Wamda

Egypt

Egypt’s Hollydesk raises $325,000 pre-Seed round

Cairo-based fintech Hollydesk has closed a $325,000 pre-Seed investment round from angel investor Faisal Abdel Salam and other...

Hollydesk fin-tech

U.A.E

UAE fintech LNDDO raises $3 million Seed round

UAE-based B2B fintech LNDDO has raised a $3 million Seed round backed by a network of investors led by H.H Sheikh Tahnoon Bin Shakhboot...

LNDDO Fintech

Regional

VentureSouq launches $50 million fund

GCC-based VC firm VentureSouq has launched the $50 million Mena FinTech Fund I, aiming to invest in early-stage fintech and SaaS...

VentureSouq Fintech

U.A.E

UAE-based neighbourhood app Hayi raises $325,000 Seed round

UAE-based “neighbourhood app” Hayi, has raised a $325,000 Seed round, led by Sarya Holdings and Falak Startups, with...

Hayi community app

Saudi Arabia

Saudi NFT platform Nuqtah closes pre-Seed

Saudi Arabia-based NFT marketplace Nuqtah has closed its pre-Seed round led by Shorooq Partners and joined by strategic angel investors....

Nuqtah NFT

U.A.E

Cryptocurrency trading platform HAYVN closes Series A round

Abu Dhabi-based digital currency trading platform HAYVN has closed its Series A funding round for an undisclosed amount, led by Red Acre...

HAYVN cryptocurrency

U.A.E

Dubai-based HyperSpace raises $11 million Seed round

Dubai-based blockchain-enabled extended reality startup HyperSpace has raised $11 million in equity and development Seed funding, led by...

HyperSpace Blockchain

U.A.E

Foodlink raises $8 million in Series B funding round

UAE and India-based foodtech startup Foodlink, has raised $8 million in its Series B funding round, led by Arpit Khandelwal, the...

Foodlink foodtech

U.A.E

Etisalat acquires UAE-based elgrocer

Telecoms operator Etisalat has fully acquired UAE-based elgrocer, an e-grocery startup for an undisclosed sum. Founded in 2015 by...

elGrocer etisalat e-grocery

U.A.E

Kitopi invests in five virtual restaurant groups in GCC

UAE-based cloud kitchen Kitopi, has invested an undisclosed sum in several regional virtual restaurant groups, including Cloud...

Kitopi cloud kitchen Leap Nation

U.A.E

UAE’s Swvl expands into Latin America by acquiring Argentina's Viapool

UAE-based Swvl has entered the Latin American mobility market by acquiring a controlling stake in Argentina's Viapool for...

Swvl Latin America

Egypt

Egypt's Educatly raises $1 million pre-Seed round

Egypt-based edtech Educatly has raised a $1 million pre-Seed round from Falak Startups, Enterprise Island along with a group of...

Educatly EdTech Falak Startups

Saudi Arabia

BLOMINVEST partners with Flat6Labs to fund Saudi startups

Saudi Arabia-based asset manager BLOMINVEST has partnered with Egypt’s Flat6Labs to launch a fund targeting early-stage startups...

BLOMINVEST Flat6Labs

Saudi Arabia

Rasan raises $24 million for its Tameeni insurance platform

Saudi Arabia-based insurtech startup Rasan has raised SAR 90 million ($24 million) for its Tameeni platform in a round led by Impact46,...

Rasan Insurtech Fintech

U.A.E

Nomod raises $3.4 million seed round at $50m valuation to accelerate growth

UAE-based fintech Nomod, has raised a $3.4 million Seed round with participation from Y Combinator, Global Founders Capital Kingsway...

Nomod YCombinator

U.A.E

Dubai-based Zofeur raises $500,000 Seed round

Dubai-based ride-hailing startup Zofeur has announced it raised a $500,000 Seed funding round in May 2021, led by angel...

Zofeur Transportation Dubai

U.A.E

Dubai launches Dh1 billion Future District Fund

Dubai has launched a Dh1 billion ($272 million) Dubai Future District Fund to support Seed to growth-stage tech startups and encourage...

Dubai Future District Fund

U.A.E

Tarjama raises investment from Amethis to fuel global expansion

Amethis, an investment fund focused on Africa and Mena has acquired a minority stake in UAE-based Tarjama. Founded in...

Tarjama Amethis

U.A.E

SDF to pour $150 million into local, international VC investments

The UAE’s Strategic Development Fund (SDF), the investment arm of Tawazun Holding, has allocated $150 million (DH551.2 million) to...

Strategic Development Fund SDF Tawazun

Egypt

Fintech KIWE closes first financing round led by dfin Holding

Egypt-based fintech KIWE has raised its first investment round, led by dfin Holding with participation from EFG Hermes, Marakez for...

Fintech money transfer

Jordan

Jordan’s Abwaab raises $20 million Series A round

Jordan-based e-learning platform Abwaab has raised $20 million in a Series A funding round, led by existing investor BECO Capital (UAE)...

abwaab EdTech BECO Capital

Egypt

EdVentures invests $200,000 in Career 180 platform

Cairo-based edtech platform Career 180 has raised $200,000 from EdVentures. Founded in 2016 by Mohamed Akmal and Shorouk Alaa Eldin,...

EdVentures Career 180

Egypt

Egypt's edtech Tyro acquires Nafham

Egypt-based online tutoring platform Tyro has acquired Nafham, an edtech startup focused on school curricula of Egypt, KSA, and...

nafham EdTech

U.A.E

Wamda participates in Verity's $800,000 pre-Seed round

UAE-based financial literacy startup Verity, has closed a $800,000 pre-Seed round, backed by regional venture capital firms,...

Verity Fintech financial literacy

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