Travis Kalanick’s CloudKitchens targets $2.5 B Dual IPO Backed by PIF
Travis Kalanick’s CloudKitchens is planning a $2.5 billion dual listing in Saudi Arabia and the UAE, backed by the Public Investment Fund, sources tell TechScoop.
Jasoor Ventures backs $5 million round for Saudi-based TabSense to disrupt hospitality operations
Saudi AI startup TabSense raises $5 million in a round led by Jasoor Ventures to launch its agentic AI point-of-sale platform for the restaurant industry.
Picus Capital makes first MENA bet with Cercli’s $12 million Series A round
UAE-based HR-tech startup Cercli raises $12 million in Series A funding led by Picus Capital to expand its AI-native workforce management platform globally.
Aayan backs Kuwait’s Dawi in move toward digital healthcare growth
Aayan Leasing and Investment acquires a strategic stake in Dawi, Kuwait’s leading digital healthcare app, marking its expansion into the healthtech sector.
Qashio strengthens GCC presence with purchase of Saudi firm Sanad Cash
UAE-based fintech Qashio has acquired Saudi platform Sanad Cash to accelerate its expansion in the Kingdom’s fast-growing cashless economy under Vision 2030.
1001 AI raises $9 million to expand AI infrastructure across the GCC
London and Dubai-based startup 1001 AI raised $9 million in seed funding led by CIV Capital, General Catalyst, and Lux Capital to expand its AI infrastructure platform across the GCC.
UAE’s CADO raises US $4.5M expand into Saudi Arabia and New York
UAE-founded gifting platform CADO closes US $4.5 million pre-seed round to deepen Saudi expansion and launch in New York, signalling a MENA-to-global scale play.
UAE corporate giant Crescent Enterprises launches $68M venture-building initiative
Crescent Enterprises, the Sharjah-based diversified conglomerate, has launched a $68 million (AED 250 million) venture-building programme to expand CE-Creates, its internal venture studio focused on developing high-growth and impact-driven businesses.
The Garage and Ministry of Energy open Taqatech applications to global startups driving the energy transition
Applications are now open for Saudi Arabia’s TAQAtech accelerator — launched by the Ministry of Energy and The Garage — to support 60 startups in hydrogen, carbon capture, and AI-driven energy innovation.
IB Ventures launches Saudi Arabia’s first $50 million biotech fund with global ambitions
IB Ventures launches Saudi Arabia’s first $50 million biotech fund, led by Dr. Hamad Al Omar and Dr. Yazeed Al Sufyani, to build a global biotech ecosystem.