Author: Funding, Mergers & Acquisitions

Iraq-based e-commerce startup Rozenama has raised $150,000 in a pre-Seed funding round from Iraqi entrepreneur and Aljasmi Perfumes CEO Mohammed Haider, giving the Baghdad-based startup fresh capital to rebuild its platform and expand its merchant network beyond the capital. Founded in 2022 by Abbas Muhil and Mohammed Fawzi, Rozenama is building an e-commerce infrastructure platform designed specifically around how Iraqi businesses actually sell online. Rather than asking merchants to adapt to an imported e-commerce model, the company brings storefronts, order management, local delivery, payments and cash-on-delivery into a single platform. Bringing Structure to Iraq’s Social Commerce Economy A large number…

UAE-based taxtech startup Tax Star has raised $1.75 million in a Seed funding round, backed primarily by angel investors, as the company prepares to capitalize on the UAE’s rapidly evolving e-invoicing landscape and expand its AI-powered compliance platform across the GCC. Founded in 2023 by Rayhan Aleem and Haris Tasawar, Tax Star built the UAE’s first AI-powered corporate tax platform and has since expanded its focus toward the country’s upcoming e-invoicing regime. The company is also a pre-approved Accredited Service Provider (ASP) for UAE e-invoicing, positioning it to help businesses navigate one of the country’s most significant digital tax transformations.…

Berlin-based digital mental health startup Arab Therapy has raised $2 million in a Pre-Series A funding round to expand access to culturally and linguistically relevant mental healthcare for more than 400 million Arabic speakers worldwide. The round was led by Manara Ventures, with participation from Anara Impact Fund and Saudi Arabia’s Value Makers Studio (VMS). Founded in 2021 by Jordanian entrepreneurs Dr. Tareq Dalbah and Hekmat Al Hasi, Arab Therapy currently operates across Saudi Arabia, Jordan, Germany, and Egypt, offering online therapy, Arabic mental health content, and AI-powered tools. Building Mental Health Infrastructure for the Arab World Arab Therapy is…

Saudi Arabia-based game development studio Majestic Mind Games has raised $1.45 million in a funding round co-led by Merak Capital and Impact46, as the Jeddah-based startup looks to accelerate the development of original video games for international audiences. Founded in 2023 by Lujain Albukhari and Majed Anbar, Majestic Mind Games develops original titles primarily for PC, with selected games also expanding to console and mobile platforms. The studio has also received backing from NEOM, adding to the growing network of support behind Saudi Arabia’s emerging gaming industry. Building Games From Saudi Arabia for the World Majestic Mind Games is focused…

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,…