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Market Analysis of Startups in the MENA Region: 2024 Insights

Market Analysis of Startups in the MENA Region: 2024 Insights

by | Jun 12, 2024

The Middle East and North Africa (MENA) region is emerging as a vibrant hub for startups, demonstrating remarkable growth and attracting significant venture capital. This comprehensive analysis explores the current trends, challenges, and opportunities within the MENA startup ecosystem as of 2024. Key sectors like fintech, e-commerce, and health-tech are driving innovation, while regulatory complexities and skills gaps pose ongoing challenges. With increasing corporate venture capital involvement and a focus on sustainability, the region presents vast potential for startups to innovate and capture market share.

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Tenderd in Dubai Raises $30M Series A

Tenderd in Dubai Raises $30M Series A

by | Jun 12, 2024

Dubai-based Tenderd has successfully raised $30 million in a Series A funding round led by A.P. Moller Holding, the parent company of Maersk. The investment round, which also saw participation from Quadri Ventures, Saurya Prakash of Stripe, and existing investors, aims to enhance Tenderd’s innovative platform for managing heavy equipment. Founded in 2018, Tenderd provides advanced solutions for equipment tracking, predictive maintenance, and operational efficiency, benefiting industries such as construction and logistics. This funding will support Tenderd’s expansion and continued integration of AI to improve efficiency, safety, and sustainability in equipment management.

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Qatar’s $100 Million Tech Fund Targets MENA Startups

Qatar’s $100 Million Tech Fund Targets MENA Startups

by | Jun 12, 2024

A surge of excitement is rippling through Qatar’s tech scene with the launch of the Rasmal Innovation Fund, a groundbreaking $100 million initiative designed to propel tech startups and scaleups across the MENA region. Focused on high-growth companies in climate tech, fintech, and AI, the fund promises to be a game-changer for Qatar’s future.

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Shaping the Future: UAE Invests $500M in AI and Research

Shaping the Future: UAE Invests $500M in AI and Research

by | Jun 11, 2024

The UAE government has announced a groundbreaking $500 million investment to boost the nation's AI and research capabilities. This significant financial commitment underscores the UAE's ambition to become a global leader in technology and innovation. Strategic...

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Growdash Secures $1.8M to Lead Martech Expansion in MENA

Growdash Secures $1.8M to Lead Martech Expansion in MENA

by | Jun 11, 2024

Founded by former Talabat employees, Growdash collaborates with over 300 restaurant brands, spanning 4,000 locations. UAE-based marketing technology startup Growdash has secured $1.8 million in seed funding. This funding round was led by Oryx Fund, a MENA-focused...

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