Startup investments across the Middle East and Africa surged during the second week of June, increasing by more than $950 million compared to the previous week.
According to the weekly startup investment report in the Middle East and Africa published by entARABI for the period from June 7 to June 13, 2026, total investments rose to $1.209 billion across six new funding deals, with half of them publicly disclosing their funding values.
Based on the report, the Space Intelligence Technologies sector captured the largest share of investments, attracting $1.2 billion, followed by the Artificial Intelligence sector with a total of $8.6 million.
In addition, two other deals were completed in Iraq’s AgriTech and E-commerce sectors, although their values were not disclosed.
Key Deals
- One deal worth $1.2 billion in the Space Intelligence Technology sector.
- Two deals worth a combined $8.6 million in the Artificial Intelligence sector.
- One undisclosed deal in the AgriTech sector.
- One undisclosed-value deal in the E-commerce sector.
Deal Details
Qatar Investment Authority Supports the Space Intelligence Sector
The Qatar Investment Authority (QIA) participated in the Series F funding round of ICEYE, a company specializing in space intelligence technologies.
The round raised €1 billion, equivalent to approximately $1.2 billion, at a valuation exceeding €10 billion, or more than $12 billion.
The investment reflects growing interest among sovereign wealth funds in advanced space and defense technologies.
The funding round was led by General Atlantic, with participation from a number of global investors.
The company plans to use the new capital to expand its international operations and strengthen its capabilities in providing space monitoring and intelligence services to governments and institutions across Europe, the Middle East, and Asia.
Algebra AI Expands Its Artificial Intelligence Technologies
UAE-based Algebra AI raised $7 million in a new funding round backed by several investors, including Infinity Constellation, BECO Capital, Silicon Badia, and Waseel Investments.
The company aims to provide AI-powered solutions for mid-sized businesses across the GCC while enhancing its technological capabilities and expanding its specialized engineering and development teams.
Zuvees Expands AI-Powered Personalized Gifting Services
UAE-based Zuvees, which specializes in artificial intelligence technologies, raised $1.6 million in a Series A funding round led by IvyCap Ventures.
The company plans to use the investment to expand its global personalized gifting platform.
Mabiati and Al Jabal Agriculture Support Iraq’s E-commerce and AgriTech Sectors
Iraq-based Mabiati and Al Jabal Agriculture secured separate six-figure investments from Iraqi investors and strategic partners to support their growth and expansion plans in the digital commerce and agricultural technology sectors.
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