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Logistics (MENA) 
Saudi Arabia attracted USD 509 mn in equity funding in 9M 2024 -Magnitt
.The Kingdom ranked fourth among the report covered countries in terms of the number of closed transactions
Local adtech outfit Quantum closes USD 7 mn pre-series A
The round was led by US-based Hearst Lab
Al Rajhi Bank acquires majority stake in fintech startup Drahim
The investment will be used to enhance Drahim’s existing products
A new USD 200 mn VC fund in town
Waad has invested in more than 35 companies
PostEx plans KSA expansion following pre-series A round
The funding round saw participation from Sanabil 500
Saudi, UAE account for lion’s share of MENA venture investors in 1H 2024
E-commerce continues to be Saudi’s most-funded sector
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
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
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