UAE-based healthtech company Klaim has successfully raised $26 million to enhance its payment solutions for the healthcare sector. The funding includes $10 million from a Series A equity round, supplemented by an additional $16 million in financing. The newly acquired funds will facilitate Klaim’s expansion into markets such as the UAE, Saudi Arabia, and Oman....
Saudi Arabia’s investment landscape is evolving with significant funding activities across various sectors. Recently, Aramco Ventures spearheaded a $30 million Series A funding round for Spiritus, a climate tech startup based in the United States. Other notable participants in this funding round included Khosla Ventures, Mitsubishi Heavy Industries America, and TDK Ventures. According to ArabNews,...
The Dubai Future Foundation (DFF) has announced funding for 24 research projects from 13 universities, aiming to enhance Dubai’s status as a leading city in future technologies. This initiative, part of the Dubai Research, Development and Innovation Grant Initiative (RDI), was launched in September 2024 under the guidance of H.H. Sheikh Hamdan bin Mohammed bin...
Dubai-based Salica Spring Studios, supported by Salica Investments and Al Waha Fund of Funds, has announced a strategic investment in BILRS, a fast-growing provider of global bill payment solutions. This partnership is a significant step forward for BILRS as it aims to enhance its operations and improve financial accessibility for users worldwide. The investment will...
Start-ups in the Middle East and North Africa region secured $494 million in funding in February 2025, marking a remarkable increase of 457% compared to the same month last year. This data was reported by Wamda and Digital Digest. Entrepreneurs from Saudi Arabia and the UAE were the primary beneficiaries of this fundraising surge, accounting...
Dubai-based venture builder Disrupt.com has announced a fund of US$100 million aimed at supporting technology startups that focus on artificial intelligence globally. This initiative is designed to foster early-stage ventures across various sectors, including AI, cybersecurity, Web 3.0, automotive technology, and retail innovation. Founded by Aaqib Gadit, Uzair Gadit, and Umair Gadit, Disrupt.com is specifically...
Flow48, a fintech start-up based in the UAE, has successfully raised $69 million in a combination of debt and equity funding during its Series A round, which was led by the Parisian venture capital firm Breega. The funding round also included notable participation from Evolution Ventures, Endeavor Catalyst, Daphni, Speedinvest, 212, and Plus VC. This...
Intelex Vision, a company focused on AI-driven video analytics for real-time surveillance, has successfully raised £5.6 million ($7.0 million) in a Series A funding round. This funding was supported by prominent investors including Acurio Ventures, Adara Ventures, and Inveready. The recent investment comes as Intelex Vision reports an impressive growth, with its revenues increasing 11...