Funding
Funding rounds, venture capital, private equity, and the investors backing startups and scaling businesses.
Emkan Capital Leads $12M Series A Into Saudi Healthtech Aumet
The round brings in QDB, SABAH Fund, and AAIC as Aumet scales its AI procurement OS beyond pharmacies.
Saudi Arabia-based healthtech Aumet has closed a $12 million Series A round led by Emkan Capital, with backing from Qatar Development Bank, SABAH Fund, AAIC, and existing investors Shorooq Partners and Right Side Capital Management. The capital will fund AI expansion, enterprise deployments, and growth across the GCC. Aumet operates an AI-first procurement platform serving more than 12,000 pharmacies and 32 hospitals across Jordan, Egypt, and Saudi Arabia.
Khwarizmi Ventures Lands $70M+ First Close for GCC-Focused Fund II
The Saudi VC matched its 2021 Fund I size at first close, with $1M to $5M cheques aimed at seed and Series A startups.
Saudi venture firm Khwarizmi Ventures has announced the first close of its second fund at over $70 million, backed by institutional investors and family offices. The fund will write $1 million to $5 million cheques into seed and Series A startups across the GCC, with a sector-agnostic remit weighted toward fintech, consumer tech, and AI.
Mubadala Backs UAE SME Lender CredibleX in $15 Million Series A
The Abu Dhabi sovereign fund's MENA Venture Capital Fund led the round, with Further Ventures returning as a backer.
CredibleX, an embedded finance lender for UAE small and medium-sized businesses, has closed a Series A round led by Mubadala Investment Company as part of a broader $15 million equity raise. The new capital will fund platform expansion, partner growth, and upgrades to the company's technology and data stack.
Madeed Raises $925K to Build Preventive Healthcare Platform in Saudi Arabia
New investors SEEDRA Ventures, Unity Investment Partners, and Seen Growth back the Saudi preventive health platform.
Saudi healthtech Madeed has closed its pre-seed round at $925,000, with new investors SEEDRA Ventures, Unity Investment Partners, and Seen Growth joining earlier backers. The platform offers personalised preventive care built around lab testing, biomarker analysis, and tailored supplement plans. The capital will go toward product development and clinical partnerships in Saudi Arabia.
Mubadala, QIA and EIB Global Anchor Speedinvest's First MEA Fund
The European venture firm's regional debut opens a fresh capital lane for Lebanese cross-border founders.
Vienna-based Speedinvest has launched its first dedicated Middle East and Africa fund, anchored by Mubadala, QIA, and EIB Global. The vehicle gives Lebanese founders building cross-border companies a more direct line to Gulf sovereign and European public capital.
Egypt's Sinai.ai Lands $1.45M Pre-Seed for AI-Native Books
Egyptian startup builds interactive books with generative AI, targeting localised learning across MENA.
Egyptian startup Sinai.ai has reportedly raised $1.45 million in a pre-seed round to develop AI-native interactive books. The company is positioning itself in the growing edtech category that combines applied generative AI with localised learning content across the MENA region.
Gulf Capital and Athletes Back WHOOP's $575M Round
The Boston wearables company drew backing from regional sovereign wealth groups and professional athletes.
WHOOP, the Boston-based maker of fitness wearables, has closed a $575 million funding round that drew capital from Gulf sovereign wealth funds and a group of professional athletes. Wamda reported the deal, which adds another US health tech name to the list of companies pulling in MENA money at scale.
$15 Million Series A Pushes Saudi Signit Into AI Contract Management
Raed Ventures led the round as the Riyadh startup expands from e-signatures into AI-powered contract lifecycle tools.
Saudi startup Signit has closed a $15 million Series A round led by Raed Ventures, with participation from STV, Seedra Ventures, Takamol Ventures, and Suhail Ventures. The company plans to expand beyond digital signatures into a full AI-powered contract lifecycle management platform for government and enterprise clients.
