UK-based automotive intelligence platform, Pinewood.AI, acquired Seez for $46.2 million in cash and shares, wi ..Read More

UK-based automotive intelligence platform, Pinewood.AI, acquired Seez for $46.2 million in cash and shares, with the share component set to increase over the next three years. Founded in the UAE in 2016 by Tarek Kabrit and Andrew Kabrit, Seez provides software solutions for car dealerships and OEMs. Prior to the acquisition, Seez had raised $4.2 million and expanded to 16 markets worldwide.
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• Autotech

UAE-based fintech, Flow48, secured $69 million in a Series A funding round, comprising a mix of debt and equit ..Read More

UAE-based fintech, Flow48, secured $69 million in a Series A funding round, comprising a mix of debt and equity. Led by Breega, the round saw participation from 212, Speedinvest, Daphni, Endeavor Catalyst, Evolution Ventures, and Plus VC. The investment aimed to support Flow48’s expansion in Saudi Arabia and the UAE. Previously, in November 2023, the company raised $25 million in a pre-Series A round.
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• Fintech

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 fintech, Omnispay, secured $1.5 million in a seed funding round led by Mercatus Capital Pte. Ltd., w ..Read More

UAE-based fintech, Omnispay, secured $1.5 million in a seed funding round led by Mercatus Capital Pte. Ltd., with participation from regional and international investors. The investment aimed to support its growth and expansion. Founded in 2022 by Simanta Das, Vimal Kumar, and Praveen Kiran, Omnispay simplifies SME cash flow management through its all-in-one platform for collections, payments, and borrowing.
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• Fintech

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