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.
Read Less

• 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.
Read Less

• 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.
Read Less

• Proptech

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