Dubai, UAE – Four UAE-based startups have announced new funding rounds in the latest wave of early-stage investment across the Middle East and North Africa, spanning equity management software, generative AI for creatives and digital health.
CapQuest – $1 million pre-seed
Equity management platform CapQuest has raised $1 million in a pre-seed round led by Oraseya Capital and AMKM Family Office. The startup plans to use the capital to automate its product, build new tools and expand internationally.
Popcorn Studio AI – $1 million pre-seed
Creative AI company Popcorn Studio AI closed a $1 million pre-seed round led by Mohammed Bin Bouta Al-Harsoosi. The funding will support technology development and expansion across the UAE, Saudi Arabia and Egypt.
Vitalls – $1.5 million seed commitment
Health passport platform Vitalls secured a $1.5 million seed commitment from Singapore-based EST Growmore as anchor investor, with an option for a further $1 million. The company will use the funds to develop distribution, product and portfolio partnerships.
Nabta Health – pre-Series A second close
Women’s healthtech company Nabta Health announced the second close of its $3 million pre-Series A round, led by Phoenix Venture Partners. The investment will fund commercial expansion, customer acquisition and new partnerships.
A busy month for regional startups
The UAE deals sit alongside wider regional activity, including Egyptian fintech MNT-Halan’s listing on the Egyptian Exchange and pre-seed rounds for Saudi startups Vrtx and INVE. Together they show investors continuing to back founders building in fintech, AI and health across the Gulf.
Source: Arab News Startup Wrap.
