Wamda ومضة

Saudi Arabia-based Doos دووس, a q-commerce platform founded in 2023 by Tala Al Sahsah, has secured a strategic investment from Jahez International Company. The investment supports Jahez’s strategy to expand beyond food delivery and strengthen its foothold in the Kingdom’s growing quick-commerce sector, combining its tech infrastructure with Doos’s curated product offering and express delivery network. https://lnkd.in/dx62fSM2

💬 “After a record-breaking September, MENA startup funding cooled — but confidence didn’t.” In October 2025, startups across the region raised $784.9M across 43 deals, down 77% from September yet still 395% higher year-on-year. Debt dominated the landscape, making up 72% of total capital, as investors leaned toward growth backed by stability. 📊 Read Wamda’s full October 2025 MENA Startup Funding Report on https://lnkd.in/das-rFe7 #WamdaInsights #MENAVC #Startups #DebtFunding #VentureCapital #MENAtech #Wamda

Moroccan superapp ORA TECHNOLOGIES and Azur Innovation Management have acquired CATHEDIS, marking the first-ever consolidation between Moroccan startups funded entirely with local capital. The deal positions ORA as a key player in Morocco’s digital and e-commerce ecosystem, integrating fintech, foodtech, and logistics. Founded in 2023 by OMAR ALAMI, the ORA app offers multiple features, including P2P transactions, an e-commerce platform, on-demand services, chat functionality, social networking, and a digital wallet to be launched soon. https://lnkd.in/dPZ2Zwrm

Saudi-born food delivery app Jahez Group has partnered with noon, integrating their platforms to enhance delivery speed, choice, and convenience across Saudi Arabia. The partnership enables direct access to noon Minutes through the Jahez app, allowing users to shop across multiple product categories, all fulfilled via noon’s quick-commerce infrastructure and dark store network. Simultaneously, Jahez’s food delivery service will be integrated into the noon app. https://lnkd.in/dbQcgZUX

Saudi-based logistics provider Logexa has concluded a $2 million pre-Series A funding round, led by SEEDRA Ventures and including investments from Nour Nouf Ventures and several angel investors. Founded in 2021 by Hussam Sindi and Hussam Spano, Logexa focuses on shared warehousing and transport by utilising underused storage and logistics capacity across Saudi Arabia. https://lnkd.in/dqg42kqt

rmz.ai, a Saudi generative AI platform, announced the completion of its $100,000 pre-seed funding round led by Beyond.xyz, a Saudi-based virtual production studio. Founded in 2025, rmz.ai aims to empower content creators through intelligent AI tools that manage image, audio, and video workflows within a single, easy-to-use interface. The investment will support the development of “Creative Agents”, AI-powered assistants designed to simplify complex content creation workflows and enhance creative quality. https://lnkd.in/d8Dn8aCi

Egypt-based solar energy utility Karm (KarmSolar) has announced its first international expansion with the establishment of KarmCyprus, marking its entry into the Cypriot renewable energy market. Founded in 2011 by Ahmed Zahran, Xavier Auclair, Yumna Madi and Randa Fahmy, KarmSolar provides several sectors in Egypt with renewable energy as part of its target to enlarge the private clean energy market. KarmCyprus secured EUR 5 million in project financing from Eurobank to construct a 7.6 MW solar PV plant in Monagroulli, southern Cyprus, expected to begin operations by September 2026. https://lnkd.in/eKpbJiN7

US-based fintech MidLyr has raised $2.5 million in pre-seed funding led by Silicon Badia, with participation from Wedbush Ventures, Hustle Fund, DCG, and Story Ventures. Founded in 2025 by Wael E. and Ruochen R., MidLyr enables banks to translate policy text into compliant AI workflows, connecting directly to internal data to automate processes such as issue resolution, risk reviews, and marketing compliance—all within regulatory boundaries. https://lnkd.in/dR48EkCA

Public Investment Fund (PIF) and aramco signed a non-binding term sheet to combine their artificial intelligence (AI) assets and work jointly through HUMAIN, a PIF-owned company. Under the agreement, Aramco will acquire a significant minority stake in HUMAIN, while PIF will retain majority ownership. Both entities will contribute AI assets, capabilities, and talent to HUMAIN, creating a unified platform to accelerate the company’s growth and global reach. https://lnkd.in/d5-utp7c

Tabby | تابي, the Saudi Arabia-headquartered fintech, announced the completion of a secondary share sale by certain existing shareholders. The transaction included participation from HSG, Boyu Capital and others, resulting in an implied company valuation of $4.5 billion. No new shares were issued, and Tabby did not receive proceeds from the transaction, which reflects investor demand for exposure to the company’s growth. https://lnkd.in/dtzBuVqg