Travis Kalanick’s CloudKitchens has delayed plans to list its Middle East unit despite earlier underwriting talks with major Saudi groups, sources tell TechScoop.
LEAP returns for its fifth edition in 2026 with a sharper focus on founders ready to scale, offering equity free funding, curated access, and a redesigned startup program.
UAE based RegTech startup Qadi has closed a pre seed round led by Incubayt Capital to launch the Middle East’s first sovereign AI regulatory compliance platform, targeting law firms and financial institutions across the GCC.
Hypemasters, the Abu Dhabi based studio behind World War Armies, raised USD 1 million in a round led by Impact46 with participation from GEM Capital to expand its mid-core PvP strategy games and scale regional operations.
Qwacks raises SAR 1.8 million in a pre seed round led by Merak Capital to expand its Saudi-built game-development and live-ops infrastructure for studios across the region.
Paribu acquires a majority stake in CoinMENA at a $240M valuation, expanding its regulated crypto presence across Bahrain and Dubai in one of Türkiye’s largest fintech deals.
Reno raises $4M in a mixed equity and debt round to scale its AI powered renovation platform, launch a real-time design app and expand operations across the GCC.
Byit raised $1.1M from A15, Beltone and angels to scale an agent first brokerage model across the Gulf, expand in Saudi Arabia and deepen partnerships with developers and service providers.