Wamda

Jordan

Tamatem expands to China after securing investment from MSA Novo

Jordan-based mobile games publisher Tamatem, is expanding to China after securing an investment and strategic partnership with MSA Novo,...

tamatem china MSA Novo

U.A.E

SmartCrowd raises $3 million bridge round

UAE-based real estate crowdfunding platform SmartCrowd, has raised a $3 million bridge round led by Mad’a Investment Company, with...

SmartCrowd

Egypt

The Cairo Angels invests in Nigerian fintech CredPal

Egypt-based VC fund The Cairo Angels Syndicate Fund (CASF) has invested an unknown amount in the Nigerian fintech CredPal, which is...

CredPal Cairo Angles CASF

Egypt

Petcare provider Vetwork raises Bridge round

Egypt-based petcare platform Vetwork has raised a Bridge round from several investors from Saudi Arabia and members of the Alexandria...

Vetwork Alexandria Angel Network

U.A.E

KOI Ride raises $3 million investment round

UAE-based B2B ride-hailing services startup KOI Ride has closed a $3 million round with investment from CEG Invest and Taurus Wealth...

KOI Ride ride-hailing

Egypt

DXwand raises $1 million pre-Series A round

Egypt-based AI startup DXwand has closed a pre-Series A investment round of $1 million, led by Huashan Capital, US-based VC firm SOSV,...

DXwand AI Huashan Capital

Global

Chari acquires Ivory Coast startup Diago

Morocco-based B2B e-commerce and fintech startup Chari, has acquired Diago, an Ivorian app that connects local shops to FMCG producers...

Chari

Tunisia

GOMYCODE raises $8 million Series A round with participation from Wamda

Wamda has invested in Tunisia-based edtech GOMYCODE’s $8 million Series A round, led by France’s Proparco and AfricaInvest...

GoMyCode

Egypt

ADVA secures six-figure Seed round from Sawari Ventures

Egypt-based fintech ADVA has raised an undisclosed "six-digit figure" Seed round from Sawari Ventures. Founded in 2020 by...

ADVA

Regional

Mena startups raised $176 million in May, lowest amount so far in 2022

Startups in the Middle East and North Africa region (Mena) raised $176 million in May 2022 across 42 deals, a decline of 40 per cent...

investments

Global

Kuwait’s AlMuhlab leads Gamiphy’s $1.5 million pre-Series A round

Kuwait-based Al Muhalab VC has led a $1.5 million pre-Series A round for Palestine-born and US-headquartered SaaS startup Gamiphy. The...

Gamiphy

U.A.E

UAE fintech NymCard raises $22.5 million

UAE-based Banking as-a-Service (BaaS) provider NymCard, has raised $22.5 million in a venture round, led by DisruptAD, Reciprocal...

NymCard DisruptAD Baas

U.A.E

Majid Al Futtaim launches new accelerator to support regional SMEs

UAE-based retail group Majid Al Futtaim and AstroLabs have launched Majid Al Futtaim Launchpad, an accelerator programme that aims to...

Majid Al Futtaim Astrolabs accelerator

Iraq

Lebanese delivery app toters raises $18 million Series B round

Lebanon-based super app toters, has raised $18 million in a Series B round from International Finance Corporation (IFC), March...

toters ifc

Egypt

Egypt’s Nice Deer raises $1 million pre-Seed round

Egypt-based insurtech Nice Deer has raised a $1 million pre-Seed funding round led by DisrupTech Ventures. Founded in early 2022 by...

Nice Deer Insurtech healthtech

Egypt

valU expands to Saudi market through partnership with Alhokair

Egypt-based fintech valU, has extended its services to Saudi Arabia through a partnership with FAS Labs, owned by Fawaz Abdulaziz...

valu BNPL Alhokair

Saudi Arabia

Hyperpay raises $36.7 million led by Mastercard

KSA-based fintech HyperPay has raised $36.7 million in a funding round led by Mastercard, with participation from Amwal Capital Partners...

hyperpay MasterCard

Egypt

Egypt’s Appetito acquires Tunisia’s Lamma

Egypt-based q-commerce Appetito has acquired Tunisia’s Lamma to expand operations in Morocco, Tunisia and West Africa for an...

Appetito Lamma q-commerce

U.A.E

UAE’s Alpha Waves invests in India’s Cuemath

UAE-based Alpha Wave has invested in Indian edtech Cuemath, as part of its recent fundraising estimate at $57 million, alongside other...

Cuemath Alpha Wave

U.A.E

Pure Harvest Smart Farms acquires BayWa's interest in agritech venture

UAE-based agritech Pure Harvest Smart Farms is forming an alliance with Al Dahra Group by acquiring BaWa’s controlling interest...

Pure Harvest Smart Farms agritech acquisition

Egypt

Egypt’s CASF invests in South Africa’s Finclusion Group

Egypt-based micro VC fund The Cairo Angels Syndicate Fund (CASF) has invested an undisclosed amount in the South Africa-based fintech...

CASF Cairo Angels Syndicate Fund Fincusion Group

U.A.E

UAE’s Cypher Capital invests in Spain’s Iomob

Dubai-based blockchain-focused VC firm Cypher Capital, has invested in Spain-based decentralised marketplace, Iomob. Founded in 2018...

Cypher Capital Iomob

Global

SWVL to lay off 32 per cent of its workforce, expects to turn profitable in 2023

Egypt-born and Dubai-headquartered mobility startup SWVL, announced plans to reduce its workforce by 32 per cent. The planned layoffs...

Swvl

Oman

Snoonu acquires Oman’s Akeed

Qatar-based super app Snoonu, has acquired Oman’s food delivery platform Akeed for an undisclosed sum. Founded in 2019 by Hamad...

Snoonu Akeed

Thought Leadership

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

Thank you