TechCrunch

JULY 28, 2021

Cairo and Dubai-based ride-sharing company Swvl plans to go public in a merger with special purpose acquisition company Queen’s Gambit Growth Capital, Swvl said Tuesday. The trio started the company as a bus-hailing service in Egypt and other ride-sharing services in emerging markets with fragmented public transportation.

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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 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

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The Verge

APRIL 5, 2022

Recently, Saudi Arabia has made some big investments in the gaming industry. Bloomberg reported in February that Saudi Arabia’s Public Investment Fund (PIF) has taken stakes of more than 5 percent in both Capcom and Nexon — stakes that, combined, are worth more than $1 billion.

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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. Lee said the company’s priority had been to work on its threat platform, and less selling it. .’s

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The Verge

SEPTEMBER 9, 2020

It feels as if we already know a lot about this car even though today is its official public debut. The Lucid Air was supposed to go into production in 2018, but the company ran into trouble lining up funding required to build its planned $700 million factory in Arizona. And it will benefit Saudi society.”. 1,080 horsepower.

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TechNode

NOVEMBER 9, 2023

Chinese electric vehicle maker Human Horizons is reportedly in discussions with the Public Investment Fund, Saudi Arabias sovereign wealth fund, to secure at least $250 million at a valuation of $3 billion, according to Bloomberg sources. billion with the six-year-old automaker.

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TechCrunch

MAY 5, 2022

All existing reservation holders will not experience price hikes, the company said, noting that updated pricing for Canada will be made public on June 1. The company also noted that it recently signed a deal in which the government of Saudi Arabia committed to purchase up to 100,000 electric vehicles from Lucid over the next 10 years.

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TechCrunch

MAY 30, 2022

Tech companies, private and public, have faced a reckoning in the past few months with their valuations taking a beating. This March, the company went public via a SPAC merger with U.S. – Provident Fund, Gratuity & Leave encashment other legal payments. women-led blank check company Queen’s Gambit Growth Capital.

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TechCrunch

FEBRUARY 28, 2022

Lucid is also building a new manufacturing facility in the Kingdom of Saudi Arabia that it expects to finish by 2025. The company estimates the Saudi plant could bring in up to $3.4 But the relationship between Lucid Motors and Saudi Arabia goes further back than this recent agreement. to its per-share value.

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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

AUGUST 23, 2022

Servify, a startup that manages lifecycle of devices for several popular smartphone vendors including Apple and Samsung in many markets, has raised $65 million as it eyes becoming a public company in two years. Singularity Growth Opportunity Fund led the Mumbai-headquartered startup’s Series D funding.

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TechCrunch

JUNE 28, 2022

TechCrunch reached out to the Egypt- and Dubai-based company for comment but didn’t get any response at the time of publication. . Like many healthtech startups in the region and globally, Vezeeta benefited from pandemic-induced funding, and before this news, there was no indication that the 10-year-old company needed to cut costs.

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TechCrunch

AUGUST 21, 2023

The outfit didn’t provide a projected share price in its F-1 paperwork, but SoftBank recently bought the 24.99% stake in Arm that it didn’t own outright from its Vision Fund unit, reportedly at a valuation of more than $64 billion. billion into WeWork both directly and via its Vision Fund arm.

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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.

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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.”. wants to take the same shortcut to being public that Nikola used. Though in the case of Lucid Motors, the startup had to give up majority control to Saudi Arabia.

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The Verge

DECEMBER 23, 2020

But, founded by former BMW executives who split from Faraday Future in 2017, Canoo has now accomplished something its forebear long sought: going public. Public offerings, global expansions — these were all goals of startups that faltered. Image: XPeng. Neither company is going to become the apocryphal “Tesla killer” anytime soon.

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TechCrunch

JANUARY 17, 2023

According to a statement shared by the Dubai-based company, the funding will be used to expand Tabby’s product line into a plethora of consumer financial services and support the company’s growing operations that now include Egypt. The fintech has raised more than $410 million in equity and debt since its 2019 launch. .

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TechCrunch

MARCH 27, 2022

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. As usual, there was no shortage of fundings around the world, although I do have to admit, this list feels shorter than in weeks past. billion in half a year’s time.

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TechCrunch

JUNE 6, 2022

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. Otherwise, the company is mainly relying on profits from its core micromobility business to fund these new business lines. Image Credit: Fenix.

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TechCrunch

JANUARY 18, 2022

This was another blockbuster year for global venture funding, with 2021 breaking records across the board. A record number of companies went public in 2021, with many at huge valuations: 238 companies debuted on the public markets last year valued above $1 billion. In 2020, only 61 companies went public at this valuation.

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TechNode

FEBRUARY 19, 2024

Chinese electric vehicle maker Human Horizons will suspend production for at least six months and furlough its employees in an attempt to keep the company going as it looks for new funding, local media has reported. A company representative denied the report, without elaborating, according to Caixin. billion deal.

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TechCrunch

MARCH 22, 2022

In the short term, it’s eyeing Southeast Asia, and potentially Saudi Arabia and Africa. When it raised in September, Jeeves — which describes itself as “an all-in-one corporate card and expense management platform for global startups” — was valued at $500 million.

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The Verge

APRIL 28, 2021

The labor rights movement took an especially public hit earlier this month when a push to unionize an Amazon warehouse in Alabama overwhelmingly failed. 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

MAY 25, 2021

Startups going public makes it much easier to see where the problems are. Ohio-based Lordstown Motors raised nearly $700 million when it went public late last year and has backing from America’s largest automaker, General Motors. California-based Canoo went public in December and has already replaced its leadership team.

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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.

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The Verge

OCTOBER 7, 2021

Plus more details about Ford’s relationship with the buzzy EV startup EV startup Rivian has spent most of its life shrouded in secrecy, but now that it’s going public, that protective veil is lifting. Amazon has bought 26 percent of Rivian shares sold since its Series A funding round. billion from Amazon, Ford, T.

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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).

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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. Harry Potter: Wizards Unite lasted around three years, while NBA All World survived only five months.

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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.

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TechCrunch

AUGUST 11, 2023

This is just my strong, intuitive sense that having a public platform that is maximally trusted and broadly inclusive is extremely important to the future of civilization,” Musk said at a TED conference on the day he made his offer. “I The app even appears to have deleted its web page explaining the “government-funded media” labels.

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TechCrunch

MAY 2, 2022

Micromobbin’ For some bizarre reason, it’s illegal to for people use privately owned e-scooters on public roads in England. If legalized, private scooters will have to meet similar safety specifications as those in the public trials, namely max speeds of 15.5 miles per hour and automatic lights.

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The Verge

FEBRUARY 11, 2021

This appears to be a change from an earlier position when the company said it would not label the personal accounts of heads of state since such accounts already have “widespread name recognition, media attention, and public awareness.”. That doesn’t include news outlets that receive government funding but which have editorial independence.

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Fast Company Tech

APRIL 4, 2025

At North Carolina State University, two students from Saudi Arabia left the U.S. Since returning to Saudi Arabia, Vasto said his former roommate’s top concern is getting into another university. Find AP’s standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org.

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