Cartlow, a cloud-based logistics technology platform in the UAE and Saudi Arabia has raised $18 million
The funding will enable Cartlow to further mature its business ecosystem, the company said in a statement.
Our investment in Cartlow further highlights our commitment to the Kingdom’s 2030 Vision sustainability targets through enhancing the circular economy and the chief executive of ASG
Cartlow was among six venture companies that were granted licenses by Saudi Arabia in March. These companies have committed to investing a combined $162 million in the Saudi economy.
Nymcard increases funding to $35m
This will help it enable MENA-based fintechs with the infrastructure required from BIN sponsorship and card issuing, leverage its 150+ modern and open APIs on a platform.
This round takes Nymcard’s total funding to over $35m with a presence in Abu Dhabi, Dubai, Riyadh, and Cairo.
ADQ and Jordan’s Ministry of Digital Economy and Entrepreneurship launch a $100 million tech fund
ADQ is an Abu Dhabi-based investment and holding company building on the UAE’s strategic industrial partnership with Jordan
The fund will invest in high-growth companies with proven business models, the fund will be dedicated to tech start-ups and innovation-led companies specialized in sectors including information technology telecommunications as well as clean energy technologies.
Abu Dhabi’s Mubadala participates in Proximal AR’s $80mln funding round
The funding round was led by Advent Life Sciences, one of the leading trans-Atlantic ventures. Launched in 2016, Proximal is a tool allowing surgeons to virtually “scrub in” to any operating room in the world. 5 billion people currently lack access to safe surgery
Lionbird launches an $85 million fund to support US-focused healthcare startups in the Middle East
Lionbird venture capital firm has partnered with Al Waha Fund of Funds to launch an $85 million investment fund to back US-focused healthcare startups in the Middle East and North Africa
Saudi Arabia-based fintech startup Hyperplay raises $36.7 million
The funds will be used to improve its tech team, build out new products, and support its expansion into Egypt, Qatar, and Oman
UAE-based Dukkantek raises $5.2 million to boost online store management
The firm will use the fund to expand its presence in the GCC areas, advance its technology stack, and better serve its customer base
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