Riyadh, October 2024 – Beta Lab, a deep tech fund and innovation studio, has launched a groundbreaking USD 300 million fund at the Future Investment Initiative (FII) 2024. Designed to stimulate cross-border innovation, this fund aims to bridge the Middle East and Southeast Asia, empowering technology-driven startups to expand into high-growth markets and tackle global challenges in […]
Riyadh, Saudi Arabia – Wa’ed Ventures, the $500 million venture capital arm of Aramco, has announced a $100 million commitment to early-stage artificial intelligence (AI) investments, reinforcing Saudi Arabia’s ambition to establish itself as a global leader in AI. This significant move aligns with the Kingdom’s broader vision to position AI as a key economic driver, with […]
Lahore, Pakistan – Sarmayacar, a Lahore-based venture capital firm, has today announced the launch of its Sarmayacar Climaventures Fund, a groundbreaking initiative aimed at addressing Pakistan’s climate emergency. The fund, which has secured $15 million in anchor funding from the Green Climate Fund, will invest in local ventures offering scalable and impactful solutions to the […]
Lahore-based coworking platform COLABS has raised $2 million in a pre-Series A funding round led by UAE’s Shorooq Partners, with participation from Saudi Arabia’s Waad Investment. This latest investment brings COLABS’ total funding to over $5 million, with previous rounds backed by prominent investors like Indus Valley Capital, Zayn Capital, and Fatima Gobi Ventures. Founded […]
Dubai, UAE – October 22, 2024: PRYPCO, a Dubai-based property technology (PropTech) startup, has successfully raised $10 million in seed funding to drive its expansion and scale its operations. The funding round, which concluded in September, was led by Abu Dhabi’s Shorooq Partners, with strategic participation from the Dubai-headquartered retail giant, Apparel Group, along with other investors. The investment […]
October 2024 – BuyPass.ai, a stealth-mode startup based in Pakistan, has successfully closed an angel funding round, setting the stage to reshape the eCommerce landscape across the GCC and Asia. The venture is founded by Muhammad Ammar Hassan, a former executive at OLX (Prosus) and Daraz (Alibaba International Digital Commerce Group), who brings over a […]
Dubai: Pakistani fintech startup Abhi has secured $15 million in credit financing, a round led by Shorooq Partners and Amplify Growth Partnership. This funding will enable the company to scale its operations and expand its Earned Wage Access (EWA) services across the UAE, targeting both blue-collar and white-collar workers. In an official statement released on Wednesday, Abhi shared that the […]
Palo Alto, California – October 4, 2024Farmdar, an agritech startup leveraging AI and space technologies to optimize agricultural productivity, has successfully raised a pre-Series A funding round led by Silicon Valley-based venture capital firm, Moment Ventures. The round also saw participation from existing investor Indus Valley Capital. This marks the first Silicon Valley-led investment in […]
Karachi, Pakistan – September 24, 2024 – Qist Bazaar, Pakistan’s leading Buy Now Pay Later (BNPL) fintech platform, has successfully raised $3.2 million in its Series A funding round, led by Indus Valley Capital. The round also saw participation from Gobi Partners, a prominent Asia-focused venture capital firm managing assets worth $1.6 billion. Bank Alfalah, one […]
Pakistani startups are increasingly turning their attention to the Gulf region, seeking growth opportunities beyond domestic borders, according to a recent newsletter issued by Invest2Innovate (i2i) . With ongoing macroeconomic challenges, political instability, currency depreciation, and a decline in purchasing power, expanding internationally has become more than just a smart business decision – it’s now […]