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HUMAIN's $10B VC fund could grow larger, Keeta turns profitable in Saudi

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Gaia raises $1.5M led by SEEDRA to build sovereign AI layer for Saudi enterprises

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HUMAIN starts IPO preparations 16 months after launch, with revenues still undisclosed

The Saudi AI company says its compute is selling before it is built, but an eventual public-market pitch will need to show who is paying for it and how much demand comes from outside the Kingdom’s state-backed ecosystem.

Jamie Lane

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Sep 7, 2026

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🇦🇪 UAE

Sep 7, 2026

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Sav raises $3.5M pre-Series A led by Phoenix Venture Partners for Saudi expansion

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Alaan gets in-principle UAE approval for SVF and payments licences as it pushes into business banking

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🇸🇦 KSA

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Gaia raises $1.5M led by SEEDRA to build sovereign AI layer for Saudi enterprises

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Sav raises $3.5M pre-Series A led by Phoenix Venture Partners for Saudi expansion

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HUMAIN starts IPO preparations 16 months after launch, with revenues still undisclosed

🇪🇬 EGYPT

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Swvl secures $13M investment led by Sawiris-backed Coefficient as it targets US expansion

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WEEKLY ROUND-UP

HUMAIN's $10B VC fund could grow larger, Keeta turns profitable in Saudi

LATEST EPISODE

How Quiqup Rebuilt From Dubai

LATEST STORY

Gaia raises $1.5M led by SEEDRA to build sovereign AI layer for Saudi enterprises

HUMAIN starts IPO preparations 16 months after launch, with revenues still undisclosed

MOST POPULAR

PayTabs agrees $100M-plus deal for Amazon Payment Services’ MENA operations

Sav raises $3.5M pre-Series A led by Phoenix Venture Partners for Saudi expansion

Keeta records first profitable month in Saudi Arabia after 22 months as delivery price war bites

🔒 Premium content

Inside Talabat’s numbers: is it undervalued?

A terrible business, but an amazing Trojan horse

Digging into Travis Kalanick’s $2B Gulf food computer

Learn what matters in MENA startups and VC

Weekly Round-ups

Latest episodes

News

Interviews

🇦🇪 UAE

Sav raises $3.5M pre-Series A led by Phoenix Venture Partners for Saudi expansion

Alaan gets in-principle UAE approval for SVF and payments licences as it pushes into business banking

Adam Neumann’s Flow enters UAE with DIFC licence, targets first openings in early 2027

🇸🇦 KSA

Gaia raises $1.5M led by SEEDRA to build sovereign AI layer for Saudi enterprises

Sav raises $3.5M pre-Series A led by Phoenix Venture Partners for Saudi expansion

HUMAIN starts IPO preparations 16 months after launch, with revenues still undisclosed

🇪🇬 EGYPT

Swvl secures $13M investment led by Sawiris-backed Coefficient as it targets US expansion

Saudi's Khwarizmi Ventures partially exits Bosta at around 3x

Exits MENA acquires Avanz Capital Egypt, adding fund management to its advisory platform

Learn what matters in
MENA startups and VC