Regional startups fuel surge in investments

CAIRO: Venture capital investments in the region have surged, with deep tech startups capturing a significant portion of the activity.

Web3 applications, blockchain, and ventures focusing on carbon control have secured substantial funding, reinforcing the region’s role as a driver of innovation and change.

UAE-based digital assets infrastructure provider Fuze has announced a successful seed funding round, securing $14 million.

The investment was spearheaded by Abu Dhabi’s Further Ventures and saw participation from US firm Liberty City Ventures.

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