Wamda

Egypt

CASF invests in Kenya fintech FlexPay

Egypt's The Cairo Angels Syndicate Fund (CASF) has invested an undisclosed amount in a Kenya-based fintech FlexPay, marking the...

CASF FlexPay Cairo Angels Syndicate Fund

Pakistan

Nama Ventures invests in Pakistan’s AgriDunya

Saudi Arabia-based VC Nama Ventures, has invested an undisclosed amount in Pakistan-based agritech AgriDunya’s pre-Seed...

AgriDunya agritech Nama Ventures

Egypt

Amazon acquires 4 per cent of valU for $10 million

Amazon has agreed to acquire $10 million in EFG Hermes GDRs, with the option to replace it with future investment in valU. This...

Amazon valu EFG Hermes

Regional

Kitopi raises $300 million Series C round extension

UAE-based cloud kitchen operator Kitopi, raised an additional $300 million in its Series C round late last year, extending the...

Kitopi

Egypt

B2B marketplace Teegara raises undisclosed Bridge round

Egypt-based e-commerce Teegara has raised an undisclosed bridge round, led by Alexandria Angel Network with the participation of...

Teegara Alexandria Angel Network E-commerce

Algeria

Algeria Venture and AIF launch $10 million VC fund

Algeria-based accelerator Algeria Venture (A-Venture) and the Algeria Investment Fund (AIF) have partnered to launch a VC fund targeting...

Algeria Venture Algeria Investment Fund VC fund

Egypt

Startupper of the Year Challenge names its three winners

Three Egyptian startups have been awarded EGP 140,000 ($7,600) each in funding, after being named winners of the third edition of the...

TotalEnergies

Egypt

Mylerz closes $9.6 million round led by Lorax Capital

Egypt-based last-mile delivery startup Mylerz has closed a $9.6 million round led by Lorax Capital Partners, with participation from...

Mylerz Lorax Capital fawry

Regional

Mena startups raised $297 million in April 2022

Startups in the Middle East and North Africa region (Mena) raised $297 million across 29 deals in April 2022 a drop of just $2 million...

Investment

U.A.E

NewTribe Capital invests $5 million in NEAR Protocol

UAE-based VC fund NewTribe Capital has invested $5 million in the San Francisco-based blockchain platform NEAR Protocol. Founded in...

NEAR Protocol NewTribe Capital

U.A.E

Spades launches in UAE after raising $2.5 million

UAE-based fintech Spades, has raised $2.5 million in investment from European angel investors, including Thibaud Elzière, Eduardo...

Spades Dine-in Payment

U.A.E

BNPL Cashew raises $10 million investment from Mashreq

UAE-based fintech Cashew has received a $10 million investment from UAE’s Mashreq, the Dubai bank controlled by the Al Ghurair...

Cashew Mashreq

U.A.E

Fine Diner raises $150,000 in Seed round

UAE-based foodtech Fine Diner has raised $150,000 in Seed funding from angel investors. Founded in 2019 by Sami Elayan, Saed...

foodtech cloud kitchen

Saudi Arabia

Saudi logistics startup Mkhdoom raises $1.1 million

Press release: Saudi Arabia-based logistics provider, Mkhdoom, has secured $1.1 million (SAR 4 million) in a Seed round led by Aljabr...

Logistics

Global

SWVL acquires UK's Zeelo for $100 million

Dubai-based mobility startup SWVL, has acquired UK-based B2B smart buses operator startup Zeelo, in a deal valued at $100 million. This...

Swvl

Saudi Arabia

Saudi discount platform Remmsh raises funding from Nama Ventures

Saudi Arabia-based discount code platform Remmsh, has raised pre-Seed funding from Nama Ventures. The amount raised was not...

Nama Ventures

U.A.E

Dubai launches $100 million debt fund to finance startups

Dubai has launched a Dh370 million ($100.7 million) VC debt fund to finance startups and fuel their global expansion. The Venture Debt...

venture debt fund Dubai DIFC

Jordan

Repzo raises $1.4 million Bridge round

Jordan-based SaaS platform Repzo, has raised a $1.4 million bridge round, led by the Arab Palestinian Investment Company...

repzo SAAS

U.A.E

Joi Gifts closes $1 million pre-Series B round

UAE-based e-commerce gifting platform Joi Gifts, has raised $1 million in pre-Series B funding from Panthera Capital and other regional...

joi gifts

Saudi Arabia

Red Sea Farms raises additional $18.5 million to fuel expansion plans

Saudi Arabia-based agritech Red Sea Farms has raised an additional $18.5 million co-led by Wa’ed, the venture capital arm of Saudi...

Red Sea Farms agritech

U.A.E

UAE fintech zenda raises $9.4 million Seed to accelerate India expansion plans

UAE-based fintech zenda, has raised $9.4 million in a Seed round from STV, COTU, Global Founders Capital, and...

Fintech zenda

Saudi Arabia

KAUST launches innovation fund

The King Abdullah University of Science and Technology (KAUST) has launched a VC fund to invest in seed level deeptech...

KAUST KAUST Innovation Fund

U.A.E

Millennial Brands raises $35 million growth round

UAE-based direct-to-consumer (D2C) platform Millennial Brands, has raised $35 million in growth funding led by Global Emerging Markets...

Millennial Brands Global Emerging Markets Group E-commerce

Regional

FOODICS raises $170 million Series C round for expansion

FOODICS, a Saudi Arabia-based fintech and foodtech platform, has raised $170 million in a Series C round, co-led by Prosus and Sanabil...

Foodics

Thought Leadership

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