The investments, announced at the conclusion of fourth accelerator programme by SANDBOX, envisage each startup receiving $150,000
startup investment
Latest in startup investment
enterprise
SoftBank in talks with Indian startups for next stage of growth and investment
The Tokyo-based investment bank is looking to invest in business-to-consumer (B2C) enterprises and media sectors
Abu Dhabi
Abu Dhabi Hub71 tech start-ups raised $1.2bn in VC funding last year
Abu Dhabi’s Hub71 community expanded by 102% last year
Abu Dhabi Investment Authority
Indian eyewear startup Lenskart raises $500 mn from ADIA
The venture will use the funds to scale its international presence in Asia and the Middle East, besides expanding its retail network in India
Saudi Arabia
Saudi Venture Capital Company raises investment capital to $1.6bn
The fund promotes the startup ecosystem in the country with its pre-seed to pre-IPO investments in funds and co-investment in startups
Entrepreneurs
5 things to consider for MENA founders before attending YCombinator
YC can be great for a startup founder, but it’s not without its pitfalls
Abu Dhabi Investment Authority
ADIA nears $500mn deal to acquire stake in Indian eyewear startup Lenskart
The deal, which would value the Indian eyewear startup Lenskart at more than $4 billion, may be announced as early as this week
fundraising
Middle East startup funding is overheating: It’s time to slow down
The region’s tech and startup ecosystem today is more sober, compared to the feverish market environment as recent as the start of 2022 when the world was coming out of the pandemic
Abu Dhabi
Hub71 companies in Abu Dhabi surpass $1bn in total venture capital raised
The deals are getting bigger and bigger as evidenced by $25 million raised by Axiom and $16.2 million by 44.01 this year
accelerators
Riyadh to host third edition of the Gulf Entrepreneurs Forum on Tuesday
The forum targets GCC entrepreneurs and business incubators and accelerators and financing institutions in the GCC to enable entrepreneurs and owners of SMEs to expand at the regional level
Jordan
Saudi Venture Capital strikes investment deal with Jordan-based Propellers Ventures Fund
The Amman-based fund focuses on investments mainly in software startups in their first stages such as SaaS services, company software and cloud infrastructure
business funding
Early-stage funding for startups – you know it’s important; now learn how to get it
Overheads add up quickly, and a lack of funds can stymie growth. Every Jack Ma and Alibaba had financial backers, and you will need yours
AgTech startups
Revealed: 30 Rising Startups from the Middle East 2022
The Middle East startup sector is heating up, with small businesses innovating rapidly today to solve the problems of tomorrow. In celebration of the innovators and entrepreneurs driving the future, Arabian Business is introducing its 30 Rising Startups of 2022
digital economy
Dubai Future Foundation hosts startups, VCs to explore collaborations in technology
The event offered a platform for startups to meet with investors and explore opportunities for collaboration and growth
business funding
Dubai’s KBW Ventures among investors in $40 million funding in US ice cream startup Eclipse
Serial investor KBW has made investments in the food startups earlier also
business funding
Move over unicorns, it’s the era of the camel
A camel startup can cross the desert on little water, not requiring a constant stream of investment, and keep survival and profitability as their priorities
Abu Dhabi
How startups and SMEs remain ‘key players’ in the UAE’s 50-year transition to a ‘new economy’
SMEs represent 94 percent of the companies and institutions operating in the UAE and contribute more than 50 percent to the country’s GDP