Wamda

U.A.E

SDF to pour $150 million into local, international VC investments

The UAE’s Strategic Development Fund (SDF), the investment arm of Tawazun Holding, has allocated $150 million (DH551.2 million) to...

Strategic Development Fund SDF Tawazun

Saudi Arabia

BLOMINVEST partners with Flat6Labs to fund Saudi startups

Saudi Arabia-based asset manager BLOMINVEST has partnered with Egypt’s Flat6Labs to launch a fund targeting early-stage startups...

BLOMINVEST Flat6Labs

Saudi Arabia

Rasan raises $24 million for its Tameeni insurance platform

Saudi Arabia-based insurtech startup Rasan has raised SAR 90 million ($24 million) for its Tameeni platform in a round led by Impact46,...

Rasan Insurtech Fintech

U.A.E

Dubai-based Zofeur raises $500,000 Seed round

Dubai-based ride-hailing startup Zofeur has announced it raised a $500,000 Seed funding round in May 2021, led by angel...

Zofeur Transportation Dubai

U.A.E

Nomod raises $3.4 million seed round at $50m valuation to accelerate growth

UAE-based fintech Nomod, has raised a $3.4 million Seed round with participation from Y Combinator, Global Founders Capital Kingsway...

Nomod YCombinator

U.A.E

Dubai launches Dh1 billion Future District Fund

Dubai has launched a Dh1 billion ($272 million) Dubai Future District Fund to support Seed to growth-stage tech startups and encourage...

Dubai Future District Fund

U.A.E

Tarjama raises investment from Amethis to fuel global expansion

Amethis, an investment fund focused on Africa and Mena has acquired a minority stake in UAE-based Tarjama. Founded in...

Tarjama Amethis

Jordan

Jordan’s Abwaab raises $20 million Series A round

Jordan-based e-learning platform Abwaab has raised $20 million in a Series A funding round, led by existing investor BECO Capital (UAE)...

abwaab EdTech BECO Capital

Egypt

EdVentures invests $200,000 in Career 180 platform

Cairo-based edtech platform Career 180 has raised $200,000 from EdVentures. Founded in 2016 by Mohamed Akmal and Shorouk Alaa Eldin,...

EdVentures Career 180

Egypt

Fintech KIWE closes first financing round led by dfin Holding

Egypt-based fintech KIWE has raised its first investment round, led by dfin Holding with participation from EFG Hermes, Marakez for...

Fintech money transfer

Egypt

Egypt's edtech Tyro acquires Nafham

Egypt-based online tutoring platform Tyro has acquired Nafham, an edtech startup focused on school curricula of Egypt, KSA, and...

nafham EdTech

Saudi Arabia

n.go raises $1.8 million in first funding round

Saudi Arabia-based ordering platform for takeaways n.go, has closed its first investment round of $1.8 million (SAR7 million), led...

n.go e-delivery

U.A.E

Wamda participates in Verity's $800,000 pre-Seed round

UAE-based financial literacy startup Verity, has closed a $800,000 pre-Seed round, backed by regional venture capital firms,...

Verity Fintech financial literacy

Saudi Arabia

Saudi edtech AlGooru raises $600,000 pre-Seed funding

Saudi Arabia-based edtech AlGooru has raised $600,000 in a pre-Seed funding round from Nawa Co, Oqal Angel Network and...

AlGooru EdTech Nawa Co

Global

Why tech and sustainability in Asian markets are set for investment windfall

Trade and investment between the Middle East and both India and China have been steadily rising over the past few years. This has become...

India china

Kuwait

Zain Ventures invests in Switzerland-based BNPL ZoodPay's $38 million Series B round

Zain Group’s venture capital arm Zain Ventures has invested in Switzerland-based buy now pay later (BNPL) super...

Zain Ventures

Egypt

BlinkApp raises six-figure pre-Seed

Egypt-based mobility road assistance startup BlinkApp has raised a six-figure pre-Seed round, led by investors located in UAE and...

blinkapp mobility Transport

U.A.E

UAE aims to host 20 unicorns by 2031

The UAE aims to become home to 20 unicorns by 2031, this comes as part of its Entrepreneurial Nation initiative aimed at supporting the...

smes Entrepreneurial Nation

Saudi Arabia

Qreeb raises $506,600 Seed round

Saudi Arabia-based B2B e-procurement and facility platform Qreeb, has raised SAR 1.9 million ($506,600) from Wa’ed, the...

Wa'ed

Saudi Arabia

HealTec raises $1.2 million Seed round

Saudi Arabia-based B2B healthtech startup HealTec, has raised a $1.2 million Seed round, led by Nour Nouf Ventures (NNV), a...

healthtech

Egypt

Egypt's Educatly raises $1 million pre-Seed round

Egypt-based edtech Educatly has raised a $1 million pre-Seed round from Falak Startups, Enterprise Island along with a group of...

Educatly EdTech Falak Startups

Saudi Arabia

Car rental platform Telgani closes $2.5 million pre-Series A led by Impact46

Saudi Arabia-based car rental and mobility startup Teglani, has raised $2.5 million in a pre-Series A round led by Impact46 with...

Telgani mobility

Bahrain

Bahrain’s CoinMena secures $9.5 million Seed round

Bahrain-based crypto exchange CoinMena has raised $9.5 million in its first Seed funding round, from Beco Capital, Kenetic, Arab Bank...

CoinMena cryptocurrency

Regional

Startups in Mena raised $150 million in October 2021

Startups in Mena raised more than $150 million in October across 42 deals, a 55.5 per cent month-on-month decline in terms of value, but a...

investments VC funding

Thought Leadership

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