Wamda

Saudi Arabia

Western Union buys $200 million stake in STC Pay

Source: Bloomberg Western Union Co. acquired a 15% stake in stc pay, a unit of Saudi Telecom Co. that’s focused on...

Saudi Arabia

Immensa Technology acquires Saudi-based Shakl3D and LayLabs

UAE-based 3D printing solution provider Immensa Technology Labs, has acquired two Saudi Arabia-based companies: Shakl3D and LayLabs. The...

Immensa Technology 3Dprinting

Egypt

Wuilt raises $535,000 seed

Egypt-based software as a service (SaaS) startup Wuilt, has raised a $535,000 seed round from UK-based MENA Technology Fund, DAAL VC along...

SAAS Wuilt Flat6Labs Cairo

Saudi Arabia

Vision Ventures invests in RedBox

Saudi Arabia-based venture capital (VC) firm Vision Ventures has invested in smart locker startup RedBox. The announcement was made earlier...

Vision ventures RedBox smart locker

Saudi Arabia

Jada Fund of Funds company invests in Alpha Capital

Source: Saudi 24 news “Jada” Fund of Funds Company, which is one of the Public Investment Fund companies, has signed a...

Alpha Capital Jada Fund of Funds smes

Saudi Arabia

FOODICS launches micro-lending fund to support SMEs in F&B sector

Saudi Arabia-based food and beverages (F&B) retail and restaurant management platform FOODICS, has officially launched its micro...

Foodics f&b Micro-lending

Saudi Arabia

$20 billion investment target set for Saudi national AI strategy

Source: Carrington Malin The Saudi national AI strategy was announced at the virtual Global AI Summit by Saudi Data and Artificial...

Artificial intelligence Saudi Data and Artificial Intelligence Authority (SDAIA) National Strategy for Data & AI (NSDAI)

Saudi Arabia

Garage raises $260,000

Saudi Arabia-based automotive startup Garage has secured SAR 1 million ($260,000) from angel investors. The soon-to-be-launched startup...

Garage automotive

Pakistan

Retailo raises $2.3 million pre-seed

Saudi Arabia-based e-commerce platform Retailo, has raised $2.3 million in a pre-seed round, led by Shorooq Partners, with participation...

Retailo Shorooq Partners B2B marketplace

Saudi Arabia

Fintech Saudi, Flat6Labs launch fintech accelerator programme

Source: Fintech News Middle East Powered by startup accelerator Flat6Labs, Fintech Saudi is launching its Fintech Accelerator, an...

Flat6Labs Jeddah SAMA Fintech

Global

Saudi's Aramco invests in US-based Data Gumbo

Source: Houston Chronicle Blockchain-based tech startup Data Gumbo scored $4 million in a Series B funding round, drawing a second...

Aramco Blockchain

Regional

GCC-based entities join forces to launch region's first conscious investor fellowship

Source: Arab News King Abdullah University of Science and Technology (KAUST) has partnered with the investment platform VentureSouq,...

KAUST impact entrepreneurship Venture Souq

Saudi Arabia

Igniting innovation to spur Saudi Arabia’s economic growth

BIAC, a subsidiary of the Saudi Technology Development and Investment Company (TAQNIA), wholly owned by the Public Investment Fund (PIF),...

BIAC accelerator

Saudi Arabia

Penny Software raises $1.35 million Seed with participation from Wamda

Saudi Arabia-based Penny Software has raised $1.35 million in a Seed investment round from Wamda, Class 5 Global, Outliers VC, Plug and...

b2b marketplace Penny

Saudi Arabia

Social learning crucial to edtech says Noon Academy founder

The coronavirus lockdown shifted attitudes towards education technology (edtech), accelerating its adoption across the Middle East and...

EdTech Noon Academy

Regional

Saudi’s Falak to invest SAR5 million in 10 startups

Saudi Arabia-based angel accelerator Falak Investment Hub is planning to invest SAR5 million in up to 10 tech startups selected to...

Falak investment hub acceleration

Saudi Arabia

Pi Flow closes first round of funding

Source: Laffaz Saudi Arabia-based Pi Flow, a digital outsourced accounting company has recently closed its first round of funding from a...

Pi Flow SVC MENA

Saudi Arabia

SVC signs investment deal with technology investment fund

Source: Mubasher The Saudi Venture Capital Company (SVC) signed on Monday an investment contract with the venture capital (VC) fund...

Merak Capital SVC

Global

Sanabil Investments invests in US-based Atomwise

Source: Venture Beat Atomwise, a startup using AI to accelerate drug discovery, today secured $123 million in funding. A...

Sanabil Investments Atomwise Artificial intelligence

Global

Hub App raises pre-seed investment

Saudi Arabia-based angel investors have invested in Switzerland-headquartered startup The Hub App’s “six-figure” pre-seed...

the Hub App pre-Seed

Egypt

Glamera raises seed investment

Cairo-based beauty and wellness service booking platform Glamera, has raised a six-figure seed round from Saudi Arabia’s Dual Gate...

Glamera Beauty and Wellness Beauty booking apps

Saudi Arabia

Thobi raises SAR 2.5 million in seed funding

Saudi Arabia-based online retailer Thobi, has raised a SAR2.5 million ($670,000) in a seed round led by ABN Ventures and Abunayyan...

Thobi ABN Ventures Seed funding

Saudi Arabia

Lean raises $3.5 million in seed funding

Riyadh-based financial technology (fintech) startup Lean, has raised a $3.5 million in a seed funding round led by RAED Venture, with...

lean Fintech Open banking

Saudi Arabia

Refd secures investment from OceanX Holding

Saudi Arabia-based Refd, a mobile application that provides services for people of determination, has secured investment from OceanX...

Refd OceanX Investment

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