US-based VC firm 500 Global launched the 500 MENA L.P. fund to invest in high-growth technology startups acros ..Read More

US-based VC firm 500 Global launched the 500 MENA L.P. fund to invest in high-growth technology startups across the MENA region. The fund is backed by Jada Fund of Funds, Saudi Venture Capital (SVC), and Sanabil Investments. It aims to support startups with proven product-market fit and growth potential, addressing the funding gap faced by MENA founders.
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Global Web3 early-stage venture asset manager, Sigma Capital, announced the launch of its $100 million Sigma C ..Read More

Global Web3 early-stage venture asset manager, Sigma Capital, announced the launch of its $100 million Sigma Capital Fund I, dedicated to accelerating Web3 innovation across the Middle East and globally. The fund committed to investing in early-stage Web3 startups, liquid tokens, and fund-of-fund allocations. Sigma Capital, with a presence in Dubai, Singapore, and the Cayman Islands, has established itself as a crypto VC asset manager focused on blockchain and cryptocurrency projects. Led by Web3 pioneer Vineet Budki, the fund aims to leverage global partnerships and extensive market access to drive the success of its portfolio companies.
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• Asset Manager

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