VC
SaaS
+4
Sep 10, 2026
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1 min read
Saudi used-car platform Carly takes Pinnacle investment in primary-secondary deal
The undisclosed transaction is the first investment from Pinnacle’s new growth and secondaries fund, launched last month to back later-stage Saudi tech companies while providing liquidity to existing shareholders.
News
+1
Aug 21, 2026
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3 min read
What VNV’s portfolio marks imply for Breadfast, Baly, Vezeeta and Wasoko
The Stockholm-listed investor’s first-half accounts offer a rare read-through on private-market values across its MENA portfolio, with Breadfast held at its latest funding round, Baly marked higher and Vezeeta, El Basharsoft and Wasoko written down.
News
+2
Aug 21, 2026
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1 min read
Exits MENA acquires Avanz Capital Egypt, adding fund management to its advisory platform
The regulated asset manager will be rebranded Exits Manara and launch a second fund aimed at Egyptian exporters.
VC
+2
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.
Jordan
+4
Jul 10, 2026
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1 min read
Jordan's ISSF partners with STV to bring the Google-backed AI Fund to Jordanian founders
The tie-up marks ISSF's second fund partnership in a month after its $7 million commitment to Endeavor Catalyst V opened the Kingdom's second investment phase.
Fintech
+2
Jun 26, 2026
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2 min read
PayPal Ventures winds down, leaving its $100M Middle East and Africa pledge in limbo
Nine months after PayPal committed $100 million to startups across the Middle East and Africa, the corporate venture arm meant to deploy much of it has paused new investments.
Funding
+4
Jun 24, 2026
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2 min read
Abu Dhabi's MGX raises close to $50B in one of the largest AI funds ever
The firm has assembled a portfolio spanning frontier models, semiconductor infrastructure and data centres, with stakes including OpenAI and xAI.
Oman
+4
Jun 23, 2026
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2 min read
Oman's Phaze Ventures backs Metal, the AI fundraising startup from Airlift founder Usman Gul
Metal sells software to help founders run the fundraising process, built by Usman Gul, whose previous company, the grocery-delivery startup Airlift, raised Pakistan's largest-ever round before collapsing in 2022.
Jordan
+2
Jun 11, 2026
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1 min read
Jordan's ISSF commits $7M to Endeavor Catalyst V
It’s a returning LP, having committed $2 million to Endeavor Catalyst III back in 2020, making this week's cheque a more than threefold increase on its previous publicly disclosed exposure.
News
+4
Jun 5, 2026
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2 min read
Anthropic files for IPO after $65bn round at $965B valuation as QIA and MGX both deepen Gulf stakes
The filing makes Anthropic the third major AI company to move toward a public listing in 2026, following Cerebras, which listed on the Nasdaq in May at a $70B valuation, and ahead of rival OpenAI.
News
+2
Jun 3, 2026
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1 min read
Dubai's du launches $50m corporate venture fund managed by Shorooq
The mandate adds another vehicle to a rapid expansion at Shorooq, which also launched the $100 million Presight-Shorooq Fund I, in partnership with G42's ADX-listed AI arm Presight in late 2025.
Jordan
+2
May 20, 2026
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1 min read
JCIF launches Manara Ventures, a $70M growth fund for Jordanian tech startups, backed by Abu Dhabi's Lunate
The launch represents JCIF's first move into venture capital after deploying over JOD 100 million across six Jordanian companies since it began investing in 2023.
Deeptech
+3
May 15, 2026
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1 min read
Qatar Foundation's QSTP launches $30M deep tech venture fund
The fund's inaugural cohort of co-investment partners includes Global Ventures, Golden Gate Ventures, White Star Capital, VentureSouq and Builders VC, which is part of QIA's Fund of Funds programme.
Startups
+4
May 8, 2026
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1 min read
Saudi early-stage VC Khwarizmi Ventures closes Fund II first close at $70M
Fund II will invest $1 million to $5 million initial cheques into seed and Series A startups across the GCC, up from the $500,000 to $2 million range in Fund I.
News
+3
Apr 20, 2026
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2 min read
Speedinvest launches flagship Middle East and Africa fund backed by Mubadala, QIA and EIB Global
The fund is led by partners Deepali Nangia and Rana Abdel Latif and will invest across fintech, embedded finance, health, climate, AI, consumer and digital infrastructure in markets spanning MENAPT and Sub-Saharan Africa.
