Dubai-based early-stage venture capital firm COTU Ventures is announcing that it has raised $54 million for its inaugural fund to support startups in the Middle East from pre-seed […]
QIA to invest $1 billion in international and regional venture capital funds
The Qatar Investment Authority (QIA) is launching a $1 billion venture capital (VC) fund of funds for international and regional venture capital funds, the sovereign wealth fund announced […]
TikTok launches its ‘Add to Music app’ feature available in over 160 countries
TikTok announced today that it is launching its “Add to Music app” feature, which lets users add a song playing on a clip to services like Apple Music […]
Tencent’s gaming cash cow Honor of Kings sets sights on MENA
Honor of Kings, Tencent’s massively popular mobile game, has its eye set on the international market in 2024. Starting on February 21, the multiplayer online battle arena (MOBA) […]
Spyware startup Variston is losing staff, some say it’s closing
In July 2021, someone sent Google a batch of malicious code that could be used to hack Chrome, Firefox, and PCs running Windows Defender. That code was part […]
Speedinvest closes fourth fund at $380 million to back early-stage startups in Europe
Vienna-based early-stage VC Speedinvest has closed its fourth early-stage fund, Speedinvest 4, at €350 million (around $380 million at today’s exchange rate), surpassing the initial goal of €300 […]
New Deus Ex Game Reportedly Canceled By *That* Gaming Company
Embattled gaming company Embracer Group has cancelled an in-development Deus Ex game that Eidos Montreal was working on, according to a new report from Bloomberg. The untitled and unannounced RPG was reportedly in pre-production for two years and was set to “enter production later this year,” an anonymous source told B…
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DXwand raises $4M to scale its conversational AI platform serving enterprises in MENA
DXwand, a Cairo- and Dubai-based startup that leverages conversational AI to help businesses in the Middle East automate customer service and employee assistance, has raised $4 million in […]
Micromobility startups Tier and Dott plan to merge to find a path to profitability
After years of exploding growth and massive funding rounds, it’s time for consolidation in the micromobility industry. Tier and Dott, two leading European companies in the space, have […]