Wamda

Global

Lemonade Fashion raises pre-seed investment

Lebanese-US online peer-to-peer (P2P) fashion marketplace Lemonade Fashion, has raised pre-seed investment from Draper University Ventures...

Lemonade fashion peer-to-peer marketplace

Iraq

Lezzoo closes seven figure seed round

Source: Iraq Business News Northern Gulf Partners, a frontier market investment firm, and California-based Pay It Forward Venture...

Lezzoo Online delivery ecommerce

U.A.E

Fetchr raises $15 million to expand to Saudi Arabia

Source: Bloomberg Fetchr secured at least $15 million in fresh funding to expand in Saudi Arabia as part of a turnaround plan that...

Fetchr Last mile delivery

Egypt

Rology raises investment from Dubai Angel Investors

Egypt-based healthtech startup Rology, has raised investment from Dubai Angel Investors. The amount raised was not...

Rology Dubai Angel Investors healthtech

Global

Abu Dhabi Capital Group invests in China's MissFresh

Source: Reuters Chinese online grocery startup MissFresh said on Thursday it has raised $495 million in its latest round of...

MissFresh Abu Dhabi Capital Group

U.A.E

Volvo Cars Tech Fund invests in blockchain firm Circulor

Source: Trade Arabia Trading Enterprises, the exclusive distributor of Volvo cars in the UAE, has announced that Volvo Cars has made an...

Volvo Cars

Global

Insider closes $32 million Series C

Wamda portfolio company Insider has closed a $32 million Series C funding round led by Riverwood Capital and joined by Sequoia India, Wamda...

Insider wamda

Kuwait

HOT Technologies raises $1.1 million in seed funding

Kuwait-based e-fitness startup HOT Technologies, has raised $1.1 million in seed funding from a cluster of regional angel...

HOT Technologies efitness Covid19

Tunisia

IntiGo raises more than $1 million

Source: Zawya Tunisian ride-hailing and logistics startup IntiGo has raised a little over $1 million (TND 2.9 million) in fresh funds,...

IntiGo Capsa Capital Partners ride hailing

U.A.E

Eve virtual raises $1 million in seed funding

Source: WAYA Eve virtual – MENA’s first virtual hosting platform announced it has raised $1 million in a seed funding...

Eve virtual 3Dprinting

Morocco

KoolSkools raises MAD 4 million

Source: Maroc Numric Fund KoolSkools is raising MAD 4 million, including MAD 3 million from Maroc Numeric Fund II and MAD 1 million from...

Maroc Numeric Fund KoolSkools elearning

Global

Aumet raises $1.25 million in seed funding

Jordan-born healthcare marketplace Aumet, has raised a $1.25 million seed round from Right Side Capital, TechStars, and Plugs and...

Healthcare covid-19 Aumet

Saudi Arabia

Thobi raises SAR 2.5 million in seed funding

Saudi Arabia-based online retailer Thobi, has raised a SAR2.5 million ($670,000) in a seed round led by ABN Ventures and Abunayyan...

Thobi ABN Ventures Seed funding

Egypt

Fatura raises seven-figure seed funding

Egypt-based e-commerce startup Fatura, has closed a “seven-figure” seed round led by Egypt-based fintech fund Disruptech, with...

Fatura FMCG Disruptech

U.A.E

Periscope Media raises seed funding

Dubai-based edutainment startup Periscope Media has raised its initial seed round funding. Founded in early 2020, Periscope Media is...

edutainment Periscope Media

Global

Storytel acquires Kitab Sawti

Swedish audiobook streaming group Storytel, is acquiring UAE-based Arabic audiobook platform Kitab Sawti. Founded in 2016 by Sebastian...

Kitab Sawti Storytel

Tunisia

Galactech raises investment from Oman Technology Fund

Tunisia-based Galactech has closed a six-figure investment in its pre-Series A round from Oman Technology Fund (OTF) and other business...

content tunisia

U.A.E

Nomad Homes raises $4 million in seed funding

Dubai-based digital real estate platform Nomad Homes, has raised a $4 million in a seed round led by Comcast Ventures, with participation...

Protech Nomad homes

Morocco

OnePay raises $409,000 from Maroc Numeric Fund II

Source: Maroc Numeric Fund OnePay announces a MAD 4 million ($409,000) investment from Maroc Numeric Fund II. OnePay is a...

OnePay Maroc Numeric Fund

Saudi Arabia

Lean raises $3.5 million in seed funding

Riyadh-based financial technology (fintech) startup Lean, has raised a $3.5 million in a seed funding round led by RAED Venture, with...

lean Fintech Open banking

Regional

Top five investment deals in the second quarter of 2020

The top five disclosed venture capital (VC) deals in the second quarter of 2020 amounted to $244.6 million, largely down to the $150...

VC investment

Global

Privity invests in Verofax

UAE-based advisory firm Privity has invested in Abu Dhabi-based Verofax Limited’s pre-seed investment round. Founded in 2018,...

Verofax Privity Blockchain

Bahrain

Al Waha Fund of Funds invests in Bedaya Fund

Source: Gulf Daily News Al Waha Fund of Funds invested an undisclosed amount in the Bedaya Fund I of seed-stage venture capital firm...

Bedaya fund Shorooq Partners AlWaha Fund of Funds

U.A.E

In5 startups raise Dh65 million in first half of 2020

Dubai-based incubator In5, today announced that its startups have raised more than Dh65 million ($17.7 million) in the first half of...

in5 Tecom 2020 H1

Thought Leadership

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

Thank you