The funding comes after a year of significant growth for Moove that saw the company increase its annual recurring revenue to more than $115m
Dr Abdullah Al Shimmari, an entrepreneur and participant in TV shows like Bebaan and Shark Tank, shares insights into securing funding and the future of AI in business
The terms, valuation and timing of the funding round have not yet been finalised and could still change
The announcement was made during the International Monetary and Financial Committee Meeting, organised on the sidelines of the WBG-IMF Annual Meetings In Morocco
The project currently focuses on four key groups of wildlife; sharks, rays, dolphins, and corals, and unsustainable seafood and plastic pollution
The investment was led by Abu Dhabi-based Further Ventures, along with participation by US-based Liberty City Ventures
The round brings total funding to over $335m since inception across equity and debt
The total funding has reached $400m
The programme hosts an intake cycle every six months and has thus far completed four cohorts with the fifth cohort to be announced shortly
The funding round included participation from existing and new investors including Iconiq Capital, Jungle Ventures & Insight Partners
According to its annual report, Abu Dhabi Fund for Development’s investments benefitted 104 nations last year
On a global level, the past year was difficult for almost anyone looking to raise money, but it was almost impossible for small startups founded by women
Started in 2016, Nana raised $18m from investors including venture capital fund STV and Middle East Venture Partners
Founded by Egyptian entrepreneurs, the platform enables omnichannel retailers to have a 360–degree view across all customer touchpoints
Fintech accounted for 61 per cent of total funding between 2018 and 2022
The Series F investment brings the company’s total primary funding since inception to approximately $600m
Nine startups had raised over $150m collectively at the time of joining Hub71 in 2022
DIFC’s fintech accelerator programme has attracted more than 3,000 applications from all over the world
The startup will launch Saudi Arabia operations with investment in a new office and local hiring
The company’s virtual and physical cards combined with its software allow businesses to manage their spending in a more automated and transparent way
The company marks the first regional investment for Valar, a venture capital firm backed by entrepreneur Peter Thiel
Silkhaus’ operating system for asset owners provides them with the tools needed to monetise and manage their properties for short-term rentals
The Abu Dhabi-based Hub71 company will continue to scale its services across the region, working with e-commerce retailers and courier companies to enhance the delivery experience
The funding round was led by US-based growth equity fund Affinity Partners, with new funding from KCK, Acacia Partners
The proceeds will be used by Zid to expand into new markets in Saudi Arabia and in the region
The funding will be used for scalable growth and both firms will look for strategic acquisitions together
The Vision Fund segment posted a loss of 2.33 trillion yen in the three months ending June 30, following a then-record 2.2 trillion yen loss in the previous quarter
Following Tabby’s Series B extension earlier this year, the fintech’s total capital raised to date amounts to $275m
With new innovations in DeFi, GameFi and infrastructure spaces, Cypher Capital looks forward to being part of large milestones for blockchain
The Oakland-based brand raised over $40m in Series B funding