Wamda

Egypt

Egypt-based fintech Zeal raises $4 million

Zeal, an Egypt-based fintech and customer loyalty app, has closed a $4 million funding round led by Raed Ventures and Cur8 Capital,...

Zeal

Egypt

Egypt’s FriendyM raises $2 million investment

Egypt-based autotech FriendyM, has $2 million investment. Founded in 2016 by Abdelrahman Elgamal, FriendyM offers, through its...

FriendyM autotech

Saudi Arabia

Gaming platform Rize.gg raises $430,000 pre-Seed round

Saudi Arabia-based e-gaming startup Rize.gg has raised a $430,000 pre-Seed funding round, led by angel investors. Founded in 2022 by...

Rize.gg E-gaming

U.A.E

Cargoz raises Seed funding to accelerate expansion into Saudi market

UAE-based logistics solutions provider Cargoz, has secured Seed funding for an unknown amount, led by Nama Ventures with the...

Cargoz Nama Ventures Logistics

Iraq

E-commerce startup Pure Platform secures operational licence deal in Iraq

Pure Platform, a US and Iraq-headquartered e-commerce company, has secured a seven-figure investment deal from the International Smart...

Pure Platform

Iraq

B2B travel content platform Lokalee raises $5.6 million pre-Series A round

Dubai-based traveltech startup Lokalee has raised a $5.6 million pre-Series A round led by Crown Private Fund with participation from...

Lokalee

U.A.E

Maalexi raises $3 million in pre-Series A led by Global Ventures

UAE-based agriculture-focused fintech Maalexi, has closed $3 million in pre-Series A funding. The round was led by Global Ventures,...

Maalexi Global Ventures Agriculture

Saudi Arabia

Saudi Arabia’s Nawel closes $1 million Seed round

Saudi Arabia-based logistics solutions provider Nawel has closed a Seed round of $1 million, led by Nomad Holdings, with participation...

Nawel Nomad Holdings Logistics

Regional

Startup funding in 2023 slows down in majority of Mena markets

Startup funding in the Middle East and North Africa (Mena) saw a decline in all but three countries. While the overall amount raised grew...

Investment

Regional

Debt financing pushes December 2023 investment to $1.15 billion

Sixty startups across the Middle East and North Africa region (Mena) raised a mammoth $1.15 billion, the highest amount recorded for the...

Investment

Saudi Arabia

Tameed closes $15 million Series A from Alromaih Investments

Saudi Arabia-based fintech Tameed has raised $15 million in a Series A round, led by Alromaih Investments. Founded in 2019 by Mohammed...

Tameed Fintech

U.A.E

Phoenix acquires 25 per cent stake in Lyvely

UAE-based cryptocurrency mining and blockchain company Phoenix Group PLC has acquired a 25 per cent stake in the social networking and...

Phoenix Group Lyvely

Lebanon

Jedo acquires Jump-in App to penetrate Saudi market

Lebanon-founded and Netherlands-based travel app Jedo has acquired the Saudi app Jump-in for an unknown amount. Founded in 2022 by...

Jedo Jump-in App Tourism

Global

Aramco’s Prosperity7 Ventures leads China’s Cispoly $14 million Series B round

Prosperity7 Ventures, a $1 billion growth-stage fund of Saudi energy and petrochemical enterprise Aramco, has led a $14 million series B...

Aramco

U.A.E

Micropolis Robotics to file for IPO, plans a $37 million fundraise

Dubai-based robotics manufacturer Micropolis Robotics announced plans to file for an initial public offering on the New York Stock...

Micropolis Robotics

Saudi Arabia

Riyadh Valley Company invests in IMPACT46 Fund III

Saudi Arabia’s Riyadh Valley Company, the investment arm of King Saud University, has pledged an undisclosed investment in...

Impact46 Riyadh Valley Company IMPACT46 Fund III

Egypt

T-Vencubator launches in Egypt to invest in local startups

T-Vencubator, a VC-incubator fund, has launched in Egypt to invest in and support the growth of local startups. The fund’s first...

T-Vencubator

U.A.E

UAE’s Zeroe raises $2.2 million Seed round

UAE-based cleantech Zeroe, has raised $2.2 million in a Seed round led by Indonesian investor Owen Rahadiyan. Founded in early 2023 by...

Zeroe Cleantech Decarbonisation

Saudi Arabia

Tabby announces pre-IPO $700 million debt facility from J.P. Morgan

UAE-founded and Saudi Arabia-headquartered fintech Tabby has secured a $700 million debt financing round from J.P. Morgan, ahead of its...

Tabby

Saudi Arabia

Soum raises $18 million Series A round led by Jahez

Saudi Arabia-based re-commerce marketplace Soum, has raised $18 million in Series A funding in a round led by Jahez, with...

Recommerce re-commerce Soum

Saudi Arabia

Saudi fintech Hakbah raises $5.1 million Series A

Saudi Arabia-based fintech Hakbah, has raised $5.1 million in Series A funding, bringing the company’s funding raised to date to...

Hakbah VentureSouq Fintech

Saudi Arabia

Saudi fintech Spare raises $3 million to fuel expansion

Saudi Arabia-based fintech startup Spare has raised a $3 million round led by Vision Ventures with participation from Wa'ed...

spare Fintech Open banking

Saudi Arabia

Saudi Arabia’s Velents raises Seed round

Saudi Arabia-based HRtech Velents, has closed a Seed round for an undisclosed amount, led by A15 with participation from Nibras Capital,...

Velents HRtech A15

Saudi Arabia

Jada Fund of Funds invests in Iliad Partners Tech Ventures Fund I

Jada Fund of Funds, a subsidiary of Saudi Arabia's Public Investment Fund (PIF), has invested in Iliad Partners Tech Ventures Fund...

Jada Fund of Funds

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