U.A.E UAE’s logistics startup Shorages raises $700,000 Seed funding UAE-based logistics startup Shorages has raised a Seed round of $700,000. Founded in 2019 by Rayan Osseiran, Shorages provides... News • 13 January, 2022 Shorages E-commerce Logistics
U.A.E Proptech Huspy acquires UAE-based Home Matters UAE-based proptech Huspy has acquired Home Matters, a mortgage consultancy for the UAE and UK markets. The combined... News • 13 January, 2022 Proptech huspy
U.A.E Travel brand as a service platform Dharma launches after raising $3.5 million UAE-based travel brand as a service startup Dharma has raised $3.5 million led by Convivialite Ventures with additional backing from... News • 12 January, 2022 Dharma
U.A.E Fifteen startups graduate from Microsoft’s GrowthX Accelerator programme Fifteen startups have graduated from the first cohort of the GrowthX Accelerator programme backed by Microsoft, in partnership with the... News • 12 January, 2022 GrowthX Accelerator microsoft ADIO
U.A.E Startups and SMEs can only grow with access to funding Ahmed Mohamed Al Naqbi is the chief executive officer of Emirates Development Bank The UAE government is steadfast in its commitment... Thought Leadership • 12 January, 2022 funding gap
U.A.E Gaming platform Zone raises $2.35 million UAE-based gaming and decentralised finance (gamefi) ecosystem Zone, has raised $2.35 million, from DAO Maker, GSR, Altonomy,... News • 11 January, 2022 Zone GameFi
U.A.E Fitness app Fit On Click raises $1.5 million pre-Series A round UAE-based fitness startup Fit On Click has closed a $1.5 million pre-Series A funding round led by Arrow Capital. Founded in 2017, by... News • 11 January, 2022 Fit On Click ARROW CAPITAL
U.A.E Verofax raises $1.5 million in pre-Series A round UAE-based blockchain provider Verofax Limited has raised $1.5 million in its pre-Series A round, led by Benson Oak Ventures, with 500... News • 04 January, 2022 Verofax Blockchain
U.A.E Nice to Meet You raises $1 million Seed UAE-based digital authentication startup Nice to Meet You (NTMY), has raised a $1 million Seed round to hire new talent and... Dunya Hassanein • 27 December, 2021 Nice to Meet You Digital authentication startups
U.A.E Digital bank Zand set to launch after Dubai Bank acquisition The shareholders of Zand, a digital bank that caters to retail and corporate clients, have acquired a majority stake in Dubai Bank... News • 23 December, 2021 neobanks Zand
U.A.E CARS24 raises $300 million Series G round led by Alpha Wave Abu Dhabi's Alpha Wave has led a $300 million Series G round for India's used cars marketplace CARS24. The round also saw... News • 20 December, 2021 CARS24 Alpha Wave
U.A.E SimpliFi raises $5.1 million in funding to enhance its technology UAE-based Cards as a Service (CaaS) platform for Mena and Pakistan SimpliFi, has raised $5.1 million in funding, from Global Founders... News • 20 December, 2021 SimpliFi CaaS Ra'ed Ventures
U.A.E Wamda participates in Englease's $3.4 million Seed round Wamda has participated in UAE-based online English teaching platform Englease.com's $3.4 million Seed round, co-led by US-based... News • 19 December, 2021 EdTech Englease
U.A.E Mindshift Capital doubles fund size UAE and US-based venture capital firm Mindshift Capital has doubled its fund size attracting new US and Middle East investors to its... Nesma Abdel Azim • 16 December, 2021 Mindshift Capital
Egypt UAE’s ADQ to invest in Egypt as part of TSFE deal Abu Dhabi’s state-owned holding firm ADQ has expanded its services into Egypt, by opening its Cairo office. The opening of... News • 15 December, 2021 ADQ Sovereign Fund of Egypt TSFE
U.A.E MEVP makes partial exit from UK’s Fresha UAE-based VC MEVP has made a partial exit from its investment in the UK-headquartered beauty app Fresha, with a secondary sale in the... News • 14 December, 2021 MEVP Fresha
U.A.E Chimera Capital closes first VC fund at $75 million UAE-based Chimera Capital Ltd has closed its first venture capital fund at $75 million, backed by Mubadala Investment Company alongside... News • 13 December, 2021 Chimera Capital fund
U.A.E Careem enters quick-commerce space with launch of dark store grocery network Careem is expanding its groceries offering by launching Careem Quik in the UAE, a quick-commerce e-grocery service enabled by a... News • 12 December, 2021 Careeem quick commerce e-grocery
Egypt Minly acquires UAE’s shoutout platform Oulo Egypt-based celebrity shoutout platform Minly has acquired its UAE rival Oulo for an undisclosed amount. Minly’s decision to... News • 08 December, 2021 Minly oulo
U.A.E Childcare marketplace PureBorn raises $2 million Seed round Dubai-based childcare marketplace PureBorn has raised a $2 million Seed funding round. Launched in 2017 by Hannah Curran, PureBorn... News • 08 December, 2021 PureBorn E-commerce
Regional Opontia raises $42 million in Series A UAE-based e-commerce enabler Opontia has raised $42 million in equity and debt in a Series A round led by STV. Opontia, founded by... News • 08 December, 2021 Opontia
U.A.E UAE-based RemotePass raises pre-Series A round UAE-based recruitment platform RemotePass has raised its pre-Series A round, led by BECO Capital with participation from Wamda,... News • 08 December, 2021 RemotePass recruitement
Regional PepsiCo launches Mena edition of Greenhouse accelerator programme PepsiCo has launched the Mena edition of its global greentech accelerator programme in partnership with the UAE Ministry of Climate... News • 07 December, 2021 Pepsico
U.A.E GrubTech raises $13 million Series A round UAE-based foodtech startup GrubTech has raised a $13 million Series A investment led by Addition, alongside BY Ventures and Hambro... News • 07 December, 2021 GrubTech foodtech