NEWS
Castro17 Establishes $500M Capital Channel for UAE Startups via Swiss Stock Exchange
Castro17 has activated a $500 million Actively Managed Certificate (AMC) on the SIX Swiss Stock Exchange, creating a new strategic capital markets channel for high-potential startups and businesses in the UAE. This initiative aims to connect promising regional ventures with institutional investors.
Presight's AI Fund Invests in Six Early-Stage Startups
Abu Dhabi-based Presight, in collaboration with Shorooq Partners, has announced its first six investments from its $100 million AI Innovation Ecosystem fund. This move signals a significant boost for early-stage AI startups, providing crucial capital and strategic support to emerging technologies in the region.
Utexo Raises $7.5M Seed Led by Tether for Bitcoin Stablecoin Payments
UAE-based Utexo secures $7.5M from Tether and Franklin Templeton to enable sub-second USDT settlements on Bitcoin.
SMC Media Announces Plans to Acquire Stake in Aleph Group
Saudi media group signs term sheet for JV managing digital ad assets across MENA/Turkey, plus minority stake in global Aleph operations.
TruDoc Healthcare Raises $15M From Al Nahyan and Al-Ketbi Families
UAE healthtech TruDoc secures $15M from prominent Emirati families to scale its virtual-first hospital-at-home care platform across the GCC.
Stake Closes $31M Series B Led by Emirates NBD With Mubadala Participation
Dubai proptech Stake raises $31M Series B led by Emirates NBD with Mubadala to expand into Saudi Arabia and the US.
Yozo.ai Raises $1.7M Pre-Seed for AI E-Commerce Revenue Engine
UAE startup Yozo.ai closes $1.7M pre-seed to automate e-commerce retention marketing with AI agents across email, WhatsApp, and SMS.
Property Finder Secures $170M Investment Led by Mubadala
Property Finder lands $170M from Mubadala and a sovereign fund, bringing total equity to nearly $700M as it builds a regional proptech OS.
skrooge.ai Raises $1.85M Seed for AI-Powered Accounting for UAE SMEs
Dubai-based skrooge.ai closes $1.85M seed to automate accounting and tax compliance for UAE's 70,000+ newly registered businesses.
Abu Dhabi's Mal Raises Record $230M to Build AI-Native Islamic Digital Bank
Abu Dhabi fintech Mal secures $230M — the largest seed round in MENA history — to launch an AI-native Islamic digital bank.
Middle East Venture Capital Hits Record as International Investors Flock to Gulf
Bloomberg: Middle East VC hit $3.8B across 688 deals in 2025, up 74%, as global investors pour capital into UAE and Saudi ecosystems.
Lucid Capital Closes $2.5M Seed With $200M Commitments for AI Trading
UAE-based Lucid Capital raises $2.5M seed and secures $200M in institutional commitments for AI-driven algorithmic trading.
Zinit Raises $8 Million Seed Round for AI Procurement Platform
Dubai-based Zinit closes $8M seed at a $48M valuation for its AI-native procurement platform serving 100+ enterprise clients globally.
Revibe Raises $17 Million to Scale Refurbished Electronics Marketplace
Dubai-based Revibe secures $17M led by Partech to expand its refurbished electronics marketplace across the GCC and South Africa.
Wio Bank Eyes Dh100 Billion Club as UAE's Fastest-Growing Digital Lender
Wio Bank CEO says the digital lender aims to double assets to Dh100B within 2-3 years, growing at 8-10x the industry rate.
Dubai-based Fintech Ziina Raises $22M Series A
Ziina raised $22M Series A led by Altos Ventures, evolving from a peer-to-peer payment app into a full financial ecosystem for consumers and SMEs.
Saudi National Bank Launches SME Financing with Tarabut and Geidea
SNB partners with Tarabut for open-banking-powered SME financing, demonstrating enterprise-grade traction.
Alaan Raises $48M in One of the Largest MENA Fintech Series A Rounds
Alaan raises $48M Series A led by Peak XV Partners to scale AI-powered spend management across MENA.
UAE Proptech Huspy Raises $59M Series B to Scale in Europe
Huspy closes $59M Series B led by Balderton Capital to expand its mortgage platform into Spain and Saudi Arabia.
Prop AI Secures $1.5 Million Pre-Seed for AI Real Estate Analytics
Prop AI raises $1.5M pre-seed led by Plus VC and wins Dubai AI Seal of Excellence — first proptech to earn it.