Wamda

U.A.E

Abu Dhabi’s G42 acquires stake in TikTok owner ByteDance

Abu Dhabi investment firm Group 42 (G42) has acquired a $100 million stake in Chinese internet company ByteDance, owner of the social...

G42 TikTok ByteDance

U.A.E

Credable closes $2.5 million Seed round led by Acasia Ventures

UAE-based fintech Credable has closed a $2.5 million Seed round led by Ventures Platform and Egypt-based VC firm Acasia Ventures...

Credable Acasia Ventures Fintech

U.A.E

almentor raises $10 million pre-series C round led by e& capital

UAE-based edtech almentor, has raised $10 million in a pre-Series C round led by e& capital, alongside existing investors Partech,...

almentor EdTech e& capital

U.A.E

COFE raises $15 million Series B round led by Wa'ed Ventures

UAE-based online coffee marketplace Cofe has raised $15 million in a Series B funding round led by Wa'ed Ventures, with...

COFE Wa'ed Vnetures Coffee

U.A.E

Fashion app Bazaara raises $230,000, eying expansion in KSA

UAE-based fashion e-commerce startup Bazaara, has raised $230,000 in a pre-Seed round, led by Flat6Labs UAE, with participation from...

Bazaara Fashion E-commerce

U.A.E

UAE’s Sav raises $750,000 pre-Seed round

UAE-based fintech startup Sav has raised a $750,000 pre-Seed round led by angel investors. Founded in late 2021, Sav is designed to...

Sav

Saudi Arabia

Saudi healthtech Labayh acquires Nafs app

Saudi Arabia-based mental health app Labayh has acquired UAE’s counterpart, Nafas. Founded in 2018 by Basim Albeladi,...

Labayh Nafs healthtech

U.A.E

nealthy raises $1.3 million pre-Seed round

UAE-based virtual asset management platform nealthy, has raised $1.3 million in pre-Seed funding from undisclosed investors. Founded...

nealthy NFT Cryptocurrencies

Jordan

ISSF invests $5 million in Middle East Venture Fund IV

Innovative Startups and SMEs Fund (ISSF) has invested $5 million in Middle East Venture Fund IV (MEVF IV), a $150 million fund recently...

ISSF MEVP

U.A.E

Kitopi acquires AWJ Investments

UAE-based cloud kitchen operator Kitopi has acquired Dubai-founded food and beverage (F&B) group AWJ. The financial details of the...

Kitopi

U.A.E

Careem suspends operations in Qatar

UAE-based superapp Careem has suspended its operations in Qatar. The Uber-backed app launched its service in Qatar in 2013, a year...

careem

U.A.E

Nadeera raises $200,000 through Beban TV show

UAE-based cleantech Nadeera has received a $200,000 investment from Bahraini VC firm Hope Ventures during an episode of the Beban...

Nadeera Beban Hope Ventures

U.A.E

India’s makeO acquires UAE-based Smileneo

India-based healthtech makeO has acquired UAE-based healthtech Smileneo, for an unknown sum. Founded in 2019 by Jonathan Doerr,...

makeO Smileneo healthtech

U.A.E

8X Ventures to deploy $20 million in Mena cleantech startups

UAE-based VC firm 8X Ventures plans to deploy $20 million in the Mena region's climate tech and cleantech startups. It also plans to...

clean tech 8x Ventures

Global

KBW Ventures invests in Rebellyous Food’s $9.5 million round

UAE-based KBW Ventures, founded by HRH Prince Khaled bin Alwaleed bin Talal Al Saud, has invested in a $9.5 million equity round for...

KBW Ventures

U.A.E

Yanzo integrates its super app with ChatGPT

ChatGPT has not only taken the world by storm, but political leaders too. At the recent World Government Summit held in Dubai, barely one...

yanzo ChatGPT super app

U.A.E

e& acquires UAE-based ServiceMarket

etisalat by e&, has fully acquired UAE-based household marketplace, ServiceMarket. Founded in 2013 by Bana Shomali and Wim...

e& etisalat ServiceMarket

U.A.E

SANTECHTURE raises investment from Shorooq Partners and Gulf Capital

UAE-based healthtech SANTECHTURE has raised investment from Gulf Capital (GC) and Shorooq Partners. The amount raised was not...

SANTECHTURE Shorooq Partners Gulf Capital

U.A.E

Abu Dhabi launches $2 billion Hub71+ Digital Assets to accelerate Web3 startups

Abu Dhabi’s Hub71, has launched Hub71+ Digital Assets, a dedicated Web3 specialist ecosystem, with more than $2 billion of capital...

uae HUB71+ DIGITAL ASSETS FAB

U.A.E

YOUGotAGift raises $3 million from Tenami Capital

UAE-based corporate e-gifting platform YOUGotAGift has raised $3 million from newly launched investment platform Tenami...

yougotagift

U.A.E

EIB backs $150 million Middle East Venture Fund IV

Middle East Venture Partners (MEVP) has secured a $27 million commitment from the European Investment Bank (EIB) for its $150 million...

MEVP

Saudi Arabia

Hala acquires UAE fintech Paymennt.com

Saudi Arabia-based fintech Hala has acquired UAE-based fintech Paymennt.com, previously called PointCheckout, for an unknown...

Hala Paymennt.com M&A

Saudi Arabia

noon acquires Namshi for unknown sum

Saudi Arabia-based e-commerce platform noon.com has completed its acquisition of the UAE-based fashion shopping platform...

noon.com Namshi M&A

U.A.E

Holo secures seven-figure Seed round

UAE-based fintech Holo has announced a seven-figure Seed round, led by Saudi Arabia’s Watheeq Proptech Venture and Hambro Perks...

Holo mortgage Fintech

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