UAE-based SaaS provider, Journify, secured $4 million in funding, led by Silicon Badia, with participation fro ..Read More

UAE-based SaaS provider, Journify, secured $4 million in funding, led by Silicon Badia, with participation from RZM and other investors. The investment aimed to support the company’s expansion efforts and enhance its customer data solutions. Founded in 2023 by Taoufik El Jamali and Amine Chouki, Journify planned to utilize the funding to grow its customer base and strengthen its market presence.
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• SaaS

UAE-based self-storage provider, The Box, secured $12.5 million in debt financing led by Shorooq. Founded in 2 ..Read More

UAE-based self-storage provider, The Box, secured $12.5 million in debt financing led by Shorooq. Founded in 2007 by Wadih Haddad, The Box offers personal storage, record management, and moving services. The funding supported its expansion and the development of new flagship storage facilities.
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• Storage & Moving Services

UAE-based Dubizzle Group acquired Egypt-based online car marketplace, Hatla2ee, for an undisclosed amount. The ..Read More

UAE-based Dubizzle Group acquired Egypt-based online car marketplace, Hatla2ee, for an undisclosed amount. The acquisition aimed to integrate Dubizzle’s advanced technology and resources into Hatla2ee’s platform. Previously, in May 2024, Dubizzle Group acquired Drive Arabia, a UAE-based automotive media and reviews platform.
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• Autotech

UAE-based fintech, Blum, secured $5 million in a pre-seed and seed funding round led by gumi Cryptos Capital, ..Read More

UAE-based fintech, Blum, secured $5 million in a pre-seed and seed funding round led by gumi Cryptos Capital, Spartan, No Limit Holdings, YZi Labs, and OKX Ventures. The investment enabled Blum to enhance its infrastructure, improve trading functionalities, and expand its operations across multiple blockchain networks.
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• Fintech

UAE-based rewards and loyalty platform, Merit Incentives, raised $28 million in a Series B funding round from ..Read More

UAE-based rewards and loyalty platform, Merit Incentives, raised $28 million in a Series B funding round from Capital Investment, Stride Ventures, Tech Invest Com, and Oryx Fund. Founded in 2016 by Julie Leblan and Thrishan Padayachi, the company provides digital gift cards and engagement solutions across multiple markets. The investment followed its $5 million Series A in 2021 and a $12 million Pre-Series B round in mid-2024.
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• Service

UK-founded, UAE-based insurtech startup, AppliedAI, secured $55 million in a Series A funding round at a pre-i ..Read More

UK-founded, UAE-based insurtech startup, AppliedAI, secured $55 million in a Series A funding round at a pre-investment valuation of $300 million. The round was led by G42, with participation from Palantir, Bessemer Venture Partners, McKinsey, and Accrete Capital. This investment will support AI tool development and team expansion in the U.S. and Europe. Previously, AppliedAI raised $42 million in 2022 from G42 and the Al Maktoum family.
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• Insurance Tech

UAE-based visa-as-a-service platform, VISARUN.AI, secured $700,000 in pre-seed funding from unnamed angel inve ..Read More

UAE-based visa-as-a-service platform, VISARUN.AI, secured $700,000 in pre-seed funding from unnamed angel investors. The investment will support the development of its visa-as-a-service platform, expansion of its sales team, and growth into key markets, including the UAE, Saudi Arabia, Qatar, India, and China. Founded in 2024 by Vladimir Indjikian and Alena Iakina, VISARUN.AI streamlines visa processing, reducing manual labor by up to 70%.
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• Travel-tech

UAE-based AI startup, qeen.ai, closed a $10 million Seed funding round, one of the largest in the MENA region. ..Read More

UAE-based AI startup, qeen.ai, closed a $10 million Seed funding round, one of the largest in the MENA region. The round was led by Prosus Ventures, with participation from Wamda Capital, 10x Founders, and Dara Holdings. This investment brings qeen.ai’s total funding to $12.2 million, following a $2.2 million pre-Seed round in June 2024. The funds will drive platform expansion, team growth, and customer acquisition.
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• AI