Erad, a financing platform based in Riyadh, has successfully raised $16 million (equivalent to SAR 60 million) in a Pre-Series A funding round. This investment will be used to accelerate the company’s growth and expand its operations in Saudi Arabia, as well as other regional markets. The funding round was supported by a number of...
Animoca Brands, a Hong Kong-based company specializing in Web3 technologies, has announced the opening of its first office in the Middle East located in Dubai. This move aims to provide crucial support for startups in the United Arab Emirates (UAE), focusing on addressing gaps in financing, mentorship, and market access for early-stage businesses. The company’s...
UAE-based artificial intelligence (AI) fintech startup Metric has successfully raised a seven-figure seed funding round aimed at accelerating its growth throughout the Gulf region, broader Asia, and other emerging markets. The funding round attracted support from various organizations, including Sanabil 500 Global, Hub71, i2i Ventures, Plus VC, Epic Angels, and Accelerate Prosperity, in addition to...
stc Bahrain has announced the opening of applications for its InspireU accelerator program, aimed at supporting local startups with funding, training, and resources to help them scale their innovative ideas into successful regional ventures. This initiative is part of stc Bahrain’s commitment to nurturing entrepreneurial talent within the country. The InspireU program, which is overseen...
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...