Dubai-based proptech company Prop-AI has successfully raised $1.5 million in a pre-seed funding round. The investment was led by Plus VC, Joa Capital, Select Ventures, Oraseya Capital, Plug & Play, along with contributions from angel investors from Saudi Arabia and Bahrain. The proceeds from this funding will be directed towards expanding Prop-AI’s regional data integration,...
Abu Dhabi’s startup ecosystem has achieved significant recognition, emerging as one of the fastest-growing hubs in the Middle East and North Africa (MENA). This information comes from the 2025 Global Startup Ecosystem Report (GSER), which was launched today at VivaTech in Paris. The GSER is known as the world’s most comprehensive research on startup ecosystems...
Twenty-nine member clubs of the Fédération Internationale de l’Automobile (FIA) from the MENA region have expressed their support for the re-election of Mohammed ben Sulayem as president of the Formula One governing body. In a joint letter, the clubs highlighted that his leadership has led to significant reforms in mobility and motorsport, characterized by improvements...
Dubai-based fintech company Qashio has successfully secured $19.8 million in equity and non-equity financing. This investment round was led by Rocketship, an early-stage venture fund located in California, and included participation from Oneway VC, ABN Ventures, MITAA, alongside other investors such as family offices and banks in the Middle East and North Africa (MENA) region....
Hong Kong-based AI company viAct has successfully raised $7.30 million in a Series A funding round. The investment was led by Ireland’s VentureWave Capital, with additional participation from Singtel Innov8 and Korean Investment Partners. The company aims to expand its business on a global scale, particularly focusing on the Middle East, with a special emphasis...
UAE-based fintech company Gainz has successfully completed a seven-figure pre-seed funding round that combines both equity and debt. This funding round was spearheaded by Antler MENAP, along with Lithium Holdings and Eleventh Invest Inc., and received support from various high-net-worth investors in the region. Founded in December 2024 by Shehab Mokhtar and Sherif Abdelaty, Gainz...
FancyTech, a leading global company in commercial content generation, has announced its expansion into the Middle East and North Africa (MENA) region. The company has a strong history of serving over 1 000 clients across more than 10 countries, including notable brands from the retail, e-commerce, financial services, and real estate sectors. FancyTech aims to...
Bybit, recognized as the world’s second-largest cryptocurrency exchange by trading volume, has entered into a multi-year strategic partnership with Ghaf Labs, a Web3 advisory and consultancy firm based in the Middle East and North Africa (MENA). The two organizations have signed a Memorandum of Understanding (MOU) aimed at promoting cryptocurrency adoption, developing the ecosystem, and...
Cairo, Egypt — Nawy, recognized as Africa’s largest property technology platform, has successfully raised $52 million in Series A equity funding. This funding aims to enhance its operations, improve its technology, and expedite its expansion across the MENA region. Partech led the funding round, with contributions from several investors including e& Capital, March Capital Investments...
Proceeds from initial public offerings (IPOs) in the Middle East and North Africa (MENA) region have surged, more than doubling to $2.4 billion in the first quarter of 2025. This increase represents a 106% rise year-on-year, driven by significant activity in Saudi Arabia, as reported by EY. During this period, the number of IPO listings...