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Want to change your career, widen your skillset, take up a new hobby or just love learning something new? The new year is the perfect opportunity to upskill, which opens doors to new opportunities.

UAE-based spend management platform Alaan has raised US$4.5 million in a pre-series A funding from Presight Capital, Y Combinator, and angel investors. Coupled with the $2.5 million seed round it raised last year, Alaan has now received a total of $7 million in funding to date.

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UAE-based Alaan, a spend management platform for Middle Eastern businesses, has raised $4.5M in Pre-Series A funding for expansion across the GCC.

A healthy entrepreneurship ecosystem is good for economies. And massive funding for regional players, driven by business-friendly government initiatives, sends a signal that the good times are just getting started. But while the region has become an undeniable epicentre for global entrepreneurship, success does not come with a guarantee. For every Careem, Washmen and RemotePass, there are hundreds of promising prospects that none of us have ever heard of because they failed to go the distance.