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…

UAE-based Web3 streaming platform myco has completed the first closing of its Series A funding of $10 million at a post-money valuation of $80 million. The round was backed by…

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,…

An article by Olena Petrosyuk, the co-founders of Waveup, an advisory firm for startups For a long time, MENA startups were underdogs in the global venture capital arena. Just five…

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…

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…

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…

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…

Singapore-based Gate Ventures, the VC arm of Gate.io, and the Blockchain Centre in Abu Dhabi have launched a $100 million fund to drive Web3 innovation in the coming years.  The…

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…