Edition No. 002 Riyadh 37° · Dubai 35° · Cairo 28° Next edition Wed 07:00 GST
A fund bigger than $10B, sukuk stapled to equity, a studio graduate, a listed champion co-leading a Series A and a storefront buying its payment rail. Who wins.
RIYADH
A morning read and a free, public deal tracker for the Gulf and the wider region. Here is what lands in your inbox, how records are made, and how to send us a move.
The Saudi e-commerce platform buys a SAMA-licensed payments company for an undisclosed sum, adding online and in-person acceptance, SoftPOS and multi-currency.
The Riyadh car-buying platform takes an inside round from an existing investor to expand nationwide delivery and platform operations.
The Saudi corporate-travel platform takes SAR 94.3M, with Artal Capital, stc's tali ventures and Aljazira Capital, to launch embedded deferred payments for large enterprises.
BSF Capital would manage a debt-and-equity vehicle to finance 250 MW of capacity built with Al Moammar Information Systems, with a path to 1 GW.
The PIF-owned AI champion will run the vehicle from Saudi, the US, France and the UK, with a Saudi-only fund called HUMAIN Limitless alongside it.
The first Sanabil Studio venture to close an institutional round, led on equity by Idrisi Ventures with a debt facility from BLOMINVEST, announced at LEAP.
The profitable YC W23 logistics platform takes SAR 37.5M from a listed PIF digital champion and a regional VC, with Y Combinator, COTU and D Global in the round.
Fuze Finance to BitOasis
The CoinDCX-owned MENA crypto exchange, with roughly $8.5B in cumulative spot volume, hands the desk to an ex-HSBC, Deutsche Bank and Fuze Finance executive.
The latest records. Every funding round, fund and acquisition in MENA tech, dated and sourced.
10 of 10 records
| Company | Stage | Lead | Heat | Story | ||
|---|---|---|---|---|---|---|
| RIYADH | Salla (acquires Paylink)SA | ACQUISITION | Undisclosed | — | Read via Wamda | |
| RIYADH | SyarahSA | GROWTH | $12M | Impact46 | Read via Wamda | |
| RIYADH | FlyAkeedSA | GROWTH | $25.15M | Sanabil Investments | Read via Wamda | |
| RIYADH | HUMAINSA | FUND | Undisclosed >$10B planned | HUMAIN (PIF) | Read via Semafor | |
| RIYADH | HUMAIN data-centre fundSA | FUND | $2.5B(reported) | BSF Capital (manager) | Read via Bloomberg via Investing.com | |
| RIYADH | NaylaSA | PRE-SERIES A | $18M | Idrisi Ventures | Read via Wamda | |
| RIYADH | SirdabSA | SERIES A | $10M | Elm, BECO Capital | Read via Wamda | |
| CAIRO | 3C Coding SchoolEG | SEED | $3M | MRG Economic Group | Read via Wamda | |
| KUWAIT CITY | COFE TechKW | PRE-IPO | Undisclosed $178M valuation | Wa'ed Ventures, Aditum Investment Management | Read via Wamda | |
| DUBAI | EnhanceAE | GROWTH | $18.2M | Global Ventures | Read via Wamda |
The Morning Edition
Every move in MENA tech, Monday to Thursday at 07:00 Gulf time. Read in four minutes.
Plus: FlyAkeed $25.15M leads the week · Enhance $18.2M and Nayla $18M · Sanabil wrote the biggest cheque
Plus: FlyAkeed $25.15M · Sirdab $10M Series A · Salla buys Paylink
