Wamda

U.A.E

UAE fintech Kema raises $2 million pre-Seed

UAE-based fintech Kema has raised a $2 million pre-Seed round, led by Speedinvest with participation from the Dubai Future District Fund...

Kema Fintech

Jordan

ISSF pledges $5 million for MSA Novo's Mena fund

Jordan-based Innovative Startups and SMEs Fund (ISSF) has invested $5 million in the Mena-focused fund, MSA Novo. Founded in...

MSA Novo ISSF

Iraq

Iraqi fintech Wayl raises $150,000 pre-Seed round

Iraq-based fintech Wayl, has secured $150,000 in pre-Seed funding from EQIQ Ventures. Founded in 2021 by Ali Ismail, Wayl serves as a...

Wayl Fintech EQIQ Ventures

Regional

Mena startups raised $86.5 million in January 2024

This year has kicked off with a relatively modest funding raise of $86.5 million across 33 deals, a 34 per cent decrease year on year....

Investment

U.A.E

Dubbing platform CAMB.AI raises $4 million seed

UAE-based AI dubbing startup CAMB.AI has raised $4 million in a Seed funding round led by Courtside Ventures, along with TRTL Ventures,...

CAMB.AI AI Dubbing

Kuwait

Kuwait’s Bookr raises Bridge round from Plus VC

Kuwait-based SaaS-enabled marketplace for beauty services, Bookr, has raised a bridge round at an undisclosed amount from Plus...

Bookr Beauty marketplace

U.A.E

The Digital Hotelier closes $1 million Seed round

UAE-based traveltech The Digital Hotelier, has closed a Seed round of $1 million from the Silicon Valley-based VC firm Plug and Play,...

Hope Ventures Beban the Digital Hotelier

Egypt

Bosta raises additional investment from Avanz Capital

Egypt-based logistics startup Bosta, has raised an undisclosed amount in investment led by Avanz Capital Egypt (ACE). Founded in 2017...

Bosta Avanz Capital logistic

Egypt

Egypt’s Roboost raises $3 million investment

Egypt-based logistics startup Roboost, has closed a $3 million investment round, led by Silicon Badia, with contributions from RZM...

Roboost Logistics silicon badia

Saudi Arabia

P2P car rental platform Ejaro raises $3.28 million pre-Series A round

Saudi Arabia-based P2P car rental platform Ejaro, has raised $3.28 million in a pre-Series A investment round, led by cooperative and...

Ejaro p2p car rental

Saudi Arabia

Saudi proptech Rize raises $2.9 million Seed round

Saudi Arabia-based proptech Rize, has raised a $2.9 million Seed round from Seedra Ventures, Hala Ventures, JOA Capital, RZM...

Rize Proptech Seedra Ventures

Regional

Saudi edtech iStoria closes Seed round at $1.3 million

Saudi Arabia-based edtech iStoria, has raised $1.3 million in a Seed round from Nama Ventures, Classera, Flat6Labs, BIM Ventures, and...

iStoria Nama Ventures Classera

Egypt

DXwand secures $4 million Series A to fuel regional expansion

Middle East-based AI startup DXwand has closed a Series A funding round of $4 million, led by Shorooq Partners, Algebra Ventures, and...

DXwand Shorooq Partners Algebra Ventures

Bahrain

Omani contech Innotech wins $500,000 during Beban TV show

Oman-based contech Innotech, has raised $500,000 in investment from Hope Ventures, alongside private sector investors Mrs. Areej Mohsen...

Beban Hope Ventures innotech

U.A.E

UAE’s Cypher Capital co-leads $2.4 million investment in bitsCrunch

UAE-based crypto investment firm Cypher Capital, has co-led a $2.4 million investment round in German blockchain company...

Cypher Capital bitsCrunch

Morocco

Morocco’s Crealo raises $1.42 million Seed round

Morocco-based copyright-management platform Crealo, has raised $1.42 million in Seed funding from the 212Founders programme operating...

Crealo 212Founders programme

Qatar

Qatari fintech Karty raises $2 million Seed round

Qatar-based fintech KARTY, has raised a Seed funding round of $2 million from local investors. Founded in 2021 by Mohammed Suleiman...

Karty Fintech e-wallet

U.A.E

Crysp Farms secures $2.25 million pre-Series A round

UAE-based agritech Crysp Farms, has secured a $2.25 million pre-Series A round, led by Gate Capital with participation from other...

Crysp Farms Gate Capital agritech

Egypt

Egyptian edtech Edura secures pre-Seed round

Egypt-based edtech Edura, has completed an undisclosed pre-Seed funding round led by Smart Zone Startups Studio and angel...

Edura EdTech Smart Zone Startups Studio

U.A.E

Akkrue Capital secures Seed round led by DHF

UAE-based asset management platform Akkrue Capital, has raised an undisclosed Seed funding round led by DHF Capital S.A. Founded by...

Akkrue Capital DHF Capital

Saudi Arabia

Takadao raises new investment from Adaverse

Saudi Arabia-based fintech Takadao has raised an undisclosed investment from Adaverse. Founded in 2022 by Sharene Lee and Morrad...

Adaverse Takadao Fintech

Regional

What are the startup investment trends in Mena?

Dr Jelena Janjusevic is associate professor at the School of Social Sciences at Heriot-Watt University Dubai The Middle East and North...

Investment

Egypt

Egyptian beauty startup Mira raises $200,000

Cairo-based direct-to-consumer (D2C) beauty and wellness startup, Mira, has raised $200,000 from Wingoo Investment and...

Mira

U.A.E

UAE’s G42 pledges new investment in newly-born AI startup Analog

UAE-based AI and cloud computing giant G42, has allocated an undisclosed investment in the Abu Dhabi-headquartered AI company...

Analog G42 AI

Thought Leadership

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