Iliad Partners, led by Christos Mastoras and Omar Al-Madhi, has completed the second close of its US$ 50 milli ..Read More

Iliad Partners, led by Christos Mastoras and Omar Al-Madhi, has completed the second close of its US$ 50 million Tech Ventures Fund I with new commitments from Greek banks (Eurobank, National Bank of Greece, Piraeus Bank), advancing its mission to back early-stage B2B startups in MENA and build stronger links between the Gulf and Europe.
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• Venture Capital

UAE’s YAL.ai, a platform aiming to make scam-free digital communication the norm, has secured US$ 12 million ..Read More

UAE’s YAL.ai, a platform aiming to make scam-free digital communication the norm, has secured US$ 12 million in a Series A round from unnamed investors to scale its AI-driven threat detection and secure messaging features.
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• Scam detection AI

UPFRONT has raised US$ 10 million via a mixed debt-equity pre-seed round co-led by Palm Ventures and SABAH.fun ..Read More

UPFRONT has raised US$ 10 million via a mixed debt-equity pre-seed round co-led by Palm Ventures and SABAH.fund to build its financial operating system that provides real-time analytics, automates receivables and payments, and helps SMBs in MENA unlock working capital.
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• Fintech

Aydi, led by Hassan Fayed, has raised US$ 7.5 million in a seed round led by COTU Ventures, Daltex, and Nuwa C ..Read More

Aydi, led by Hassan Fayed, has raised US$ 7.5 million in a seed round led by COTU Ventures, Daltex, and Nuwa Capital to launch its AI agronomy assistant ‘Orth’—a field operating system that gives growers plot-level actionable insights using satellite data, predictive analytics, and conversational AI.
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• Agri-tech

UAE’s Tokinvest, co-founded by Scott Thiel and Matthew Blom, raised US$ 3.2 million in a pre-seed round back ..Read More

UAE’s Tokinvest, co-founded by Scott Thiel and Matthew Blom, raised US$ 3.2 million in a pre-seed round backed by Triliv Holdings and Exponential Science—and secured Dubai’s VARA multi-asset issuance licence—to scale its regulated platform for tokenising real-world assets globally.
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• Digital Assets Marketplace

Climaty AI, founded by Neel Pandya, has raised US$ 2 million in a round led by Turbostart to scale its AI plat ..Read More

Climaty AI, founded by Neel Pandya, has raised US$ 2 million in a round led by Turbostart to scale its AI platform that optimizes marketing campaigns for performance and carbon efficiency across global markets.
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• Climate
• Marketing

Careem has acquired a minority stake in UAE-based digital rental platform Swapp to deepen its mobile-first car ..Read More

Careem has acquired a minority stake in UAE-based digital rental platform Swapp to deepen its mobile-first car rental and subscription offering (embedded in the Careem Everything App), enabling improvements like instant onboarding, one-hour delivery, car swaps, and lease-to-own options.
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• Car rental & subscription

UAE luxury luggage startup Armoir, founded by Martial Dahan, has raised a US$ 500,000 seed round led by Salica ..Read More

UAE luxury luggage startup Armoir, founded by Martial Dahan, has raised a US$ 500,000 seed round led by Salica Oryx Fund (with participation from Plus VC and global angels) to scale its design-forward premium luggage line across MENA and Europe.
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• Luxury