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Saudi startup Sadq has raised $1.5 million in a pre-Series A funding round led by X by Unifonic Fund, positioning itself as a leader in the Kingdom's digital trust ecosystem. Founded in 2022, Sadq offers an AI-powered digital signature platform compliant with national legal frameworks, aiming to enhance secure digital transactions across public and private sectors. The investment will support national expansion, infrastructure strengthening, and strategic partnerships, reflecting Saudi Arabia's broader digital transformation under Vision 2030.
Deloitte Middle East has revealed the results of its fourth Technology Fast 50 programme, showcasing the region's fastest-growing tech companies based on revenue growth over the past four years. This year, over 200 applications were received, with Saudi Arabia contributing 30% of the ranked companies, followed by the UAE at 28% and Cyprus at 16%. The average growth rate reached an impressive 8,823%, with 29 companies exceeding 1,000% growth, highlighting the vibrant innovation and entrepreneurial spirit in the region's tech sector.
The Middle East's sports industry is set to grow at an annual rate of 8.7%, outpacing the global average, with the region now accounting for 24% of global sports investments. Key players like Saudi Arabia, the UAE, and Qatar are leading in sustainable sports infrastructure, focusing on renewable energy and smart technologies. This growth is fueled by government initiatives, private capital, and a rising emphasis on women's sports, positioning the region as a global sports leader.
Semler Scientific, a Nasdaq-listed healthcare technology firm, has filed to raise $500 million in securities, with plans to allocate funds for general corporate purposes, including significant bitcoin acquisitions. This bold strategy comes as the company has already invested $280.4 million in bitcoin, despite having only $14.92 million in cash reserves, reflecting a dramatic shift in capital deployment. While Semler's core business remains strong, the aggressive bitcoin strategy introduces volatility risks, particularly as the company navigates a recent $29.75 million regulatory settlement.
Medium has reaffirmed its commitment to diversity, equity, and inclusion (DEI) despite political pressures, emphasizing that diverse voices enhance understanding and enrich conversations. This stance contrasts with a broader industry retreat, as many companies scale back DEI initiatives, even as research shows that diverse leadership correlates with better financial performance. Medium views diversity as a competitive advantage, essential for innovation and effective product development, while also addressing persistent representation gaps in the tech industry.
AXIAN Telecom has secured a $100 million financing package from the European Investment Bank (EIB) to enhance mobile broadband infrastructure in Madagascar and Tanzania, focusing on expanding 4G and introducing 5G coverage. This investment aims to improve digital connectivity, promote socio-economic growth, and reduce telecom access inequality in Africa. With $60 million allocated for Tanzania and $40 million for Madagascar, the project aligns with the EU's Global Gateway strategy and supports the United Nations Sustainable Development Goals.
Seveno Capital has launched a $70 million wellness fund, backed by Allen Law, targeting early and growth-stage ventures that enhance human health spans. Its first investment is in A Cabin Company, which plans to create nature-based accommodations near major cities, starting with Chiba, Japan, and aims to expand to 380 cabins by 2029 across Greater Tokyo, Osaka, and beyond.This initiative aligns with the booming wellness tourism sector, projected to reach $8.5 trillion by 2027, as consumers increasingly prioritize wellness experiences. A Cabin Company also addresses Japan's vacant property crisis, leveraging government incentives to develop rural areas and meet the demand for tranquil, sustainable living spaces.
The Aurora Tech Awards 2025 in Cairo showcased women-led startups globally, with Egypt’s Salma Medhat receiving special recognition for her personal safety platform, Hiryo. The event featured ten finalists from over 2,000 applications, competing for financial support and networking opportunities.Winners included Solape Akinpelu from Nigeria, who took first place with HerVest, a fintech platform for African women, followed by Loretxu Garcia Arraztoa from Chile and Shreya Prakash from India in second and third places, respectively. InDrive announced a partnership with Entlaq to bolster local entrepreneurship through mentorship and capital access.
The NEOM Investment Fund has partnered with US-based Liberation Labs to establish a precision-fermentation biomanufacturing facility in Saudi Arabia, aimed at localizing food production and reducing import dependency. This initiative, developed in collaboration with Topian, supports NEOM's vision of becoming a global hub for alternative protein production and enhancing food security. The facility will produce high-value food ingredients, contributing to job creation and self-sufficient food systems in the region.
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