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Startups in the MENA region are gaining momentum, with significant funding and acquisitions highlighting the innovation ecosystem. Notable developments include UAE's Tech Universal Ventures acquiring FixSquad and ELVA11, while fintech startup Stitch raised $10 million, and Qashio secured $19.8 million to expand into Saudi Arabia. Additionally, COREangels MEA launched a $10 million fund for early-stage fintech startups, and BirdEye and Gainz also reported successful funding rounds to support their growth.
Startups in the MENA region are gaining momentum, with significant funding and strategic acquisitions highlighting the innovation ecosystem. Notable developments include Stitch raising $10 million for its API-driven platform, Qashio securing $19.8 million for expansion into Saudi Arabia, and Tech Universal Ventures acquiring FixSquad and ELVA11 to enhance digital infrastructure. Additionally, COREangels MEA launched a $10 million fund for early-stage fintech startups, while M&A activity surged by 31% in Q1, driven by the UAE and the tech sector.
Darko Atijas
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
mena startups attract investment and expand through strategic acquisitions and funding rounds
TUR
IRQ
SAU
EGY
ARE
SWE
Abdulrahman Alobud
Darko Atijas
Mohamed Oueidat
Mostafa Khattab
Abdullah Bin Omairah
Show more
14:37 01.06.2025
mena startups attract investment and expand through strategic acquisitions and funding rounds
TUR
IRQ
SAU
EGY
ARE
SWE
Abdulrahman Alobud
Darko Atijas
Mohamed Oueidat
Mostafa Khattab
Abdullah Bin Omairah
Show more
21:42 31.05.2025
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