
$50M
Fund Launch
- UAE
- December 10, 2024
UAE-based venture capital firm, Iliad Partners announced the launch and first close of its $50 million Iliad P ..Read More
UAE-based venture capital firm, Iliad Partners announced the launch and first close of its $50 million Iliad Partners Tech Ventures Fund I, backed by Jada Fund of Funds (a PIF company), the Olayan Family, and Masarrah Investment Company. The fund targeted early-stage B2B tech startups in the MENA region, with a focus on Saudi Arabia and the UAE, and verticals such as fintech, logistics, and proptech. It made its debut with investments in regional startups OTO, Penny, and Qashio.
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Undisclosed
pre-Seed
- Qatar
- December 09, 2024
Qatar-based e-commerce platform, Hudhudshop closed a six-figure dollar pre-seed funding round from undisclosed ..Read More
Qatar-based e-commerce platform, Hudhudshop closed a six-figure dollar pre-seed funding round from undisclosed investors. The investment aimed to support Hudhudshop’s growth initiatives, enhancing its sales capabilities, integrating advanced technologies, and launching referral and loyalty programs.
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$0.8M
Seed
- Saudi Arabia
- December 09, 2024
Saudi Arabia-based services platform, Abikhdmh raised $800,000 in a seed round, backed by a group of undisclos ..Read More
Saudi Arabia-based services platform, Abikhdmh raised $800,000 in a seed round, backed by a group of undisclosed investors. The funding was intended to enhance the platform's ability to deliver innovative e-transaction services and expand into new areas to meet the growing needs of its users.
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$2.2M
pre-Seed
- MENA
- December 09, 2024
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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$4M
pre-Series A
- Saudi Arabia
- December 09, 2024
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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Undisclosed
Undisclosed
- Tunisia
- December 06, 2024
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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Undisclosed
25% Stake
- UAE
- December 05, 2024
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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Undisclosed
Fund of Funds
- GCC
- December 04, 2024
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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