UAE-based fintech, Pluto raised $4.1 million in a pre-Series A funding round led by Rhino Ventures, Born Capit ..Read More

UAE-based fintech, Pluto raised $4.1 million in a pre-Series A funding round led by Rhino Ventures, Born Capital, Goanna Capital, Evolution VC, Freesearch VC, and Tiferes VC. Founded in 2021 by Mohammed Ridwan, Mohammed Aziz, and Nayeem Zen, Pluto offers spend management solutions using virtual and physical cards. The funding will support its expansion in KSA and strengthen its Pluto Connect product in the GCC market.
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• Fintech

UAE-based HRtech, Ogram secured a $3M investment from Tanami Capital to fuel its expansion into Saudi Arabia, ..Read More

UAE-based HRtech, Ogram secured a $3M investment from Tanami Capital to fuel its expansion into Saudi Arabia, focusing on retail and hospitality sectors. Founded in 2017 by Karim Kouatly and Shafiq Khartabil, Ogram operates a digital staffing marketplace. Previously, in July 2024, it raised an undisclosed funding round led by Oraseya Capital, Aditum Investment Management, and Everywhere VC.
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• HRtech

UAE-based contech, Opteam, secured an undisclosed pre-Seed funding round led by Plus VC, with participation fr ..Read More

UAE-based contech, Opteam, secured an undisclosed pre-Seed funding round led by Plus VC, with participation from Dar Ventures, SIAC Ventures, and Oraseya Capital. The investment supported Opteam, founded in 2020 by Tarek Hegazy and Ahmed Hegazy, in its mission to empower construction teams with tools for monitoring progress, real-time dashboards, and intelligent schedule optimisation. The funding was allocated to enhance Opteam’s AI capabilities, grow its team, and strengthen its market presence in the UAE and Saudi Arabia.
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• Contech

UAE-based AI solutions provider, Teammates.ai, secured an undisclosed funding round from Hustle Fund, Access B ..Read More

UAE-based AI solutions provider, Teammates.ai, secured an undisclosed funding round from Hustle Fund, Access Bridge Ventures, Oraseya Capital, Beyond Capital, and other angel investors. Founded in 2023 as Uktob.ai by Emad Ayyad and Kareem Ayyad, the company rebranded to Teammates.ai as part of a strategic shift to deliver enterprise-grade AI solutions. The funding supported its mission to expand its collection of AI colleagues, capable of handling tasks like customer support and email management in over 50 languages.
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• AI

UAE-based remittances fintech, Jingle Pay, secured funding from Pakistan-based Bank Alfalah, which acquired a ..Read More

UAE-based remittances fintech, Jingle Pay, secured funding from Pakistan-based Bank Alfalah, which acquired a 9.9% equity stake in the company. Founded in 2019 by Amir Fardghassemi, Jingle Pay enables users to store, spend, and send money to over 160 countries in 99+ currencies, with operations in the UAE, Bahrain, Pakistan, and Egypt. The investment reflected Bank Alfalah's commitment to advancing digital transformation and financial inclusion across key markets.
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• Fintech

UAE-based AI startup, MilkStraw AI, secured $0.6M in pre-seed funding led by Flat6Labs, with participation fro ..Read More

UAE-based AI startup, MilkStraw AI, secured $0.6M in pre-seed funding led by Flat6Labs, with participation from Angel Spark, Beyond Capital, and other angel investors. Founded in the US in 2024 by Jawad Shreim, MilkStraw develops software to automate and optimise cloud infrastructure costs for businesses. The funding enabled the startup to advance its expansion plans across the MENA region.
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• AI

Saudi Venture Capital (SVC) invested in Global Ventures III, an early-stage venture capital fund managed by Gl ..Read More

Saudi Venture Capital (SVC) invested in Global Ventures III, an early-stage venture capital fund managed by Global Ventures, which has a fund size exceeding $150 million. The investment supported the fund’s focus on targeting tech and tech-enabled sectors across Saudi Arabia, MENA, and Sub-Saharan Africa. The fund prioritised investments in supply chain technology, agritech, enterprise SaaS, and emerging technologies, including AI and deep-tech.
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• Tech-focused
• Venture Capital

UAE-based refurbished electronics marketplace, Revibe secured $7 million in a Series A funding round co-led by ..Read More

UAE-based refurbished electronics marketplace, Revibe secured $7 million in a Series A funding round co-led by ISAI and Resonance, with participation from Kima Ventures and Edouard Mendy. Founded in 2022 by Abdessamad Benzakour and Hamza Iraqui, the B2C marketplace operates in KSA, UAE, Kuwait, and South Africa. This funding followed the $2.3 million raised in a seed round last year, supporting Revibe’s efforts to expand in emerging markets and enhance its customer care and quality assurance teams.
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• Lifestyle and Home Improvement