RIYADH: Startups across the Middle East and North Africa are accelerating growth through new funding rounds, regulatory milestones, and technology deployments, with companies in fintech, legal tech, and health tech attracting strong investor interest.
From Morocco to the UAE, founders are scaling operations, expanding regionally, and enhancing product capabilities as demand for digital and artificial intelligence-driven services continues to rise across key sectors.
UAE-based legal tech startup Oqood has secured $1 million in seed funding from a group of angel investors, a significant step in its drive to modernize legal services through AI.
The startup, founded by Khaled Al-Rasheed, develops AI-powered tools designed to automate repetitive legal tasks, streamline documentation, and improve communication between clients and legal professionals.
“This round reflects the growing investor interest in legal technology, a sector valued at more than $31 billion in 2024 and projected to grow at an annual rate of 9.4 percent,” said Al-Rasheed, founder and CEO of Oqood.
