New startup investments across the Middle East declined by $78.3 million during the final week of July compared with the second and third weeks of the same month.
According to the entArabi Weekly Investment Report, covering the period from July 27 to July 31, startups in the region announced four investment deals worth a combined $17.8 million, involving five companies.
Saudi Arabia Leads Regional Investments
Saudi Arabia topped the region, accounting for 53.4% of the total announced investments, with $9.5 million raised across the insurtech and gaming sectors through startups DESAISIV and Ash Games.
The United Arab Emirates ranked second, capturing 30.9% of total investments with $5.5 million raised by Bundle, a startup operating in the fintech and blockchain sectors.
The e-commerce sector came in third through Fincart, which secured $2.8 million, representing 15.73% of the week’s total announced investments.
Key Investment Deals
- Saudi-based DESAISIV, an insurtech startup, launched an $8 million growth funding round to accelerate the development of its artificial intelligence technologies and expand its product portfolio, alongside the launch of its AI Insurance Agent platform.
- UAE-based Bundle, a Web3 rewards platform, raised $5.5 million in a Pre-Seed funding round as it emerged from stealth mode and launched its global shared rewards platform. The round was co-led by Ethereal Ventures and Further Ventures, with participation from Nascent, GSR, Scenius Capital, Anchorage Digital, and Nuwa Capital.
- Saudi game development studio Ash Games secured $1.5 million in a Seed funding round co-led by Merak Capitalر and Impact46 through the Merak Gaming Fund. The investment will support the studio’s game development efforts and accelerate its expansion into global markets
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