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Aramco-backed VC fund Wa’ed invests in Korean chipmaker, US AI software outfit
Plus: Rent finance outfit Techmal raises pre-seed capital + UAE’s Orgam to expand here
Logistics startup Oto closes a USD 8 mn series A round
The fresh funds will be used to fuel the company’s regional expansion, develop the tech stack, and grow the team
Saudi maintains lead in MENA’s VC funding league in 1H 2024
Salla’s pre-IPO round was the region’s only megadeal in the first half
Saudi trails Kuwait and Dubai on M&A dealflow in first quarter
Tech recorded the most M&A activity
Egypt-born fintech outfit Sahl eyes Saudi entry
The company allows users to pay their utility bills through a mobile app
Aramco’s Wa’ed Ventures invests in UAE proptech Stake, supporting entry into Saudi
Stake is set to become the first platform to allow individuals outside of the kingdom to invest in real estate…
Saudi Arabia captured 53% of MENA venture debt in 2023 -Magnitt
Saudi startups raked in USD 400 mn in venture debt (VD) in 2023, rising 602% y-o-y, according to venture data…
PIF’s Sanabil leads USD 10 mn seed round for SiFi
The seed round was led by PIF-owned Sanabil
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