Wamda

Regional

MENA startups raise $83 million in August 2024, a 76% MoM decline

As summer cools off, so too has the startup scene in the Middle East and North Africa (MENA). The amount invested in startups in August...

Investment

Tunisia

Tunisia’s Wattnow closes multi-million dollar funding round

Tunisia-based cleantech Wattnow has closed a multi-million dollar funding round, led by Lateral Frontiers and 216 Capital. The round...

Wattnow Lateral Frontiers 216 Capital

Saudi Arabia

Reachware secures $3 million Seed led by Sadu Capital

Saudi Arabia-based SaaS provider Reachware has raised $3 million in Seed funding, led by Sadu Capital, with participation from 500...

Reachware Sadu Capital SAAS

Saudi Arabia

Saudi Syarah closes $60 million in a Series C round

Saudi Arabia-based autotech Syarah has raised $60 million in a Series C round, led by Artal Capital, with participation from Elm,...

Syarah autotech Artal Capital

Saudi Arabia

Saudi fintech Malaa secures $17.3 million Series A

Saudi Arabia-based fintech Malaa has closed a Series A funding round at $17.3 million, led by SNB Capital, with participation from...

Malaa Fintech SNB Capital

U.A.E

Cercli raises $4 million Seed to cement growth plans

UAE-based HRtech Cercli has raised $4 million in a Seed round, led by Afore Capital. The round saw participation from COTU Ventures, Y...

Cercli HRtech Afore Capital

U.A.E

Ziina pockets $22 million in Series A round

UAE-based fintech Ziina has raised $22 million in a Series A funding round, led by US-based Altos Ventures, along with other investors...

Ziina Fintech Altos Ventures

Saudi Arabia

Thakaa Med secures Seed round through Falak Angels

Saudi Arabia-based healthtech Thakaa Med has secured a Seed round investment through Falak Angels syndicate. Founded in 2022 by...

Thakaa Med Falak Angels

U.A.E

Arzan VC funds Hulexo's Seed round

UAE-based ERP provider Hulexo has raised an undisclosed Seed investment round from Arzan VC. Founded in 2021 by Huzaifa Hameed,...

Hulexo Arzan VC

U.A.E

Verofax secures $3 million in bridge round

UAE-based Web3 services provider Verofax has raised $3 million in bridge round, led by King Abdullah University for Science and...

Verofax Web3

U.A.E

myco concludes first close of Series A round at $10 million

UAE-based Web3 streaming platform myco has completed the first closing of its Series A funding of $10 million at a post-money valuation...

myco Web3

Regional

Gulf investors launch $200 million Waad Investment firm to support regional startups

A coalition of investors and GCC-based family offices have launched “Waad Investment," an investment firm with a...

Waad Investment

Bahrain

Tenmou invests in Bahrain’s Tajweed, Travilege

Bahrain-based Tenmou angel investment company has invested in two Baharini startups, Tajweed and Travilege. Founded in 2021 by...

Tenmou Tajweed Travilege

U.A.E

Powder Beauty raises undisclosed pre-Series A round

UAE-based e-commerce platform Powder Beauty has closed its pre-Series A funding round at an undisclosed value, led by Sophia Collective...

Powder Beauty E-commerce Beauty and Wellness

Egypt

KBW Ventures debuts in Egypt by investing in NoorNation

Egypt-based climatetech NoorNation has received an undisclosed investment from KBW Ventures, founded by Saudi Prince Khaled bin...

NoorNation KBW Ventures Khaled bin Alwaleed

Pakistan

Pakistan’s PostEx to expand into GCC after securing $7.3 million pre-Series A

Pakistan-based fintech PostEx has raised a $7.3 million pre-Series A funding round, led by Conjunction Capital, along with Dash...

PostEx Sanabil500

U.A.E

Blockchain Centre, Gate Ventures launch $100 million fund to drive Web 3 innovation

Singapore-based Gate Ventures, the VC arm of Gate.io, and the Blockchain Centre in Abu Dhabi have launched a $100 million fund to drive...

Gate Ventures Blockchain Centre Falcon Gate Ventures

Saudi Arabia

Asas closes $320,000 pre-Seed to propel Resquad AI platform development

Saudi Arabia-based IT services provider Asas Specialised Information Technology has raised $320,000 pre-Seed investment for its flagship...

Asas Specialised Information Technology Resquad AI

Saudi Arabia

Resal garners $9 million investment to accelerate growth within the Kingdom

Saudi Arabia-based e-gifting platform Resal has closed a $9 million Series A round. The round was backed by Derayah Ventures Fund,...

Resal Derayah Ventures Fund

Saudi Arabia

Saudi foodtech Yalla Plus closes $2.7 million Seed round

Saudi Arabia-based foodtech Yalla Plus has closed a Seed investment round of $2.7 million, led by Merak Capital, with participation from...

Yalla Plus foodtech Merak Capital

Saudi Arabia

Mithu secures $500,000 pre-Seed from Adaverse

Saudi Arabia-based loyalty platform aggregator Mithu has raised a $500,000 pre-seed round backed by the Web3 venture builder...

Mithu Adaverse

U.A.E

Yuze secures $30 million investment to fuel regional expansion

UAE-based fintech Yuze has raised $30 million in investment led by Osten Investments. Founded in 2022 by Rabih Sfeir, Yuze...

Yuze Fintech Osten Investments

Kuwait

Kuwait’s Kem secures $3 million investment from Tether

Kuwait-based fintech Kem has raised a $3 million investment from Tether, bringing the total investment Kem raised to date to $4.5...

Kem Fintech Tether

U.A.E

MealPlanet raises $6 million Seed led by MEVP

UAE-based foodtech MealPlanet has secured $6 million in a Seed round, led by regional Middle East Venture Partners (MEVP), AlTouq Group,...

MealPlanet MEVP foodtech

Thought Leadership

All the information you need to navigate Mena's startup ecosystem

Thank you