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Saudi Arabia

+4

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

Aug 21, 2026

•

1 min read

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

The Saudi venture firm, which first backed Bosta at Series A and invested in two subsequent rounds, has partially sold its stake in the Egyptian logistics company at a net multiple of about 3x.

Jamie Lane
Jamie Lane

VC

+2

Moove raises $250M at $2.1B led by Abu Dhabi's Mubadala to build the depot layer for robotaxis

Aug 5, 2026

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2 min read

Moove raises $250M at $2.1B led by Abu Dhabi's Mubadala to build the depot layer for robotaxis

The Dubai-headquartered company's valuation is 2.8x the $750 million it commanded in its $100 million round Uber led in 2024.

Jamie Lane
Jamie Lane

News

+2

Egypt's Fincart raises $2.8M seed to take its e-commerce operations platform across MENA and Africa

Jul 27, 2026

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1 min read

Egypt's Fincart raises $2.8M seed to take its e-commerce operations platform across MENA and Africa

The oversubscribed round is co-led by Launch Africa and Antler MENAP, backing a platform that connects merchants to more than 40 couriers and lends against their sales data.

Jamie Lane
Jamie Lane

Analysis

+2

Does CargoX's $250M bet on drone delivery in the Gulf make sense?

Jun 10, 2026

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18 min read

Does CargoX's $250M bet on drone delivery in the Gulf make sense?

The man who rang the bell on Talabat's $10B IPO is back with a $250M warchest. We piece together what CargoX actually is, where in the delivery chain the economics genuinely work, and dig into the UAE's regulatory tailwinds.

Jamie Lane
Jamie Lane

Startups

+4

Ex-talabat chief Tomaso Rodriguez to lead $250M autonomous delivery venture CargoX

Jun 2, 2026

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2 min read

Ex-talabat chief Tomaso Rodriguez to lead $250M autonomous delivery venture CargoX

The funding round, led by Abu Dhabi's BlueFive Capital, reunites Rodriguez with the delivery sector seven months after he stepped down as talabat chief executive, and follows BlueFive's record $230m seed into the Islamic digital bank Mal in January.

Jamie Lane
Jamie Lane

Startups

+4

TruKKer secures up to $300M facility from ADCB as digital freight network unlocks institutional bank financing

May 15, 2026

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1 min read

TruKKer secures up to $300M facility from ADCB as digital freight network unlocks institutional bank financing

Founded in 2016 by Gaurav Biswas, TruKKer connects more than 60,000 transporters with over 1,200 enterprise clients across 40 countries.

Jamie Lane
Jamie Lane

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