Bahrain-based social commerce startup, Sellou raised a seed funding round at a $3 million valuation. The round ..Read More

Bahrain-based social commerce startup, Sellou raised a seed funding round at a $3 million valuation. The round, with an undisclosed value, aimed to support the company’s growth plans. Founded in 2020 by Salman Al Khalifa, Sellou planned to utilise the funds to enhance its video-first commerce platform and expand its presence across the Middle East and North Africa.
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• Ecommerce

Egypt-based semiconductor startup, InfiniLink raised $10 million in a seed funding round from MediaTek, Sukna ..Read More

Egypt-based semiconductor startup, InfiniLink raised $10 million in a seed funding round from MediaTek, Sukna Ventures, Egypt Ventures, and M Empire Angels. Founded in 2022 by Ahmed Aboul-Ella and Botros George, the startup focuses on optical data connectivity chips for AI-driven data centres. The investment aimed to accelerate InfiniLink’s development of advanced connectivity solutions leveraging analogue mixed-signal and photonics expertise.
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• Technology

UAE-based AI startup, Lumi AI, closed a $3.7 million seed funding round, led by AgFunder, with participation f ..Read More

UAE-based AI startup, Lumi AI, closed a $3.7 million seed funding round, led by AgFunder, with participation from Forum Ventures, ADQ, Qora71 syndicate, and other angel investors. Earlier, in August 2023, Lumi secured its first round of funding from Forum Ventures, Annex Investments, and strategic angels.
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• AI

UAE-based healthtech, Valeo Health, raised $12 million in its Series B round, bringing its total funding to $2 ..Read More

UAE-based healthtech, Valeo Health, raised $12 million in its Series B round, bringing its total funding to $20 million. The round was led by Flintera, with participation from Nuwa Capital, FJ Labs, Oryx, Mindshift Capital, Oraseya, and Eirad.
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• Healthtech

UAE-based streaming platform OSN+ raised $57 million from Warner Bros Discovery for an approximate 30% equity ..Read More

UAE-based streaming platform OSN+ raised $57 million from Warner Bros Discovery for an approximate 30% equity stake. The investment aims to enhance locally produced content and attract regional viewers. Additionally, in December, OSN Group invested $55 million in Lebanon-founded music streaming app Anghami Inc., further expanding its footprint in the regional entertainment sector.
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• Media & Entertainment

Saudi Arabia-based fintech, Arabian Pay, secured an undisclosed investment in its Pre-Seed round from Al Bassa ..Read More

Saudi Arabia-based fintech, Arabian Pay, secured an undisclosed investment in its Pre-Seed round from Al Bassami Holding Group. The funding will help enhance its market presence, accelerate platform development, and expand partnerships.
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• Fintech

Saudi Arabia-based fintech Nayla Finance secured $4 million in seed funding, led by Sanabil Venture Studio by ..Read More

Saudi Arabia-based fintech Nayla Finance secured $4 million in seed funding, led by Sanabil Venture Studio by Stryber. The investment will support product and business expansion, strengthen Nayla’s loan book, and provide capital to micro-businesses across Saudi Arabia.
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• Fintech

UAE-based fintech enza secured a $6.75 million seed equity round, co-led by Algebra Ventures and Quona Capital ..Read More

UAE-based fintech enza secured a $6.75 million seed equity round, co-led by Algebra Ventures and Quona Capital. The funding will help enza strengthen its presence across key markets in Africa, building on its existing footprint in Egypt, Nigeria, and South Africa.
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• Fintech