Author: Funding, Mergers & Acquisitions

Egyptian healthtech startup Reme-D has raised $1.45 million in a Pre-Series A funding round led by Anara Impact Capital, with participation from the Global Innovation Fund (GIF), Africa Health Ventures, and other investors. The funding will help the company expand manufacturing, strengthen its regional presence, and accelerate the development of affordable molecular diagnostics for underserved healthcare markets across Africa. Founded in 2023 by Salma Tammam, Reme-D develops and manufactures molecular diagnostic tests for infectious diseases, including tuberculosis (TB), HIV, hepatitis, and human papillomavirus (HPV). The company’s focus on producing accurate, affordable, and temperature-resilient diagnostic solutions addresses one of Africa’s biggest…

Toronto-based Islamic fintech Manzil has launched self-directed halal stock trading in the United States, allowing Muslim investors to select and trade individual U.S. equities that have already been screened for Shariah compliance — all within a single app. Founded in 2017 by Dr. Mohamad Sawwaf, Manzil describes the product as the first halal self-directed trading app launched in North America — a first-in-North-America designation that is a company claim. The move expands Manzil’s American investment offering beyond the professionally managed portfolios it introduced in 2025 and signals a much larger ambition: building a global financial platform for the world’s nearly…

Saudi Arabia’s gaming ecosystem continues to gain momentum as FLOATY Studio has secured $1 million in a funding round led by Merak Capital through the Merak Gaming Fund (MGF). The investment will enable the Riyadh-based game developer to accelerate product development, expand production capabilities, and bring Saudi-created gaming intellectual property to players worldwide. Founded in 2023 by Fahad Qaysi, Zeyad Almalki, and Abdullah Salah, FLOATY Studio focuses on developing casual and hybrid-casual mobile games designed for international audiences. The studio is currently building two flagship titles: Pirasea, a pirate-themed strategy game, and Hero Squad, a sci-fi action game where players…

Saudi Arabia-based Think has raised more than $8 million in pre-seed funding, marking what the company describes as the largest AI infrastructure and deeptech pre-seed round in the MENA region to date. The round was co-led by RAED Ventures and Wa’ed Ventures, with participation from Dhahran Techno Valley’s Venture Capital arm and a group of strategic angel investors. The new capital will accelerate team expansion, manufacturing scale-up, product development, and commercial growth as Think expands across Saudi Arabia, the GCC, and selected international markets. The funding also reflects growing investor confidence that the next phase of artificial intelligence will be…

Egypt-based logistics startup Mylerz has raised more than $2 million (EGP 100 million) in a new funding round led by Lorax Capital Partners, with participation from Fawry and a group of existing investors. The investment will strengthen the company’s balance sheet, finance working capital, and support the expansion of its logistics infrastructure as Egypt’s e-commerce market continues to grow rapidly. Founded in 2019 by Samer Gharaibeh, Mylerz provides end-to-end e-commerce logistics, fulfillment, and last-mile delivery services through a proprietary technology platform that enables merchants to efficiently manage shipments, inventory, and delivery operations. The latest financing follows the company’s $9.6 million…

UAE-based artificial intelligence company 9Yards X has acquired Labib AI, marking a significant step in strengthening Arabic-language artificial intelligence and accelerating the development of sovereign AI platforms across the Middle East and North Africa. The acquisition combines 9Yards X’s enterprise AI infrastructure with Labib AI’s expertise in Arabic natural language processing (NLP), large language models, and generative AI, creating one of the region’s most comprehensive AI platforms designed specifically for Arabic-speaking governments and enterprises. Founded by Hussam Almulhem, 9Yards X focuses on building sovereign AI infrastructure and enterprise AI solutions tailored for governments and highly regulated industries. Labib AI, founded…

Morocco-based super app ORA Technologies has extended its Series A funding round to $10 million, providing fresh capital to accelerate the growth of its digital payments business, expand its food delivery platform, and strengthen its ambition of building Morocco’s leading consumer technology ecosystem. Founded in 2023 by Omar Alami, ORA has now raised nearly $12 million since inception, making it one of Morocco’s best-funded consumer technology startups. More importantly, the latest round was led primarily by Azur Innovation Fund alongside other domestic investors, highlighting the growing maturity of Morocco’s venture capital ecosystem and the increasing willingness of local investors to…

Syrian marketplace startup AlMkhtar has closed a $100,000 seed funding round, led by angel investors Rani Abu-Shaar and Abdulah Al-Shamma, alongside a group of regional angel investors. The investment will support the company’s expansion across Syria, enhance its digital platform, and strengthen its position in the country’s growing online classifieds market. Founded in 2020 by Ayham Ksayer, AlMkhtar operates a digital marketplace connecting buyers and sellers, landlords and tenants, across real estate, vehicles, and a growing range of consumer categories. The company aims to modernize Syria’s fragmented marketplace by providing a trusted platform that simplifies transactions while improving transparency and…

Saudi-founded startup EdenMountain has announced GrowthX Capital for Investment as its lead institutional investor, marking a significant milestone as the company accelerates the global expansion of what it describes as the world’s first marketplace for ENORs® (Enterprise Non-Operating Rights)—a new tradable asset class that enables businesses to monetize commercial rights they are not actively utilizing. The strategic investment will support EdenMountain’s next phase of growth, including international expansion, product development, team growth, and broader adoption of its marketplace. Beyond providing capital, GrowthX Capital will work closely with the company by contributing institutional expertise, strategic guidance, and support for market expansion,…