Saudi-Arabia based fintech TechMal has raised $1 million in a pre-Seed investment round, led by Al Majidiya Investment Company alongside other investors. Founded in 2024 by Saud Al-Rebdi and Basil Alsuhaibani, TechMal operates as a micro-consumer finance company. Inc. Arabia TechMal, a Saudi startup focusing on residential real estate rental financing, has raised SAR…

Gaza Sky Geeks, a programme of Mercy Corps, launched an impact report on the Palestinian tech ecosystem “The Impact of Gaza Crisis on The Palestinian Tech Ecosystem.” Before the crisis that has been aggressively unfolding since the events on October 7th, Palestine was home to a tech ecosystem in bloom. Housing thousands of specialist outsourcing…

The first patch of the Saudipruneur programme has graduated, where 50 entrepreneurs competing and eight projects made it to the finals. This programme is the result of a collaboration between EYouth and VMS Startup Studio. The three-month programme aims to discover Saudi talents in the entrepreneurial world, train Saudi youth on the skills and principles of…

Egypt-headquartered fintech Dopay has closed a $13.5 million Series A extension round, topping up a previous $18 million Series A round raised in 2021. The new round is led by Argentem Creek Partners with participation from existing investors. Founded in 2014 by Frans van Eersel and Ahmed Nassef, Dopay, which is part of Hub71, offers…

UAE-based Majarra, An Arabic digital content provider, has acquired the UAE-based NLP technology provider, Lableb, for an undisclosed amount.  Founded in 2004 by Abdulsalam Haykal, Majarra is a mediatech company that provides Arabic content through the Majarra App. With a vast library of over 50,000 articles, videos, and audio content. Meanwhile, Lableb, founded in 2017…

MENA based Technology distribution house, Muller & Phipps Middle East Group has acquired The UAE-based gaming and esports agency, Power League Gaming, for an undisclosed value. The acquisition will see Muller & Phipps inject investment into the business for scaling Dubai operations and expansion into Saudi Arabia in Q4 of 2024.  Muller & Phipps Middle…

UAE-based Web3-focused startup Sentient Labs has raised a $85 million Seed investment round, co-led by Pantera Capital, and Framework Ventures, joined by Arrington Capital, Canonical, Dao5, among other investors. Founded in January 2024 by Sandeep Nailwal, Pramod Viswanath and Himanshu Tyagi, Sentient Labs is a blockchain-based AI startup that aims to democratise AI development, ensuring…

UAE-based tokenisation platform Tokinvest has raised $500,000 in pre-Seed funding from several investors, including Michael Ourabah, CEO of BSO. Founded in 2024 by Scott Thiel and Matthew Blom, Tokinvest creates virtual tokens representing rights to assets to be offered through its marketplace that connects real-world asset issuers with investors globally. The funds will be used…

UAE-based IT solutions provider Swyt has concluded an undisclosed Seed round. Founded in 2022 by Edouard Bouvet, Swyt offers an all-in-one platform to simplify and secure IT operations for businesses. This seed funding will propel Swyt's mission to accelerate research and development efforts on their platform and expand its presence throughout the Gulf region. …

Oman-based climatetech 44.01 has closed a $37 million Series A funding round, led by Equinor Ventures with Shorooq Partners, as well as Air Liquide Venture Capital (ALIAD), Alumni Ventures among other investors. Founded in 2020 by Talal Hassan, Ehab Tasfai and Karan Khimji, 44.01 eliminates CO2 by turning it into rock. The funding will enable…