Vennre raises $9.6M Pre-Series A to expand private market access in MENA
MENA-focused wealth platform Vennre secures hybrid equity-debt funding round co-led by Vision Ventures and anb seed Fund, with participation from regional and global investors.
Saudi Arabia
Luma AI Raises $900 Million Led by HUMAIN to Power 2GW AI Supercluster in Saudi Arabia
Luma AI has raised $900M in Series C funding led by HUMAIN to accelerate its multimodal world models, with Saudi Arabia’s 2GW Project Halo supercluster set to power the company’s next stage of large-scale AI training.
Saudi proptech Ghanem secures $7.1 million from Al-Romaih Group
Saudi proptech startup Ghanem has raised $7.1 million from Al-Romaih Group to expand its fractional real estate investment platform, enhance its technology, and accelerate product development under REGA’s regulatory sandbox.
Saudi’s WakeCap acquires Brazil’s Trackfy to expand into Latin America
WakeCap has acquired Brazil-based Trackfy to accelerate its expansion into Latin America and extend its project intelligence platform beyond construction into industrial operations, strengthening its position at the intersection of AI, IoT, and global infrastructure growth.
SBI Enters Saudi Arabia with AstroLabs to Drive Data and AI-Led Innovation
Global consultancy SBI has entered Saudi Arabia with AstroLabs, strengthening its presence in the region’s booming AI and data sector. The Riyadh office marks a key step in supporting Vision 2030 and driving innovation-led transformation.
BRKZ Secures $30 Million Debt from Stride Ventures to Boost Saudi Construction Sector
BRKZ has secured a $30 million growth debt from Stride Ventures to expand financing solutions for Saudi Arabia’s booming construction sector, empowering contractors and driving Vision 2030 projects.
Jeel and Mambu Partner to Accelerate Saudi Arabia’s Fintech Innovation and Enable Banking as a Service (BaaS)
Jeel, the innovation arm of Riyad Bank, joins forces with Mambu to boost Saudi Arabia’s fintech ecosystem through the Jeel Sandbox, advancing Vision 2030 and Banking-as-a-Service.
Saudi Startup Expo 2025: Empowering the Saudi Startup Ecosystem
Join Saudi Startup Expo 2025 in Riyadh on Nov 12-13 to connect startups, investors, and partners shaping the Kingdom’s innovation ecosystem.
Humanoid (UK) Partners with QSS AI & Robotics to Advance Humanoid Robotics in Saudi Arabia
The collaboration will localize manufacturing, deploy robots across industries, and open a flagship robotics experience centre in Riyadh, strengthening Saudi Arabia’s role as a MENA tech leader.
Cuzdan LLC Partners with PayTabs Group to Drive Azerbaijan’s Digital Payments Growth
Cuzdan launches nationwide payment orchestration platform powered by PayTabs' technology to boost financial inclusion and unlock opportunities for businesses and consumers.
Saudi Arabia’s fintech startup Bwatech scores $16 Million to Expand Corporate Financial Solutions
Saudi fintech startup Bwatech has raised $16 million in a Sharaka Financial-led round to scale its corporate banking solutions, advance open banking infrastructure, and accelerate Saudi Arabia’s financial sector transformation under Vision 2030.
Saudi Arabia’s Spare Raises $5 Million to Transform Open Banking Across MENA
Riyadh-based fintech will use funding to scale API integrations, enhance product development, and accelerate regional adoption of secure, real-time financial connectivity.