Wamda

Saudi Arabia

Raed Ventures announces Wael Nafee as new partner

Saudi Arabia-based VC firm Raed Ventures has named Wael Nafee as a new partner in its fund. Wael joins Raed after having served Careem...

Raed Ventures Wael Nafee

Egypt

US-based TachyHealth raises seven-figure Seed from regional investors

Jordan's Propeller Inc, the Oman Technology Fund- Wadi (OTF Wadi), Jordinvest, and an insurance company out of Saudi Arabia have...

TachyHealth healthtech

Saudi Arabia

Saee plans IPO on Nomu

Saudi Arabia-based last-mile delivery startup Saee is planning to offer an initial public offering (IPO) next year on Nomu, Saudi...

Saee Last-mile delivery Nmou

Saudi Arabia

The slow rise of deeptech in Saudi Arabia

As the Saudi startup scene continues to set records, business models around advanced technologies or deeptech, are beginning to take...

deeptech

Saudi Arabia

Express Wash, Dealcom raise funding via Scopeer

Saudi Arabia-based on-demand auto wash services provider Express Wash, and B2B procurement-to-pay (P2P) and marketplace Dealcom have raised...

b2b Dealcom Scopeer

Saudi Arabia

Glance Care raises seven-figure Seed round

Saudi-based Healthtech and digital consultation platform Glance Care has raised an undisclosed seven-figure Seed round led by the...

Glance Care

Saudi Arabia

Uber, Careem face $100 million tax bill in KSA

Uber and its Dubai-based subsidiary Careem are facing a combined tax bill worth $100 million imposed by the Saudi authorities according...

Uber careem Fetcher

Saudi Arabia

Saudi Arabia telehealth Cura closes $4 million Series A

Saudi Arabia-based telehealth startup Cura has closed SAR15 million ($4 million) Series A investment from ELM and Wa'ed (the...

Cura Wa'ed ELM

Saudi Arabia

Khwarizmi Ventures announces first close of sector-agnostic fund

Saudi Arabia-based venture capital fund, Khwarizmi Ventures, has announced the first closing of its fund at $63 million. The VC,...

Khwarizmi Ventures

Saudi Arabia

UAE-based cloud kitchen kaykroo expands operations into Saudi Arabia

UAE-based cloud kitchen kaykroo has expanded its services to Riyadh in Saudi Arabia. Launched in September 2020 by Jihad El-Eit and...

kaykroo foodtech cloud kitchen

Saudi Arabia

Saudi Arabia’s OTO raises $3 million Seed funding

Saudi Arabia-based SaaS startup OTO has raised a $3 million Seed round from MEVP & Derayah Capital. Founded in 2019 by...

OTO SAAS Shipping

Saudi Arabia

Foodtech Siwar raises $7.5 million Series A round led by Seera Group

Saudi Arabia-based food tech startup Siwar has raised SR28 million ($7.45 million) in a Series A round, led by travel and tourism...

Siwar Seera group

Saudi Arabia

Saudi fitness app Rumbl raises $1.07 million Seed funding

Saudi Arabia-based health and fitness startup Rumbl has raised $1.07 million (SAR4 million) in a Seed funding round led by...

Rumbl fitness Health

Saudi Arabia

Mohtwize receives $507,000 capital investment from Wa’ed

Riyadh-based podcast platform Mohtwize has received $507,000 (SAR1.9 million) venture capital investment from Wa'ed, the...

Mohtwize podcast

Saudi Arabia

Wa’ed pledges $5.9 million to support Saudi entrepreneurs in Yanbu roadshow

Wa’ed, the entrepreneurship arm of Saudi Arabia’s Aramco, has doubled down its financial support to Saudi-based startups,...

Aramco Wa'ed entreprenership

Saudi Arabia

Saudi fintech CashIn secures $1.6 million Seed round

Saudi Arabia-based fintech CashIn has secured $1.6 million in a Seed round led by Investor Mine with the participation from BIM V...

Fintech CashIn BIM Ventures

Saudi Arabia

Saudi's Unifonic raises $125 million Series B from Softbank and Sanabil

Saudi Arabia-based engagement platform Unifonic has raised a $125 million Series B round led by Softbank Vision Fund 2 and...

Unifonic Softbank

Saudi Arabia

Water solutions app Moya secures $2 million Seed round

Saudi Arabia-based water solution hub Moya App has secured $2 million in a Seed funding round from MLM Investment company. Launched...

Moya App Drinking Solutions

Saudi Arabia

TruKKer acquires Pakistan’s freight startup TruckSher

Saudi Arabia-based freight network TruKKer has acquired Pakistani startup TruckSher for an undisclosed amount. Founded in 2016 by...

Trukker TruckSher

Saudi Arabia

Saudi edtech Scalers raises $533,000 in Seed round

Saudi Arabia-based e-learning platform Scalers has raised $533,000 in a Seed round led by angel investors from both the recruitment and...

Scalers EdTech

Saudi Arabia

Wa’ed announces $2.7 million budget to support Saudi entrepreneurs during Jubail roadshow

Wa’ed, the entrepreneurship arm of Saudi Arabia’s Aramco, has set aside SAR10.2 million ($2.72 million) in Seed grants and...

Wa'ed Aramco

Saudi Arabia

Expanding to Saudi: A path paved with gold?

Saudi Arabia cemented its desire to become the regional destination for the digital sector after announcing its $1.2 billion Launch...

Expansion

Egypt

DIGGIPACKS acquires Egypt's FWRUN

Saudi Arabia-based last-mile delivery and logistics services provider DIGGIPACKS, has acquired Egypt-based e-commerce solutions provider...

DIGGIPACKS ecommerce enablement Logistics

Saudi Arabia

Syarah raises $20 million in Series B round

Saudi Arabia-based car marketplace Syarah has secured $20 million in a Series B round co-led by Impact46 and Elm company, with...

Syarah cars

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