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Aramco Ventures leads $30m Spiritus investment

image sourced from original article at https://www.arabnews.com/node/2592929/business-economy

Aramco Ventures has led a $30 million Series A funding round for US-based climate tech startup Spiritus, which aims to reduce carbon emissions from data centers and industrial construction. Talabat has acquired Instashop from Delivery Hero for $32 million, expanding its partner network in the MENA region. SC Ventures and Visa have signed an agreement to develop digital solutions for SMEs in the MENA region. LoftyInc. Capital Management has raised $43 million in the first close of its LoftyInc. Alpha Fund, targeting startups in Nigeria, Egypt, Kenya, and Francophone Africa. Capital Haus has acquired an 11.6 percent stake in Equity Story Group, pushing its total assets under management beyond $1 billion.

Original article source: https://www.arabnews.com/node/2592929/business-economy
Source Id: 2025-03-654396587

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