Fundraising
Einride's Founders Bet Their SPAC Windfall on a €450M
FundraisingNavisalma, the new venture platform from Einride co-founders Robert Falck and Linnéa Kornehed Falck plus ex-McKinsey partner Robert Westerdahl, has raised roughly €40 million toward a stated €450 million, three-year target for European deep tech. The larger number is an ambition, not a closed fund — the bet is unproven until outside capital shows up.
Swvl's $13M PIPE From Sawiris-Backed Coefficient Doubles
FundraisingSwvl's $13 million PIPE — $10 million from Coefficient LP, backed by Egypt's Sawiris family, plus $3 million from an existing shareholder — prices at $1.446 a share, below the stock's 2025 year-end close of $1.90. Framed as US-expansion capital, the raise also rebuilds the shareholders'-equity cushion Swvl needed to clear an April 2026 Nasdaq compliance deadline.
Index Ventures and Benchmark Price Instinct at $2.5B While
FundraisingInstinct's $250M Series B, lifting the year-old AI-assistant startup to a $2.5 billion valuation, is a hype-outrunning-scrutiny bet: Index Ventures and Benchmark priced traction anecdotes and viral demand, not disclosed revenue or user counts, while the startup's own terms of service — flagged for granting perpetual, wide-reaching data rights — remained unresolved at signing.
AI Score's $5.4M Seed Round Trades on GCHQ Pedigree
FundraisingAI Score, a London AI-governance startup founded by ex-National Cyber Security Centre staffer Alex Harland, raised a $5.4 million seed round led by Fuel Ventures, lifting total funding to $6.4 million since its $1 million pre-seed in November 2025. The company reports revenue growth but discloses no ARR, valuation, or named customers.
Gaia's $1.5M Pre-Seed Bets Saudi Enterprises Will Pay
FundraisingSaudi enterprise-AI startup Gaia raised a $1.5 million pre-seed led by Riyadh's Seedra Ventures, a CMA-licensed fund whose Fund II counts state-owned Saudi Venture Capital Company as a backer. Co-founders Badr Al-Malluh and Mohammad Rababah bet enterprises will adopt AI search and agents only if data stays inside their own environment — no user, revenue or customer traction was disclosed.
Fluencify's $4.3M Pre-Seed Bets AI Agents Can Replace
FundraisingStockholm's Fluencify raised an oversubscribed $4.3M pre-seed from byFounders and Wave Ventures after reaching $2M ARR in six months, betting that AI agents can run brand-creator campaigns end-to-end — discovery, briefing, paid boosting and cross-border payouts — without an agency. The round pairs an institutional Nordic/Baltic fund with a Gen Z-run micro-fund, the ecosystem's own funding logic.
Creative Investments Holding Banks $20M First Close
FundraisingAbu Dhabi-based Creative Investments Holding closed $20 million of a targeted $50 million founding round, still subject to definitive agreements, backed by Onsi Naguib Sawiris, Ali Abubakr and Egypt's MSMEDA. The bet: a permanent-capital holding company, not a fund with an exit clock, can consolidate MENA heritage food, hospitality and retail brands into scalable, internationally competitive champions.