Fund, International and Saudi Arabia

Y Combinator, 500 Startups, Plug and Play invest in Odiggo’s $2.2M seed round

TechCrunch

AUGUST 22, 2021

Over 50,000 car owners across three markets — Egypt, the UAE and Saudi Arabia — use Odiggo. CEO Omar said with this new round, Odiggo’s priority will be to attain consistent growth while expanding its team across the UEA, Saudi Arabia and Egypt. The company also works directly with over 300 merchants.

Saudi Arabia

Saudi Arabia Egypt UAE Africa

Japan’s Terra Drone gets $14M lift from Saudi investors

TechCrunch

JANUARY 24, 2023

Terra Drone said today it has raised $14 million in Series C funding from Wa’ed Ventures , the venture capital arm of Saudi Aramco , marking the VC firm’s first investment in Asia. For example, fossil fuel companies in Saudi Arabia will utilize Terra Drone’s technology for inspection services.

Saudi Arabia

Saudi Arabia North America Japan Denmark

Palm.hr raises $5M, embarks on MENA growth

TechCrunch

FEBRUARY 7, 2023

Following this growth, it is planning on expanding to Egypt and the UAE, while doubling down on Saudi Arabia, against the backdrop of $5 million pre-Series A funding it has raised, in a round led by Europe-based VC Speedinvest, which marked its debut into Saudi Arabia, and RAED Ventures, with participation from MENA focused VC firm Wamda Capital. “We

Saudi Arabia

Saudi Arabia Raise UAE Egypt

Webinars

The Everyday Donor: Unlocking Prospecting Segments Through Behavior Analysis

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Sequoia Capital India, STV back Dubai-based BNPL provider tabby in $54M extension round

TechCrunch

MARCH 6, 2022

The BNPL provider has raised $104 million in total Series B funding and plans to use this extension round to expand its consumer product offering and facilitate its international expansion, it said in a statement. Its two main markets are Saudi Arabia and the UAE. What’s your BNPL startup really worth?

Saudi Arabia

Saudi Arabia India UAE Egypt

Dragos raises $110M Series C as demand to secure industrial systems soars

TechCrunch

DECEMBER 8, 2020

The round also saw participation from Saudi Aramco Energy Ventures and Hewlett Packard Enterprise, as well as return investors Allegis Cyber, Canaan Partners, DataTribe, Energy Impact Partners and Schweitzer Engineering Labs. But the country has faced extensive criticism for its human rights record by international rights groups.

Saudi Arabia

Saudi Arabia Industry System Raise

The Lucid Air is a luxury electric sedan with the speed and power to rival Tesla

The Verge

SEPTEMBER 9, 2020

Under direction of the former Tesla Model S lead engineer Peter Rawlinson — then Lucid Motors’ CTO, now its CEO — there is a sense in the automotive world that Lucid has the internal knowledge and technical chops to tease Tesla’s grip as maker of the ultimate electric luxury sedan. And it will benefit Saudi society.”.

Saudi Arabia

Saudi Arabia Classes Arizona Alexa

SoftBank-backed Korean edtech startup Riiid acquires Langoo, expands in Japan

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%

Japan

Japan South Korea Saudi Arabia Vietnam

Singapore-based Volopay accelerates APAC and MENA expansion with $29M Series A

TechCrunch

FEBRUARY 28, 2022

The platform also processes domestic and international bank transfers with low foreign exchange rates and transaction fees. . Volopay has already seen its total payment value increase 98% monthly and its revenue jump 41% since its seed funding round, Shaji noted, although he didn’t provide a baseline.

Singapore

Singapore Saudi Arabia Asia UAE

MaxAB, an Egyptian B2B e-commerce platform for food and grocery supplies, nabs $40M

TechCrunch

OCTOBER 19, 2022

After scaling its B2B grocery delivery across Egypt for over three years, it intends to utilize its network and relationships with local and multinational suppliers and advance full distribution into Morocco, which now accounts for 10% of MaxAB’s business, and entry into Saudi Arabia by the end of 2023.

Saudi Arabia

Saudi Arabia Morocco Egypt Platform

Aramco’s Prosperity7 powers AI drug firm Insilico’s $95M round

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.

Saudi Arabia

Saudi Arabia China New York International

Bosta raises $6.7M to expand e-commerce delivery business across Africa and MENA

TechCrunch

MAY 17, 2021

As co-founder and COO at Lynks, Ezzat was responsible for logistics, international clearance and last-mile delivery. 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.”

Africa

Africa Saudi Arabia Egypt Business

ShipBlu bags $2.4M for its e-commerce and fulfilment service in Egypt

TechCrunch

OCTOBER 31, 2021

million in seed funding. It delivers packages of all kinds for merchants and retailers — ranging from mom and pop stores and social media to fashion retailers who make thousands of shipments and international brands — to customers in Egypt. This YC Summer batch features the largest group of African startups yet.

Egypt

Egypt Service Saudi Arabia UAE

Apple, Samsung partner Servify raises $65 million for its devices after-sales and management platform

TechCrunch

AUGUST 23, 2022

Singularity Growth Opportunity Fund led the Mumbai-headquartered startup’s Series D funding. AmTrust and family offices including Pidilite and existing investors Iron Pillar, Beenext, Blume Ventures and DMI Sparkle Fund also participated in the round. Servify is also looking to deploy the fresh funds to buy smaller firms.

Saudi Arabia

Saudi Arabia Raise Management Platform

Lucid Motors strikes SPAC deal to go public with $24 billion valuation

TechCrunch

FEBRUARY 23, 2021

The combined company, in which Saudi Arabia’s sovereign fund will continue to be the largest shareholder, will have a transaction equity value of $11.75 billion in total funding to Lucid. in the largest deal yet between a blank-check company and an electric vehicle startup. .

Public

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Tunisian edtech startup GOMYCODE raises $8M to expand across Africa and the Middle East

TechCrunch

JUNE 9, 2022

Within this timeline, he interned at several companies in Palo Alto, California. AfricInvest, through its Cathay AfricInvest Innovation Fund (CAIF) and French-based development finance institution Proparco, co-led the early-growth round. Yahya Bouhlel started coding in his early teens. This brings GOMYCODE’s total financing to $8.85

Africa

Africa Tunisia Saudi Arabia South Africa

Meeting the Geeks of Arabia at N2Vlabs Talks in Amman, Jordan

Beth's Blog: How Nonprofits Can Use Social Media

MARCH 19, 2012

E-Mediat is funded by the Middle East Partnership Initiative (MEPI) of the United States Department of State with support and in-kind donations from Microsoft, Cisco and craigslist Charitable Fund. I’ll be sharing blog posts about my experience here. I’m looking out my hotel window at the Dead Sea in Jordan.

Jordan

Jordan Morocco Saudi Arabia Lebanon

Docquity, a community for healthcare professionals, raises $44M Series C

TechCrunch

SEPTEMBER 5, 2022

The Singapore-based company announced today it has raised $44 million in Series C funding led by returning investors Itochu Corporation, which put in $32 million. It has also set up internal compliance and pharma co-vigilance team to ensure privacy and security. Docquity ensures patient privacy through several measures.

United Arab Emirates

United Arab Emirates Professional Saudi Arabia Community

Morocco’s Freterium grabs $4M to scale its freight trucking software across MENA

TechCrunch

FEBRUARY 17, 2022

CDG Invest, Y Combinator, Flexport, Swiss Founders Fund, Outlierz Ventures, and a few angel investors from the U.S., The round makes Freterium one of the most-funded startups in the emerging Moroccan ecosystem. San Fransisco-based investor Partech led the round. Europe, Asia, and Africa participated.

Software

Software Saudi Arabia Africa Egypt

With ride-hail and delivery launch, Fenix wants to be the Bolt of the Middle East

TechCrunch

JUNE 6, 2022

Couriers deliver goods using a combination of Fenix’s shared e-scooters and internal e-mopeds. Aside from Bahrain, Qatar, Turkey and the United Arab Emirates, Fenix also has a presence in Saudi Arabia, specifically with its shared and subscription scooter service. Image Credit: Fenix.

Bahrain

Bahrain United Arab Emirates Saudi Arabia Qatar

Dispute between founders and board leaves Capiter in arrears to employees and creditors

TechCrunch

OCTOBER 27, 2022

The reasons were unclear, as both parties didn’t publicly comment on the situation; however, from various local news outlets, they ranged from mismanagement of funds to failure to report to the board and work out a potential merger, as well as internal disagreements over management methods. Founders versus investors.

Egypt

Egypt Saudi Arabia Mauritius Linkedin

Electric vehicle startups hit speed bumps after raising tons of cash

The Verge

MAY 25, 2021

billion to the sizable war chest it started building when Saudi Arabia pledged some $1.3 Nearly all of these startups have disclosed so-called “material weaknesses” in their internal financial practices in filings with the SEC. When it does go public, the California startup is looking to add $4.4 Fisker Inc.

Raise

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Muslims come into the frame in Southeast Asia’s fintech boom

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.

Indonesia

Indonesia Malaysia Profit Asia

Egypt’s Paymob closes $18.5M Series A to expand payments services across MENA

TechCrunch

APRIL 8, 2021

Other investors include Egyptian investment fund A15 and Dutch development bank FMO. Regional expansion (with an imminent entry into Saudi Arabia this year) is one of Paymob’s objectives following this raise. After its first $54M fund, Algebra Ventures launches $90M fund for startups in Egypt.

Saudi Arabia

Saudi Arabia Egypt Service Kenya

Elon Musk’s Twitter (now X): Everything you need to know, from layoffs to verification

TechCrunch

AUGUST 11, 2023

Twitter removes ‘government-funded’ news labels Twitter has removed “government-funded media” labels on all accounts, from NPR to the Chinese state-affiliated Xinhua News. The app even appears to have deleted its web page explaining the “government-funded media” labels. Payouts have yet to reach creators’ wallets.

Twitter

Twitter API Policy Platform

Korea’s Riiid raises $175M from SoftBank to expand its AI-based learning platform to global markets

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.

Saudi Arabia

Saudi Arabia Learning Global Platform

Netflix is building a global audience by empowering Arab creatives

Fast Company Tech

FEBRUARY 26, 2025

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. Because She Created provides a platform for female creatives in the Arab world who are pioneering new paths in the film industry.

Audience

Audience Global United Arab Emirates Saudi Arabia

Nonprofit Technology

Y Combinator, 500 Startups, Plug and Play invest in Odiggo’s $2.2M seed round

Japan’s Terra Drone gets $14M lift from Saudi investors

Webinars

Trending Sources

Palm.hr raises $5M, embarks on MENA growth

Webinars

Sequoia Capital India, STV back Dubai-based BNPL provider tabby in $54M extension round

Dragos raises $110M Series C as demand to secure industrial systems soars

The Lucid Air is a luxury electric sedan with the speed and power to rival Tesla

SoftBank-backed Korean edtech startup Riiid acquires Langoo, expands in Japan

Singapore-based Volopay accelerates APAC and MENA expansion with $29M Series A

MaxAB, an Egyptian B2B e-commerce platform for food and grocery supplies, nabs $40M

Aramco’s Prosperity7 powers AI drug firm Insilico’s $95M round

Bosta raises $6.7M to expand e-commerce delivery business across Africa and MENA

ShipBlu bags $2.4M for its e-commerce and fulfilment service in Egypt

Apple, Samsung partner Servify raises $65 million for its devices after-sales and management platform

Lucid Motors strikes SPAC deal to go public with $24 billion valuation

Tunisian edtech startup GOMYCODE raises $8M to expand across Africa and the Middle East

Meeting the Geeks of Arabia at N2Vlabs Talks in Amman, Jordan

Docquity, a community for healthcare professionals, raises $44M Series C

Morocco’s Freterium grabs $4M to scale its freight trucking software across MENA

With ride-hail and delivery launch, Fenix wants to be the Bolt of the Middle East

Dispute between founders and board leaves Capiter in arrears to employees and creditors

Electric vehicle startups hit speed bumps after raising tons of cash

Muslims come into the frame in Southeast Asia’s fintech boom

Egypt’s Paymob closes $18.5M Series A to expand payments services across MENA

Elon Musk’s Twitter (now X): Everything you need to know, from layoffs to verification

Korea’s Riiid raises $175M from SoftBank to expand its AI-based learning platform to global markets

Netflix is building a global audience by empowering Arab creatives

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