TechCrunch

MAY 5, 2022

“Similar to many companies in our industry, we continue to face global supply chain and logistics challenges, including Covid-related factory shutdowns in China. The agreement commits Saudi Arabia to provide loans of up to $1.4 billion of cash on hand, which the company says is sufficient to fund operations well into 2023.

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TechCrunch

OCTOBER 7, 2021

The acquisition comes after the company’s latest $175 million Series D round from SoftBank’s Vision Fund 2 in May. Riiid has said it will continue to fuel its global expansion with the funding. . The Japanese remote learning industry was estimated at $2.6 billion in 2020, increasing 22.4%

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TechNode

MAY 30, 2024

On Wednesday, Chinese PC maker Lenovo announced a strategic partnership with Alat, a subsidiary under Saudi Arabia’s Public Investment Fund (PIF) focused on transformative technology investments and sustainable manufacturing, with Alat proposing a $2 billion zero coupon convertible bonds investment in Lenovo.

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TechCrunch

MARCH 8, 2021

As the restaurant industry across different cities was massively hit by the pandemic-induced lockdowns last year, food aggregator platforms helped by driving online customers to them. Founded in 2018 by Hussein Momtaz , Ahmed Said , and Abdullah Al Khalidi , Koinz set out to solve two major problems in Egypt’s food aggregation industry.

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TechCrunch

OCTOBER 19, 2022

Small traditional retailers serve as the backbone of the FMCG industry across Africa. At the same time, Saudi Arabia is appealing due to the government’s drive to digitize the informal sector and the FMCG’s willingness to explore new business models. The asset-heavy MaxAB has raised over $100 million in total.

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TechCrunch

MAY 24, 2021

Today his startup — which builds AI-based personalized learning, including test prep, for students — is announcing a major funding round to help it position itself as a player in that process. Seoul-based Riiid has closed a funding round of $175 million, an equity round coming from a single backer, SoftBank’s Vision Fund 2.

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TechCrunch

AUGUST 10, 2022

Prosperity7, the venture capital arm of Saudi Arabia’s state oil company Aramco, led the new capital infusion. The fund has been actively scouring for opportunities in and around China that can scale globally and particularly in the Middle East. Zhavoronkov himself also invested in the Series D financing.

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TechCrunch

MAY 17, 2021

Being in the parcel delivery industry, Bosta wants to help these companies to grow profitably. The funds will be used for those causes, as well as expanding operations across Africa, MENA and the GCC. This is the main target for us now and also to start operations in Saudi Arabia.”

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TechCrunch

OCTOBER 31, 2021

million in seed funding. The idea behind such a daring move — which appears to be a bit of a stretch considering the timeline — comes from the founders’ ambition to change an industry that has lagged behind other regions in the wider GCC, such as Saudi Arabia and the UAE, in terms of e-commerce penetration.

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TechCrunch

FEBRUARY 17, 2022

In Africa and the Middle East, most companies in the freight industry still use old-fashioned methods such as spreadsheets, phone calls and emails to manage their shipments. CDG Invest, Y Combinator, Flexport, Swiss Founders Fund, Outlierz Ventures, and a few angel investors from the U.S., Europe, Asia, and Africa participated.

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TechCrunch

MARCH 27, 2022

On March 25, PitchBook released its 2021 Annual Fintech Report , which found that the fintech industry raised $121.6 There has been much talk as of late of a slowdown in venture funding. It’s also eyeing Southeast Asia and potentially Saudi Arabia and Africa. Lune offers an API to calculate carbon emissions at checkout.

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TechCrunch

JUNE 6, 2022

“Having worked in the industry for about eight years now, I know that one product can’t solve all mobility needs because our needs are diverse as a populace and even on a per trip basis,” continued Dhanoa. Fenix launches ride-hailing service in Bahrain. Image Credits: Fenix. Image Credit: Fenix.

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The Verge

JULY 9, 2020

Fisker has taken in $50 million of fresh capital from “hedge fund king” Louis Bacon and Karma Automotive has raised $100 million from undisclosed “outside investors.”. Though in the case of Lucid Motors, the startup had to give up majority control to Saudi Arabia. Fisker Inc.

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TechCrunch

JANUARY 18, 2022

This was another blockbuster year for global venture funding, with 2021 breaking records across the board. Beyond being awash in capital, the VC industry has also seen a historic number of exits. Regardless of the macroeconomic challenges ahead, I anticipate startup funding will continue at an accelerated pace this year.

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The Verge

APRIL 28, 2021

While a lot of attention has recently been paid to organizing efforts in tech and media industries, the number of non-government employees who belong to a union has fallen slightly over the last decade. Saudi Arabia-backed Lucid Motors will build its electric luxury sedan at a massive new factory it’s building in Casa Grande, Arizona.

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The Verge

DECEMBER 23, 2020

After Lucid Motors languished in search of the funding required to build its luxury sedan and a factory in Arizona, it ultimately turned to Saudi Arabia — which is now the majority owner. But it makes a little more sense now, when money is flowing into the industry so freely. Turning down money, in this economy?

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TechCrunch

AUGUST 28, 2022

This will include everything from funding rounds to trends to an analysis of a particular space to hot takes on a particular company or phenomenon. Higher interest rates mean far fewer purchases and refinances — and lots of business for fintechs operating in the real estate industry. Fundings and M&A. Image Credits: Twitter.

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The Verge

OCTOBER 7, 2021

Amazon purchased some 26 percent of the 576 million shares Rivian offered during its Series A through F funding rounds (which spanned from February 2019 to January 2021). Amazon has bought 26 percent of Rivian shares sold since its Series A funding round. billion from Amazon, Ford, T. Rowe Price, and Mannheim Investments.

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TechCrunch

APRIL 27, 2023

Funding Societies , the SoftBank Vision Fund II-backed SME digital lending platform, recently launched a shariah-compliant financing product there, and now offers it as the default product to all its Malaysian customers. Meanwhile in Malaysia, where 61.3% out of its 33.6 All losses and profits are shared pro rata, Martin explained.

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Engadget

MARCH 12, 2025

The Saudi Arabia-owned company Scopely has agreed to purchase the division for $3.5 Scopely was founded in Los Angeles but was purchased using money from Saudi Arabia's sovereign wealth fund, otherwise called the Saudi Public Investment Fund (PIF). to name a few.

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Engadget

FEBRUARY 19, 2025

The company raised additional funding at a $9 billion valuation back in 2021. The company also raised funding in 2021 on the promise of creating a real-world metaverse, which has yet to materialize. Niantic also has not been immune to the broad layoffs affecting the games industry.

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TechCrunch

NOVEMBER 9, 2021

The difference is that people and governments are pushing corporations and funds toward net-zero, and this movement is not going away. Every company has some problem with clean to solve. [ … ] It’s a new industrial revolution, and pretty exciting, frankly.” ” The opportunity of a lifetime. .”

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Fast Company Tech

FEBRUARY 26, 2025

Because She Created provides a platform for female creatives in the Arab world who are pioneering new paths in the film industry. As part of the Netflix Fund for Creative Equity, the initiative also offers a onetime grant of $250,000 to support female filmmakers in their creative endeavors.

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Fast Company Tech

APRIL 7, 2025

The measures are more than climate aspirations they will become mandatory for ships operating globally, said IMO Secretary-General Arsenio Dominguez, who thinks the industry must do more to cut carbon pollution. The shipping industry supports a fee, too. based climate change nonprofit, Opportunity Green.

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