Comprehensive coverage and updates on mobility-logistics across the MENA tech ecosystem.
Mobility company Swvl has secured a $13 million investment through a PIPE transaction led by Sawiris-backed Coefficient, providing fresh capital for the next phase of its mobility technology business.
Investment firm Pinnacle has taken a stake in Carly, a Saudi automotive commerce platform, in an undisclosed growth investment that adds to a run of capital targeting the kingdom's digital used-car market.
Corporate travel platform FlyAkeed has secured $25.15 million in growth funding to expand its enterprise travel management product across the region.
Warehousing and logistics technology startup Sirdab has closed a $10 million Series A, giving it fresh capital to expand its supply-chain platform across the GCC.
Saudi online vehicle marketplace Syarah has raised $12 million from Impact46, funding it plans to use to expand as the kingdom's car-buying process shifts increasingly online.