UAE-based men’s wellness app, Better secured a $550,000 pre-seed funding round led by Salica Spring Studiosâ ..Read More

UAE-based men’s wellness app, Better secured a $550,000 pre-seed funding round led by Salica Spring Studios’ fund, with participation from Salica Investments, Al Waha Fund of Funds, and Plus VC (+VC). Operating in the health and wellness industry, the startup planned to use the capital to expand its offerings, including the introduction of customised prescription medications and supplements tailored for men.
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• Healthcare

UAE-based Web 3.0 social network, DeChat raised $1 million in a funding round led by Mindspace Solutions. The ..Read More

UAE-based Web 3.0 social network, DeChat raised $1 million in a funding round led by Mindspace Solutions. The funding was aimed at accelerating DeChat's growth, enhancing its technology infrastructure, and expanding its user base. DeChat operates in the Web 3.0 and social networking industry, developing a decentralized, user-centric communication platform powered by Web 3.0 technologies.
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• Blockchain

UAE-based B2B autotech startup, BuyAnyAutoPart raised $750,000 in pre-seed funding from Galadari Brothers, 6G ..Read More

UAE-based B2B autotech startup, BuyAnyAutoPart raised $750,000 in pre-seed funding from Galadari Brothers, 6G Capital, and other undisclosed investors. The funding was allocated to executing contracts with several multi-brand workshops in the UAE, with plans to expand its services to thousands of small and medium-sized garages nationwide.
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• Autotech

UAE-based fintech Wafeq raised $7.5 million in a Series A funding round. The round was led by 9900 Capital, wi ..Read More

UAE-based fintech Wafeq raised $7.5 million in a Series A funding round. The round was led by 9900 Capital, with participation from Gary Turner, former CEO of Xero’s operations in EMEA, and existing investors Raed Ventures and Wamda Capital. The funds will support Wafeq’s expansion, particularly in Saudi Arabia, where 90% of its business originates, and in the UAE.
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• Fintech

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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• Fintech
• Logistics
• Proptech
• Startups

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

UAE-based gametech startup, Playgama raised $3 million in a funding round led by The Open Platform and s16vc. ..Read More

UAE-based gametech startup, Playgama raised $3 million in a funding round led by The Open Platform and s16vc. The round also saw backing from FJ Labs, The Games Fund, TON Ventures, and Kirill Eves, CEO and Founder of Unlimit. The funds will enable Playgama to enhance its platform for developers, expand its toolkit, and introduce advanced analytics and fintech solutions.
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• Gametech

UAE-based SaaS solutions provider, UnifyApps secured $2M in Series A funding, led by Iconiq Growth with partic ..Read More

UAE-based SaaS solutions provider, UnifyApps secured $2M in Series A funding, led by Iconiq Growth with participation from Elevation Capital. This latest investment brings UnifyApps’s total funding to $31 million and will drive its expansion across the Middle East.
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• SaaS