In a significant boost for the Middle Eastern tech landscape, two companies have successfully secured substantial funding in October 2025. According to the results published in the material, Tagaddod and Ctrack are set to leverage their new capital to enhance operations and broaden their market presence.
Tagaddod Secures $26.3 Million in Series A Funding
Tagaddod, a prominent player in the energy sector, raised $26.3 million in a Series A funding round led by The Arab Energy Fund. This investment aims to strengthen Tagaddod's operational capabilities and facilitate its expansion into new markets, positioning the company for future growth.
Ctrack Raises $23.4 Million in Equity Funding
Meanwhile, Ctrack has also made headlines by securing $23.4 million in equity funding, spearheaded by Sanari Capital. The funds will be directed towards improving Ctrack's technological infrastructure and scaling its services, further solidifying its position in the competitive landscape of tracking solutions.
At the same time, significant developments in blockchain adoption were highlighted by BlackRock's Maxwell Stein, who announced trillions ready for on-chain transactions at Ripple Swell 2025. For more details, see read more.
