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AI + Innovation (MENA) 
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IFC backs UAE’s VUZ as it scales immersive media
The IFC’s investment marks a rare foray into consumer tech, signaling growing confidence in immersive media’s potential in emerging markets
Fuze raises USD 12.2 mn to power MENA expansion
The round was led by Galaxy and e& Capital
True Gamers, Zest Equity, and Hushday raise funds for expansion
Local startups are raising funds to boost their expansion at home and overseas
Resolv Labs secured USD 10 mn in a seed funding round
The funds will be used to diversify the Resolv Labs’ yield sources
UAE ranks second in MENA venture funding in 1Q 2025
Investors favored more established startups during the quarter
Tech-based startups secure USD 875 mn in funding in 1Q 2025
Late-stage funding took the lead with USD 760 mn raised in this quarter
Dubai fintech Fuse raises USD 6.6 mn to simplify cross-border payments in Mena
Fuse plans to grow its team, develop new products, and secure more regional licenses
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
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