USA-based AI business automation platform PLATMA raised $2.2 million in a pre-Seed funding round, securing a v ..Read More

USA-based AI business automation platform PLATMA raised $2.2 million in a pre-Seed funding round, securing a valuation of $20 million. The round was led by Almaz Capital, with participation from Kazakhstan’s EA Group, Uzbekistan’s Aloqa Ventures, and other investors, including Estonia-based Startup Wise Guys, Azerbaijan’s CAUCASUS VC, and venture firms from Kazakhstan, such as Tumar Venture Fund, MOST Ventures, and ACTIVAT VC, along with angel investor Murat Abdrakhmanov. The funding will support PLATMA’s expansion into the MENA market.
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• Information Technology

Saudi Arabia-based edtech AlGooru raised $4 million in a pre-Series A funding round through a combination of d ..Read More

Saudi Arabia-based edtech AlGooru raised $4 million in a pre-Series A funding round through a combination of debt and equity financing. The round was led by Constructor Capital, with participation from Hub71, angel investors, and family offices. The funds were allocated to expanding AlGooru’s operations in KSA, with a focus on offline tutoring, advancing its AI-driven technologies, and entering new verticals through strategic partnerships, which are set to be announced in 2025.
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• Edtech

Tunisia-based fintech, Konnect secured a funding round from Renew Capital for an undisclosed amount. Founded i ..Read More

Tunisia-based fintech, Konnect secured a funding round from Renew Capital for an undisclosed amount. Founded in 2021 by Amin Ben Abderrahman, Konnect specializes in payment links, e-commerce plugins, and APIs tailored for businesses of all sizes. The investment was aimed at supporting Konnect in scaling its operations.
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• Fintech

UAE-based private equity firm Aliph Capital acquired a 25% stake in SANIPEX GROUP, a lifestyle product supplie ..Read More

UAE-based private equity firm Aliph Capital acquired a 25% stake in SANIPEX GROUP, a lifestyle product supplier, for an undisclosed amount. The investment came shortly after Aliph secured backing from Saudi Venture Capital (SVC) for its inaugural fund, Aliph Fund I.
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• Lifestyle and Home Improvement

Saudi Venture Capital (SVC) invested in Aliph Fund I, a growth-focused private equity fund managed by GCC-base ..Read More

Saudi Venture Capital (SVC) invested in Aliph Fund I, a growth-focused private equity fund managed by GCC-based Aliph Capital. The fund targets mid-market companies across Saudi Arabia and the GCC, emphasizing value creation and technology-driven transformation through its active ownership approach.
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• Private Equity

Grintafy, a Saudi Arabia-based sportstech company, secured an undisclosed investment from Adaverse. Founded in ..Read More

Grintafy, a Saudi Arabia-based sportstech company, secured an undisclosed investment from Adaverse. Founded in 2019 by Majdi Allulu, Grintafy is a football talent discovery platform catering to prominent football groups in the Middle East and Europe. The funding will support Grintafy in accelerating its Web3 transformation. This investment followed prior backing from Chiliz in March 2024 and a $2.1 million bridge round in 2022, led by Aramco's venture capital arm, Wa'ed, along with other investors.
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• Sportstech

Saudi-based sports platform Koora Break secured a multi-million-dollar investment from Rio Ferdinand’s sport ..Read More

Saudi-based sports platform Koora Break secured a multi-million-dollar investment from Rio Ferdinand’s sports and entertainment investment firm, The Ferdinand Group (TFG), which acquired a minority stake in the company. The funding will support Koora Break’s expansion into European and Asian markets, offering its sports network services in both Arabic and English.
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• Sports

Morocco-based mobility startup, Enakl raised $1.4 million in a pre-Seed funding round, led by Catalyst Fund, w ..Read More

Morocco-based mobility startup, Enakl raised $1.4 million in a pre-Seed funding round, led by Catalyst Fund, with participation from Renew Capital, Digital Africa, Station F, and 15 business angels. The funds will enable Enakl to strengthen its presence in Casablanca, expand its reach, and accelerate the development of its AI-driven technology to optimize routes for sustainable, collective transport solutions tailored to emerging markets.
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• Transport