Jordan’s Propeller Launches $50M Fund III to Back Global AI Infrastructure Startups

Jordan-based VC firm Propeller has launched a $50 million Fund III dedicated to horizontal AI infrastructure and AI-native applications. Operating across MENA and the US, the fund aims to connect regional talent with Silicon Valley while supporting US startups entering Middle Eastern markets. Propeller has already made five US-focused investments this year and has backed 30+ startups across its earlier funds, solidifying its position as a cross-border AI investor.

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Paribu acquires CoinMENA in Türkiye’s largest fintech deal, expanding regulated footprint into the MENA region

Paribu’s acquisition of CoinMENA reshapes the regional crypto landscape. It combines Türkiye’s leading digital asset platform with MENA’s most established regulated exchange, creating a powerful multi-market operator with deep compliance credentials, strong technology, and a wide user base—setting a new benchmark for digital asset growth across both regions.

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