Wamda

U.A.E

Bayzat receives funding support from MBRIF

UAE-based HR solutions platform Bayzat has raised investment for an unknown amount from The Mohammed Bin Rashid Innovation Fund [MBRIF],...

Bayzat MBRIF Mohammed Bin Rashid Innovation Fund

Iraq

Iraqi Islamic Bank partners with MSA Novo to fund tech-focused startups

Iraq Islamic Bank (IIB) has partnered with MSA Novo (MSA) to launch a fund to invest in tech-focused startups in Iraq. The size of the...

Iraqi Islamic Bank MSA Novo

U.A.E

Produze raises $2.6 million to digitise agri value chain

UAE-based B2B marketplace Produze, has raised $2.6 million in a Seed round led by Accel, with participation from All In Capital, and...

Produze

U.A.E

Everdome raises $10 million from GEM Digital

UAE-based metaverse startup Everdome, has raised $10 million from Bahamian digital asset investment firm GEM Digital Limited. The...

Everdome

Egypt

Egyptian e-commerce Sharwa raises $2 million pre-Seed

Egypt-based social commerce platform Sharwa, has closed a $2 million pre-Seed funding round, co-led by Nuwa Capital and Hambro Perks...

Sharwa Nuwa capital Hambro Perks Oryx Fund

Egypt

Egypt’s Convertedin raises $3 million Seed round

Egypt-based marketing platform Convertedin, has raised a $3 million Seed round, led by Saudi Arabia-headquartered Merak Capital, with...

Convertedin Merak Capital

Regional

Mena to witness more than 45 unicorns by 2030, STV report

Mena is set to witness the birth of more than 45 unicorns in the next eight years, with an estimated total equity value to reach more...

STV Fintech Unicorn

U.A.E

COTU Ventures raises capital from Dubai Future District Fund

COTU Ventures, a venture capital firm offering capital for early stage startups, has raised investment from Dubai Future District Fund...

COTU Ventures

Egypt

OneOrder receives $6.5 million from Contact Factoring

Egypt-based OneOrder, a B2B e-commerce startup catering to the restaurant and hospitality sector, has signed an investment agreement...

OneOrder

Saudi Arabia

KABI acquires HR tech startup BLOOVO

Saudi Arabia-based human resources (HR) consultancy firm KABI Technologies, has acquired AI-powered recruitment solutions provider...

HR tech

Bahrain

Bahrain’s Faceki raises undisclosed Seed round from Tenmou

Bahrain-based AI startup Faceki, has raised an undisclosed Seed round from Bahraini business angel network Tenmou. Founded in...

Tenmou Faceki AI

Regional

Mena startups raised $105 million in July, lowest amount so far in 2022

Startups in the Middle East and North Africa (Mena) raised $105 million across 44 deals in July 2022, marking a significant slowdown in...

Investment

Saudi Arabia

Barakah raises $300,000 pre-Seed round

Saudi Arabia-based food delivery startup Barakah has secured $300,000 in a pre-Seed round from Alriyadah Investments. Founded in 2021...

Barakah Alriyadah Investments Food & Beverage

U.A.E

Procurified raises $1.1 million Seed funding

UAE-based construction bid management platform Procurified has raised a $ 1.1 million Seed Round, led by UAE-based Aditum Investment...

Procurified Aditum Investment Management

Kuwait

All Over Group’s Khaled Al Refaai acquires 25 pre cent of Blockat for $3.6 million

Khaled Al Rafaai, CEO of Kuwait-based media production company All Over Group, has acquired 25 per cent of e-commerce platform Blockat,...

Blockat

Egypt

Homzmart raises $23 million pre-Series B round

Egypt-based furniture and home supplies marketplace Homzmart, has raised a $23 million pre-Series B round from STV, Impact46, Outliers...

Homzmart

Kuwait

Kuwait’s Teeela raises $3.75 million pre-Series A

Kuwait-based gifting platform Teeela, has raised $3.75 million in a pre-Series A funding round, led by Saudi Arabian investment firm...

Teeela Wealth Well gift marketplace

U.A.E

Enhance Ventures launches $30 million Builders Fund

UAE and Saudi Arabia-based venture studio Enhance Ventures, has launched a $30 million Builders Fund, which will invest in the...

Enhance Ventures Builders Fund MENAPT

U.A.E

Artifi raises $3.26 million in investment

UAE-based blockchain NFT ecosystem Artfi, has received funds worth $3.26 million at a valuation of $100 million from Sheikha Hend Al...

NFT Artifi Blockchain

U.A.E

ChatFood raises $3 million bridge round led by Antler

UAE-based foodtech ChatFood, has announced a bridge round of $3 million led by Antler with a reserved amount for key strategic Saudi...

ChatFood Antler foodtech

Egypt

Egypt’s fashion marketplace TFK closes $2.6 million Seed round

Egypt-based fashion marketplace The Fashion Kingdom (TFK), has raised a $2.6 million Seed funding round, co-led by CVentures and A15,...

TFK The Fashion Kingdom Cventures

Egypt

Egypt’s Cartona raises $12 million Series A round

Egypt-based B2B e-commerce platform Cartona, has closed its $12 million Series A fundraise led by Silicon Badia, with the participation...

Cartona silicon badia

U.A.E

UAE’s Qstay closes $6.5 million Seed round

UAE-based hospitality platform Qstay, has closed a debt and equity Seed round of $6.5 million. Founded in 2020 by Artur Khayrullin,...

Qstay hospitality Rental

Egypt

FMO announces $10 million commitment to Algebra Fund II

FMO, the Dutch entrepreneurial development bank, has pledged a $10 commitment to Algebra’s second fund. The agreement was signed...

FMO Algebra Fund II

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