Wamda

Global

Acasia Ventures launches office in Lagos

Egypt’s Acasia Ventures, formerly Cairo Angels, has opened an office in Lagos, Nigera, in an effort to expand the firm’s...

Acasia Ventures

Global

Nama Ventures invests in Nigerian startups, Messenger and Termii

Saudi Arabia-based Nama Ventures led a pre-Seed round for Nigeria’s logistics startup, Messenger, and participated in a $3.6 million...

Nama Ventures

Egypt

Logistics startup Trella raises $3.5 million from Avanz Capital Egypt

Egypt’s marketplace for trucks, Trella, has raised $3.5 million from newly-launched private equity fund Avanz Capital Egypt. The...

Trella

Saudi Arabia

First cohort of ten startups graduates from Flat6Labs Riyadh accelerator programme

Ten startups have graduated from the Flat6Labs Riyadh accelerator programme’s first batch, with each receiving $133,000 (SAR...

Fla6tlabs Riyadh accelerator programme

Oman

Oman’s byanat secures Seed round

Oman-based SaaS startup byanat has raised an undisclosed Seed funding round with contributions from 500 Global, Sanabil Investments,...

byanat SAAS 500 Global

Regional

Mena startups raised $445 million in May 2023

May was a bounce-back month for VC activity in the Middle East and North Africa (Mena), as venture funding into the region’s startups...

Investment

Regional

Google launches cleantech accelerator programme for startups in MEA

Google has announced the launch of a cleantech accelerator programme aimed at startups from across the Middle East and Africa. The...

Google

Egypt

Egypt’s Rology acquires Saudi Arabia-based Arkan United

Egypt-based healthtech Rology has acquired Saudi Arabian counterpart Arkan United. The value of the transaction was not disclosed. The...

Rology

Saudi Arabia

Autobia raises $2.5 million Seed round

Saudi Arabia-based B2B automotive platform Autobia has closed a $2.5 million Seed funding round, led by Sadu Capital and supported by...

Autobia Sadu Capital Wa'ed Vnetures

Oman

Oman’s Sharakah joins Beehive’s board as new investor

Oman-based SME developer company Sharakah has come on board with UAE-based fintech Beehive as a new investor. The new partnership will...

beehive Sharakah

Saudi Arabia

Women in Tech programme awards $50,000 to three Saudi female-led startups

Three Saudi Arabia-based female-led startups have been awarded $50,000 in equity-free cash rewards, as part of the Standard Chartered...

women in tech Falak investment hub Standard Chartered

Morocco

Moroccan healthtech DataPathology raises $1 million from Azur Innovation Fund

Morocco-based healthtech startup DataPathology has raised $1 million from Azur Innovation Fund. Founded in 2020 by Mohammed El...

Azur Innovation Fund

U.A.E

Tabby closes new round, upsizes debt facility to $350 million

UAE-based fintech Tabby has upsized its debt facility to $350 million after closing a new financing round led by San Francisco-based...

Tabby Fintech BNPL

Saudi Arabia

SVC allocates $7.5 million to Endeavor Catalyst fund

Saudi Venture Capital (SVC) has allocated $7.5 million to Endeavor Catalyst, the investment arm of Endeavor Global. The allocation is...

SVC Endeavor Catalyst Fund

Morocco

Morocco’s PrestaFreedom raises $1.1 million from Azur Innovation Fund

Morocco-based home services marketplace PrestaFreedom has raised $1.1 million (MDH 11,000,000) from Azur Innovation Fund. Founded in...

PrestaFreedom

U.A.E

Cargoz raises undisclosed bridge round to fuel KSA expansion

UAE-based logistics startup Cargoz has secured an undisclosed bridge funding round from Nama Ventures, RAZ Group and other angel...

Cargoz Nama Ventures RAZ Group

Palestine

Vatrin closes investment round from Ibtikar

Palestine-based Vatrin, has closed the investment it raised from Ibtikar Fund. The amount raised was not disclosed. Founded in 2019 by...

Vatrin Ibtikar Fund

Global

Insider raises $105 million investment led by QIA

Wamda portfolio company Insider, has raised an investment of up to $105 million from Qatar Investment Authority (QIA) and Esas Private...

Insider Wamda Capital QIA

U.A.E

B2B mental health startup Lifemost raises $650,000 pre-Seed round

UAE-based healthtech startup Lifemost has raised a $650,000 pre-Seed funding round from a group of angel investors. Founded in 2022 by...

Lifemost

Qatar

QIA leads Builder.ai’s $250 million Series D round

Qatar Investment Authority (QIA) has led the $250 million Series D funding raised by Builder.ai, along with Iconiq Capital, Jungle...

QIA Builder.ai Qatar Investment Authority

Saudi Arabia

Saudi furniture marketplace Baytonia raises Seed round

Saudi Arabia-based furniture e-commerce platform Baytonia has closed an undisclosed Seed round, led by Khwarizmi Ventures (KV), with...

Baytonia e--commerce furniture

Morocco

Plug and Play increases investment in Morocco’s Chari

Morocco-based B2B e-commerce platform Chari has secured a second round of investment from Plug and Play. The amount invested was not...

Chari e--commerce Plug and Play

Saudi Arabia

Saudi fintech Wosul raises $3.2 million

Saudi Arabia-based fintech Wosul Payments has raised a $3.2 million Seed round led by Khalab’s company along with a group of angel...

Wosul Fintech وصول

U.A.E

Silicon Valley’s Plug and Play invests in UAE’s Clara

UAE-based legaltech startup Clara has received an undisclosed investment from Silicon Valley’s innovation platform “Plug and...

Legaltech Clara Plug and Play

Thought Leadership

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

Thank you