Alpha Intelligence Capital and Dutch Founders Fund led a USD9.5m Series A for Vamstar, a UAE-based AI-enabled sourcing and procurement platform for medical supplies and pharmaceuticals, with follow-on from btov Partners and Antler. Read more… Read More
Sequoia Capital India led a USD37m Series A for UAE-based proptech Huspy, with participation from Founders Fund and Fifth Wall, and follow-on from Breyer Capital, VentureFriends, COTU, BY Venture Partners and VentureSouq. Read more… Read More
DisruptAD, Reciprocal Ventures and Shorooq Partners led a USD22.5m round for UAE-based Banking as-a-Service provider NymCard, with participation from Chimera, DFDF, Knollwood, Endeavor Catalyst, OTF Jasoor Ventures and additional new and existing investors. Read more… Read More
Toters, a Lebanon-based super app that began as a food delivery service, raised a USD18m Series B from IFC, March Holding and existing investor B&Y Ventures, along with undisclosed investors. Read more… Read More
PIF acquired a 23.97% stake in Jordan-based banking group Capital Bank Group for USD185m. Read more… Read More
Gulf Islamic Investments acquired 100% of UAE-based digital bank Anglo-Gulf Trade Bank from Mubadala Investment Company for an undisclosed amount. Read more… Read More
Dubai-headquartered logistics company Aramex agreed to acquire MyUS, a cross-border e-commerce platform based in the US, for USD265m. Read more… Read More
The Public Investment Fund acquired a 16.87% stake in Kingdom Holding, the Saudi Arabia-based investment company controlled by Prince Alwaleed bin Talal, in a deal valued at USD1.5b. Read more… Read More
Abu Dhabi-listed Alpha Dhabi Holding committed USD2.5b to Alpha Wave Ventures II, a venture fund launched by Chimera Capital and Alpha Wave. The vehicle will invest in high growth, tech-enabled and tech-driven companies across AI, fintech, life sciences, consumer internet and B2B globally. Read more… Read More
Cherry Ventures and Shorooq Partners led a USD12m seed round for UAE-based fintech Pemo, with participation from FinTech Collective, Speedinvest, BY Venture Partners, Antler and angels. Read more… Read More
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