Startup Wrap: MENA founders secure millions as new growth capital enters the market

RIYADH: Startups across the Middle East and North Africa secured at least $7.4 million in funding over the last week, across sectors including artificial intelligence, education, and financial technology. The latest announcements also cover a new Saudi growth-stage fund, investments in five Omani startups and a multi-seven-figure acquisition in Egypt’s private capital sector. Pinnacle launches Saudi growth-stage venture fund Saudi Arabia-based Pinnacle has launched a venture capital fund focused on growth-stage companies and secondary investments in the Kingdom.