Saudi Arabia-based edtech Aanaab completed its Series A funding round, securing $7 million from Dallah Investm ..Read More

Saudi Arabia-based edtech Aanaab completed its Series A funding round, securing $7 million from Dallah Investment Holding. The funds will enable Aanaab to expand its operations, broaden its range of training programs, and upgrade its technological infrastructure through AI.
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• Edtech

Riyadh-based fintech infrastructure provider, Lean Technologies raised $67.5M in a Series B funding round led ..Read More

Riyadh-based fintech infrastructure provider, Lean Technologies raised $67.5M in a Series B funding round led by General Catalyst, marking the firm’s first investment in a Saudi startup. Additional investors included Bain Capital Ventures, Duquesne Family Office, and Arbor Ventures, bringing Lean’s total funding to over $100 million.
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• Fintech

UAE-based SaaS solutions provider, UnifyApps secured $2M in Series A funding, led by Iconiq Growth with partic ..Read More

UAE-based SaaS solutions provider, UnifyApps secured $2M in Series A funding, led by Iconiq Growth with participation from Elevation Capital. This latest investment brings UnifyApps’s total funding to $31 million and will drive its expansion across the Middle East.
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• SaaS

Kuwait-based Arzan Venture Capital invested $M alongside Arzan Financial Group (AFG) to establish Revenya Capi ..Read More

Kuwait-based Arzan Venture Capital invested $M alongside Arzan Financial Group (AFG) to establish Revenya Capital, a Saudi Arabia-based revenue-based financing (RBF) firm. Supported by a credit facility from AFG’s network, Revenya Capital aims to address the demand for non-dilutive financing solutions in the MENA region, focusing on empowering tech startups.
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• Fintech

Saudi Arabia-based BIM Ventures and Japan's SBI Holding have launched BIM Capital, a joint venture focused on ..Read More

Saudi Arabia-based BIM Ventures and Japan's SBI Holding have launched BIM Capital, a joint venture focused on expanding growth opportunities across Saudi Arabia and the Middle East. BIM Capital will invest in private equity, venture capital, debt funds, and real estate development, aiming to attract over $200 million in foreign direct investment (FDI) and achieve assets under management (AUM) exceeding $2 billion.
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• Debt Funds
• Private Equity
• Real Estate
• Venture Capital

Saudi Arabia-based proptech, Ayen acquired Egyptian construction tech platform, Elmawkaa in a SAR seven-figure ..Read More

Saudi Arabia-based proptech, Ayen acquired Egyptian construction tech platform, Elmawkaa in a SAR seven-figure deal. The acquisition will integrate Elmawkaa’s construction materials marketplace into Ayen’s property evaluation platform, enhancing its offerings for real estate clients. This strategic move positions Ayen for expansion into GCC markets, supporting its growth trajectory and broadening its services across private and public sectors.
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• Contech
• Proptech

Beta Lab, a Saudi deep tech fund and studio, launched with $300 million at the 2024 Future Investment Initiati ..Read More

Beta Lab, a Saudi deep tech fund and studio, launched with $300 million at the 2024 Future Investment Initiative. It aims to support startups and foster innovation between the Middle East and Southeast Asia. The fund is backed by the Saudi Ministry of Investment, the Research, Development, and Innovation Authority, HKSTP, and MDI Ventures by Telkom Indonesia.
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• Deeptech

NorthLadder, a UAE-based platform for trading in pre-owned electronics, has raised $10 million in Series B fun ..Read More

NorthLadder, a UAE-based platform for trading in pre-owned electronics, has raised $10 million in Series B funding from stc Group’s Tali Ventures, Dutch Founders Fund, and Crescent Ventures. Founded in 2021 by Mihin Shah and Sandeep Shetty, NorthLadder provides automated assessments and home pickups for device trade-ins. This funding will drive its global expansion and platform development, with recent operations launched in Amsterdam and plans to expand trade-in partnerships across Europe.
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• Electronics