Saudi Arabia-based AI startup, vminds.ai, closed a six-figure pre-Seed investment round from undisclosed angel ..Read More

Saudi Arabia-based AI startup, vminds.ai, closed a six-figure pre-Seed investment round from undisclosed angel investors. The funding will support the official launch of its platform for individuals and the rollout of its enterprise platform in Q3 2025. Founded by Ahmed Al-Mashhadi, vminds.ai integrates over 150 AI tools from global companies into a single intelligent, self-learning platform.
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• AI

Egypt-based venture capital firm, Foundation Ventures, closed the first round of its $25 million fund, FVFII, ..Read More

Egypt-based venture capital firm, Foundation Ventures, closed the first round of its $25 million fund, FVFII, with backing from the Egyptian American Enterprise Fund (EAEF), the Micro, Small, and Medium Enterprise Development Agency (MSMEDA), and Onsi Sawiris. Founded in 2018, Foundation Ventures focuses on early and growth-stage startups. The fund aims to support Egypt’s startup ecosystem and invest in promising African startups.
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UAE-based fintech, Myne, secured a $2 million pre-seed funding round, led by Scene Holding and followed by Raz ..Read More

UAE-based fintech, Myne, secured a $2 million pre-seed funding round, led by Scene Holding and followed by Raz Holding, with participation from Plus VC, Annex Investments, and other angel investors. Founded in 2024 by Karim Chouman, Myne offers a wealth management platform. The funding will support scaling operations, enhancing technology infrastructure, accelerating user acquisition, and driving regional expansion.
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• Fintech

Tunisia-based fintech, EasyBank, raised $0.37M from undisclosed investors. Founded in 2023 by Mohamed Khelifi, ..Read More

Tunisia-based fintech, EasyBank, raised $0.37M from undisclosed investors. Founded in 2023 by Mohamed Khelifi, EasyBank provides access to loans and banking services. The investment will support the company’s expansion into the Middle East, North Africa, and France, as it scales its operations and enhances its platform.
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• Fintech

Egypt-based CNC machine manufacturer, Simplex, secured $13 million in funding, led by Saudi Arabia-based Natio ..Read More

Egypt-based CNC machine manufacturer, Simplex, secured $13 million in funding, led by Saudi Arabia-based National Industrial Development Centre. Founded in 2013, Simplex provides industrial solutions to regional manufacturers across various industries. The investment will support the establishment of a factory in Riyadh dedicated to producing advanced CNC machines, marking a significant step in the company’s regional expansion and technological advancement.
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• Manufacturing

Saudi Arabia-based e-services platform, Nabeeh, secured an undisclosed investment from Ibtikar Fund. Founded i ..Read More

Saudi Arabia-based e-services platform, Nabeeh, secured an undisclosed investment from Ibtikar Fund. Founded in Palestine in 2021 by Saber Samara and Fawaz Samara, Nabeeh provides on-demand housekeeping, cleaning, maintenance, and renovation services. The funding will support Nabeeh’s plans to expand its user base, grow its B2B client portfolio, and enhance its platform with new features.
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• e-Services

Egypt-based loyalty solutions provider, Dsquares, acquired a majority stake in the B2B SaaS loyalty platform, ..Read More

Egypt-based loyalty solutions provider, Dsquares, acquired a majority stake in the B2B SaaS loyalty platform, Prepit, for an undisclosed amount. Founded in 2012, Dsquares specializes in tailored loyalty programs across multiple industries, while Prepit, founded in 2022, focuses on AI-driven solutions for F&B operations. The acquisition strengthens Dsquares' presence in the Middle East, reinforcing its expertise in key markets like Saudi Arabia, Egypt, and the UAE.
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• SaaS

UAE-based agrifintech, Maalexi, secured a $3 million debt finance facility from Citi to enhance its cross-bord ..Read More

UAE-based agrifintech, Maalexi, secured a $3 million debt finance facility from Citi to enhance its cross-border trade platform for small food and agribusinesses. Founded in 2021 by Azam Pasha and Rohit Majhi, Maalexi aims to expand its sourcing operations with this funding. Previously, in July, the company raised a $1 million venture debt from Stride Ventures to strengthen its technology-enabled supply chain.
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• Agri-tech
• Fintech