Skip to content Skip to sidebar Skip to footer

Verofax secures $3 million in bridge round

UAE-based Web3 services provider Verofax has raised $3 million in bridge round, led by King Abdullah University for Science and Technology, Plug & Play Tech Center, Navig8 Group, and Trove Capital UK. Other participants included Jawa Brothers Advisory, Alzamil Pedco CVC, and Tracecore CVC. Founded in 2018 by Wassim Merheby and Jamil Zablah, Verofax uses Web3 technologies…

Read more

Kuwaiti proptech Sakan acquires Qatar’s Hapondo

Kuwait-based proptech Sakan has acquired the Qatari company Hapondo for an unknown amount. Founded in 2016 by Abdullah Al-Saleh, Sakan is a real estate marketplace with a presence in Kuwait, Saudi Arabia, Oman, and Bahrain. Meanwhile, Hapondo, founded in 2019 by Ahmad AlKhanji, is a real estate marketing platform that offers a comprehensive map and…

Read more

Mithu secures $500,000 pre-Seed from Adaverse

Saudi Arabia-based loyalty platform aggregator Mithu has raised a $500,000 pre-seed round backed by the Web3 venture builder Adaverse. Founded in early 2024 by Mohsin Qureshi and Asif Ali, Mithu aggregates loyalty programmes into a single, gamified app to increase customer engagement and help businesses in the food and beverage industry. Mithu claims to have…

Read more

Saudi foodtech Yalla Plus closes $2.7 million Seed round

Saudi Arabia-based foodtech Yalla Plus has closed a Seed investment round of $2.7 million, led by Merak Capital, with participation from Khwarizmi Ventures, Isometry Capital, along with regional and international angel investors. Founded in 2022 by Abdullah Alrabeh and Bader Alnasser, Yalla Plus provides an integrated POS system that includes payment management, customer feedback processing,…

Read more

Asas closes $320,000 pre-Seed to propel Resquad AI platform development

Saudi Arabia-based IT services provider Asas Specialised Information Technology has raised $320,000 pre-Seed investment for its flagship product, Resquad AI, led by angel investors. Resquad AI, launched in 2024 by Abdullah Abdulaziz Al-Jafaari, allows software development companies to flexibly share their available developers with each other or with external clients. The investment will enable the…

Read more

Resal garners $9 million investment to accelerate growth within the Kingdom

Saudi Arabia-based e-gifting platform Resal has closed a $9 million Series A round. The round was backed by Derayah Ventures Fund, Al-Wafrah AlThanya Investment Company, Venture Souq FinTech Fund, ADDiriyah Asset Management, Nomad Holdings, Bugshan Investment Group, and several family offices, along with other angel investors. Founded in 2016 by Fouad Alfarhan and Hatem Kameli,…

Read more

KBW Ventures debuts in Egypt by investing in NoorNation

Egypt-based climatetech NoorNation has received an undisclosed investment from KBW Ventures, founded by Saudi Prince Khaled bin Alwaleed. Founded in 2021 by Ragy Ramadan and Mohamed Khaled, NoorNation provides technology-enabled decentralised energy and water infrastructure solutions to the off-grid sector across Egypt and Sub-Saharan Africa. The company’s flagship product, LifeBox, delivers clean energy and safe water…

Read more

the Kick-ass Multipurpose WordPress Theme

© 2025 Kicker. All Rights Reserved.
This Pop-up Is Included in the Theme
Best Choice for Creatives
Purchase Now