Startups across the Middle East and Gulf recorded more than $1.6 billion in disclosed investments between September 1 and 20, according to a consolidated report by entArabi. The figure covered 22 announced deals out of 24 transactions.
Artificial intelligence attracted the largest share, with six deals worth $900.69 million, or 56.3% of total disclosed funding. Fintech followed with more than $651.5 million across eight companies, representing 40.7% of the total. E-commerce, logistics, education technology and gaming made up most of the remaining activity.
Saudi Arabia led regional investment with approximately $675.4 million across nine deals. Its fintech sector accounted for more than $624.5 million. Qatar’s total was driven by the Qatar Investment Authority’s participation in an $875 million Series C round for US-based AI hardware company Positron AI.
Among other notable transactions, Sardab raised $10 million in a Series A led by Elm, while Egyptian fintech Zeal secured $10 million from undisclosed investors. Saudi fintech Rabeh raised $8.5 million, ZenHR closed a $6 million bridge round, and Syarah received a $12 million investment from Impact46.
The UAE recorded approximately $16.5 million, while Egypt’s disclosed funding reached about $13.657 million, including Bekia’s $675,000 round.
Source: EntArabi
