Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Saudi’s Gathern raised $72M in Series B funding led by PIF-owned Sanabil Investments, reaching a $266M valuation. The platform manages 72,000 units across 200+ Saudi cities, contributing SAR 2B to the local economy. The funds will drive regional expansion, inbound tourism, long-term stays, and AI solutions, with a Tadawul listing on the horizon.
Suplyd has raised $2M in pre-Series A funding to accelerate its restaurant procurement platform in Egypt. The startup, now serving 5,000+ restaurants, streamlines fragmented supply chains with tech-driven solutions. Investors see Suplyd as a category-defining player in Egypt’s $10B+ HORECA market.
Fahy Studios has secured $1.75 million from Impact46 and Merak Capital to expand its hybrid-casual mobile game development pipeline, including titles RAWR, Footy Traps, and Heist Party. Backed by Saudi’s booming gaming ecosystem, the studio aims to deliver globally competitive games while positioning the Kingdom as a gaming powerhouse.
Impact46 invests $6.6M in diverse MENA gaming studios, supporting Saudi Arabia’s vision to become a global gaming leader through culturally rich and innovative digital content.
Boxy raises $1.5M pre-seed from EQIQ to unify Iraq’s last-mile delivery via an AI-driven logistics platform, aiming to simplify shipping for merchants and build a scalable digital infrastructure.
MENA startups across fintech, logistics, AI, and SaaS sectors raised significant capital recently, reflecting robust regional innovation. New funds and media partnerships bolster ecosystem growth, while Saudi Arabia hosts OpenAI models locally, enhancing AI access.
Suplyd raised $2 million to scale its digital procurement platform serving 5,000+ Egyptian restaurants. The platform streamlines fragmented supply chains, ensuring 100% order fulfillment and real-time insights, with plans to expand services and deepen market reach.
Ooredoo is expanding its digital footprint through AI-ready data centres, a subsea fibre network, and fintech growth, with Q1 2025 net profit up 5%. The strategic focus on Syntys, TowerCo, and Fintech positions it as a leading digital infrastructure provider in MENA.
Flex League raises six-figure seed round to expand court booking, scale across Saudi and MENA, and enhance racquet sports competition and community management in the region.
Guodong Group targets investments in Pakistan’s telecom towers, data centers, EV charging, and smart city solutions, supported by Pakistan’s SIFC and government under the Digital Nation Pakistan vision.