Sequoia Capital India leads $37mln Series A round in PropTech startup Huspy
Reportedly, Huspy, the EMEA prop-tech startup, has announced a $37 million Series A funding round led by Sequoia Capital India to build the future of home buying across the region. Founders Fund and Fifth Wall made their Middle East investment debut in this round. In addition, Chimera Capital joined returning investors Breyer Capital, VentureFriends, COTU, Venture Souq, and BY Venture Partners.
Abu Dhabi’s Pure Harvest raises $181m to fuel expansion into GCC & Asia
Abu Dhabi startup, Pure Harvest Smart Farms raised $181 million as it seeks to grow in the GCC and Asia. The agricultural technology business now has $387.1 million in total capital, ranking it among the most well-funded start-ups in the area.
Spire plans to pump $39.5m into MENA expansion
With assistance from Bahrain Economic Development Board, Spire, a top GCC provider of open banking, plans to increase its operations in Bahrain and the MENA region through a BD15 million ($39.5 million) investment plan (EDB). Over the next three years, this growth will generate 200 employments in high-value data sciences and artificial intelligence.
UAE-based FinTech startup YAP raises $41m aiming expansion
YAP, a digital banking app and start-up in the UAE, has secured $41 million to grow into new markets and improve its technological capabilities.The funding round was led by Saudi Arabia-based investment company Aljazira Capital. Global investment conglomerate Abu Dawood Group, Saudi Arabia’s Astra Group, Dubai-based private equity business Audacia Capital and family offices also participated in the funding round.
UAE startup Supy raises $8m aiming expansion
Supy, a digital start-up located in the UAE that simplifies interactions between restaurants and suppliers, has secured $8 million in a fresh round of investment as it looks to improve its technological capabilities and enter new markets.
Emirates NBD Group partners with BNY Mellon to accelerate capital market growth
BNY Mellon, one of the biggest financial institutions in the world, and Emirates NBD, a top banking organization in the MENAT (Middle East, North Africa, and Turkey) region, have established a strategic partnership to boost the development of the capital markets in the United Arab Emirates.
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 investment from E20 Investment in Abu Dhabi. Omooma plans to utilize the money to grow both its operations and employees.
Dubai Digital Investments plans to raise $272m through IPO
By the end of the year, a new platform created by businessman Faisal Belhoul plans to launch an initial public offering (IPO) in Dubai to invest in software firms. According to Mr. Belhoul in an interview with Bloomberg, Dubai Digital Investment hopes to raise Dh1 billion ($272 million) from the offering.
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