Saudi Press

Saudi Arabia and the world
Thursday, Sep 18, 2025

Boost in Middle East Startup Funding: Key Developments

Boost in Middle East Startup Funding: Key Developments

The Middle East has seen a significant boost in startups with firms like Stake, Tahdir, i'SUPPLY, and Qstay securing major funds to expand their operations. Polynome Group announced a one hundred million dollar AI fund, while Tenderd, Rasmal Ventures, Waves, and Orisdi made key funding moves across various sectors, showing robust growth and investment potential.
The Middle East has witnessed a surge in startup activities, with substantial funding secured across several key sectors.

In the UAE, proptech firm Stake raised fourteen million dollars to expand into Saudi Arabia, backed by Middle East Venture Partners, Wa’ed Ventures, Mubadala, and Republic.

Founded in 2021 by Rami Tabbara, Manar Mahmassani, and Ricardo Brizido, Stake aims to use the funds to offer digital real estate investment options in Saudi Arabia.

Saudi edtech startup Tahdir secured two hundred seventy thousand dollars in pre-seed funding from angel investors to enhance its educational management platform's operations.

In Egypt, medtech startup i'SUPPLY raised a total of two point five million dollars in a pre-series A round from Disruptech Ventures and other investors to digitize the pharmaceutical supply chain.

Fintech startup Sahl, based in Cairo, secured six million dollars in a series A round led by Ayady for Investment and Development to refine its bill payment platform and expand into Saudi Arabia.

UAE-based hospitality platform Qstay raised four point six million dollars in a pre-series A round to develop its virtual hotel brand.

Polynome Group from the UAE announced a one hundred million dollar fund to invest in AI startups.

Construction tech firm Tenderd raised thirty million dollars in a series A round led by A.P. Moller Holding for global expansion.

Qatar-based VC firm Rasmal Ventures launched a home-grown fund with thirty million dollars to invest in high-performance startups.

Kuwait-based travel tech startup Waves secured an investment round to enhance its services in Saudi Arabia.

Finally, Iraq-based e-commerce platform Orisdi raised a six-figure bridge round to support its business development efforts.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Saudi Arabia cracks down on music ‘lounges’ after conservative backlash
Saudi Arabia Signs ‘Strategic Mutual Defence’ Pact with Pakistan, Marking First Arab State to Gain Indirect Access to Nuclear Strike Capabilities in the Region
Sam Altman sells the 'Wedding Estate' in Hawaii for 49 million dollars
Turkish car manufacturer Togg Enters German Market with 5-Star Electric Sedan and SUV to Challenge European EV Brands
World’s Longest Direct Flight China Eastern to Launch 29-Hour Shanghai–Buenos Aires Direct Flight via Auckland in December
New OpenAI Study Finds Majority of ChatGPT Use Is Personal, Not Professional
Kuwait opens bidding for construction of three cities to ease housing crunch.
This Week in AI: Meta’s Superintelligence Push, xAI’s Ten Billion-Dollar Raise, Genesis AI’s Robotics Ambitions, Microsoft Restructuring, Amazon’s Million-Robot Milestone, and Google’s AlphaGenome Update
Indian Student Engineers Propose “Project REBIRTH” to Protect Aircraft from Crashes Using AI, Airbags and Smart Materials
Could AI Nursing Robots Help Healthcare Staffing Shortages?
Turkish authorities seize leading broadcaster amid fraud and tax investigation
Qatari prime minister says Netanyahu ‘killed any hope’ for Israeli hostages
Apple Introduces Ultra-Thin iPhone Air, Enhanced 17 Series and New Health-Focused Wearables
Big Oil Slashes Jobs and Investments Amid Prolonged Low Crude Prices
Social Media Access Curtailed in Turkey After CHP Calls for Rallies Following Police Blockade of Istanbul Headquarters
Did the Houthis disrupt the internet in the Middle East? Submarine cables cut in the Red Sea
Gold Could Reach Nearly $5,000 if Fed Independence Is Undermined, Goldman Sachs Warns
Uruguay, Colombia and Paraguay Secure Places at 2026 World Cup
Trump Administration Advances Plans to Rebrand Pentagon as Department of War Instead of the Fake Term Department of Defense
Tether Expands into Gold Sector with Profit-Driven Diversification
Trump’s New War – and the ‘Drug Tyrant’ Fearing Invasion: ‘1,200 Missiles Aimed at Us’
At the Parade in China: Laser Weapons, 'Eagle Strike,' and a Missile Capable of 'Striking Anywhere in the World'
Information Warfare in the Age of AI: How Language Models Become Targets and Tools
Israeli Airstrike in Yemen Kills Houthi Prime Minister
After the Shock of Defeat, Iranians Yearn for Change
YouTube Altered Content by Artificial Intelligence – Without Permission
Iran Faces Escalating Water Crisis as Protests Spread
More Than Half a Million Evacuated as Typhoon Kajiki Heads for Vietnam
HSBC Switzerland Ends Relationships with Over 1,000 Clients from Saudi Arabia, Lebanon, Qatar, and Egypt
Sharia Law Made Legally Binding in Austria Despite Warnings Over 'Incompatible' Values
Dogfights in the Skies: Airbus on Track to Overtake Boeing and Claim Aviation Supremacy
Tim Cook Promises an AI Revolution at Apple: "One of the Most Significant Technologies of Our Generation"
Are AI Data Centres the Infrastructure of the Future or the Next Crisis?
Miles Worth Billions: How Airlines Generate Huge Profits
Zelenskyy Returns to White House Flanked by European Allies as Trump Pressures Land-Swap Deal with Putin
Beijing is moving into gold and other assets, diversifying away from the dollar
Cristiano Ronaldo Makes Surprise Stop at New Hong Kong Museum
Zelenskyy to Visit Washington after Trump–Putin Summit Yields No Agreement
High-Stakes Trump-Putin Summit on Ukraine Underway in Alaska
Iranian Protection Offers Chinese Vehicle Shipments a Cost Advantage over Japanese and Korean Makers
Saudi Arabia accelerates renewables to curb domestic oil use
Cristiano Ronaldo and Georgina Rodríguez announce engagement
Asia-Pacific dominates world’s busiest flight routes, with South Korea’s Jeju–Seoul corridor leading global rankings
Private Welsh island with 19th-century fort listed for sale at over £3 million
Sam Altman challenges Elon Musk with plans for Neuralink rival
Australia to Recognize the State of Palestine at UN Assembly
The Collapse of the Programmer Dream: AI Experts Now the Real High-Earners
Armenia and Azerbaijan to Sign US-Brokered Framework Agreement for Nakhchivan Corridor
British Labour Government Utilizes Counter-Terrorism Tools for Social Media Monitoring Against Legitimate Critics
WhatsApp Deletes 6.8 Million Scam Accounts Amid Rising Global Fraud
×