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

Saudi Arabia-based contech startup, WakeCap, secured $28 million in funding during the Saudi-US Investment For ..Read More

Saudi Arabia-based contech startup, WakeCap, secured $28 million in funding during the Saudi-US Investment Forum to enhance its construction tech offerings. The round aimed to support expansion across Saudi Arabia and international markets, with a focus on safety, productivity, and data analytics. Previously, in April 2022, WakeCap received an undisclosed investment from Wa’ed, Aramco’s entrepreneurship arm.
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• Contech

Saudi Arabia-based healthtech, Kilow, raised $2.5 million in seed funding led by Sanabil Venture Studio, in pa ..Read More

Saudi Arabia-based healthtech, Kilow, raised $2.5 million in seed funding led by Sanabil Venture Studio, in partnership with Stryber. The investment supported the company’s plans to scale its AI-powered personalised weight management platform. Founded in 2024 by Fahed Al-Essa, Kilow also integrated smart health tracking, at-home lab testing, and tailored treatment services as part of its expansion strategy.
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• Healthtech

UAE-based AI company, AqlanX, secured a $10 million investment from Lakeba Group through its AI venture DoxAI, ..Read More

UAE-based AI company, AqlanX, secured a $10 million investment from Lakeba Group through its AI venture DoxAI, under the UAE’s NextGen FDI initiative. The funding aimed to accelerate the localisation and regional scaling of DoxAI’s enterprise automation solutions. Founded in 2025 by Demetrio Russo, AqlanX focuses on Arabic-first AI technologies for business process automation and document management.
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• AI

Egypt-based proptech, Nawy, raised $52 million in a Series A equity round led by Partech, with backing from e& ..Read More

Egypt-based proptech, Nawy, raised $52 million in a Series A equity round led by Partech, with backing from e& Capital, March Capital, VKAV, DPI via Nclude, and others. It also secured $23 million in debt from major Egyptian banks to support its mortgage offering, Nawy Now. The funding was allocated to expand across MENA, upgrade its AI tech stack, and launch new verticals.
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• Proptech

Egypt-based edtech platform, Career 180 secured a six-figure investment from US-based Den VC to support its re ..Read More

Egypt-based edtech platform, Career 180 secured a six-figure investment from US-based Den VC to support its regional expansion. Backed by Value Makers Studio (VMS), the company announced its entry into Saudi Arabia. The funding was aimed at scaling its SaaS-based Learning Management System (LMS), localising Arabic content, and expanding operations across Saudi Arabia, Oman, and Malta to better serve unemployed youth and job seekers.
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• Edtech