Saudi Arabia-based construction technology company, TruBuild, has successfully raised $1 million in a Seed funding round. This funding was led by Wa’ed Ventures, the $500 million venture capital arm of Aramco, alongside Dar Ventures. Other contributors to the investment included Plug & Play Ventures, OQAL, Taz Investment, and various angel investors. The funds will be...
Abu Dhabi’s state-backed health-care investment company, M42, has invested in the UK-based biotech startup Juvenescence, which specializes in developing drugs aimed at extending human lifespans. The investment comes at a valuation exceeding $550 million, although the exact amount invested has not been disclosed. M42 and Juvenescence will collaborate in a strategic partnership that focuses on...
Dr. Greiche Group has announced a substantial investment of EGP 500 million (approximately $9 million) to establish a high-tech automotive glass facility in 10th of Ramadan City, Egypt. This investment aligns with the country’s national strategy to localize advanced industries and address the domestic production gap, according to a press release from the company. The...
AIREV, a rapidly growing artificial intelligence start-up based in the UAE, has secured an investment from the Irish venture private equity firm Venturewave Capital. This funding will support AIREV’s expansion as it develops one of the world’s first AI operating systems, called ‘On-Demand’. The investment will allow AIREV to explore new market opportunities both in...
The NEOM Investment Fund (NIF), the investment arm of NEOM, has announced a strategic investment in Liberation Labs, a leader in precision-fermentation biomanufacturing. This partnership aims to establish an advanced precision-fermentation facility in Saudi Arabia that will support Topian, NEOM’s food company, in developing novel food production methods. Liberation Labs is known for creating biomanufacturing...
The UAE has welcomed 90 new companies into its NextGen Foreign Direct Investment (FDI) program, reinforcing its reputation as a key destination for multinational technology partnerships. This initiative, launched by the Ministry of Economy, aims to attract innovative businesses and foster economic growth in the region. The Ministry of Economy highlighted that this influx of...
Mubadala Energy, the international energy division of Abu Dhabi’s Mubadala Investment Company, has announced its first major investment in the United States by acquiring a 24.1 percent stake in Kimmeridge’s SoTex HoldCo. This significant equity investment was confirmed through a joint statement released on Thursday and reflects Mubadala’s ambitious expansion strategy into the US market....
Lucid Group, Inc., backed by the Saudi Public Investment Fund (PIF), has successfully closed a significant $1.1 billion offering in convertible senior notes due in 2030. This closing includes the full exercise of an option that allowed initial purchasers to acquire an additional $100 million in notes, as stated in an official announcement. Taoufiq Boussaid,...
Bahrain-based social commerce app Sellou has successfully raised $3 million in seed funding, according to a recent announcement from the company. This investment comes at a valuation of $3 million and aims to enhance the app’s platform and expand its market presence in the Middle East and North Africa (MENA) region. Founded by Salman Al...
Investors from the United Arab Emirates are increasingly looking at India’s dynamic economic landscape for investment opportunities, as highlighted in a recent report by Dubai Chambers during the Dubai-India Business Forum. The report emphasizes that India’s significant economic transformation positions it as a leading global growth center in the coming years. India, which holds the...