Author: Funding, Mergers & Acquisitions

Egypt-based edtech startup 3C Coding School has raised $3 million in a Seed funding round led by MRG Economic Group, with participation from investor Amr Saad and a group of strategic angel investors. Founded in 2015 by Hossam Hosny and Ahmed Khallaf, 3C Coding School provides technology education to children and young people, with programmes spanning software development, data science, artificial intelligence, machine learning, game development and cybersecurity. The new capital comes as the company prepares for its next phase of growth, with Saudi Arabia emerging as a key expansion market and AI becoming central to its product strategy. From…

Saudi Arabia-based logistics technology startup Sirdab has raised $10 million (SAR 37.5 million) in Series A funding as it looks to build a more connected and flexible logistics infrastructure for businesses across the Kingdom and the wider GCC. The round was co-led by Elm, the PIF-backed digital solutions company, and existing investor BECO Capital, with participation from Y Combinator, COTU Ventures and D Global Ventures. The new capital will support Sirdab’s geographic expansion, the growth of its logistics network and further development of its technology platform, including AI-powered tools. Founded in 2022 by Naif Alzahri and Abdulrahman Alnamlah, Sirdab is…

Saudi Arabia-based fintech Nayla has secured approximately $18 million in pre-Series A funding, combining equity and debt financing, as the company looks to expand access to digital financing for micro-businesses across the Kingdom. The round comes at a time when Saudi Arabia is seeking to deepen financial inclusion and accelerate the growth of small and micro-enterprises as part of its broader economic transformation. Nayla is positioning its AI-powered lending platform to address one of the most persistent challenges facing these businesses: accessing financing quickly and digitally. The equity component was led by Idrisi Ventures, with participation from Suhail Ventures and…

Kuwait-founded enterprise technology company COFE Tech, formerly known as COFE App, has closed a pre-IPO funding round at a $178 million valuation, as the company accelerates its transformation from a consumer coffee marketplace into an AI-powered enterprise technology platform. The investment was co-led by Wa’ed Ventures, Aditum Investment Management, Masarrah Investment Company and Alyasra Foods. The company did not disclose the size of the investment. Founded in Kuwait in 2018 by Ali Al-Ebrahim, COFE initially built its business around connecting consumers with coffee and beverage merchants. It has since evolved into a broader enterprise technology company, developing infrastructure that helps…

Saudi Arabia-based corporate travel technology platform FlyAkeed has secured SAR 94.3 million ($25.15 million) in growth funding as it moves to deepen its position in the Kingdom’s rapidly expanding business travel market. The financing, announced at LEAP 2026 in Riyadh, combines an equity investment with Murabaha sukuk financing. The equity round was led by Sanabil Investments, the investment company wholly owned by Saudi Arabia’s Public Investment Fund (PIF), with participation from Artal Capital, stc Group’s corporate venture capital fund tali ventures and Aljazira Capital. Artal Capital also led the Murabaha sukuk financing. Founded in 2015 by Bassam Almohammadi, FlyAkeed provides…

Metal, a technology company building an AI-native operating system for capital formation, has raised $4.5 million in a Seed round led by a16z speedrun and Y Combinator, with participation from Pioneer Fund, Rebel Fund, Gaingels, Indus Valley Capital, Team Ignite Ventures, Phaze Ventures and other investors. The financing comes as Metal looks to expand beyond traditional fundraising software and build infrastructure that founders can use throughout the broader capital formation process. The company believes the software used during a fundraising round can become much more valuable when it remains embedded in a company’s financial and investor operations long after the…

Saudi Arabia’s climate technology ecosystem is gaining another early-stage player as Remedium, a sustainability technology startup, raises $1.5 million in pre-Seed funding to expand its AI capabilities and build a broader digital infrastructure for environmental accounting. The round was led by Kaltaire Investments and will help the Saudi Arabia-based company develop artificial intelligence and machine-learning capabilities across carbon management, climate intelligence and sustainability accounting. Founded in 2021 by Fawaz Abu-Ghazaleh, Remedium is building software designed to help businesses measure, manage and reduce their environmental footprint through digitalisation, automation and data analytics. Turning Sustainability Data Into Business Intelligence For companies, sustainability…

Saudi Arabia’s artificial intelligence ambitions are increasingly moving beyond compute and infrastructure toward a more practical question: how can AI understand and operate within the language, documents and workflows of the region? That question is at the center of a new strategic investment and partnership between HUMAIN, Arabic.AI and Tarjama. Announced on September 1, the collaboration combines HUMAIN’s AI infrastructure, computing capabilities and advanced models with Arabic.AI’s Arabic-first translation and document intelligence technologies and Tarjama’s more than 18 years of language technology and enterprise delivery experience.  The financial terms of HUMAIN’s investment were not disclosed. The stated objective, however, is…

Dubai-headquartered mobility technology company Swvl has secured a $13 million private investment in public equity (PIPE) led by Houston-based investment firm Coefficient LP, as the Nasdaq-listed company prepares to accelerate its expansion into the U.S. market. Coefficient, which is backed by Egypt’s Sawiris family, will invest $10 million and become Swvl’s largest institutional shareholder upon closing. An existing Swvl shareholder will contribute the remaining $3 million, while Abdalla Ali, Founder and Managing Partner of Coefficient, will join Swvl’s Board of Directors. Under the agreement, Swvl will issue 8.99 million Class A shares at $1.446 per share. The transaction is expected…

Saudi Arabia-based retail technology startup Raff has raised $1.7 million in a pre-seed funding round led by Vision Ventures, with participation from 500 Global, Palm VC, Oqal Group, Salla co-founder Salman Butt and other investors. Founded in 2024 by Ali Al Qudah and Abdul Kareem Munla, Raff is building a technology platform designed to help consumer brands expand into physical retail by connecting them directly with retailers and digitising the operational processes involved in distribution. The new funding will support Raff’s expansion across the GCC, accelerate product development and strengthen its artificial intelligence capabilities as the startup looks to build…