foundergenx

SVC Backs SEEDRA Ventures' Oversubscribed Fund II — the

The Raise

This is not a startup funding round — it is the fund-of-funds mechanism that produces one. Saudi Venture Capital has invested in SEEDRA Ventures' oversubscribed second fund, which will write early-stage checks to Saudi founders in AI, fintech, proptech, SaaS and logistics. Fund size and SVC's ticket are undisclosed; oversubscription is the only quantified fact in the deal.

Reme-D Raises $1.45M to Take Egyptian Diagnostics

The Raise

Reme-D, a Cairo-based molecular diagnostics manufacturer, raised $1.45 million in a Pre-Series A led by Anara Impact Capital, with Global Innovation Fund and Africa Health Ventures participating, Wamda reported. The company plans a tenfold manufacturing capacity increase via a move to a 1,500 sqm facility, after supplying over 550,000 tests across Egypt, Kenya, and Sudan since 2023.

SILQ Raises $20M From Gemcorp

The Raise

SILQ, the Saudi-Bangladeshi B2B commerce group formed from Sary and ShopUp, raised $20 million from Gemcorp Capital on July 13, 2026 and $75 million from Fasanara Capital nine days later — both Shariah-compliant debt facilities routed through its embedded-finance arm Fina, which lends against the SAR 10 billion in B2B commerce SILQ ran through 2026.

Saudi Startup Think Raises $8M+ Pre-Seed on a 90%

The Raise

Saudi AI-infrastructure startup Think closed a pre-seed round of more than $8 million, co-led by RAED Ventures and Wa'ed Ventures, on a single efficiency claim: its integrated hardware-and-orchestration stack sustains GPU utilization above 90 percent, against an industry average of 30 to 50 percent, which the company says cuts its per-token costs roughly tenfold versus frontier-model pricing.

Egypt's Kuadra Raises Again From Edafa

The Raise

Kuadra raised a new round led by Edafa Venture Capital — the same investor that bought into the Egyptian construction-tech startup for six figures earlier this year — but neither round discloses a size. The real signal is Kuadra's claimed advanced talks with one of Egypt's five largest contractors, not the raise itself.

Syria's Startup Scene Gets Its First Confirmed Foreign

The Raise

Labby, a Syria-based super app founded in 2024 by Mohammad Fawaz, has raised $10 million from a consortium of UAE and Saudi investors — the first direct foreign investment in a Syrian tech startup, per Syrian officials. The round funds product development and market expansion. Investor names, valuation, and user metrics remain undisclosed, per Wamda's July 22, 2026 report.