Funding

HealthTech Insilico Medicine secures $95m to establish R&D base in the UAE

As it gets ready to expand operations in the Middle East with a new research…

MENA region has the potential to incubate 45 unicorns, including a decacorn, Saudi Technology Ventures

According to a recent report, the Middle East and North Africa (MENA) area has the…

Procurified raises $1.1m in seed funding

Dubai-based construction bid management platform Procurified has raised $ 1.1 million for its Seed Round.…

News Round-Up – July 2022 | Funding

Sequoia Capital India leads $37mln Series A round in PropTech startup Huspy Reportedly, Huspy, the…

Homzmart raises $23m in new funding round

Furniture and home goods e-commerce platform Homzmart has closed one of the past year’s biggest…

Abu Dhabi’s Adia invests in food industry fund McWin and China’s Taibang Biologic

The sovereign wealth fund of the emirate, Abu Dhabi Investment Authority, oversaw funding rounds for…

Kuwait-based gifting platform Teeela raises $3.75 million in new funding round

Teeela, an innovative and rapidly-scaling gifting platform and app has raised $3.75 million in a…

Car-maker startup Jidu seeks $400m in Funding

Jidu, an autonomous electric vehicle startup backed by Chinese tech giant Baidu Inc. is considering…

UAE’s Astra Tech is eyeing $500m for “Ultra” digital platform

In order to create and launch a new digital platform that aims to make the…

ME-based startups score $2 bn in funding in Q1 of 2022, Magnitt report

According to data source Magnitt, startups in the Middle East, Africa, Pakistan, and Turkey raised…