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AI + Innovation (MENA) 
Infrastructure 
Lumi AI raises USD 3.7 mn in seed funding from ADQ, Qora71, and other investors
Lumi will use the funding to scale its engineering and customer success teams and double down on product development
Fintech Enza raises USD 6.8 mn in first external funding round
The round was led by our friends at the regional tech-focused VC outfit Algebra Ventures and US-based Quona Capital
Debt collection startup ClearGrid raised USD 10 mn across two funding rounds
The funds will support ClearGrid’s expansion into Saudi Arabia and the advancement of its technology
NymCard secures USD 33 mn in Series B to expand embedded finance in MENA
Existing investors Lunate, Dubai Future District Fund, Mashreq Bank, and Shorooq joined the round, with new backing from Oraseya Capital
PlaysOut raises USD 7 mn in seed funding round
Gold trading startup Oro Labs also secured USD 1.5 mn
Longevity Wellness raises USD 4 mn to fund GCC expansion
The funds will go towards opening new centers in Dubai, Abu Dhabi, and Riyadh
Healthcare ins. payments startup secures USD 26 mn in funding
Klaim is looking to expand its GCC footprint and scale up its operations
Flow48 raises USD 69 mn Series A funding round to expand SME lending
The round was led by French VC firm Breega
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