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Saudi shopping and BNPL platform Tamara tops $1B valuation in $340M Series C funding

TechCrunch

Tamara, a buy now pay later platform for consumers in Saudi Arabia and the wider GCC region, has raised $340 million in a financing round that values the fintech at $1 billion.

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Lucid Motors goes public, collects $4.5 billion

The Verge

Shares of the Saudi-owned , California-based startup began trading on the Nasdaq stock exchange Monday morning. The public listing is the second in the last week for the industry; fellow EV startup Faraday Future became a public company listed on the Nasdaq last Thursday and raised $1 billion in the process.

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Egyptian ride-sharing company Swvl plans to go public in a $1.5B SPAC merger

TechCrunch

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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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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Lucid is raising prices on its luxury Air EV by as much as 13%

TechCrunch

The company announced Thursday alongside its first-quarter earnings report that it was raising prices of the variants of its luxury Air sedan, beginning June 1. 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.

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

TechCrunch

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. It anticipates raising another $5 million to $10 million in the current round.

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Fisker and Karma raise millions of dollars following wave of Tesla optimism

The Verge

and Karma Automotive, two electric vehicle startups with a long shared history, each announced this week that they’ve raised millions of dollars. 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.”. Fisker Inc. Fisker Inc.

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