Funding

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…

Order secures $1m pre-Seed round

Order, a Saudi SaaS company offering technical assistance to F&B proprietors, reported that it had…

Alcazar Energy Partners concludes $337m funding round from 8 investors

An asset management with a focus on renewable energy, Alcazar Energy Partners, reported raising close…

SoftBank Vision Fund posts $7.2bn loss report as tech startups evaluation plunge

The core Vision Fund division of SoftBank Group reported a $7.2 billion quarterly loss as…

Dubai’s Nakheel receives $4.6 bn to fund expansion

The developer of Dubai’s The Palm Jumeirah, Nakheel, has obtained Dh17 billion ($4.6 billion) in…