UAE-based AI startup, MilkStraw AI, secured $0.6M in pre-seed funding led by Flat6Labs, with participation fro ..Read More

UAE-based AI startup, MilkStraw AI, secured $0.6M in pre-seed funding led by Flat6Labs, with participation from Angel Spark, Beyond Capital, and other angel investors. Founded in the US in 2024 by Jawad Shreim, MilkStraw develops software to automate and optimise cloud infrastructure costs for businesses. The funding enabled the startup to advance its expansion plans across the MENA region.
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• AI

Saudi Arabia-based aftersale services provider, Zension Technologies closed a $30 million Series A funding rou ..Read More

Saudi Arabia-based aftersale services provider, Zension Technologies closed a $30 million Series A funding round led by Saudi Aramco’s venture capital arm, Wa’ed Ventures, with participation from Japan’s Sumitomo Corporation and regional investor Global Ventures. Founded in 2018 by Khalid Saiduddin and Nikos Anastasiadis, Zension offers protection, extended warranty, and guaranteed buyback services for mobile devices and consumer electronics through major retailers, telcos, and OEMs in Saudi Arabia and the UAE. The funding supported the development of its new service, Zaam, set to launch in Q1 2025.
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• Information Technology

Nawy, Egypt’s leading proptech platform, completed the acquisition of ROA, a company known for its innovativ ..Read More

Nawy, Egypt’s leading proptech platform, completed the acquisition of ROA, a company known for its innovative property management solutions. This strategic move laid the foundation for the launch of Nawy Unlocked, a service aimed at enabling property owners to generate income from underutilized or unfinished properties with ease.
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• Proptech

Saudi Arabia-based AR/VR experience provider, Vreal secured an undisclosed pre-seed investment round from the ..Read More

Saudi Arabia-based AR/VR experience provider, Vreal secured an undisclosed pre-seed investment round from the numu Angels Investment Community. Founded in 2022, Vreal enables e-commerce businesses to convert products into 3D models within 30 seconds using advanced scanning technology. The company aims to expand its technology's applications to interior design, real estate, tourism, and heritage within Saudi Arabia and beyond.
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• Ecommerce

Saudi Venture Capital (SVC) invested in Global Ventures III, an early-stage venture capital fund managed by Gl ..Read More

Saudi Venture Capital (SVC) invested in Global Ventures III, an early-stage venture capital fund managed by Global Ventures, which has a fund size exceeding $150 million. The investment supported the fund’s focus on targeting tech and tech-enabled sectors across Saudi Arabia, MENA, and Sub-Saharan Africa. The fund prioritised investments in supply chain technology, agritech, enterprise SaaS, and emerging technologies, including AI and deep-tech.
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• Tech-focused
• Venture Capital

Egypt-based agritech ReNile secured $0.45M in investment from undisclosed investors. Founded in 2017 by Hazem ..Read More

Egypt-based agritech ReNile secured $0.45M in investment from undisclosed investors. Founded in 2017 by Hazem Eltawab, ReNile offers a full-stack solution for farmers, including monitoring systems, emergency alerts, control tools, and analytics for best farming practices through its online platform.
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• Agri-tech

Saudi Arabia-headquartered foodtech, Calo raised $25 million in its Series B funding round, led by Nuwa Capita ..Read More

Saudi Arabia-headquartered foodtech, Calo raised $25 million in its Series B funding round, led by Nuwa Capital with participation from STV, Khwarizmi Ventures, and regional family offices. Founded in Bahrain in 2019 by Ahmed Alraw and Moayed Almoayed, Calo provides personalised meal subscriptions for health-conscious customers. The company, which operates across Saudi Arabia, UAE, Bahrain, Qatar, and Kuwait, has raised a total of $26 million to date, with previous backing from Vision Ventures, 500 Startups, Savour Ventures, Nama Ventures, and other angel investors.
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• Foodtech

Saudi Arabia-based edtech, YNMO secured $5 million in investment, led by Wa’ed Ventures, with participation ..Read More

Saudi Arabia-based edtech, YNMO secured $5 million in investment, led by Wa’ed Ventures, with participation from Qatar Development Bank (QDB) and Nour Nouf Ventures. Previously, in 2021, Wa’ed had invested $500,000 in the company. Founded in 2017 by Fahad Al-Nemary, Abdullah Murad, and Faisal Al-Nemary, YNMO specialises in educational and rehabilitative technology, providing data-driven, tailored solutions to empower children of all abilities.
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• Edtech