Tamara Receives $150M Debt Facility
Tamara, a Riyadh, Saudi Arabia-based shopping and payments platform, received a $150m debt facility.
Saudi Arabia
Cofe Raises $15M in Series B Funding
Cofe, a MENA’s premiere online coffee marketplace, raised $15M in Series B funding.
Manafa Raises $28M In Series A Funding
Manafa, a Saudi Arabia-based debt and Investment company, raised $28M in Series A funding.
Merced Launches $100M Investment Fund for Sustainability in Saudi Arabia
Merced, a Riyadh, Saudi Arabia-based venture capital firm, closed a sustainability investment fund, at $100m.
Unifonic Acquires Sestek
Unifonic, a Riyadh, Saudi Arabia-based provider of a communications platform as a service (CPaaS), acquired Sestek, an Istanbul, Turkey-based R&D-focused AI-powered conversational automation company.
TruKKer Raises $100M in Pre-IPO Funding Round
TruKKer Holding Limited, a Riyadh, Saudi Arabia-based digital freight network operating in MENA region, raised $100M in Pre-IPO funding.
Retailo Raises $36M in Series A Funding
Retailo, a Riyadh, Saudi Arabia-based startup digitizing the region’s retail supply chains, raised $36m in Series A equity and venture debt funding.
Lamaa Raises $5.5M in Seed Funding
Lamaa, a Riyadh, Saudi Arabia-based fintech startup, raised $5.5M in seed funding.
Accenture Closes Acquisition of Saudi Arabian AppsPro
Accenture (NYSE: ACN) completed the acquisition of AppsPro, a Riyadh, Saudi Arabia-based Oracle Cloud implementation service provider.
Pure Harvest Smart Farms Raises USD 64.5M in Growth Funding
Pure Harvest Smart Farms, an Abu Dhabi – United Arab Emirates-based company focused on sustainable technology-enabled agribusiness, raised USD64M in Growth funding.
Accenture Acquires AppsPro
Accenture (NYSE: ACN) is to acquire AppsPro, a Riyadh, Saudi Arabia-based Oracle Cloud implementation service provider.
Techstars and MCIT Launch The Riyadh Techstars Accelerator
Techstars and the Ministry of Communications and Information Technology of the Kingdom of Saudi Arabia have partnered to launch The Riyadh Techstars Accelerator.
500 Startups Partners with Sanabil Investments To Launch Accelerator
500 Startups, one of the most active global early stage venture capital firms, has partnered with Sanabil Investments, a financial investment company focused on global private investments in venture capital, growth and small buyout, to launch the Sanabil 500 MENA Seed Accelerator Program in Riyadh.
FlexxPay Raises Pre-Series A Funding Round
FlexxPay, a fintech company focusing on employee benefit solutions, raised a pre-series A funding round of undisclosed amount.
HyperPay Closes 8-Digit Funding Round
HyperPay, a Riyadh, Saudi Arabia-based payment processing company, closed an 8-digit funding round.