Super Capital collaborates with Axel Peyriere to launch a Middle East and Africa investment club. 
The club will fund startups with rounds from €100,000 to €250,000. 
Sectors like healthtech, fintech, SaaS, and logistics are the main focus for investments. 
Super Capital aims to provide strategic support and connections to promising founders. 
Challenges remain due to currency volatility, regulatory uncertainty, and infrastructure issues.

Nova clinches $3,65 million funding led by CDP Venture Capital and BY Venture Partners. 
Founded in 2020, Nova uses AI to build a vetted professional community. 
The platform offers a selective recruitment process, freeing companies from irrelevant CVs. 
Funds will expand into European cities and enhance AI candidate-matching algorithms. 
Backing aligns with Doha Tech Angels&#8217; focus on innovative, tech-driven recruitment solutions.

Qanooni, a UAE-based legal tech startup, secured $2 million in pre-seed funding. 
Investors include Village Global, Oryx Fund, TA Ventures, and several angel investors. 
Qanooni offers an AI-driven solution for legal professionals to manage paperwork efficiently. 
Founders plan to enhance their AI tools with this new investment capital. 
Securing significant pre-seed funding highlights investor interest in the region&#8217;s tech sector.

CorroHealth will invest in UAE&#8217;s SANTECHTURE to boost smart revenue cycle management solutions. 
The collaboration enhances their AI tech with SANTECHTURE&#8217;s revenue management across GCC markets. 
SANTECHTURE&#8217;s innovative approach, backed by Gulf Capital, gains popularity in the Middle East. 
CorroHealth&#8217;s global reputation bolsters this promising partnership with its health analytics expertise. 
Their combined strengths could transform the healthcare technology landscape in the region.

Tunisian startup Thunder Code raised $9 million to enhance its AI platform and global reach. 
Led by Silicon Badia, participants include Janngo Capital and Titan Seed Fund. 
The funds will advance CI/CD integration and AI-driven test capabilities. 
Thunder Code&#8217;s platform enables non-technical users to create automated software tests easily. 
Co-founders Karim Jouini and Jihad Othmani also founded expense management firm Expensya.

Ransomware attacks and data breaches are increasingly challenging businesses globally, according to Rubrik Zero Labs. 
Rubrik and Rackspace Technology have joined forces to create the Rackspace Cyber Recovery Service. 
This service aims to rapidly restore data and workloads after cyber attacks in the cloud. 
Using AI and zero-trust frameworks, the service offers swift, automated recovery and security solutions. 
Launching in April 2025, this solution is crucial for adapting to complex digital transformation risks.

Startups in the Middle East and North Africa raised $289 million in May, with 44 deals. 
Egypt led the region, thanks to Nawy&#8217;s $75 million raise, while Saudi Arabia secured $69 million. 
AI startups, despite media hype, attracted only $25 million; fintech led with $86,5 million. 
Early-stage funding was active, notably supporting B2B models, raising $157 million from 29 deals. 
Gender imbalance persisted, with male-only founder teams securing 82 per cent of capital raised.

Kumulus Water, a Tunisian agri-tech start-up, has secured $3,5 million in seed funding. 
They specialise in Atmospheric Water Generators, turning air into clean drinking water. 
The funding will accelerate the development of the larger industrial Kumulus Box for community use. 
Operations will expand in Saudi Arabia, France, Spain, and Tunisia, addressing urgent water needs. 
These units produce 20-30 litres of water daily, using solar or standard electrical power.

Mamo, a UAE fintech startup, surpassed AED 1,2 billion in total transactions. 
The company offers simplified financial solutions specifically for SMEs, building trust in the community. 
Mamo plans to launch a credit card for SMEs to provide flexible credit and spend insights. 
Their digital-first, agile approach meets the modern needs of businesses, contrasting traditional payment systems. 
Licensed by DFSA in 2022, Mamo illustrates the region&#8217;s rapidly evolving entrepreneurial landscape.

Lucidya announced a major reshuffle of its leadership team ahead of international expansion. 
Sisir Das joined as CFO, bringing expertise from Bank of America and Capgemini. 
Yara Milbes is now VP of Marketing, with two decades of international marketing experience. 
Anand Saurabh takes the role of VP of Engineering, contributing strong product engineering skills. 
CEO Asiri believes these hires will help Lucidya scale and outperform competitors.

BENEFIT has launched the fourth edition of its &#8220;Masar&#8221; internship programme in Bahrain. 
The programme offers practical fintech experience to 40 Bahraini trainees, nurturing local talent. 
Open to Bahraini university students and BENEFIT employees, it encourages real-world innovation. 
Mr Salah Al Awadhi emphasised its role in equipping youth, aligning with Bahrain’s Vision 2030. 
&#8220;Masar&#8221; enhances skills and confidence essential for entering the dynamic, global fintech industry.

SMEs face challenges in accessing finance due to strict traditional bank criteria. 
The Arab Fund and Shorooq&#8217;s partnership offers tailored debt solutions for tech startups. 
Badir Fund, active since 2009, supports private-sector growth with substantial financing. 
Shorooq Partners&#8217; success stories highlight innovative support for fintech and self-storage firms. 
The collaboration aims to bridge the SME credit gap and boost financial inclusion in MENA.

MENA startups raised $289 million in May 2025, a 25% increase from April. 
Egypt led the charge, with Nawy raising $75 million and additional startups attracting $50 million. 
The UAE, Saudi Arabia, and Kuwait also saw significant investment activity within the region. 
Despite AI hype, only $25 million was raised for AI startups, showing a gap in investor support. 
Fintech remained dominant, while WakeCap&#8217;s $28 million highlighted interest in construction innovation.

Sunbulah accelerator connects Riyadh and Paris start-ups in agriculture and food technologies. 
Targeting early-stage ventures, it provides support through workshops, mentoring, and office space. 
Participants benefit from networking with investors and simplified regulatory procedures. 
The programme aims to boost global innovation in agritech and food supply chains. 
Applications for the 17-week programme are open until 14th June.

Saudi ed-tech startup Taawoni secured $1,6 million in a funding round led by M Capital. 
Taawoni bridges universities and institutions by automating cooperative training programmes. 
Their platform uses AI to provide professional development across various sectors. 
Taawoni partners with over 800 businesses and 14 academic institutions, aiding 34,000 individuals. 
The new investment will accelerate growth and expansion amidst Saudi Arabia&#8217;s digital transformation.

Sustainable startup Bloomspoon secured an 800,000-dirham investment on &#8220;Shark Tank Dubai&#8221;. 
They offered 49% equity to Tawfik Kreidieh, CEO of The Brands for Less. 
Bloomspoon creates plantable cutlery from wheat straw, replacing single-use plastics innovatively. 
Funds will expand production, enter new markets, and aim for B Corp certification. 
Their green ethos resonates with customers seeking sustainable solutions to plastic waste.

Saudi firm HUMAIN plans a $10 billion fund targeting global AI innovators. 
They&#8217;re engaging tech leaders like Andreessen Horowitz, OpenAI, and Elon Musk&#8217;s xAI. 
HUMAIN aims to manage 7% of AI training tasks globally by 2030. 
They&#8217;ve struck big deals with Nvidia, AMD, Qualcomm, and Amazon to enhance Saudi AI infrastructure. 
Speculation exists around selling datacentre stakes to interested American companies.

Egyptian payment firm MDP secures significant funding, led by Lorax Capital Partners. 
AfricInvest exits after aiding MDP’s growth, while new funds focus on global expansion. 
MDP supports over 200 banks and fintech firms with digital payments infrastructure. 
New investors include EBRD, IFC, and Proparco, boosting MDP’s regional digital transformation. 
CEO Ahmed Nafea aims for faster growth and broader market reach.

Vault Wealth secures new investment led by Peak XV Partners, with Outliers VC continuing support. 
The firm&#8217;s new platform targets high-net-worth investors, approved by Abu Dhabi Global Market. 
It offers global market access alongside traditional planning, including private equity and real estate. 
Investors show confidence in Vault Wealth&#8217;s fintech innovation and long-term market potential. 
Vault Wealth carves a niche in competitive fintech, blending digital management with exclusive deals.

Saudi Arabia leads global startup growth, achieving a remarkable 200% growth rate. 
Riyadh has entered the top 100 global startup cities, boasting 134% city-level growth. 
Key sectors include fintech, healthtech, digital commerce, and nanotechnology, driving innovation. 
Saudi Arabia&#8217;s Vision 2030 strategy enhances economic diversity beyond oil, fostering entrepreneurship. 
Local and regional tech startups are thriving with increased funding and infrastructure improvements.

Saudi fintech startup Stitch secured $10 million in Seed funding from key investors. 
Founded by Mohamed Oueida in 2022, Stitch reduces financial product launch time by 80%. 
Stitch plans to expand into East Africa, beginning operations in Kenya. 
The funding will enhance Stitch&#8217;s platform and create job opportunities. 
Industry watchers praise Stitch as a leading tech innovator in Saudi Arabia’s financial sector.

Bayader, a Bahraini edtech startup, secured SAR 1 million for its Saudi expansion. 
Their new app focuses on the &#8220;inner game&#8221; of entrepreneurship, emphasising mindset and personal growth. 
Over 400 training episodes crafted with industry insights support early-stage entrepreneurs. 
Saudi Arabia&#8217;s rapid startup ecosystem growth supports Bayader&#8217;s expansion plans. 
Investment will boost Bayader&#8217;s team, targeting wider MENA region entrepreneurial education transformation.

Monarch, co-founded by Egyptian entrepreneur Osman Osman, raised $75 million in Series B funding. 
The app offers privacy-focused financial management without adverts or selling user data. 
Monarch aims to alleviate financial stress with a dashboard to track spending and investments. 
The funding will help improve the platform and recruit more talent for better user experience. 
Monarch aspires to enhance comprehensive financial well-being beyond just budgeting and spending patterns.

Wayl secured $150,000 in pre-seed funding led by EQIQ Ventures for their digital payment platform. 
Their platform simplifies online payments for freelancers and small business owners in Iraq. 
Founded in 2021 by Ali Ismail, Wayl targets Iraq’s growing digital market. 
Wayl aims to expand its presence among Iraq’s increasingly tech-savvy population. 
With the tech scene heating up, Wayl is becoming a notable player in Iraq.