Retailo, a Saudi B2B e-commerce startup, raised $15 million in equity funding, catching the eye of several investors like Yusuf Bin Kanoo Group and Technology Group, backed by previous investors such as Shorooq Partners. Retailo, launched in 2020, delivers goods to retailers and restaurants and plans to use the new funds for expansion.

Yabi, a UAE fintech firm, gained an $8 million investment for Saudi market growth and product enhancement. Yabi, targeting financial literacy, aims to further its Middle Eastern presence.

Oman's KitchenomiKs, a cloud kitchen enterprise, raised $1.8 million, anticipating a Saudi launch in early 2024. The investment boosts their total funding to $3.5 million.

UAE's Immensa received $20 million for product development, aiming to revolutionize spare parts manufacturing with innovative software and AI tools.

Fintech newcomer Flow48 from UAE secured $25 million to facilitate SME growth and plans to penetrate the South African market.

In Egypt, Visa and Commercial International Bank’s She’s Next competition awarded $10,000 grants to three startups promoting sustainability, health tech, and shipping services.

Tunisia's Winshot, a SaaS startup for retail management, obtained a six-figure investment, intending to expand its French and Tunisian teams.

Finally, the Middle East Venture Capital Association partnered with Singapore's GPCA, promising MEVCA members greater global network access and seeking to fuel regional venture capital activity.