Phoenix Venture Partners led the second close of Nabta Health’s ongoing $3 million Pre-Series A. The amount of this close was not disclosed. The deal mixes primary funding for the company with secondary share purchases.
Healthleap raised $38 million, an $8 million seed and a $30 million Series A, to flag hospital patients who may need a closer look. It says more than 50 hospitals use it. The valuation was not disclosed. The main published result is one malnutrition study.
Shorooq and Presight joined Maven Robotics’ $100 million Series A through joint AI and Bedaya funds. The UAE ticket size was not disclosed. Proceeds fund 250 third-generation warehouse robots. Reliability and hours cited are company-reported.
Saudi platform erad closed a $22 million Series A led by MEVP to expand Shariah-compliant corporate financing for SMEs. It cites SAR 500 million deployed and SAR 4 billion in requests. Those figures are company-reported. Valuation was not published.
Dubai’s Amaani raised a $5 million Series A led by BECO Capital for AÏZA’s GCC push. Surge and Homegrown Ventures joined. Total funding is $8 million. A 9x H1 revenue jump is company-reported. Saudi Ulta doors are due at the end of September.
UAE-based Stone Venture led GENISOM AI’s Series B, described as several hundred million yuan, to push industrial robotics from Chinese sites to global yards. Unit counts are company-reported. No GCC customer contract was named with the round.
Paymob closed a $35 million Pre-Series C co-led by Mubadala and EBRD. GCC revenue has risen sevenfold in 18 months and is near half of the group. Total disclosed funding is above $125 million. Valuation was not published.
Saudi fintech barq has closed a USD 329.5 million Series A at a USD 1.85 billion valuation, becoming the Kingdom's newest unicorn after passing 15 million users and SAR 440 billion in funds processed in two years.
UAE-based fintech Fasset has raised 68 million dollars in a Series C led by Japan's SBI Group, hitting a 1 billion dollar valuation and unicorn status. The stablecoin neobanking platform reached the milestone just three months after its Series B.
Reach Capital has closed a 265 million dollar Fund V to back AI founders building to expand human potential across learning, health and work. The thesis runs against the grain, betting AI should serve human flourishing rather than replace workers.