{"id":67056,"date":"2026-06-07T21:02:20","date_gmt":"2026-06-07T18:02:20","guid":{"rendered":"https:\/\/entarabi.com\/?p=67056"},"modified":"2026-06-07T21:03:23","modified_gmt":"2026-06-07T18:03:23","slug":"during-the-first-week-of-june-2026-startup-investments-reach-258-5-million","status":"publish","type":"post","link":"https:\/\/entarabi.com\/en\/2026\/06\/during-the-first-week-of-june-2026-startup-investments-reach-258-5-million\/","title":{"rendered":"During the first week of June 2026, startup investments reach $258.5 million"},"content":{"rendered":"\n

Startup investments in startups across the Middle East, Africa, and the Gulf recorded a total of new deals during the first week of June 2026, specifically from June 1 to June 6. A total of 3 deals were completed, with the largest share going to the United Arab Emirates, followed by Egypt.<\/p>\n\n\n\n

According to the weekly investment report issued by \u201centArabi,\u201d total investments exceeded $258.5 million. The deals included two disclosed transactions in the logistics technology and gaming sectors, in addition to an undisclosed funding round in the recycling sector for an Egyptian company.<\/p>\n\n\n\n

The main deals include a single deal worth $250 million in the logistics sector, a single deal worth $8.5 million in the gaming sector, and one undisclosed-value deal in the recyclable materials sector.<\/p>\n\n\n\n

Deal Details<\/h2>\n\n\n\n

CargoX \u2013 Autonomous Delivery Services<\/h2>\n\n\n\n

UAE-based CargoX, a delivery services platform, raised a $250 million funding round led by a consortium of investors, including BlueFive Capital. <\/p>\n\n\n\n

The round aims to support the company\u2019s expansion plans in the autonomous logistics sector across the UAE and international markets, with a focus on developing vehicle technologies, strengthening operational infrastructure, and building long-term strategic partnerships with key players in e-commerce, retail, and logistics sectors.<\/p>\n\n\n\n

SPARQ \u2013 Game Engine Development<\/h2>\n\n\n\n

UAE-based SPARQ, a company specializing in AI-powered game engine development, raised $8.5 million in a seed funding round with early participation from the Scout Fund of Andreessen Horowitz (a16z).<\/p>\n\n\n\n

The round comes after more than two years of product development, during which the founders invested around $2.5 million of their own capital to build a fully proprietary game engine based on C++, featuring more than 3 million lines of code. <\/p>\n\n\n\n

The company has also built a team of over 20 engineers and attracted a waitlist of more than 6,000 content creators before securing external funding.<\/p>\n\n\n\n

DAWAR \u2013 Recycling Tracking and Verification<\/h2>\n\n\n\n

Egypt-based DAWAR, a digital platform specializing in tracking recyclable materials, secured a six-figure funding round from GlobalCorp, Tawasoa, and the Commercial International Bank (CIBP).<\/p>\n\n\n\n

The funding aims to support the company\u2019s expansion and enhance its infrastructure for verification and tracking of material flows. <\/p>\n\n\n\n

It will also strengthen DAWAR\u2019s ability to document recyclable waste movement in line with regulatory requirements and the needs of international markets that prioritize transparency and reliable supply chains.<\/p>\n\n\n\n

\"\"<\/figure>\n","protected":false},"excerpt":{"rendered":"

Startup investments in startups across the Middle East, Africa, and the Gulf recorded a total of new deals during the first week of June 2026, specifically from June 1 to June 6. A total of 3 deals were completed, with the largest share going to the United Arab Emirates, followed by Egypt. According to the […]<\/p>\n","protected":false},"author":11,"featured_media":67110,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8850],"tags":[],"class_list":["post-67056","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-venture"],"acf":[],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/67056","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=67056"}],"version-history":[{"count":2,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/67056\/revisions"}],"predecessor-version":[{"id":67116,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/67056\/revisions\/67116"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/67110"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=67056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=67056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=67056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}