05-02-2025
qeen.ai secures largest seed investments in MENA; total funding reaches $12mln
UAE: Dubai-based AI startup has raised one of the largest seed investments in the MENA region to date, securing $10 million in funding, according to a press release.
The fundraising transaction was led by Prosus Ventures, with participation from existing investors including Wamda Capital, 10x Founders, and Dara Holdings.
The investment, which brings total funding to $12 million, will support the startup's growth strategy by expanding the reach and capabilities of its agentic AI platform, scaling the team, and attracting a wider customer base.
Morteza Ibrahimi, Co-Founder and CEO of stated: 'By building AI solutions that are both intuitive and accessible, we enable e-commerce businesses of all sizes to scale, innovate, and thrive in the evolving digital economy.'
Robin Voogd, Head of Middle East Investments at Prosus Ventures, commented: 'The company has demonstrated an innovative approach to bringing AI to the e-commerce industry and is backed by an expert founding team. They will provide significant value to merchants focused on delivering a strong digital shopping experience across countries.'
Launched in the second quarter (Q2) of 2024, has served over 15 million users, generating more than 1 million SKU descriptions, and enabling merchants to achieve a 30% uplift in sales.
In June 2024, closed a $2.20 million pre-Seed funding round to boost MENA's e-commerce sector.
It is worth highlighting that the e-commerce market in MENA is projected to reach $50 billion in 2025, with Saudi Arabia and the UAE leading the landscape.
