Funding

Letswork raises $2.1 million Seed, expands to Saudi Arabia

Letswork, the Dubai-based subscription service and marketplace for on-demand workspaces, announced today it has raised…

Sharjah Media City introduces tech and media VC, Shams Valley

The freezone of the emirate, Sharjah Media City (Shams), has introduced a brand-new venture builder…

e& to form joint venture with South Korea’s Bespin Global

In order to establish a joint venture (JV) with an initial capital of $10 million,…

Saudi-based Revival Lab launches $40 million fintech-focused VC builder and fund

Revival Lab announces the venture builder, “Fin-tactics Ventures”, at the World Fintech Show conference as…

Abu Dhabi Investment Authority launches The Adia Lab to promote research

One of the largest sovereign wealth funds in the world, the Abu Dhabi Investing Authority,…

Wireless electricity startup Reach Power raises $30m in new round

Reach Power, a Silicon Valley start-up that beams electricity wirelessly, said on Friday it had raised $30…

UAE’s GII launches $100m debt fund to support high-growth GCC and Indian companies

A $100 million venture loan fund has been established by Gulf Islamic Investments, a Sharia-compliant…

KLAIM secures $5m funding round with plans to reach $30m

In order to develop its receivable purchase activities in the UAE, KLAIM has obtained a…

Israel’s OurCrowd to set up Abu Dhabi investment centre and AI hub

One of the largest venture capital firms in Israel, OurCrowd, is partnering with the Abu…

News Round-Up | October – Funding in Tech

Aramco launches Taleed program to accelerate SME growth in Saudi Arabia Aramco announced the launch…