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

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.

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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

” 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. .’s transition out of the European Union would all but ensure that the new U.K. “But we’re not rushed,” he said.

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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. The company’s LinkedIn profile shows it has over 1,330 employees. It’s been a very busy 18 months for SWVL leading up to this news.

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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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The Verge

NOVEMBER 16, 2021

That never happened, though, and Lucid Motors ultimately treaded water until striking a massive deal with Saudi Arabia, which now owns a majority of the startup. Four years after Ford was reportedly considering buying Lucid Motors, the EV startup is now worth more than the Detroit automaker.

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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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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

APRIL 17, 2023

And while there are plenty of portals offering low-quality freelance consulting services, these are generally unsupervised that would never work for corporates and the public sector. It’s now set to launch in Riyadh, Saudi Arabia and Lagos, Nigeria next month. A YC company Apollo Group is also in this space, roughly speaking.

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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. Once it ensures 18-20% profitability, Servify plans to file for an initial public offering, he said.

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The Verge

OCTOBER 14, 2021

Privacy experts are already worried about how Facebook’s AR glasses allow wearers to covertly record members of the public. We’ve open up the eyes of these AI systems to more than just kitchens in the UK and Sicily, but [to footage from] Saudi Arabia, Tokyo, Los Angeles, and Colombia.”.

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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. . Vezeeta has almost 500 employees, according to its LinkedIn page. . This layoff news is the second coming from an Egypt-born but Dubai-based company in quick succession.

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The Verge

JULY 9, 2020

The money comes at a time when there appears to be renewed interest in funding money-hungry electric vehicle startups, thanks in large part to Tesla’s skyrocketing stock price and the early success of hydrogen trucking company Nikola’s recent public listing. wants to take the same shortcut to being public that Nikola used. Fisker Inc.

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TechCrunch

AUGUST 21, 2023

The Vision Fund has outside limited partners, including the sovereign wealth funds of Saudi Arabia and Abu Dhabi; SoftBank sold that stake in Arm to the Vision Fund in 2017 for $8 billion.) That’s twice the $32 billion SoftBank paid for Arm seven years ago. SoftBank has paid a steep price for marking up its own deals in the past.

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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

Until last September, Tabby, which allows users to shop with flexible payments online and in-store from global brands, including H&M, Adidas, IKEA, noon and Bloomingdale’s, was active in Saudi Arabia, UAE and Kuwait. I would say there have been pullbacks from a demand perspective.

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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. “Our mission is to unleash urban potential and propel communities forward,” said Dhanoa.

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TechNode

FEBRUARY 19, 2024

Shanghai-based WM Motor, founded by former Volvo executive Freeman Shen, filed for a pre-restructuring process last October after failing to go public in Hong Kong via a backdoor listing, Reuters reported. Aiways, which began exporting EVs to Europe as early as 2020, also suspended production last year, the Financial Times reported.

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Beth's Blog: How Nonprofits Can Use Social Media

OCTOBER 16, 2006

extremely effective way for organizations to get messages out to the public, monitor elections, and encourage voter participation.??? election monitoring Macedonia and Kenya; among women voters in Saudi Arabia, and. Mobile phones offer an. Internationally, mobile phones have been used for systematic.

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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

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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TechCrunch

MARCH 27, 2022

It’s also eyeing Southeast Asia and potentially Saudi Arabia and Africa. This article by our own Alex Wilhelm ties into the “is fintech an outlier” narrative from above: Forge’s public debut will pose fresh test to SPAC-led exits. It went public via a SPAC this week and, gasp, actually had an impressive debut.

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TechCrunch

JANUARY 18, 2022

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. Beyond being awash in capital, the VC industry has also seen a historic number of exits.

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TechCrunch

OCTOBER 27, 2022

According to sources, Capiter’s investors wanted to sell the company to Retailio, a similar player based in Saudi Arabia, but the founders refused; they wanted existing investors to inject more capital into Capiter. What ensued after this led to the current spat between founders and 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. In Lucid Motors’ case, it found salvation and the necessary funding by handing over ownership of the company to Saudi Arabia.

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Fast Company Tech

FEBRUARY 21, 2025

Siri Chilazi is a senior researcher at the Women and Public Policy Program at Harvard Kennedy School. Iris Bohnet is a professor of business and government at Harvard Kennedy School and co-director of the Women and Public Policy Program. Whats the big idea? Fairness is not merely a choice; it is a way of moving through the world.

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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 Historically, the wider public would not necessarily know if a tweet had been moderated in this way.

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The Verge

JUNE 25, 2020

Coates argues he’s eligible for these benefits because the Saudi Arabia investment triggered a “Change in Control” clause in his agreement with Lucid Motors because it resulted in “a change in the majority shareholder of the Company,” according to an email from his lawyer to the startup sent last year. The company declined to comment.

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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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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. It spent much of 2017-2018 languishing until Saudi Arabia’s Public Investment Fund came along. As reported by The Verge, the company gave up majority ownership to Saudi Arabia’s sovereign wealth fund in exchange for the $1.3

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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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Engadget

FEBRUARY 19, 2025

Savvy Games Group is part of Saudi Arabias government-linked Public Investment Fund, which has stakes in EA, Activision, Nintendo and more. The following year, it laid off another 230 employees and killed a Marvel-related project. This article originally appeared on Engadget at [link]

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TechCrunch

APRIL 8, 2021

Regional expansion (with an imminent entry into Saudi Arabia this year) is one of Paymob’s objectives following this raise. CEO Shawky says the company has plans to expand into more Sub-Saharan African countries. However , that will come after focusing on the Gulf Cooperation Council (GCC) to gain a large market share.

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Beth's Blog: How Nonprofits Can Use Social Media

MARCH 19, 2012

The program is managed by the Institute of International Education (IIE), and implemented with a coalition of leading new media experts and local and international partners from the public and private sectors. E-Mediat is working with more than 220 NGOs in Jordan, Lebanon, Morocco, Tunisia, and Yemen.

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