U.A.E UAE’s metaverse startup Nümi raises $20 million from Venom Ventures Fund UAE-based metaverse startup Nümi has raised $20 million from Venom Ventures Fund (VVF), a newly launched $1 billion VC fund born... Dunya Hassanein • 12 January, 2023 metaverse Venom Foundation
U.A.E UAE’s social investing platform InvestSky launches after raising $3.4 million UAE-based social investing platform InvestSky has announced its launch after securing a $3.4 million pre-Seed round led by Emkan... News • 11 January, 2023 InvestSky
U.A.E UAE social app ASKWHO raises $1 million UAE-based social app ASKWHO has raised $1 million in funding, $515,000 of which was raised in a crowdfunding campaign which brought in... News • 09 January, 2023 ASKWHO Social App
U.A.E UAE foodtech Nourish raises $400,000 investment UAE-based inflight meal booking platform Nourish, has raised a $400,000 investment round, led by investors from the US, Jordan, Saudi... News • 02 January, 2023 Nourish foodtech f&b
U.A.E The edtech startup enabling teachers to teach Changing education is an incredibly difficult process. Upgrading curricula or changing teaching methods requires the convincing of parents,... Nesma Abdel Azim • 26 December, 2022 oktopi EdTech
U.A.E Bayzat raises $25 million Series C round UAE-based HR technology startup Bayzat, has raised a $25 million Series C round led by DisruptAD alongside Ischyros New York, bringing... News • 23 December, 2022 Bayzat
Egypt Fintech Galaxy acquires Egypt’s open banking platform Underlie UAE-based open finance platform Fintech Galaxy has acquired Underlie, an Egypt-based open banking platform offering application... News • 22 December, 2022 Underline Fintech Galaxy
U.A.E The venture builder helping female-led agritechs scale beyond the desert The female share in the agricultural workforce in the Middle East and North Africa (Mena) hovers around 30 per cent, making the sector one... Dunya Hassanein • 22 December, 2022 agritech Dana Global
U.A.E Gargash Group invests in Germany’s Blacklane UAE-based Gargash Group has participated in the Series F round of the German chauffeur services provider “Blacklane”, along... News • 21 December, 2022 Gargash Group Blacklane automotive
U.A.E LumiShare raises $3.2 million Seed round UAE-based blockchain digital asset management LumiShare, has raised a $3.2 million Seed round led by Sheikh Mohamed Bin Ahmed Bin Hamdan... News • 21 December, 2022 LumiShare Blockchain
Oman Carzaty: The realistic exit The used car market is worth over $16 billion in the GCC alone, but it is a highly fragmented sector, with mostly small resellers and... Triska Hamid • 19 December, 2022 Carzaty Oman marketplace
U.A.E Sharjah launches media-focused venture builder “Shams Valley” Sharjah Media City (Shams), in collaboration with Grow Valley, has announced the launch of Shams Valley, a venture-builder studio that... News • 18 December, 2022 Sharjah Media City SHAMS
U.A.E The Dubai Future District Fund launches venture fellowship programme for Emiratis The Dubai Future District Fund (DFDF) has launched a venture capital-focused fellowship programme, designed to equip Emirati... News • 14 December, 2022 Dubai Future District Fund
U.A.E Morningstar Ventures invests $5 million in digital art gallery UAE-based VC firm Morningstar Ventures, has invested $5 million in 37xDubai, an interactive and immersive digital art gallery to be open... News • 13 December, 2022 Morningstar Ventures NFT 37xDubai
U.A.E Letswork raises $2.1 million Seed, expands to Saudi Arabia Dubai-based marketplace for shared spaces Letswork has raised a $2.1 million Seed round, announcing the expansion of its operations to... News • 13 December, 2022 Letswork
U.A.E Secret Skin raises $765,000 pre-Seed UAE-based skincare sustainable beauty platform Secret Skin, has raised $765,000 in a pre-Seed funding round, led by angel investors,... Nesma Abdel Azim • 12 December, 2022 Secret Skin Beauty skin care
U.A.E Moove raises $30 million from debut sukuk for UAE expansion Nigeria-based mobility fintech and Moove is raising $30 million through its first Sukuk issuance arranged by Franklin Templeton... News • 12 December, 2022 Moove Nigeria Mobility Fintech
Global KBW Ventures co-leads $12.3 million Series A round in US-based Black Sheep Foods UAE-based KBW Ventures, founded by HRH Prince Khaled bin Alwaleed bin Talal Al Saud, has co-led a $12.3 million Series A round for... News • 09 December, 2022 KBW Ventures
U.A.E Modus leads Koble’s $1.2 million pre-Seed round UAE-based VC Modus, has led the $1.2 million pre-Seed funding round for UK-based investment firm Koble alongside Belgium-based VC... News • 08 December, 2022 Koble Modus Venture Capital
U.A.E UAE’s Cavendish Maxwell to acquire majority stake in Property Monitor UAE-based real estate advisory Cavendish Maxwell, has acquired a majority stake in proptech company Property Monitor for an unknown... News • 06 December, 2022 Cavendish Maxwell Property Monitor Proptech
U.A.E Kitopi sacks 93 employees as diners head back to restaurants Dubai-based cloud kitchen operator Kitopi, has laid off 10 per cent of its head officd workforce, amounting to 93 employees, according... News • 29 November, 2022 Kitopi
U.A.E Fenix Games raises $150 million investment UAE-based gaming platform Fenix Games, has raised $150 million in investment, led by Phoenix Group and Cypher Capital. Founded in 2022... News • 28 November, 2022 Fenix Games Gaming
U.A.E More layoffs at SWVL as company risks delisting from NASDAQ Mirroring its global peers, Egypt-born and UAE-based mass mobility startup SWVL is bracing itself for drastic monetary belt-tightening... Dunya Hassanein • 24 November, 2022 Swvl mobility
U.A.E UAE fintech Qashio raises $10 million Seed to accelerate KSA expansion UAE-based fintech Qashio, has raised $10 million in a Seed round through a mix of equity and no equity financing. Investors in... News • 22 November, 2022 Qashio