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GCC VC funding soars 30pc amid global downturnThe GCC witnessed 30% year-on-year growth in venture capital (VC) funding in 2023 even as global VC funding shrank to $248.4 billion, the lowest since 2017. This contrasts sharply with the global 30% decl More… |
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Plus VC names new PartnerPlus VC (+VC), the most active early-stage venture capital firm in the MENA region, has announced the promotion of Zainab Al Sharif as Partner. With eight years of experience in private equity and venture More… |
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Tech investor outlines key strategies for Middle East startupsA leader tech investor has advised Middle East startups to look beyond initial funding for the extra support and guidance needed to capitalise fully on their growth potential in a highly competitive market. Rashit Makhat, Director and c More… |
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stc Group unveils new corporate venture capital unitLeading Saudi telecom group stc today (March 3) announced the launch of its corporate venture capital arm, tali ventures, which serves as a catalyst for innovative startups, leveraging the Group's ecosystem. More… |
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Saudi Arabia tops Mena region in venture capital investmentSaudi Arabia has secured the first rank across Middle East and North Africa (Mena) region in terms of the amount of venture capital (VC) funding in 2023, according to MAGNiTT, the Mena-based venture data platform. More… |
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Agthia Group launches new corporate venture capital fundAgthia Group, a leading food and beverage company, has announced the launch of Agthia Ventures, a corporate venture capital (CVC) fund designed to expand its innovation capabilities and create mutual value with startups as the company continue More… |
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Agthia Group launches new corporate venture capital fundAgthia Group, a leading food and beverage company, has announced the launch of Agthia Ventures, a corporate venture capital (CVC) fund designed to expand its innovation capabilities and create mutual value with startups as the company continue More… |
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Saudi tops region in venture capital growth, nets $987m in 2022The venture capital report in the Kingdom of Saudi Arabia revealed that 2022 saw a record investment of SR3.701 billion ($987 million) in Saudi startups, recording a growth of 72% compared to 2021. The KSA achi More… |
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Schneider Electric backs $518m fund for industrial tech start-upsSE Ventures, a corporate venture capital fund created in partnership with Schneider Electric, the global leader in the digitalization of industrial automation and energy management, has announced the launch of €500 million ($518 million) More… |
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ADQ and ITHCA to set up $161m venture capital fundADQ, an Abu Dhabi-based investment and holding firm, and Oman Information, Communication and Technology Group (ITHCA) have signed a deal to set up a AED592 million ($161 million) venture capital fund to invest in Oman. More… |
