NEWS
MENA Startup Funding Hits $150 Million in April
Startup funding across the Middle East and North Africa reached $150 million in April 2026, with the UAE securing the largest share at $78 million across eight deals. This indicates continued investment activity within the region's startup ecosystem.
Sarwa Reaches $1 Billion in Client Assets
UAE-based FinTech Sarwa, founded in DIFC, has achieved USD 1 billion in client assets, reflecting strong growth in the region's retail trading sector. This milestone highlights the potential for homegrown FinTechs in the MENA market.
Dubai SME Commits $12M to Startup Growth via Future Majlis
Dubai SME allocated $12 million to startups in 2025 through its Future Majlis program, supporting UAE national entrepreneurs in key technology sectors. This initiative aims to foster scalable business models and contribute to the launch of 27,000 projects by 2033.
UAE VC Funding Reaches $2.1B in H1 2026, FinTech Leads
A new report reveals UAE venture capital hit $2.1 billion in the first half of 2026, with FinTech attracting 42% of investments. This highlights significant growth and sector focus within the UAE startup ecosystem.

Empower India Acquires UAE-Based MABIL in Cross-Border Deal
Empower India Limited has signed a term sheet to acquire a majority stake in UAE-based MABIL through a share swap agreement. This acquisition marks a strategic international expansion for the Mumbai-based firm into the Middle East market.
Deep Tech Startup Ctruh Raises $2.5M Seed, Targets UAE Launch
Bengaluru-based deep-tech startup Ctruh secured $2.5 million in seed funding, bringing its total raised to $4.5 million. The company plans to establish on-ground sales operations in the UAE and US in 2026 to expand its spatial internet infrastructure.
Udora Secures $10M for Regional Expansion, Rebrands from Flowwow
Dubai-headquartered global gifting marketplace Udora (formerly Flowwow) raised $10 million in private funding to support its market expansion, including a Q3 2026 launch in Saudi Arabia. This funding enables the company to grow its presence across the MENA region.
Falcons of Majlis Reveals Principal Investors for UAE Startup Investment Platform
Falcons of Majlis, the UAE's first trust-led startup investment platform, announced its four principal investors. This development aims to significantly accelerate and reshape the UAE's startup ecosystem by fostering a new investment model.
Dubai-based HasUsed Secures $3.8 Million to Develop Second-Hand Marketplace
Dubai startup HasUsed raised $3.8 million via FasterCapital to expand its verified second-hand products marketplace, focusing on sustainability and AI-powered reviews. This funding will accelerate platform development and market reach for a sustainable e-commerce model.

UAE Establishes AED 1 Billion Industrial Resilience Fund
The UAE has launched a new AED 1 billion fund to boost local industries, strengthen supply chains, and integrate AI across manufacturing, aiming to reduce import dependency. This initiative provides significant financial backing for industrial innovation and growth within the country.
Powerbank Sharing Startup Ray Raises $1.2M Seed Round
Dubai-based startup Ray secured $1.2 million in seed funding to launch its powerbank-sharing service in Dubai. This investment will enable the company's expansion across the GCC.
EDB Pledges Dh9 Billion for Industrial Startup Funding
Emirates Development Bank (EDB) plans to approve Dh8-9 billion in financing during 2026, targeting industrial startups and SMEs in key sectors. This initiative aims to bolster the UAE's industrial growth and economic diversification.
Dubai Media Tech Startup ContentFlow Closes $8M Series A
Dubai's ContentFlow, a media tech startup, secured $8 million in its Series A funding round. This investment will scale its AI-powered content creation platform and support regional expansion.
UAE-focused Horizon Ventures Reaches $50M First Close
Horizon Ventures, a new venture capital fund, has achieved its first close at $50 million. The fund will invest in early-stage startups across the UAE ecosystem.
Dubai Fintech PaySwift Secures $15M Series B for MENA Expansion
Dubai-headquartered fintech PaySwift closed a $15 million Series B funding round. This capital will accelerate its cross-border payments platform expansion across MENA and enhance its AI capabilities.
CarniStore Secures $12.25M Investment from Emirates Growth Fund
Dubai-based premium protein business CarniStore has received a $12.25 million strategic investment from the Emirates Growth Fund. This funding will support the company's expansion plans within the region.
Dubai Islamic Digital Bank Mal Raises $230M Seed Round
Dubai-based Islamic digital bank Mal secured a substantial $230 million seed funding round. This positions it as a significant player in the region's fintech landscape.
Dubai Hospitality Tech estaie Secures Pre-Seed Funding
Dubai hospitality tech startup estaie has raised a 7-figure pre-seed funding round. This investment supports its platform for extended-stay accommodations.
Brisk Gains Finance Acquires Dubai Perfume Firm, Plans $50M Fund for UAE SMEs
Brisk Gains Finance has acquired a Dubai-based perfume company and announced plans for a $50 million private equity fund to acquire and scale UAE SMEs towards public listings. This signals a new player focused on growth equity and M&A within the local market.
UAE-Funded XCath Achieves World's First Telerobotic Stroke Surgery
UAE-funded robotics startup XCath successfully completed the world's first-in-human telerobotic stroke procedure. This milestone follows a recent $30 million Series C funding round co-led by Crescent Enterprises.