Wamda

U.A.E

Careem acquires money transfer technology platform Denarii

UAE-based super app Careem has acquired the assets of Denarii, a Dubai-based money transfer platform. The value of the deal was not...

Careem Pay careem Denarii

U.A.E

Pure Harvest secures $180.5 million from global investors to fund expansion

UAE-based agritech Pure Harvest Smart Farms, has raised $180.5 million in its latest growth funding round. Investors included Metric...

agritech Pure Harvest Smart Farms

Global

KBW Ventures invests in Eclipse’s $40 million Series B round

UAE-based KBW Ventures, founded by HRH Prince Khaled bin Alwaleed bin Talal Al Saud, has invested in US-based dessert brand...

Eclipse

U.A.E

School of Humanity raises Seed round

UAE-based School of Humanity, an online high school, has raised an undisclosed Seed funding round led by Singapore-based educational...

School of Humanity

U.A.E

DIFC launches Open Finance Lab

Dubai International Financial Centre (DIFC) has launched the Open Finance Lab, a six-month programme designed to promote financial...

DIFC

U.A.E

Careem acquires food delivery startup MUNCH:ON

UAE-based super app Careem has acquired food delivery subscription platform MUNCH:ON, as it looks to expand its offerings in the food...

Munch:On careem Food delivery

U.A.E

Vamstar closes $9.5 million Series A round

UAE-based healthtech Vamstar, has closed its $9.5 million Series A funding round, led by Alpha Intelligence Capital (AIC) and Dutch...

Vamstar healthtech Alpha Intelligence Capital

U.A.E

Aldar invests in Taronga Ventures

UAE-based property developer Aldar, has invested in global real estate technology fund Taronga Ventures. Taronga Ventures will...

Aldar Properties properties Taronga Ventures

U.A.E

Huspy raises $37 million Series A led by Sequoia Capital India

UAE-based proptech Huspy, has raised a $37 million Series A funding round led by Sequoia Capital India, with participation from Founders...

Proptech huspy Sequoia Capital

U.A.E

WEMA Health launches after raising $3.5 million Seed round

UAE-based WEMA Health, a newly-launched healthtech startup focused on weight loss and diabetes, has raised a $3.5 million Seed...

WEMA Health Dawn Health healthtech

U.A.E

Cartlow secures $18 million Series A round

UAE-based "reverse logistics" provider Cartlow, has raised an $18 million Series A round, led by Saudi investment firm...

Cartlow AlSulaiman Group Reverse Logistics

U.A.E

SmartCrowd raises $3 million bridge round

UAE-based real estate crowdfunding platform SmartCrowd, has raised a $3 million bridge round led by Mad’a Investment Company, with...

SmartCrowd

U.A.E

KOI Ride raises $3 million investment round

UAE-based B2B ride-hailing services startup KOI Ride has closed a $3 million round with investment from CEG Invest and Taurus Wealth...

KOI Ride ride-hailing

U.A.E

Dukkantek expands to six new markets

UAE-based store management platform Dukkantek, has expanded to six additional markets besides the UAE, including Kuwait, Qatar, Bahrain,...

Dukkantek

Jordan

ADQ and Jordan’s Ministry of Digital Economy and Entrepreneurship launch $100 million tech fund

Abu Dhabi’s ADQ has launched a $100 million tech-focused venture capital fund with the Ministry of Digital Economy and...

investment fund

U.A.E

UAE fintech NymCard raises $22.5 million

UAE-based Banking as-a-Service (BaaS) provider NymCard, has raised $22.5 million in a venture round, led by DisruptAD, Reciprocal...

NymCard DisruptAD Baas

U.A.E

Majid Al Futtaim launches new accelerator to support regional SMEs

UAE-based retail group Majid Al Futtaim and AstroLabs have launched Majid Al Futtaim Launchpad, an accelerator programme that aims to...

Majid Al Futtaim Astrolabs accelerator

U.A.E

Dirwaza Curatorial Lab launches microfund for creative access

UAE-based incubator Dirwaza Curatorial Lab has launched The Dirwaza Microfund for Creative Access targeting creative practitioners in...

Dirwaza Curatorial Lab Microfund

U.A.E

Pure Harvest Smart Farms acquires BayWa's interest in agritech venture

UAE-based agritech Pure Harvest Smart Farms is forming an alliance with Al Dahra Group by acquiring BaWa’s controlling interest...

Pure Harvest Smart Farms agritech acquisition

Egypt

Grubtech expands to Egypt

UAE-headquartered foodtech startup Grubtech, has announced its expansion to Egypt, planning to invest $5 million into operations over...

GrubTech

U.A.E

UAE’s Alpha Waves invests in India’s Cuemath

UAE-based Alpha Wave has invested in Indian edtech Cuemath, as part of its recent fundraising estimate at $57 million, alongside other...

Cuemath Alpha Wave

U.A.E

UAE’s Augustus Media acquires CamPlus Sports

UAE-based Augustus Media has acquired CamPlus Sports, the Dubai-based sports system integrator, that portrays live matches and on-demand...

Augustus Media CamPlus

U.A.E

UAE’s Cypher Capital invests in Spain’s Iomob

Dubai-based blockchain-focused VC firm Cypher Capital, has invested in Spain-based decentralised marketplace, Iomob. Founded in 2018...

Cypher Capital Iomob

Global

SWVL to lay off 32 per cent of its workforce, expects to turn profitable in 2023

Egypt-born and Dubai-headquartered mobility startup SWVL, announced plans to reduce its workforce by 32 per cent. The planned layoffs...

Swvl

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