MENA Startups Raise $12.7 Million in a Week, Led by Saudi AI Infrastructure Firm Think
The Middle East and North Africa (MENA) startup ecosystem maintained its strong investment momentum last week, with seven startups successfully raising at least $12.7 million. The weekly funding surge was spearheaded by Saudi-based AI infrastructure startup Think, which closed an impressive $8 million pre-seed funding round.
According to the latest data from Al-Mوجز Al-Raqamy (The Digital Brief), total startup funding in the region since the beginning of July has reached approximately $54.2 million spread across 27 investment deals. This underscores sustained investor confidence, particularly within artificial intelligence, logistics, FinTech, and digital infrastructure sectors.
Key Investment Highlights Across the Region
Saudi Arabia (AI Infrastructure): Think closed its $8 million pre-seed round co-led by RAED Ventures and Wa'ed Ventures, with participation from the Dhahran Techno Valley investment arm and several angel investors. Founded in 2025, the company specializes in developing advanced hardware-software solutions designed to optimize Graphics Processing Unit (GPU) efficiency, building more resilient infrastructure for AI applications.
Egypt (Logistics): Last-mile delivery and logistics provider Mylers secured over $2 million (approximately EGP 100 million) through a mix of debt and equity financing. Supported by existing shareholders, the capital injection will fund the company’s expansion plans and boost its operational capabilities in the logistics market.
Morocco (Super-App): ORA Technologies, the developer behind a prominent multi-service super-app, raised an additional $2 million from local investors. This latest injection brings its total Series A funding round to $10 million, though the identities of the backing investors remain undisclosed.
Syria (PropTech & AutoTech): Al-Mukhtar, a specialized real estate and automotive technology platform, raised $100,000 in a seed funding round led by angel investors to upgrade its platform and expand its service offerings.
United Arab Emirates (Risk Management): Risk analysis and management firm Azraq secured an undisclosed pre-seed investment from A-typical Ventures.
Undisclosed Venture Deals
Saudi asset-trading platform EdenMountain secured funding from GrowthX Capital.
Saudi video game developer Floaty Studio attracted capital from the Merak Gaming Fund, managed by Merak Capital.
Mega Strategic Blockchain Funding
On the strategic investment front, ADI Chain—an enterprise-grade Layer-2 blockchain network based in the UAE and developed by the ADI Foundation—announced a massive $50 million strategic investment round from undisclosed investors.
The network provides the foundational infrastructure for settling transactions using the DDSC stablecoin (which is pegged to the UAE Dirham). It also supports the operations of ADI Predictstreet, a specialized prediction market platform tied to FIFA World Cup tournaments, signaling the broadening utility of blockchain technology across regional consumer and financial markets.