East and globally. The fund committed to investing in early-stage Web3 startups, liquid tokens, and fund-of-fund allocations. Sigma Capital, with a presence in Dubai, Singapore, and the Cayman Islands, has established itself as a crypto VC asset manager focused on blockchain and cryptocurrency projects. Led by Web3 pioneer Vineet Budki, the fund aims to leverage global partnerships and extensive market access to drive the success of its portfolio companies.
Read Less

• Asset Manager

Egypt-based fintech, Raseedi, completed the acquisition of Kashat, which owns Pharos Microfinance S.A.E., in a ..Read More

Egypt-based fintech, Raseedi, completed the acquisition of Kashat, which owns Pharos Microfinance S.A.E., in an equity deal aimed at broadening its product offerings and introducing instant loans. Founded in 2018 by Ahmed Atalla and Samuel Samy, Raseedi provides underbanked users with services such as cheaper calls, saving tips, instant Airtime loans, and bill payments without requiring a credit history. Kashat, also founded in 2018 by Karim Nour and Sumair Farooqui, specializes in providing small loans to the financially excluded. Following the acquisition, Raseedi and Kashat announced plans to expand their fully digital solution across Africa and Asia to serve underbanked populations in these regions.
Read Less

• Fintech

Saudi Arabia-based AI-powered networking platform, Halo AI, secured $6 million in Seed funding, led by Raed Ve ..Read More

Saudi Arabia-based AI-powered networking platform, Halo AI, secured $6 million in Seed funding, led by Raed Ventures and Shorooq Partners, alongside other investors. Founded in 2024 by Vito Strokov, Rami Saad, and Alex Gadalin, Halo leverages AI to connect brands with nano- and micro-influencers in niche markets. The funding supported Halo AI's plans for global expansion, starting with Dubai and Kuwait, and scaling rapidly across MENA, Europe, and North America.
Read Less

• AI

Dutch-Palestinian edtech and career acceleration platform, TAP, secured $1 million in investment, led by Inves ..Read More

Dutch-Palestinian edtech and career acceleration platform, TAP, secured $1 million in investment, led by Invest International in the Netherlands, alongside contributions from a group of impact-focused angel investors. Founded in 2018 by Jafar Shunnar and Christian Vezjak, TAP initially focused on creating jobs in Gaza and has since evolved into a scalable tech solution. The funding will support TAP’s operations in Palestine, Jordan, and Lebanon and facilitate the launch of its AI-powered platform aimed at transforming job hunting for high-potential youth.
Read Less

• E-Learning Providers