Startup funding activity across the Middle East and North Africa continues to demonstrate resilience, with fintech and artificial intelligence ventures securing the lion’s share of investor interest.
Markets including the Kingdom, the UAE, Jordan, and Tunisia have witnessed fresh rounds of investment, enabling startups to accelerate growth, scale their technologies, and strengthen digital infrastructure.
Saudi Arabia-based fintech firm erad raised $33 million in debt financing, marking the first investment in the Kingdom by Indian venture debt firm Stride Ventures, which also announced plans to deploy $200 million in the Kingdom over the next two years in line with Vision 2030 diversification goals.
Other notable initiatives include the launch of a $100 million global innovation fund by AI-driven Presight (a subsidiary of Abu Dhabi’s G42) in partnership with Shorooq Partners, targeting AI startups worldwide.
Additionally, Tunisia’s ANAVA Fund of Funds committed $4 million to the Rasmal Innovation Fund I, aimed at increasing global venture capital access for Tunisian startups and strengthening MENA innovation ecosystems.
