Week 25's Biggest Startup Funding Rounds in Africa and the Middle East, Led by D360 Bank

Startups across Africa and the Middle East raised a combined $566.1 million this week, based on disclosed funding rounds tracked by Techloy, with most of the money landing in fintech, AI and cybersecurity. One deal, D360 Bank's $400 million capital increase, made up more than two-thirds of the week's total on its own.

The Week's Largest Startup Funding Rounds

Here are the biggest disclosed startup funding rounds across Africa, the Middle East and Israel this week.

/1. D360 Bank, $400 million (SAR 1.5 billion), Digital banking, Saudi Arabia 

D360 is Saudi Arabia's first licensed digital bank, offering accounts, payments and lending entirely through an app. Shareholders approved a SAR 1.5 billion capital increase, backed by the Public Investment Fund and led by Derayah Financial, with the money set to fund the bank's expansion and lending growth. The raise makes it the largest Saudi digital bank by capital and values it at around SAR 6 billion.

/2. NewCore, $66 million, Cybersecurity, Israel 

NewCore, founded by Israeli cyber veterans including Dome9 founder Zohar Alon, builds an identity system that manages and secures the logins of employees, machines, and AI agents from a single place. The company came out of stealth at a $300 million valuation with money from Cyberstarts, Index Ventures and Evolution Equity Partners, which it will put toward product development and a go-to-market push.