Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Egyptian life sciences startup Nawah Scientific has raised $23 million in Series A funding to expand its digital testing platform. The round will support a new global R&D center, increased lab capacity in Egypt and Saudi Arabia, and expansion across North Africa and Europe.
Nawah Scientific has raised $23 million in Series A funding to expand its digital scientific testing platform. The round will support a new R&D centre in Rwanda, increased lab capacity in Egypt and Saudi Arabia, and regional expansion into North Africa and Europe, strengthening its research and technology capabilities.
Raya Holding backs 10 standout startups in final FutureTECH accelerator with GIZ, offering mentorship, funding access, and real-world scale-up opportunities across mobility, AI, fintech, and clean tech.
Aria Ventures has launched a $1 million fund to support deep-tech startups by bridging research and market application. The venture studio plans to grow the fund to $4 million over four years while offering hands-on support and infrastructure. Their DeepTecher competition fosters innovation by mentoring and funding promising projects in AI, biotech, robotics, and related sectors.
Sequence Ventures plans to launch a $50 million “Africa Deep Tech” fund by 2026, focusing on emerging technologies in sectors like healthcare, agriculture, and climate. They aim to close their EGP 500 million “SV Deep Tech Investment” fund by Q1 this year, targeting 20 deals over two years.
The Ministry of Communications and Information Technology (MCIT), along with KAUST and “Hello Tomorrow,” has launched a report highlighting Saudi Arabia’s deep tech sector. Focused on innovation, AI, and IoT, the report outlines growth and investment opportunities in line with Vision 2030’s digital economy goals.