Startup Financing

It paves the way for the launch for their specialized Arabic machine translation engine, which will utilize AI and other tech products.

The partnership with Maharah is expected to accelerate Bloovo's growth across the GCC region.

The US$200 million is the first close of a Series F funding round in which the company expects to raise over $500 million.

The fintech enterprise that helps financial institutions digitize their operations, has raised US$1 million.

Founded in 2013, the ServiceMarket portal helps residents compare quotes and book over 35 different home services online.

The startup aims to utilize the funding proceeds to expand Mawdoo3's library of Arabic content.

Small business owners in the UAE sound off on their experience working with the country's financial institutions.

The investment comes from major regional and global VC firms including Shorooq Investments, Middle East Venture Partners (MEVP), 500 Startups, Dubai-based Women's Angel Investor Network, Hala Ventures from Saudi, and Saned Partners from Lebanon.

The deal is expected to lead to an increase in the number of the fleet of Tawseel's delivery vehicles enabling them to provide faster services to customers, and expand to new markets to cover the UAE, KSA, other Gulf nations, and globally.

Aqeed was built to accelerate the digital transformation of the conventional insurance sector in the region, and align it with global trends.

This is the startup's first fundraising round involving external investors.

Lamsa's platform hosts a library of content (tailored for children aged up to 12 years old) including stories, games and videos that are incorporated with the local Arabic flavor and values, and meet international standards.

Starting your own business often means getting into debt.

The investment came from KSA-based Saudi Technology Ventures (STV), a $500 million VC fund anchored by Saudi Telecom, as lead investors, with the participation of UAE-based early-stage funding platform, VentureSouq.

The investment has brought with it a new look and added capabilities for the enterprise, and will help move Hopscotch's offerings to a digital platform.

Under the program, a selected pool of individual 'scouts' will make small ticket investments in projects within their various areas of expertise, backed by funding from BeyondCapital.

MAGNiTT founder and CEO Philip Bahoshy on the company's recent fundraising round, led by 500Startups, with investors Middle East Venture Partners (MEVP), KISP Ventures, Financial Horizon Group, and iNet.

THE LIST brings curated luxury products from global boutiques to the Middle East- thus enabling customers to shop straight from the streets of Paris, London, Milan, New York, Moscow or Tokyo.

Initial coin offerings (ICOs) are exploding in popularity, but both offerers and investors need to understand the regulatory landscape to avoid getting burned, write Latham & Watkins' Brian Meenagh, Lee Irvine, and Eyad Latif.

As someone who rarely invests in startups that "have been shopped around," Shehada prefers playing the waiting game on his potential investees, but once having invested, he plays an active role in the startup's growth.

E-commerce platform Mumzworld.com continues to go from strength to strength as it announces the closure of its fifth round of funding to date.