VC React Podcast:
Every week, we bring you insights and reactions from top VCs, LPs, & Angel Investors, reacting to the latest news on MENA startups, VCs, and investment rounds.
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Hosts:
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Available on:
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Guests:
1. Abe Seksek, Angel Investor and Host of the ABEZ Show
- LinkedIn Profile: https://www.linkedin.com/in/abeseksek/
- Website: https://www.abezshow.com/
2. Atheer AlKhalifa, Angel Investor with Oqal Angel Group
- LinkedIn Profile: https://www.linkedin.com/in/atheerak/
- VC Firm Website: https://oqal.org/
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#startups #vc #tech #ai #investments #entrepreneurship #venturecapital #venturedebt #privatecredit #privateequity #finance #business #ipo #acquisitions #limitedpartners #revenuebasedfinancing #fintech #climatetech #edtech #accelerator #cvc #web3 #crypto #blockchain #defi
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Sponsors:
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News of the week brought to you by FWDstart.
In Today's Episode:
- Ninja becomes Saudi Arabia’s latest tech unicorn with $250M raise ahead of 2027 IPO
Summary: Ninja, the Saudi-based quick commerce startup founded by HungerStation’s Ebrahim Al-Jassim, has raised around $250 million in new funding from Riyad Capital and local investors, reaching a reported valuation of $1.5 billion and becoming one of the Kingdom’s newest tech unicorns. Founded in 2022 by Al-Jassim, Saud Al Qahtani, and Canberk Donmez, Ninja began as a grocery delivery platform and has since expanded to include food delivery. It operates across Saudi Arabia, Bahrain, Qatar, and Kuwait. The company is reportedly targeting a public listing by 2027.
- PetroApp raises $50M to expand digital fuel platform, targets 2028 IPO
Summary: Jadwa Investment has committed $45 million to PetroApp, a Saudi digital fuel payment and fleet management platform, as part of a $50 million round that also included Abu Dhabi-based Bunat Ventures. Founded in 2018 Abdulaziz Alsenan, PetroApp offers digital fuel payment and fleet management solutions. It now manages more than 500,000 vehicles for over 10,000 corporate clients, operating across 5,000 fuel stations in Saudi Arabia, Egypt, Thailand, and Nigeria.
- Impact46 backs Spekter Games in $5M seed round to expand global gaming footprint
Summary: Spekter Games has raised $5 million in seed funding to build crypto-integrated games for social platforms, with the round led by a16z Speedrun and participation from Impact46, London Bay Venture Partners, BRV Capital Management, Chamaeleon, Accelerator Ventures, and Alumni Ventures. Founded in 2024 by Taehoon Kim, Spekter Games is building web3-hybrid games that integrate blockchain elements without sacrificing gameplay. Its first title, Spekter Agency, is live on Telegram, offering social gameplay with crypto-native incentives built in.
- OpenAI Loses 4 Key Researchers to Meta
Summary: Four senior researchers—Shengjia Zhao, Shuchao Bi, Jiahui Yu and Hongyu Ren—have quit OpenAI and moved to Meta’s newly announced super-intelligence team, where they will work under Alexandr Wang (now Meta’s chief AI officer) and Nat Friedman.
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