An article by Mohamed Abdelmotaleb, Vice President and Head of NBA Egypt. Imagine a future where Egyptian athletes consistently dominate the global sporting scene, not just despite limitations but because of a thriving sports technology and AI ecosystem. This isn't just a pipe dream; investing in this sector is not just a matter of national pride…

UAE-based contech Tenderd has closed a $30 million Series A funding round, led by A.P. Moller Holding, along with new investors, including Quadri Ventures and Saurya Prakash, and existing investors, including Wa’ed Ventures, Nakhla Ventures, SOMA Capital, and Liquid 2 Ventures. Founded in 2018 by Arjun Mohan, Tenderd provides customers with AI-generated insights to increase…

The fund will scout tech sectors “agnostically’, while placing strategic interest in climate and energy tech, and AI. Qatar-based venture capital firm Rasmal Ventures has launched a…

Innovative Media Productions, the powerhouse behind Shark Tank Egypt, will provide valuable industry expertise to TPP. The Potcast Productions (TPP) has closed a pre-seed funding round following…

Egypt-based B2B medtech i‘SUPPLY has secured a pre-Series A round, which brings the company’s total funding to $2.5 million since its inception in 2022.  The funding round saw participation from several investment funds, including Disruptech Ventures, OneStop Capital, Axian Investment CVC and Egypt Ventures, among others. Founded in 2022 by Ibrahim Emam, Malek Sultan and Moustafa…

An articke by Stan Klyuy, a Chief Commercial Officer at Tumodo, an online business travel platform. In 2024, the digital transformation of business travel has become our reality, with artficial intelligence (AI) leading the charge in travel management programs, making it more straightforward and efficient. This surge in AI adoption is part of a global trend,…

Saudi Arabia-based edtech Tahdir has closed a pre-Seed funding round of $270,000 from a group of angel investors. Founded by Mohammed Al-Doukhi and Khalil Al-Haid, Tahdir’s platform offers tools to automate daily school and educational management processes, contributing to enhancing the educational experience.  Tahdir claims to have serving 92 schools with more than 30,000 users.…

Users of the Egyptian-founded investment platform traded $1.8 billion in 2023 alone. Thndr, an Egypt-based mobile-first investment platform, has announced its entry into the UAE market. Enabled…

UAE-based proptech Stake has raised $14 million in a Series A funding round, led by MEVP Middle East Venture Partners (MEVP), along with Aramco's Wa'ed Ventures, Mubadala and Republic. Founded in 2021 by Rami Tabbara, Manar Mahmassani, and Ricardo Brizido, Stake is a digital real estate investment platform providing options for income-generating properties in Dubai.  The…

Qatar-based VC firm Rasmal Ventures LLC has launched its first home-grown fund to drive innovation and investment in Qatar and the MENA region. Rasmal Innovation Fund I LLC targets high-performance startups and scales up across a variety of innovative technology sectors, including climatetech, fintech, B2B SaaS and AI. For the initial closing, the fund has…