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Saudi Arabia-based COFE Tech has secured an undisclosed investment from Phoenix Venture Partners and participating investors, following a pre-IPO funding round that valued the company at $178 million. The company is preparing for institutional expansion while targeting a potential listing by 2029.
UAE fintech company Sav has raised $3.5 million in a pre-Series A round led by Phoenix Venture Partners, bringing its total funding to approximately $6 million. The company will direct most of the investment toward entering the Saudi market and developing its AI-based products and infrastructure across the Gulf.