Wamda

Egypt

Egypt’s ArabyAds raises $30 million pre-Series B funding

Egypt-born and UAE-headquartered advertising technology company ArabyAds, has raised $30 million in pre-Series B funding from...

ArabyAds Advertising

U.A.E

Neobank Zywa raises $3 million Seed round

UAE-based neobank Zywa, has raised $3 million in a Seed round from Goodwater Capital, Dubai Future District Fund, Rebel Fund, Trampoline...

Fintech neo banking Zywa

Saudi Arabia

Tamara raises $100 million Series B round

Saudi Arabia-based fintech Tamara has raised $100 million in a Series B equity round from investors including Sanabil Investments,...

Tamara BNPL

U.A.E

G42 launches $10 billion technology growth fund

UAE-based AI and cloud computing technology company G42, has launched a $10 billion G42 Expansion Fund, in partnership with Abu...

G42 ADG G42 Expansion Fund

U.A.E

Dukkantek secures $10 million Pre-Series A funding

UAE-based store management platform Dukkantek, has raised a $10 million pre-Series A funding round, led by BECO Capital with significant...

Dukkantek Wamda Capital BECO Capital

Bahrain

Faceki raises Seed round from Nama Ventures

Bahrain-based identity verification platform Faceki has raised an undisclosed amount in a Seed funding round led by Nama Ven...

Faceki Nama Ventures AI

Egypt

Restaurant management platform BONBELL raises $350,000

Egypt-based foodtech startup BONBELL, has raised $350,000 from a Candian angel investor. Founded in 2022 by Doaa Abdel-Hameed, BONBELL...

BONBELL

U.A.E

AstraTech acquires fintech app PayBy

UAE-based technology and Investment Group AstraTech, has acquired fintech platform PayBy for an undisclosed sum. Founded in 2019 by...

Astra tech

Global

SWVL announces $20 million private placement

Dubai-based mobility and transport solutions provider SWVL, has signed an agreement with US-based institutional investors for the sale and...

Swvl

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

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