Doha-based logistics startup, ShipBee closed a $235,000 pre-seed round led by Qatar-based GrowthX, with partic ..Read More

Doha-based logistics startup, ShipBee closed a $235,000 pre-seed round led by Qatar-based GrowthX, with participation from two angel investors and $40,000 in founder bootstrapping. The funding valued the company at $1 million. The capital was allocated toward expanding the team, enhancing product development, and supporting regional growth for its AI-powered logistics and international shipping solutions.
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• Logistics

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.
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• Healthtech

Qatar-based VC firm, Rasmal Ventures, secured funding from Qatar Investment Authority (QIA) under its $1 billi ..Read More

Qatar-based VC firm, Rasmal Ventures, secured funding from Qatar Investment Authority (QIA) under its $1 billion Fund of Funds program. The investment backed Rasmal’s inaugural VC fund, Rasmal Innovation Fund I LLC, targeting high-growth startups across fintech, B2B SaaS, healthtech, and AI. In June 2024, Rasmal launched the fund with $30 million from institutional investors and family offices, aiming for a $100 million close.
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• Venture Capital

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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• Ecommerce

Qatar-based delivery platform, Pass has garnered $2.7 million in a pre-Series A funding round from undisclosed ..Read More

Qatar-based delivery platform, Pass has garnered $2.7 million in a pre-Series A funding round from undisclosed backers. Initially launched by UK-based Peyk in 2020 and later acquired by Qatari entrepreneur Bashar Jaber in 2023, Pass offers swift and dependable delivery solutions. This new funding will support Pass’s growth into markets such as Egypt and Saudi Arabia, as well as drive the development of additional offerings to bolster its market foothold.
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• Delivery