Beta Lab Launches $300M Fund

Saudi-based, Beta Lab, has announced the launching of a $300 million fund during the participation in FII8 in Riyadh.

Why it Matters? The fund targets deep-tech startups.

Beta Lab was founded in 2022 and focuses on venture building and deep tech.
The fund is backed by Saudi Investment Ministry and Research, Development and Innovation Authority, MDI Ventures, Telkom Indonesia, and Hong Kong’s Tech Incubation & Acceleration in HK Science Park.
The fund targets startups in the MENA region and Southeast Asia.

Adaverse Invests $500,000 in Umrah Cash

Adaverse Venture Fund has invested $500,000 in the Saudi-based fintech startup, Umrah...

enza, a UAE-based fintech infrastructure provider, has secured $6.75M in a Seed...

Rekaz, the Saudi-based B2B solutions platform, has secured $5 million in a...