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UAE’s Powder Beauty plans Saudi expansion following pre-series A round
The startup is focused on clean and sustainable beauty brands
Startups are increasingly going bust as funding dries up
The number of startups closing their doors rose 58% y-o-y during 1Q 2024
Saudi, UAE account for lion’s share of MENA venture investors in 1H 2024
E-commerce continues to be Saudi’s most-funded sector
Delivery solutions startup Blend raises SAR 5 mn in a pre-seed round
The funds will be used to improve its tech solutions.
Intelmatix closes region’s largest AI series A
Intelmatix offers a “one-stop-shop” for AI solutions for businesses
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
Shorooq Partners’ latest venture debt fund looking for more exposure to Saudi
Shorooq Partners is in talks to invest in two fintechs
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