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

TechCrunch

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

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

TechCrunch

Cybersecurity firm Dragos has raised $110 million in its Series C, almost triple the amount that it raised two years ago in its last round. ” Another one of those places is Saudi Arabia, one of the world’s largest oil and gas producers, where Dragos has an office and now draws an investment.

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

TechCrunch

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.

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

TechCrunch

The funding is coming at a high-watermark moment for edtech — with the shift to remote learning in the last year of pandemic living highlighting the opportunity to build better tools to serve that market, and a number of startups in the category subsequently raising hundreds of millions of dollars to tackle the opportunity.

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

TechCrunch

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. The company has over 1.1

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

TechCrunch

This investment comes a year after the company raised a $2.5 million round, which takes its total investment raised to $9.2 As co-founder and COO at Lynks, Ezzat was responsible for logistics, international clearance and last-mile delivery. increase from when it raised its previous round, Ezzat stated. China and the U.K.

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

TechCrunch

Last year, MaxAB , the food and grocery B2B e-commerce and distribution platform serving a network of traditional retailers across Egypt and Morocco, raised its $55 million Series A in two tranches ; the latter accompanied its acquisition of the Morocco-based and YC-backed WaysToCap. million orders within this timeframe.