TechCrunch

DECEMBER 4, 2022

The startup has also expanded to Saudi Arabia, where it will be headquartered henceforth, after raising $1.2 million seed funding. This latest round had the participation of Launch Africa VC, 500 Global, Riyadh Angels, Alex Angels, Al Tuwaijri Fund and Saudi angel investor Faisal AlAbdulsalam. seed funding.

Saudi Arabia 99

Saudi Arabia Platform Support Raise 99

TechCrunch

DECEMBER 6, 2021

Tamatem will use the latest funding to amplify its efforts by bringing various games with more popular titles to the Arabic-speaking market. The startup will hire local talents in Saudi Arabia to expand further. The gaming industry is booming in Saudi Arabia, with about 70% of Tamatem’s users, Hammo noted. .

Saudi Arabia 90

Saudi Arabia Raise Jordan Egypt 90

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 86

Saudi Arabia North America Japan Denmark 86

TechCrunch

JANUARY 24, 2023

The United Arabs Emirates (UAE) and Saudi Arabia became the first member states to adopt the treaty in 2018, and its implementation meant that for the first time businesses in these territories were required to file VAT returns periodically. The startup is in the process of seeking approval from the Egyptian Tax Authority too.

Saudi Arabia 87

Saudi Arabia United Arab Emirates UAE Egypt 87

TechCrunch

OCTOBER 12, 2022

Recent research suggests that the e-commerce market in Saudi Arabia, UAE and Egypt account for a combined $21.4 million in seed funding to supercharge its efforts. seed funding by Tage Kene-Okafor originally published on TechCrunch. billion and is projected to grow by more than 50% to $33.3

Saudi Arabia 98

Saudi Arabia UAE Fund Egypt 98

The Verge

FEBRUARY 22, 2021

The California startup, which is majority-owned by Saudi Arabia’s sovereign wealth fund, plans to start shipping its first luxury electric vehicle — the 500-mile range Air sedan — later this year. billion in cash. An electric SUV is slated to follow in 2023. Roughly $2.1 billion of that cash will come from Churchill.

Saudi Arabia 90

Saudi Arabia Public Arizona New York 90

TechCrunch

DECEMBER 5, 2022

OneOrder , Egypt’s supply chain solutions provider for restaurants, has raised $3 million seed funding led by Nclude with participation from A15, and Delivery Hero Ventures. The latest funding brings the total funding raised by the startup to $10.5. We are exploring Saudi Arabia and expanding south into our continent.

Saudi Arabia 96

Saudi Arabia Egypt Fund Africa 96

TechCrunch

AUGUST 9, 2022

Convertedin , an Egyptian startup that operates a marketing operating system for e-commerce brands, has raised $3 million in a seed round led by Saudi Arabia-headquartered Merak Capital. The company, in a statement, said it plans to utilize the funds for strategic hiring and further development of its platform.

Saudi Arabia 104

Saudi Arabia America Raise Offline 104

TechCrunch

AUGUST 23, 2022

Dubai-based Zywa, a neobank for Gen Z, plans to fuel its growth in the United Arabs Emirates (U.A.E), and to kick-start its expansion to Saudi Arabia and Egypt after raising $3 million seed funding at over $30 million (110 million AED) valuation.

Saudi Arabia 98

Saudi Arabia United Arab Emirates UAE Egypt 98

The Verge

JULY 26, 2021

Funding for electric vehicle startups was much harder to come by in 2016 and 2017, though, especially as some of them — like Faraday Future — began collapsing in remarkably public fashion. Lucid Motors then found a savior in Saudi Arabia’s sovereign wealth fund in 2018.

Saudi Arabia 90

Saudi Arabia Public Fund Arizona 90

TechCrunch

DECEMBER 8, 2021

San Francisco-based venture debt fund Partners for Growth funded Opontia’s debt financing. TechCrunch gathered that Opontia has somewhat switched focus on its target market. “Poland is six times the size of Egypt, for example, in terms of e-commerce spend.

Africa 98

Africa Saudi Arabia Europe Poland 98

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 85

Saudi Arabia India UAE Egypt 85

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.

Saudi Arabia 116

Saudi Arabia Foundation Empowerment PDF 116

The Verge

SEPTEMBER 9, 2020

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. It spent much of 2017-2018 languishing until Saudi Arabia’s Public Investment Fund came along. And it will benefit Saudi society.”.

Saudi Arabia 110

Saudi Arabia Classes Arizona Alexa 110

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.

Saudi Arabia 52

Saudi Arabia Fund Report Government 52

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. billion investment in 2018.

Saudi Arabia 98

Saudi Arabia Goal Product Yahoo 98

TechCrunch

DECEMBER 9, 2021

In the latest development, Sympl , an Egyptian fintech founded only five months ago, announced today that it has picked up $6 million in seed funding following a soft launch in October. Saudi Arabia. . “It But in countries such as South Africa and Egypt, there is a newfound surge in demand for such services.

Saudi Arabia 115

Saudi Arabia Egypt Service South Africa 115

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.

Saudi Arabia 52

Saudi Arabia Proposal Director Africa 52

TechCrunch

NOVEMBER 15, 2021

million in seed funding at a valuation of $50 million. This suite of services is essential in the primary markets in which Nomod is aiming to build a significant merchant base, like Saudi Arabia, the UAE and Bangladesh. The company has raised $3.4 In the UAE, it can take nearly six months to set up a business bank account.

Saudi Arabia 95

Saudi Arabia UAE South Africa Bangladesh 95

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 96

Saudi Arabia Morocco Platform Egypt 96

TechCrunch

JULY 28, 2021

After its Egypt launch, Swvl expanded to Kenya, Pakistan, Jordan and Saudi Arabia. This is pocket-friendly for residents in these markets compared to single-rider options and helps reduce emissions (Swvl claims it has prevented over 240 million pounds of carbon emission since inception).

Saudi Arabia 99

Saudi Arabia Public Egypt Companies 99

TechNode

DECEMBER 18, 2023

billion capital injection, as the Abu Dhabi-controlled fund raised its bet on the Chinese electric vehicle maker following a $1.1 Saudi Arabias Ministry of Investment is set to invest $5.6 NIO said on Monday that it had signed a share subscription agreement with CYVN Holdings for a $2.2 billion investment in July.

United Arab Emirates 52

United Arab Emirates Saudi Arabia Fund Government 52

TechCrunch

MAY 17, 2021

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.” In the next two years, Bosta plans to deliver more than 15 million parcels in Egypt and serve over 20,000 businesses.

Africa 99

Africa Saudi Arabia Egypt Business 99

TechCrunch

FEBRUARY 28, 2022

Since Volopay has entered the Singaporean and Australian markets, the startup now eyes the entire APAC region and MENA countries such as UAE, Saudi Arabia and Egypt, Rajith said in an interview, adding that the growth prospects in those countries are immense. .

Singapore 91

Singapore Saudi Arabia Asia UAE 91

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.

Egypt 119

Egypt Service Saudi Arabia UAE 119

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 75

Saudi Arabia China New York International 75

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 99

Public Saudi Arabia North America Arizona 99

TechCrunch

MARCH 8, 2021

Since launching in Egypt, Koinz has expanded to Saudi Arabia and the UAE. African-focused VC 4DX Ventures and strategic angel investors from Egypt, Turkey and Saudi Arabia participated as well. These consumers have redeemed almost 300,000 rewards, while almost 800,000 customers have left reviews.

Saudi Arabia 98

Saudi Arabia Egypt Platform Aggregator 98

TechCrunch

JUNE 28, 2022

The last time we covered Vezeeta was in 2020, when it raised $40 million in Series D funding (the joint largest single healthtech round in Africa alongside Reliance Health ) from Gulf Capital and Saudi Technology Ventures (STV).

Saudi Arabia 82

Saudi Arabia Egypt Africa Personal 82

TechCrunch

JULY 22, 2021

The new funds follow a period of significant growth for the mobile tool, which is now used by more than 500,000 people per month and has achieved a $4 million-plus annual run rate in a year’s time. Others hail from Russia, Saudi Arabia, Brazil and parts of Europe, Lesun says. Image Credits: VOCHI.

Belarus 99

Belarus Video Saudi Arabia Raise 99

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.

Saudi Arabia 75

Saudi Arabia Files Companies License 75

TechCrunch

FEBRUARY 6, 2023

million seed funding it has raised from 500 Global, P1 Ventures, Launch Africa, and Middle East VCs Seedra Ventures, Arzan Ventures, Propeller, Core Vision, as well as a number of regional investors. to give us access to Europe, and Saudi Arabia for the GCC region,” said Khairy. “We Gameball’s expansion drive is backed by a $3.5

Platform 94

Platform Saudi Arabia Raise Philippines 94

TechCrunch

JUNE 9, 2022

AfricInvest, through its Cathay AfricInvest Innovation Fund (CAIF) and French-based development finance institution Proparco, co-led the early-growth round. The startup hopes that the Series A funding will drive its presence in 12 countries, including South Africa, Kenya, Ghana and Saudi Arabia.

Africa 98

Africa Tunisia Saudi Arabia South Africa 98

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. N2VLabs provides support for the best of the best Arabia geeks who have a promising technology idea or social platform.

Jordan 129

Jordan Morocco Saudi Arabia Lebanon 129

TechNode

FEBRUARY 5, 2024

The Shanghai-headquartered company in June signed a letter of intent with Saudi Arabias Ministry of Investment for setting up a joint venture to make EVs in the Gulf country as part of a $5.6 billion deal. Caixin, in Chinese ]

Saudi Arabia 52

Saudi Arabia Job Report Knowledge 52

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. Docquity was created to help doctors collaborate in the same way, at scale, even if they live in different countries.

United Arab Emirates 76

United Arab Emirates Professional Saudi Arabia Philippines 76

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 80

Software Saudi Arabia Africa Egypt 80