Gulf startups raised over $7 Mn this week, led by Vrtx and CapQuest
Newzchain covered 8 Gulf startup funding rounds between October 18 and October 24, worth over $7 Mn across the 6 that disclosed an amount.
The largest rounds went to Vrtx ($3.6 million), CapQuest ($1 million) and Popcorn Studio AI ($1 million).
Fintech
Two Fintech startups raised over $4.6 Mn this week.
Vrtx, which builds infrastructure to embed financial services into products, raised $3.6 million in a pre-seed round from SC Ventures by Standard Chartered and Sadu Capital.
CapQuest, which builds an equity management platform for companies, raised $1 million in a pre-seed round led by Oraseya Capital and AMKM Family Office.
Artificial Intelligence
Three Artificial Intelligence startups raised over $2.1 Mn this week.
Popcorn Studio AI, which runs an AI video production platform for filmmakers, raised $1 million in a pre-seed round led by Mohammed Bin Bouta Alharsoosi.
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Ayan, which builds an agentic platform monitoring AI product descriptions, raised AED 2.2 million (about $600,000) in a pre-seed round from strategic global business angels.
TheQA, which provides AI-assisted consumer research surveys, raised more than $550,000 in a pre-seed round from a Kuwaiti family office and strategic angel investors.
Healthtech
Two Healthtech startups raised funding this week.
Nabta Health, which develops AI-powered preventive healthcare infrastructure, raised an undisclosed amount in a pre-Series A round led by Phoenix Venture Partners.
Vitalls, which develops an AI-powered digital health passport, secured an investment commitment of $1.5 million from EST Growmore.
Across other sectors
INVE, which operates a digital event management platform, raised $300,000 in a pre-seed round from Outliers VC (Eventtech).
This roundup covers the funding rounds Newzchain reported this week. Investment commitments and rounds with undisclosed amounts are not in the totals.
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