Month: May 2025

Funding Announcement: TruBuild, a Saudi-based construction technology startup, has secured $1 million in Seed funding, led by Wa’ed Ventures and Dar Ventures, with participation from others including Plug & Play Ventures and OQAL. Innovative Approach: Founded in 2023 by Bisrat Degefa and Sari Sabban, TruBuild leverages AI to minimize inefficiencies and enhance collaboration in construction […]

Here are the main bullet points summarizing the provided content about YAP: Funding Acquisition: YAP secured $41 million in funding to enhance its fintech services throughout the Middle East and Africa. Service Enhancement: The investment will improve YAP’s digital banking solutions, payment tools, and overall financial accessibility, especially in underserved markets. Focus on Financial Inclusion: […]

Funding Achievement: Saudi Arabia-based digital signature platform Sadq has successfully closed a $1.5 million pre-Series A funding round, led by X by Unifonic Fund, along with additional investments from other investors and Unifonic. Founders and Mission: Established in 2022 by Abdullah Allahuo and Salem Al-Badawi, Sadq aims to provide a compliant digital signature and document […]

Funding Announcement: InfiniLink has secured $10 million in seed funding, led by MediaTek, to advance its AI-powered networking solutions. Team Expansion and Development Plans: The funding will be used to expand the team, enhance product development, and establish strategic industry partnerships. MediaTek’s Role: MediaTek’s investment emphasizes the increasing demand for AI-driven connectivity solutions across various […]

Launch of Jaree Platform: Jaree, a new platform aimed at facilitating early-stage investments, officially launched in Saudi Arabia to improve access for startups and accredited investors. Mission and Services: Founded by Faisal AlNaji and Noura AlNahedh, Jaree addresses the gap in the Saudi VC market by matching startups with vetted investors, providing pitch support and […]

Funding Acquisition: Stakpak secured $500,000 in pre-seed funding, led by P1 Ventures with participation from other notable investors, to advance its AI-powered Integrated Development Environment (IDE) aimed at simplifying DevOps processes. Enhanced Productivity: Early users report a fivefold increase in project delivery speed and 16 times faster migration processes, leading to significant cost savings for […]

Here are the main bullet points summarizing the provided information about iMENA Group: Funding Acquisition: iMENA Group, a Saudi Arabia-based digital platform, has raised $135 million in a pre-IPO investment led by Sanabil Investments, FJ Labs, and Saygin Yalcin, among other Saudi investors. Strategic Utilization of Capital: The funds will enhance iMENA’s shareholding in its […]

Here are the main bullet points summarizing the information: Funding Secured: Fuse, a UAE-based fintech company, raised $6.6 million in seed funding led by Northzone to enhance its cross-border payment solutions in the MENA region. Innovative Offerings: The company is the first in the MENA region to provide virtual international bank account numbers (IBANs), simplifying […]

Merger Announcement: Miran, an AI-driven health and fitness app, has merged with Welnes, a leading fitness community platform, to enhance wellness offerings in Saudi Arabia. Strengths and Unique Offerings: The merger combines Miran’s advanced AI technology for personalized health insights and meal plans with Welnes’ community-focused approach to connect users with fitness coaches and wellness […]

Record Transaction Value: Dubai’s real estate market saw a 29.19% increase in transaction value, reaching AED 114.08 billion (approximately $31 billion) in Q1 2025. Robust Transaction Growth: A total of 42,269 transactions were recorded, marking a 23.11% year-on-year increase, with notable expansion in both off-plan and ready property segments. Rising Rental Market: The average rent […]