Doha-based logistics startup, ShipBee closed a $235,000 pre-seed round led by Qatar-based GrowthX, with partic ..Read More

Doha-based logistics startup, ShipBee closed a $235,000 pre-seed round led by Qatar-based GrowthX, with participation from two angel investors and $40,000 in founder bootstrapping. The funding valued the company at $1 million. The capital was allocated toward expanding the team, enhancing product development, and supporting regional growth for its AI-powered logistics and international shipping solutions.
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• Logistics

Saudi Arabia-based fintech infrastructure platform, Stitch, raised $10 million in a seed round backed by Arbor ..Read More

Saudi Arabia-based fintech infrastructure platform, Stitch, raised $10 million in a seed round backed by Arbor Ventures, COTU Ventures, Raed Ventures, and Saudi Venture Capital (SVC), along with regional family offices and angel investors. The capital was allocated to fuel Stitch’s expansion across MENA and East Africa, supporting its mission to accelerate the development and deployment of modern financial solutions through its unified API-driven platform.
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• Fintech

UAE-based fintech, Qashio, raised $19.8 million in a mix of equity and non-equity funding, led by existing inv ..Read More

UAE-based fintech, Qashio, raised $19.8 million in a mix of equity and non-equity funding, led by existing investor Rocketship VC, with support from MoreThan Capital, regional banks, and family offices. The funds were allocated to fuel its expansion into Saudi Arabia and enhance its B2B loyalty programme across MENA. In 2022, Qashio had previously secured $10 million in a seed round.
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• Fintech

UAE-based investment holding firm, Tech Universal Ventures (TUV) acquired UAE-based mobile and electronics se ..Read More

UAE-based investment holding firm, Tech Universal Ventures (TUV) acquired UAE-based mobile and electronics servicing brand, FixSquad as part of its strategic expansion across the GCC. The acquisition supported TUV’s vision of building scalable digital infrastructure and services. FixSquad, a mobile and electronics servicing brand, operates under a hybrid consumer–enterprise model and has begun rolling out a regional franchise framework.
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• Electronics

UAE-based investment holding firm, Tech Universal Ventures (TUV) acquired Swedish-based firm ELVA11 to enhance ..Read More

UAE-based investment holding firm, Tech Universal Ventures (TUV) acquired Swedish-based firm ELVA11 to enhance its global reach and technical capabilities. Headquartered in Malmö and Stockholm, ELVA11 is a high-performance AI and software consultancy known for its engineering culture and services in software development, consulting, and digital education.
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• AI

Saudi Arabia-based retail tech startup, BirdEye, raised $586,000 in a pre-seed round from a private tech-focus ..Read More

Saudi Arabia-based retail tech startup, BirdEye, raised $586,000 in a pre-seed round from a private tech-focused fund. The funding, secured shortly after its November 2024 launch, marked a key step in supporting BirdEye’s growth. The capital was aimed at scaling its digital retail platform across the Kingdom and expanding its local team, with a focus on enabling SMEs through streamlined operational tools.
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• Retail

Iraq-based B2B e-commerce startup, Toolmart, secured a seed funding round led by Plus VC and Oasis500, with pa ..Read More

Iraq-based B2B e-commerce startup, Toolmart, secured a seed funding round led by Plus VC and Oasis500, with participation from regional angel investors. The investment marked a key milestone in Toolmart’s journey, enabling the company to expand its team and prepare for entry into new Middle Eastern markets. The funding aimed to strengthen its inventory-light procurement platform designed for large enterprise efficiency.
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• Ecommerce

UAE-based fintech, Gainz closed a 7-figure USD pre-seed round, combining equity and debt, led by Antler MENAP, ..Read More

UAE-based fintech, Gainz closed a 7-figure USD pre-seed round, combining equity and debt, led by Antler MENAP, Lithium Holdings, and Eleventh Invest Inc., with backing from regional high-net-worth investors. The investment reflected strong confidence in Gainz’s founding team and the SME financing opportunity in MENA. The funds were set to support platform scaling, regional growth, and innovation in Shariah-compliant alternative lending.
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• Fintech