News
CNTXT AI closes $60 million Series A to deploy secure AI infrastructure worldwide
1+ week, 3+ day ago (212+ words) News " 16 June, 2026 CNTXT AI, a UAE-based data and AI company that enables companies and institutions to develop AI solutions while maintaining full sovereignty over their data, announced the successful closing of a $60 million Series A funding round. Mohammad Abu Sheikh,…...
Sovra lands $2 million+ pre-seed led by Pharsalus Capital
1+ week, 3+ day ago (367+ words) News " 16 June, 2026 Directly from their mobile phones, Sovra users can hold digital dollars, earn yield, send money globally in seconds, and spend with a card that works anywhere. All from a self-custodial account that can only be accessed by the…...
Algebra AI secures $7 million to deliver managed AI services for mid-market companies
2+ week, 2+ day ago (397+ words) News " 10 June, 2026 Algebra AI today announces its official launch, emerging from stealth with clients across the financial services, food and beverage, distribution and manufacturing sectors and $7 million in financing from investors including Infinity Constellation, BECO Capital, Silicon Badia and Waseel…...
MENA startups raise $454. 7 million in May 2026, led by debt financing
2+ week, 4+ day ago (526+ words) Nesma Abdel Azim " 08 June, 2026 At first glance, investment activity across the Middle East and North Africa (MENA) appears to have rebounded strongly in May 2026. Startups in the region raised a combined $454. 7 million across 33 deals, marking a 202% month-on-month increase and a…...
Anara Impact Capital announces $48 million first close of MENA-focused fund
3+ week, 1+ day ago (523+ words) News " 03 June, 2026 Anara Impact Capital, an impact venture capital firm investing across the Middle East & North" Africa, today announced the first close of its debut fund at $48 million, marking a significant" milestone toward its $50 million target fund size." The fund…...
du, Shorooq partner on $50 million fund to to back regional startups
3+ week, 2+ day ago (327+ words) Wamda - UAE-based telecom operator du has launched du Ventures, a $50 million corporate venture capital fund, in partnership with investment firm Shorooq, to support startups developing emerging technologies across the UAE and the wider region. - The fund will invest in startups…...
JCIF unveils Manara Ventures, a $70 million growth fund for Jordanian tech companies
1+ mon, 1+ week ago (425+ words) Wamda - Jordan Capital and Investment Fund (JCIF) has launched Manara Ventures, a JOD 50 million ($70. 5 million) scale-up fund focused on Jordanian technology and innovation-driven startups. - The fund secured backing from regional institutional investors, including Abu Dhabi-based investment firm Lunate, and was…...
Dealfuze launches AI-powered investor-founder matchmaking platform
1+ mon, 1+ week ago (212+ words) Press Release " 18 May, 2026 Dealfuze, a London-based platform with deep MEA roots, today announced the launch of its closed beta waitlist alongside the region's first algorithmically curated Online Demo Day, taking place on May 20, 2026. Built to modernise venture discovery across the…...
UAE-based e Voost AI expands globally after $2. 2 M funding round
1+ mon, 1+ week ago (329+ words) News " 18 May, 2026 e Voost AI, the Abu Dhabi-based proptech startup, has raised "2 million ($2. 2 million) in a funding round led by First Drop VC, as the company accelerates the development of its AI-powered residential sales platform and expands further into international…...
Dealfuze launches AI-powered demo day platform
1+ mon, 1+ week ago (212+ words) Press Release " 18 May, 2026 Dealfuze, a London-based platform with deep MEA roots, today announced the launch of its closed beta waitlist alongside the region's first algorithmically curated Online Demo Day, taking place on May 20, 2026. Built to modernise venture discovery across the…...