Latest news with #SuknaVentures
CairoScene
3 days ago
- Business
- CairoScene
Sukna Ventures to Invest $80 Million in Saudi & MENA Startups
Sukna Ventures, the tech investment arm of Sukna Capital, is also launching a $100 million Sharia-compliant direct lending fund to provide asset-backed, non-dilutive financing for SMEs. Jul 22, 2025 Riyadh-based Sukna Ventures has announced plans to invest $80 million in early- and growth-stage startups across Saudi Arabia and the broader MENA region. The firm's latest capital injection targets companies in fintech, digital infrastructure, and logistics. Sukna Ventures, the tech investment arm of Sukna Capital, is also launching a $100 million Sharia-compliant direct lending fund to provide asset-backed, non-dilutive financing for small and medium-sized enterprises (SMEs). The fund, approved by Saudi Arabia's Capital Market Authority, will offer shorter lock-up periods and periodic liquidity for investors. Founded in 2022, Sukna Ventures has already backed over 20 regional startups. The firm's new capital raise brings total assets under management to more than USD 130 million. According to the Saudi Central Bank, SMEs received just 9.1% of total bank credit as of Q3 2024, well below the Vision 2030 target of 15% to 20%. By combining equity investment with structured lending, Sukna Ventures aims to address this gap while attracting more institutional capital into the Kingdom's tech ecosystem.
Wamda
07-04-2025
- Business
- Wamda
Egypt's InfiniLink raises $10 million seed round
Egypt-based semiconductor startup InfiniLink has raised $10 million in a seed funding round from MediaTek, Sukna Ventures, Egypt Ventures and M Empire Angels. Founded in 2022 by Ahmed Aboul-Ella and Botros George, InfiniLink specialises in advanced optical data connectivity chips for AI-driven data centres. The funding will enable the company to advance its mission of transforming data centre connectivity, leveraging its deep expertise in analogue mixed-signal and photonics. Press release: InfiniLink, an innovative semiconductor startup specialising in advanced optical data connectivity chips for AI-driven data centres, today announced the successful closure of a $10 million funding round. This seed-stage investment was joined by MediaTek, a leading fabless semiconductor company, and Sukna Ventures, based in Riyadh, Saudi Arabia, with participation from the Egyptian VC firm Egypt Ventures and angel investor M Empire Angels. Since its founding in 2022, InfiniLink developed groundbreaking Silicon Photonics integrated optical transceiver chiplets (iOTC) technology. The funding will enable the company to advance its mission of transforming data center connectivity leveraging its deep expertise in Analog Mixed-Signal and Photonics. As AI workloads and data-intensive applications drive an exponential rise in bandwidth demands, traditional electrical and optical interconnects are hitting power and scalability limits. InfiniLink's iOTC technology addresses these challenges by enabling low-power pluggable transceiver modules and high-bandwidth-density co-packaged optical engines (CPO). These solutions provide ultra-high-speed, energy-efficient data connectivity essential for the next generation of AI-driven data centres. "Collaborating with MediaTek will be instrumental in advancing our vision for cutting-edge optical connectivity solutions," said Ahmed Aboul-Ella, Co-founder and CEO of InfiniLink. "With this strategic partnership, we look forward to accelerating the commercialisation of our innovative technologies. We believe it will make a significant impact on data centre optical connectivity," added Aboul-Ella. "We are thrilled to be part of InfiniLink's journey. Over the past three years, our partnership has been very successful, culminating in the establishment of MediaTek Egypt. We look forward to further scaling our collaboration in the region with this investment," said George Chien, Senior General Manager, MediaTek. "At Sukna Ventures, we are proud to partner with InfiniLink. Their groundbreaking optical connectivity technology, engineered by an exceptionally skilled team, addresses AI's relentless energy demands in data centres. This innovation perfectly aligns with our mandate to empower high-potential startups from the MENA region, and we are committed to supporting their international scaling efforts." said Waleed Alballaa, General Partner at Sukna Ventures. "With the combined expertise of our investors, we are well-positioned to accelerate product development, expand globally, and meet the surging demand for AI-driven connectivity solutions," concluded Ahmed Aboul-Ella.
CairoScene
03-04-2025
- Business
- CairoScene
Egyptian Semiconductor Startup InfiniLink Raises $10M in Seed Funding
InfiniLink will use this funding to advance its optical chip technology and enhance connectivity for AI-driven data centres. Apr 03, 2025 InfiniLink, an Egyptian semiconductor startup, has successfully raised USD 10 million in seed funding to advance its optical connectivity solutions designed for AI-driven data centers. The round was led by prominent Taiwan-based fabless semiconductor company MediaTek, with participation from Riyadh-based Sukna Ventures, Egyptian venture capital firm Egypt Ventures, and angel investor M Empire Angels. This funding will support InfiniLink's development of cutting-edge Silicon Photonics integrated optical transceiver chiplets (iOTC), which are crucial for addressing the increasing bandwidth and energy efficiency needs of modern data centers. Founded in 2022, InfiniLink is focused on developing low-power, high-bandwidth-density optical engines to meet the demands of AI workloads and data-intensive applications. The company's innovative technology promises to overcome the limitations of traditional electrical and optical interconnects by providing scalable, energy-efficient solutions that can handle the growing data traffic in AI-driven environments.
