Rising investor confidence, market stability and growth prospects are to act as major drivers for investments
Funding
Latest in Funding
E-commerce
Locad targets Middle East expansion with new $9 million fundraise
The company’s unique approach to logistics helped it win over 300 consumer brands across Southeast Asia and Australia
FasterCapital
US startup TeaLeaf secures $6mn in funding with backing from UAE’s FasterCapital
The startup provides a platform that would allow businesses to buy and sell tea
electric vehicle
UAE’s FasterCapital launches global funding programme for EV startups
FasterCapital’s Raise Capital programme is set to guide EV startups through their fundraising efforts
Cryptocurrency
Revealed: UAE emerging as hotbed for global hedge funds as funds embrace digital assets in a big way
Most hedge funds are also participating in funding rounds involving promising firms coming up in the sector in the UAE and the region
Funding
Pakistan’s COLABS raises $2mn pre-series funding, eyes Saudi Arabia and MENA expansion
The funding round was led by Shorooq Partners, with participation from Saudi-based Waad Investment
car rental
Car subscription platform Invygo raises $8mn from Saudi Arabia’s STV, existing investors to fuel growth
The latest capital infusion comes at a time when the company is nearing profitability, which is expected by the end of FY 2024
Edtech
Thaw in ‘funding winter’ in UAE as market sees slew of multi-million, double digit investment deals
The trend is expected to continue as regional economies rebound and investors look for opportunities in emerging markets
Debt financing
MENAP fintech Abhi secures $15mn debt financing led by Shorooq Partners, Amplify Growth Partnership
The new funding will allow it to scale its operations and further expand its earned wage access to serve the blue- and white-collar working populations in the country
entrepreneurship
UAE’s FasterCapital announces enhanced fundraising support for startups
From October 14 to 20, startups that apply to the Raise Capital programme will receive priority access to FasterCapital’s investor network
Bond funding
Saudi and UAE lead MENA startup funding with $328m raised in September; top sectors and companies revealed
Saudi and UAE show continued interest in startup funding in MENA region, nearly 97 per cent awarded to male founders
Funding
Decentralised credit intelligence platform Synnax raises $550k from Wintermute and TON Ventures
The new capital will be used for the continued development of Synnax’s flagship credit intelligence protocol and its Telegram mini-app, SynQues
delivery services
Revealed: Saudi Arabia’s hyperlocal retail market poised for $13.5bn surge, driving sector growth by 2030
The Kingdom’s hyperlocal market is predicted to see a number of IPOs as leading players scurry to raise investments to fund their aggressive growth plans
audio podcast
Dubai podcast startup Podeo raises $5.4m in funding round
Dubai podcast startup Podeo raises $5.4m as it eyes slice of emerging $234bn market
Funding
Amplify Growth Partnership launches $100mn debt fund for tech and SMEs in MENAT
It also announced its first financing deal in Saudi Arabia
Funding
UAE Web3 streaming platform myco raises $10m in Series A funding
The company’s live streaming division has secured major rights until 2025, including ICC and PSL Cricket Rights for Pakistan, all major cricketing rights for North America via Willow TV, and rights for the World Squash Federation and Egypt Squash Federation
fintech
Pakistan’s leading fintech PostEx raises $7.3m funding in bid for GCC expansion
The latest funding was led by Conjunction Capital, the technology focused, global venture capital firm