Dubai Weekly Funding Roundup Report: 29th July – 03rd August 2024

In our weekly funding roundup reports, we bring you the latest and most exciting funding news from the vibrant business landscape of Dubai.

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Watermelon Ecosystem, an F&B startup based in Dubai, UAE, has closed its Series A funding round at $4 million.

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Franklin Templeton Investment Management, a global investment management firm, is eyeing an expansion in the Middle East with seven feeder funds.

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These feeder funds will be offered to retail investors in the UAE from Monday and will be domiciled in the Dubai International Financial Centre (DIFC).

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On August 1, 2024, Aleta Planet, one of the key Fintech firms, announced substantial investment from Dubai-based National Pulse.

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According to Ryan Gwee, founder and group chairman of Aleta Planet, this investment comes at a time when the UAE is continuously improving its digital and financial services environment.

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