UAE-based alternative investment company Gulf Islamic Investments (GII) has added an additional $100 million growth capital to the group’s balance sheet to develop private equity opportunities across the Kingdom of Saudi Arabia and the GCC.

Gulf Islamic Investments Secures $100 Million in Growth Capital

Gulf Islamic Investments (GII), a UAE-based alternative investment firm, has raised $100 million in new growth capital. This funding aims to expand private equity (PE) opportunities in Saudi Arabia and the wider GCC region. Contributors include the Al Nahdi family office, Shurooq (Sharjah Investment and Development Authority), and current GII stakeholders. Expanding GII’s Reach Ahead of FII8 in Riyadh The oversubscribed capital round strengthens GII’s balance sheet. It aligns with the Financial Investment Initiative (FII8) in Riyadh, October 29-31, 2024. This raise supports Saudi Arabia’s Vision 2023 and regional growth ...
OCTA

UAE based OCTA Raises $2.25M to Simplify SME Payment

OCTA, a UAE-based fintech startup, raised $2.25 million in its pre-seed funding round. The round was co-led by Quona Capital and Sadu Capital, with participation from Sukna Ventures, Plus VC, 500 Global, and notable angel investors like Pawel Iwanow and Dom Monhardt. OCTA aims to simplify payment collections for small and medium-sized enterprises (SMEs), improving cash flow management and easing the pain of accounts receivable. Addressing Cash Flow Challenges for SMEs Founded in 2024 by Jon Santillan, Nupur Mittal, and Andrey Korchak, OCTA focuses on solving late payment issues. In ...
4partners

4Partners Secures $3.6M to Expand Dropshipping Services in UAE

Dubai-based dropshipping platform 4Partners has raised $3.6 million to expand its services across the UAE. This funding will drive the company’s regional growth and enhance its e-commerce solutions. As demand for dropshipping increases, 4Partners aims to simplify online store launches by providing seamless logistics and a cloud-based IT infrastructure. Entrepreneurs can now focus on sales and brand growth, leaving stock management behind. Streamlined Dropshipping for Business Success 4Partners connects businesses to over 7 million branded products from 753 suppliers globally. It eliminates the need for bulk purchasing and complex inventory ...
Al Menu

Al Menu Secures 38M SAR to Transform Saudi Restaurant Industry

Al Menu, a Saudi company specializing in restaurant operational solutions, raised 38 million Saudi Riyals (USD 10.3 million) in a recent funding round led by Al Majdiah Investment. The company will use this funding to expand and cement its position in Saudi Arabia's fast-growing hospitality sector. Aligning with Vision 2030 This investment aligns with Vision 2030, the Kingdom's strategic plan to diversify its economy. The initiative focuses on strengthening non-oil sectors, including hospitality. With the newly raised capital, Al Menu plans to streamline restaurant operations by offering advanced tools that ...
Quantum

Quantum Adtech Startup Secures Funding in $7M Pre-Series-A

Saudi Arabia-based adtech platform Quantum has secured funding as part of its $7 million Pre-Series-A round. HearstLab, the investment arm of Hearst Corporation, led the round. This investment marks HearstLab’s first venture in the Middle East, highlighting the region’s growing tech ecosystem. Quantum’s Innovative Platform Founded in 2020 by Omar Malaikah and Sara Bin Ladin, Quantum provides a platform that connects advertisers with publishers. It allows advertisers to select publishers and purchase ad space directly. The platform also offers advanced data analytics and ROI metrics to optimize campaign performance. Quantum ...

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