CPX Holding acquired UAE-based cyber-AI startup, spiderSilk, including its flagship exposure management platfo ..Read More

CPX Holding acquired UAE-based cyber-AI startup, spiderSilk, including its flagship exposure management platform, Resonance. The acquisition combined CPX’s threat detection expertise with spiderSilk’s AI-driven innovations, strengthening its cybersecurity portfolio. Founded in 2019, spiderSilk’s regionally developed solutions are used across public and private sectors. The deal marked a strategic move in CPX’s international expansion, targeting key markets in North America, Saudi Arabia, and the wider GCC.
Read Less

• AI

Egypt-based B2B medtech, iSUPPLY, secured $3 million in Sharia-compliant revenue-based revolving financing fro ..Read More

Egypt-based B2B medtech, iSUPPLY, secured $3 million in Sharia-compliant revenue-based revolving financing from Bokra, the MENA region’s first goal-driven digital investment platform. The funding aimed to scale operations and expand medical supply access across Egypt. Earlier, in June 2024, iSUPPLY raised a pre-Series A round led by Disruptech Ventures, OneStop Capital, Axian Investment CVC, and Egypt Ventures.
Read Less

• Medtech

Tunisia-based fintech, Konnect Networks secured an undisclosed investment round led by Attijariwafa Ventures, ..Read More

Tunisia-based fintech, Konnect Networks secured an undisclosed investment round led by Attijariwafa Ventures, with participation from Utopia Capital Management, 54 Collective, Visa, Plug and Play Tech Center, Renew Capital, Digital Africa Ventures, and Sunny Side Venture Partners. The round aimed to fuel Konnect’s growth and innovation in the fintech sector. Previously, in late 2024, Konnect had also raised funding from Renew Capital.
Read Less

• Fintech

Pakistan-based healthtech, MedIQ, raised $6 million in a Series A round led by Qatar-based Rasmal Ventures and ..Read More

Pakistan-based healthtech, MedIQ, raised $6 million in a Series A round led by Qatar-based Rasmal Ventures and Saudi Arabia-based Joa Capital, with participation from existing investors. The investment aimed to scale operations across Saudi Arabia’s SAR 7.2 billion healthtech market, upgrade the company’s tech stack, and support its expansion into Qatar and other Gulf countries. MedIQ had previously expanded into Saudi Arabia in 2023.
Read Less

• Healthtech

UAE-based logistics startup, Canater raised $1 million from Foras in exchange for 10% equity. The investment a ..Read More

UAE-based logistics startup, Canater raised $1 million from Foras in exchange for 10% equity. The investment aimed to enhance Canater’s digital infrastructure, expand its market presence across sectors, and boost regulatory collaboration. Founded in 2024 by Khamis Soliman, Canater offers AI-powered cross-border trade solutions for MENA manufacturers, including digital contracts, logistics, and real-time shipment tracking.
Read Less

• Logistics

Egypt-based fintech, Money Fellows, raised $13 million in a strategic round co-led by Al Mada Ventures and DPI ..Read More

Egypt-based fintech, Money Fellows, raised $13 million in a strategic round co-led by Al Mada Ventures and DPI Venture Capital via the Nclude Fund, with backing from Partech, CommerzVentures, and others. The funding aimed to enhance its digital platform, expand into North Africa—especially Morocco—and grow its team. This followed a $31 million Series B first close in 2022, led by CommerzVentures and MEVP.
Read Less

• Fintech

Saudi Arabia-based fintech, Nqoodlet, raised $3 million in a seed round led by Waad Investments, with particip ..Read More

Saudi Arabia-based fintech, Nqoodlet, raised $3 million in a seed round led by Waad Investments, with participation from OmanTel, 500 Sanabil Investment, Oqal, Seed Holding, and others. The funding followed a $1 million pre-seed round closed in late 2021. The capital was intended to scale banking infrastructure, introduce open banking features, expand the team, and strengthen partnerships across the SME financial ecosystem in the region.
Read Less

• Fintech

Saudi Arabia-based healthtech startup, Tuba secured $8 million in a pre-seed funding round led by Al-Waalan In ..Read More

Saudi Arabia-based healthtech startup, Tuba secured $8 million in a pre-seed funding round led by Al-Waalan Investment, with participation from angel investors. The investment aimed to support the development of Tuba’s technical infrastructure, operational expansion, and team growth. Founded in 2025 by Fayez Al-Anazi, Tuba uses AI to enhance healthcare management and drive digital transformation across the sector.
Read Less

• Healthtech