Startup activity across the Middle East and North Africa continued to gather pace this week. Companies are raising fresh funds to secure strategic investments and expand acquisitions across artificial intelligence, fintech, logistics, and proptech sectors.
The latest deals highlight continued investor interest in early-stage and growth-stage ventures, particularly in AI infrastructure, digital finance platforms, and technology-driven logistics solutions.
UAE-based CNTXT AI has raised AED 220.35 million ($60 million) in a Series A funding round led by Abu Dhabi’s AI71 and GCC-based asset manager BlueFive Capital. The company builds artificial intelligence infrastructure that allows organizations to develop AI systems while retaining control over their data.
Founded by Mohammad Abu Sheikh, CNTXT AI plans to use the fresh capital to expand product development, scale secure AI infrastructure, and enter new markets. The company serves both enterprise and government clients and works with firms including Oracle, NVIDIA and Amazon Web Services. The startup also operates Munsit, an Arabic voice AI platform known for processing more than one million minutes of speech and serving over 250 enterprises and 150,000 users.
Jordan’s Innovative Startups and SMEs Fund has committed AED 25.7 Million ($7 million) to Endeavor Catalyst V, a global co-investment fund managing over AED 1.1 billion ($300 million) in assets. The move marks the start of ISSF’s second investment phase and aims to connect Jordanian startups with international capital networks.
Endeavor Catalyst backs high-growth companies across more than 60 countries. Its previous investments in Jordan include Tamatem Games, Altibbi, EON Dental, Tarjama, and ZenHR. The funding is expected to support startups in accessing later-stage capital and expanding into global markets.
MENA-based fintech Sovra has raised more than AED 7.34 million ($2 million) in a pre-seed round led by Pharsalus Capital. The company offers digital dollar accounts, cross-border transfers, and card-based payments through Visa and Mastercard networks.
Saudi logistics platform Pickappo raised AED 1.94 million ($530,000) in a pre-seed round to expand its AI-driven delivery infrastructure. The company connects logistics operators, e-commerce platforms, and restaurants through a unified delivery system.
In Syria, health tech startup Moadna secured AED 183,500 ($50,000) in early-stage funding at a AED 1.10 million ($300,000) valuation. The platform manages clinic operations and appointment bookings, serving more than 550 healthcare providers and thousands of users.
Saudi-based WakeCap acquired Singapore’s Frontline, an AI-powered construction planning platform. The deal extends WakeCap’s capabilities from real-time jobsite monitoring into project planning and optimisation. The company previously acquired Brazilian workforce intelligence platform Trackfy and now aims to integrate planning and execution data into a single construction intelligence system.
In the UAE, Dubizzle Group invested in proptech startup Tern through its venture arm. The platform will be integrated into Bayut and dubizzle marketplaces, allowing tenants to pay rent through credit cards and earn loyalty rewards. Dubizzle Group continues to expand across the property and automotive sectors. Its previous acquisitions include Hatla2ee, Drive Arabia, and Property Monitor.
The latest round of deals emphasize sustained venture capital interest in regional startup ecosystem, particularly in AI infrastructure, fintech innovation, and digital marketplace platforms.
Investors continue to back companies focused on scalable technology models, cross-border services, and enterprise-grade solutions. It highlights the steady expansion of MENA startups.
Also Read: Saudi Arabia Leads MENA Startup Boom with $15.4 Billion VC Activity and New Deals