Funding

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…

Dubai Digital Investments plans to raise $272m through IPO

By the end of the year, a new platform created by businessman Faisal Belhoul plans…

UST co-founder is eying $1 billion funding for tech investments

To engage in startups and private equity possibilities in the third-largest economy in Asia and…

Dubai-startup Omooma secures $2.5m funding

Omooma, an Arabic-language start-up with a parenting and pregnancy emphasis, has received $2.5 million in…

News Round-Up – June 2022 | Funding

Cartlow, a cloud-based logistics technology platform in the UAE and Saudi Arabia has raised $18…