Saudi Arabia-based spacetech, SARsatX raised $2.6 million in a Seed round led by TONOMUS, with participation f ..Read More

Saudi Arabia-based spacetech, SARsatX raised $2.6 million in a Seed round led by TONOMUS, with participation from Wa’ed Ventures, Access Bridge Ventures, and KAUST Innovation Ventures. The capital was directed toward advancing SARsatX’s satellite technology and scaling deployment. The startup, spun out of KAUST’s TAQADAM Accelerator, focuses on Earth Observation solutions using Synthetic Aperture Radar.
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• Spacetech

Egypt-based fintech, ElGameya secured a 7-figure USD investment round led by AYADY for Investment and Developm ..Read More

Egypt-based fintech, ElGameya secured a 7-figure USD investment round led by AYADY for Investment and Development, with participation from Jedar Capital, Cubit Ventures, Ventures Notes, P-Maestro, and various angel investors. The capital was allocated to scale the company’s reach and enhance product innovation. Previously, ElGameya raised a six-figure pre-seed round in 2020 led by AUC Angels, alongside Cairo Angels and Alex Angels.
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• Fintech

Saudi Arabia-based e-commerce app, Ziadah closed a seed funding round from an undisclosed angel investor. The ..Read More

Saudi Arabia-based e-commerce app, Ziadah closed a seed funding round from an undisclosed angel investor. The capital was used to enhance its customer engagement tools and support the platform’s expansion to more merchants across the region.
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• Ecommerce

US-based NaaS platform, Graphiant received $19M in Series B extension round from Aramco’s Wa’ed Ventures a ..Read More

US-based NaaS platform, Graphiant received $19M in Series B extension round from Aramco’s Wa’ed Ventures and stc Group’s Tali Ventures, as part of a larger $102 million Series B round. Other investors included Sequoia Capital, Two Bear Capital, and IAG Capital Partners. The investment supported Graphiant’s plans to establish a regional headquarters in Riyadh, aligning with Saudi Arabia’s push to attract emerging technology players.
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• NaaS

Cairo-based investment platform, Thndr raised $15.7 million in a funding round led by Prosus, with participati ..Read More

Cairo-based investment platform, Thndr raised $15.7 million in a funding round led by Prosus, with participation from Y Combinator, BECO Capital, Endeavor Catalyst, JIMCO, Raba, and Onsi Sawiris, bringing its total funding to $37.76 million. The capital was earmarked to drive Thndr’s regional expansion, particularly into the UAE and Saudi Arabia, following its licensing and service rollout in the UAE via ADGM’s FSRA.
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• Fintech

UAE-based immersive media platform, VUZ secured $12 million in a pre-Series C round, with the International Fi ..Read More

UAE-based immersive media platform, VUZ secured $12 million in a pre-Series C round, with the International Finance Corporation (IFC) joining as a strategic investor. Al Jazira Capital, Crosswork VC Success Fund, existing investors, and Saudi family offices also participated. This brought VUZ’s total funding to over $35 million, following its $20 million Series B round closed in October 2022. The capital supported global expansion and AI-powered streaming advancements.
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• Media & Entertainment

EFG Finance, part of EFG Holding, approved the acquisition of its B2B platform Fatura by MaxAB-Wasoko, becomin ..Read More

EFG Finance, part of EFG Holding, approved the acquisition of its B2B platform Fatura by MaxAB-Wasoko, becoming a major shareholder in the combined entity and securing a board seat. The deal strengthened EFG’s fintech footprint across Africa. Fatura’s integration expanded MaxAB’s retail network, enhancing product variety, logistics, and embedded financing, while contributing significantly to Egypt’s revenue and supporting the group’s broader pan-African growth strategy.
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• Fintech

US-based AI infrastructure startup, TensorWave, raised $100 million in a funding round led by Magnetar and AMD ..Read More

US-based AI infrastructure startup, TensorWave, raised $100 million in a funding round led by Magnetar and AMD Ventures, with participation from Maverick Silicon, Nexus Venture Partners, and Prosperity7. This brought its total funding to $146.7 million. The capital was allocated to expand GPU clusters, scale operations, and grow the team beyond 100 employees, supporting the company’s trajectory toward $100 million in run-rate revenue by end-2025.
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• AI
• Infrastructure