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Volvo-backed EV maker Polestar raises $550mn in external funding

Sweden-based Polestar, the electric car maker controlled by Volvo and its parent, the Chinese automaker Geely, has raised $550 million in external funding, the...

Fortnite creator Epic Games secures $1bn in latest funding

American video game and software developer Epic Games has raised $1 billion in a funding round, which makes the “Fortnite” maker's value at $28.7...

Abu Dhabi Fund endows $10mn for MSME development project in Colombia

UAE's leading financial entity, Abu Dhabi Fund for Development (ADFD) has participated in a virtual ceremony hosted by the Colombian Presidential Agency of International...

Hydrogen plane start-up ZeroAvia raises $24mn in latest funding

The world's first practical zero-emission aviation powertrain developer, ZeroAvia has raised around $24.3 million from investors including funds backed by the American business magnate...

Germany’s flying taxi startup raises $241mn in latest funding

2020 witnessed less demand for airplanes, trains and buses due to COVID-19 pandemic. But one of the startups hoping to pioneer a totally new...

Dubai cybersecurity startup spiderSilk closes $2.5mn funding round

Dubai-based cybersecurity startup spiderSilk has secured $2.25 million in a pre-Series A funding round led by Saudi Technology Ventures (STV) and Global Ventures. The company...

Saudi VC KBW Ventures invests in US cellular seafood firm BlueNalu

Saudi Arabia-based venture capital (VC) firm KBW Ventures made an additional investment in US-based food-tech start-up BlueNalu after taking part in its $60 million...

Amazon-backed Deliveroo raises $180mn from funding round

Amazon-backed food-delivery start-up Deliveroo is now valued above $7 billion after raising $180 million in its latest funding round. The UK-headquartered company had raised over...
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