Author: Funding, Mergers & Acquisitions

Saudi Arabia-based construction technology startup Fitting has raised $1.1 million in its second Seed funding round, securing backing from an undisclosed strategic investor operating in the contracting and real estate development sector. The new investment comes as Saudi Arabia’s construction and development markets continue to expand, creating growing demand for technology that can make complex procurement and supply chain operations more efficient. Founded in 2025 by Mohammed Al-Mubayed and Abdulaziz Almubayad, Fitting is building a digital platform designed to automate and digitize construction supply chains. Its technology aims to streamline procurement and improve coordination between suppliers, contractors, and real estate…

Saudi Arabia-based operational AI startup RIME has raised more than $2 million in a Seed funding round led by SEEDRA Ventures, with participation from Athla Investment, Unity Invest Partners, and a group of angel investors. The investment will support the company’s expansion across Saudi Arabia, accelerate the development of its proprietary AI platform, and enable enterprises to deploy scalable AI applications across day-to-day operations. Founded in 2024 by Mohammed Almarshidi and Arif Alotaibi, RIME develops a Physical AI platform that enables organizations to deploy autonomous AI Agents directly within operational environments such as retail stores, branches, warehouses, and service centers.…

Saudi Arabia-based enterprise AI company MOZN has secured a strategic investment from HUMAIN, the Public Investment Fund (PIF)-backed artificial intelligence company, in a deal that will accelerate the development and deployment of sovereign AI solutions for financial institutions and public sector organizations. While the financial terms of the investment were not disclosed, the transaction marks HUMAIN Ventures’ first investment in a Saudi startup and one of its first strategic initiatives within the banking, financial services, and insurance (BFSI) sector. Founded by Dr. Mohammed AlHussein, MOZN has established itself as one of the Kingdom’s leading enterprise AI companies, serving more than…

For decades, businesses have relied on discounts, cashback, and promotional offers to attract customers. Yet customer acquisition costs continue to climb while conversion rates steadily decline. For many businesses—particularly small and medium-sized enterprises—offering rewards large enough to capture consumer attention has become increasingly difficult without sacrificing already thin profit margins. That challenge inspired Bader Al Kalooti and Mostafa Wanas to build Bundle, a UAE-based startup that believes the future of customer loyalty lies not in bigger discounts, but in smarter collaboration. Emerging from stealth with $5.5 million in pre-seed funding led by Ethereal Ventures and Further Ventures, Bundle is introducing…

For decades, the global gaming industry has been dominated by stories inspired by Western mythology, Japanese fantasy, and Nordic legends. From ancient Greece to medieval Europe, countless civilizations have found their way into blockbuster games played by millions around the world. Yet one of the richest storytelling traditions—the history and mythology of Arabia—has remained largely untapped. Saudi startup Ash Games Studio wants to change that. The Riyadh-based game developer has raised $1.5 million in a Seed funding round co-led by Merak Capital and Impact46 through the Merak Gaming Fund, providing fresh capital to accelerate the development of Saudi-inspired games for…

Every successful e-commerce business shares a common goal: selling more products and delivering a better customer experience. Yet behind every online order lies a complex web of shipping providers, payment reconciliation, customer support, inventory management, and logistics coordination. For thousands of merchants across Africa and the Middle East, managing these fragmented operations has become one of the biggest barriers to growth. Egyptian startup Fincart believes artificial intelligence can eliminate that complexity. The company has announced an oversubscribed $2.8 million Seed funding round, co-led by Launch Africa and Antler MENAP, with participation from Yango Ventures, Five35 Ventures, Bluestream Capital, Hi2 Global,…

In many emerging markets, the rise of a “super app” has become a defining milestone in digital transformation. From Southeast Asia to the Middle East, these platforms have fundamentally changed how people commute, order food, shop, pay bills, and access everyday services. Now, Syria is witnessing the emergence of its own digital champion. Labby, a Syria-based super app, has secured $10 million from a consortium of investors from the United Arab Emirates and Saudi Arabia, in what Syrian officials have described as the first direct foreign investment in a Syrian technology startup. Beyond the size of the investment, the transaction…

Qatar’s fintech ecosystem continues to gain momentum as SkipCash has secured a strategic investment from Qatar International Islamic Bank (QIIB), further strengthening the country’s homegrown digital payments sector. While the financial terms of the investment were not disclosed, the partnership signals growing confidence from one of Qatar’s leading Islamic banks in the future of locally built financial technology. Founded in 2019 by Mohammed Abdulaziz AlDelaimi, SkipCash has rapidly established itself as one of Qatar’s leading digital payment providers. The company offers businesses a comprehensive suite of payment solutions, including online payment gateways, merchant acquiring, QR payments, payment links, Tap-to-Phone (SoftPOS),…

Egyptian private equity firm Elevate Capital has completed the acquisition of 100% of Nile Scan & Labs, one of Egypt’s largest diagnostic healthcare providers, in a transaction valued at approximately EGP 1 billion (around US$20 million). The acquisition represents another milestone in the firm’s ambition to build one of the Middle East and Africa’s most integrated healthcare ecosystems. The transaction was completed through a consortium comprising Elevate Capital and members of the Moharram family, bringing nearly three decades of diagnostic expertise under a unified ownership structure. While financial details beyond the equity valuation were not disclosed, the acquisition positions the…

Saudi fintech Fina, the embedded finance platform of SILQ, has secured a US$75 million (SAR 282 million) Shariah-compliant financing facility from Fasanara Capital, a London-based global investment manager overseeing approximately US$6 billion in assets under management. The facility represents a significant milestone in Fina’s mission to reshape how small and medium-sized enterprises (SMEs) in Saudi Arabia access working capital by embedding financing directly into their everyday business operations. The financing comes at a time when Saudi Arabia is accelerating efforts under Vision 2030 to strengthen its SME sector, which is expected to become a key driver of economic diversification. Despite…