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Funding rounds, launches, pivots, and shutdowns, plus the founders building the region's next generation of companies.
LATEST
Riyadh-based INVE has raised US$300,000 in pre-seed funding led by Outliers Venture Capital to grow its invitation and event-management platform across Saudi Arabia and the GCC.
LATEST
UAE-founded healthtech Vitalls has secured a US$1.5 million seed commitment from Singapore-based EST Growmore, with an option for a further US$1 million, to develop and roll out its AI-powered digital health passport.
INNOVATION
Six Omani startups and four prototypes headline the Hadatha exhibition in Muscat, part of Oman's push to build a national cybersecurity industry.
SMALL BUSINESS
Kuwait's TheQA has raised $550,000 in pre-seed funding for its AI-powered market research platform, now past 20,000 verified panel members.
FINANCE
Singapore's Chocolate Finance has launched in the UAE, offering 4.4% a year on dirham and dollar cash for residents and non-residents alike, through its own UAE-regulated income fund.
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STARTUPS
Qatar's Snoonu has acquired Y Combinator-backed BiteSight, a US app that hit No. 2 in the App Store's Food & Drink category, to bring content-driven food discovery to the Gulf.
INNOVATION
Vrtx, founded by ex-Tweeq executives Mishal Bin Slimah and Omar Shaaban, will use the funding to build embedded finance infrastructure for wallets, payouts and card issuing in Saudi Arabia.
ARTIFICIAL INTELLIGENCE
Dubai-based Ayan has raised Dh2.2 million in pre-seed funding from strategic global business angels to scale its AI platform that tracks how AI assistants describe brands to shoppers.
ARTIFICIAL INTELLIGENCE
Dubai-based Popcorn AI Studio has secured $1 million in pre-seed funding led by Emirati investor Mohammed Bin Bouta Alharsoosi to scale its AI filmmaking platform across MENA.
QOJO.
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