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Accenture Acquires AppsPro

Accenture (NYSE: ACN) is to acquire AppsPro, a Riyadh, Saudi Arabia-based Oracle Cloud implementation service provider. The amount of the deal - whose completion...

Techstars and MCIT Launch The Riyadh Techstars Accelerator

Techstars and the Ministry of Communications and Information Technology of the Kingdom of Saudi Arabia have partnered to launch The Riyadh Techstars Accelerator. The accelerator...

500 Startups Partners with Sanabil Investments To Launch Accelerator

500 Startups, one of the most active global early stage venture capital firms, has partnered with Sanabil Investments, a financial investment company focused on global...

FlexxPay Raises Pre-Series A Funding Round

FlexxPay, a fintech company focusing on employee benefit solutions, raised a pre-series A funding round of undisclosed amount. Backers included MEC Ventures, a...

HyperPay Closes 8-Digit Funding Round

HyperPay, a Riyadh, Saudi Arabia-based payment processing company, closed an 8-digit funding round. The round - which also included successful exits for investors...

Nala Raises $1M in Funding

Nala, a Riyadh, Saudi Arabia-based digital health service, raised $1m in its first financing. The round was led by AlAraby Investment. The company intends to use...

Jollychic Raises USD$65M in Series C+ Funding

Jollychic, a Chinese e-commerce platform focusing on the Middle East region, recently completed its US $65m (AED 238.5m) Series C+ funding round. G42 Group made...

Saudi Arabia, Public Investment Fund Launches Fund of Funds

Public Investment Fund of Saudi Arabia has launched a SAR 4 billion fund of funds. The new investment vehicle is designed to provide small...

Starz Play Raises Multi-Million Dollar Funding

Starz Play, a Dubai, UAE- on-demand video streaming service, announced a new multi-million dollar funding investment. The round was led by existing investors including...

SoftBank Group Launches up to £100 Billion Tech Fund

SoftBank Group Corp. is to form a private fund for making investments in the technology sector globally. With Softbank Vision Fund, SoftBank plans to...

Saudi Arabia, Other Tech Investments WIll Follow Uber

The massive $3.5 billion investment in mobile black cab hailing service Uber made by the Public Innovation Fund of Saudi Arabia sparked comments by...

Saudi Arabia-Based Startup Nomadd Receives Closes $1M Series A Funding

Nomadd (NO-water Mechanical Automated Dusting Device), a Thuwal, Saudi Arabia-based startup developing a smart and ecological desert solar panel cleaning system, recently closed a...

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