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Your Daily Muslim Startup Update ☕ | September 2024 Edition

Good morning, fellow founders! Today’s update is packed with the latest news on Muslim-led startups and the growing innovation across the tech, agritech, and fintech sectors. Grab your coffee (or tea), and let’s dive into what’s happening this month.

🌱 Agritech Rising: Qarbotech Secures $1.5M

Agritech is having a moment, and Qarbotech just secured a $1.5 million seed extension round. With backing from 500 Global and Better Bite Ventures, the startup is set to scale operations across Malaysia, Indonesia, Thailand, and Vietnam. Expect them to make waves as they streamline agricultural operations in Southeast Asia. Will Qarbotech revolutionize the food supply chain in the region? We’re betting on it.

💻 Muslim Tech Fest: San Francisco Shines

The Muslim Tech Fest took over Sunnyvale, California, on September 8, bringing together the who's who of Muslim entrepreneurs. Headlined by Haroon Mokhtarzada, co-founder of Truebill, and featuring talks on AI, social impact, and tech investment, it was a gathering to remember. Haroon’s $1.3B success story had the crowd buzzing, while startups like DeepTrust and Medsnapp wowed investors with their pitches.

The festival emphasized one thing: Muslim innovators are taking tech by storm.

👉 Event details

📦 TheNoor Moves to Saudi Arabia

In a strategic shift, TheNoor, an Islamic lifestyle startup, announced it’s relocating headquarters to Saudi Arabia. Partnering with Taibah Valley, TheNoor aims to align with Vision 2030, a plan designed to boost the Kingdom’s innovation and entrepreneurial landscape. This move will strengthen TheNoor’s role in developing halal lifestyle solutions as it sets out to expand across the GCC region.

🚀 Funding Watch: Bitsmedia Raises $20M

In more fundraising news, Bitsmedia, the creators of Muslim Pro, landed a whopping $20 million in Series A funding! Led by Gobi Partners and Bintang Capital, the funds are earmarked for expanding AI capabilities and growing its Muslim lifestyle content globally. Look out for new digital features and more personalized content rolling out soon. It’s about to get interesting in the Muslim app space.