Startups across the Middle East and North Africa (MENA) raised more than $ 65.583 m in disclosed funding during the third week of June, through five announced funding rounds and one strategic investment whose value was not disclosed.
Artificial intelligence continued to dominate the region’s startup investment landscape, accounting for more than 91% of total capital raised during the week.
AI Captures the Lion’s Share of Funding
CNTXT AI, a UAE- and US-based artificial intelligence company, led regional investment activity after raising $60m in a Series A funding round co-led by AI71 and BlueFive Capital.
The transaction marked the largest disclosed deal of the week, highlighting growing investor appetite for startups developing enterprise AI solutions, data infrastructure, and advanced digital applications.
Saudi Startups Advance Sustainability and Logistics Innovation
In Saudi Arabia, agritech startup Terraxy raised $3m in a Seed-2 funding round led by Wa’ed Ventures. The company plans to use the capital to expand its soil regeneration and carbon sequestration technologies while advancing sustainable agricultural solutions.
Meanwhile, Pickappo, a startup specializing in business-to-business (B2B) delivery solutions, secured approximately $533,035 in a Pre-Seed funding round backed by an angel investor. The funding will support the development of the company’s technology infrastructure and the expansion of its operations.
The transactions reflect continued investor interest in startups addressing real-economy challenges while supporting Saudi Arabia’s broader digital transformation and sustainability ambitions.
Fintech Maintains Investor Momentum
The fintech sector also remained active through UAE-based startup Sovra, which raised more than $2m in a Pre-Seed funding round led by Pharsalus Capital.
The company is developing digital financial services that enable users to save, transfer, and make payments through digital dollar-denominated accounts, highlighting ongoing investor interest in solutions aimed at improving financial access and facilitating cross-border transactions.
Early-Stage Capital Supports Syrian Innovation
In Syria, healthcare technology platform “Moadna” announced the completion of a $50,000 early-stage funding round backed by angel investors.
The company intends to use the investment to enhance its digital platform and expand its presence in the local market, demonstrating the ability of early-stage startups to continue attracting capital despite challenging operating environments.
Strategic Investments Continue to Shape the Ecosystem
Beyond conventional funding rounds, Dubizzle Group announced a strategic investment in UAE-based Tern, a platform specializing in digital rent payments and tenant rewards. The financial details of the transaction were not disclosed.
The move reflects a broader trend among established digital platforms seeking to strengthen and expand their ecosystems through strategic investments and partnerships.
UAE Leads Regional Funding Activity
On a geographic basis, the UAE captured the largest share of disclosed funding during the week, driven primarily by the CNTXT AI transaction. Saudi Arabia ranked second through investments in agritech and logistics, while Syria recorded a single deal in the health-tech sector.
The week’s transactions highlight the continued maturation of the MENA startup ecosystem, with investors increasingly backing companies capable of building scalable technology solutions and delivering measurable value across sectors such as artificial intelligence, fintech, sustainability, and digital services.
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