Funding & VC

Abu Dhabi’s $100M Presight–Shorooq fund accelerates frontier AI investments

The $100 million Presight–Shorooq AI Fund has backed five frontier artificial intelligence companies in its first quarter, underscoring rising institutional capital flows into advanced AI infrastructure and applications across global markets.

King Saud University enters the startup game with Riyadh Valley

King Saud University's investment arm has partnered with SparkLabs to establish a venture fund and four-month accelerator program launching in April. The move marks a significant shift in how major Gulf research institutions approach commercialization of academic research and represents a direct challenge to private venture firms dominating early-stage funding in Saudi Arabia.

UAE Fresh Commerce Startup QuicKart Raises 1.5 Million Dollars

Dubai-based QuicKart secures $1.5M seed funding led by Orbit Ventures to expand its farm-to-home fresh produce delivery across the UAE.

Singapore's Ascentium acquires UAE corporate services provider Clara

Singapore-based business services platform Ascentium has acquired Clara, a UAE-based regtech and corporate service provider, in a deal that expands Ascentium's presence across the Middle East's regulated financial hubs. Founded in 2018, Clara operates as the largest licensed corporate service provider in Abu Dhabi Global Market, serving startups, venture capitalists, and government entities through its proprietary compliance platform.

Saudi Trade Platform MUHIDE Closes Series A Backed by Asyad Group

Saudi Arabia's B2B trade platform MUHIDE has closed its Series A funding round with backing from Oman's Asyad Group to scale its digital commerce infrastructure.

Saudi Media Firm Mersal Capital Closes $1.3 Million First Round

Riyadh-based media and content company Mersal Capital has closed a $1.3 million first funding round to scale its digital media operations across Saudi Arabia.

Dubai Proptech Daleel Secures $3 Million Pre-Seed Round

Dubai-based property technology startup Daleel has raised $3 million in a pre-seed funding round to develop its real estate discovery and transaction platform.

Lebanese Legal Tech HAQQ Raises $3 Million to Scale AI Platform

Beirut-based legal technology startup HAQQ has raised $3 million to expand its AI-powered legal services platform across the Middle East and North Africa.

Saudi Fleet Startup VieroSaudi Fleet Startup Viero Raises $1.2 Million for Logistics Platform

Saudi Arabia's Viero has closed a $1.2 million seed round to scale its fleet management and logistics optimization platform across the Kingdom.

Abu Dhabi Investment valued Trump's Crypto Venture at $1 Billion

Investment firm backed by Sheikh Tahnoon bin Zayed Al Nahyan acquired a 49% stake in World Liberty Financial, the cryptocurrency company linked to the Trump family, for $500 million.

EvolutionX leads $50M investment in Kitopi as UAE cloud kitchen scales regionally

Kitopi secures $50 million in growth capital led by EvolutionX to expand its cloud kitchen and F&B technology platform across the GCC, following profitability and accelerating franchising plans.

Qatar doubles down on Startups with $2 Billion fund Injection at Web Summit 2026

Sovereign wealth fund expands venture program as Qatar pursues tech dominance alongside Saudi Arabia, UAE

Web Summit announces Qatar 2027 with 50% off tickets

Saudi Social app Declic closes $1M Seed Round to expand across the Gulf

Declic, the Saudi social app backed by 500 Global and Misk, just closed a $1 million seed round to expand across the Gulf.

Vennre raises pre series A capital in $9.6M funding round

Saudi based Vennre has raised $9.6 million in a pre series A funding round to scale its technology platform, as early stage investment activity continues to grow across the Kingdom’s startup ecosystem.

Eat App Raises $10M Series B Extension, Doubles Down on India Growth

Dubai-based restaurant tech platform Eat App has closed a $10 million Series B extension led by PSG Equity via Zenchef, as India emerges as a core growth market with over 2,000 restaurant clients added in a year.

Ammar closes seed investment round worth over $4M

Ammar Real Estate Technology closes a seed investment round worth over $4 million to scale its digital property management and real estate technology platform.

NowPay Raises $20M, Launches Saudi JV to Scale Payroll Platform

NowPay secured $20 million to expand its earned wage access and payroll tools across MENA, launching NowAccess in Saudi with Tas'heel.

OpenCX secures $7M backed by Shurooq and Sadu Financial

UAE’s customer experience software provider OpenCX has raised $7 million in a funding round led by strategic and institutional investors, including Shurooq and Sadu Financial, to accelerate product development and regional expansion of its AI enabled CX platform.