They defy odds and champion change. #StartupScene is the story of the Middle East's fiercest entrepreneurs. A part of @MO4Network.
Cairo, Egypt
Joined November 2016
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UAE-based insuretech Soter Insure has secured new investment from SC Ventures, the investment arm of Standard Chartered, and Japan’s SBI Group as part of the second closing of its Series B funding round.
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Saudi cybersecurity company COGNNA has received investment from Wa’ed Ventures to support its expansion and further develop its AI-powered security operations offering. Financial terms of the deal were not disclosed.
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NEO Ventures, SC Ventures and LuLu Financial Services have launched HAL, a digital B2B marketplace designed to bring banking, payments, logistics and other business services into a single platform for small and medium-sized enterprises in the UAE.
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GCC-based venture studio Persona has raised $630,000 in pre-seed funding led by Upturn to expand its model of building consumer brands around creators, fan communities and media intellectual property.
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Egyptian payments infrastructure startup enza has raised $6 million in a seed+ round to expand across Africa, with 4DX Ventures leading the investment and British International Investment joining as a new backer.
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Dubai Future Foundation has launched The Pitch, inviting startups to present at Dubai Future Week for a chance to advance to the Shark Tank Dubai Finale.
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Global payments and fintech company Lianlian DigiTech has opened its Middle East regional office at Dubai International Financial Centre, expanding its cross-border payment and treasury operations from Dubai.
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YS Lootah Robotics has opened a dedicated showroom for humanoid and service robots on Sheikh Zayed Road in Dubai, with live demonstrations ranging from coffee-making systems to cleaning machines and interactive humanoid assistants.
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UAE-based artificial intelligence startup AIREV has closed an undisclosed strategic funding round with participation from Singapore’s Terra Invest.
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US-headquartered adtech startup Journify has raised $12 million in a Series A funding round led by Morocco’s Al Mada Ventures and co-led by returning investor Silicon Badia.
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The UAE government has launched an Annual Government Challenge designed to encourage government employees and teams to develop new solutions for public services, operations and government projects.
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Bahrain-based alternative investment firm Arcapita plans to invest an additional $1.5 billion in industrial and logistics real estate across the Gulf Cooperation Council over the next 24 months.
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Global insurance broker Marsh plans to expand its Bahrain operations to include captive insurance management services, which would make it the first international broker to offer such services in the Kingdom.
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EFG Hermes has launched Younit, a retail algorithmic trading API platform designed to give traders, developers and students broader access to its trading infrastructure in Egypt and across the region.
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Global insurance broker Marsh plans to expand its Bahrain operations to include captive insurance management services, which would make it the first international broker to offer such services in the Kingdom.
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Jordan’s Cabinet has approved financial incentives for satellite communications infrastructure projects worth more than $10 million, alongside a National Circular Economy Roadmap setting out resource and recycling priorities through 2050.
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Ahead of the December 4th ceremony of Egypt's Entrepreneur Awards, the first regional category signals a bigger play for the future of the awards.
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US-based AI data cloud company Snowflake plans to invest $300 million in Saudi Arabia through 2030, expanding its local cloud infrastructure while supporting data and artificial intelligence skills development.
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Egyptian renewable energy startup NoorNation has raised $1.05 million in seed funding to expand solar-powered irrigation and decentralised energy systems for farms and off-grid communities.
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Aramco has completed the acquisition of a 49% stake in Saudi AI company HUMAIN, with the Public Investment Fund retaining the remaining 51% ownership.
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