Wamda

Palestine

Ibtikar Fund invests $1.4 million in three startups

Palestine-based VC Ibtikar Fund, has invested $1.4 million in three startups across Mena founded by Palestinians, through its second...

Ibtikar Fund Alma Health Vatrin

U.A.E

Hub71, Modus extend Ventures Lab Programme

Hub71 and Modus will expand their venture programme “Ventures Lab” to include 28 founding teams, which is almost a 65...

Hub71 Modus Ventures Lab

Morocco

Morocco's Spotter raises funds from UM6P

Morocco-based open finance startup Spotter has raised an undisclosed amount of funding from UM6P Ventures. The announcement was made...

UM6P Ventures

U.A.E

invygo raises $10 million Series A round

UAE-based car subscription platform invygo, has raised a $10 million Series A round led by MEVP, with participation from Al Rajhi...

Invygo

Egypt

Money Fellows raises $31 million in first close of Series B

Egypt-based fintech Money Fellows, has finished the first close of its Series B round with a $31 million investment led by...

Money Fellows Fintech CommerzVentures

U.A.E

Hub71 launches platform to expand capital access to startups from regional family offices

Abu Dhabi-based global tech ecosystem Hub71, has launched a new platform that seeks to facilitate access to capital for startups and...

Hub71

United States

Classera raises $40 million Series A round led by Sanabil

US-based and Mena-focused edtech Classera, has raised $40 million in a Series A round, led by Sanabil Investments and joined by Global...

Classera Sanabil Investments EdTech

U.A.E

Data startup Lune raises $850,000 pre-Seed round

UAE-based data startup Lune, has raised $850,000 in a pre-Seed round led by Dubai Future District Fund (DFDF), Flat6Labs, and an...

Lune

U.A.E

EMPG raises $200 million funding, eyeing IPO listing

UAE-based EMPG, which owns dubizzle and Bayut, has raised a $200 million in a round led by US-based Affinity Partners, with new funding...

EMPG Dubizzle Bayut

Saudi Arabia

Saudi Telecom Company commits additional $300 million to VC firm STV

Saudi Telecom Company (STC) has committed an additional $300 million to Saudi venture capital firm STV, on top of an earlier investment...

STC STV Venture Capital

Lebanon

Lebanon’s IM Ventures launches second fund

Lebanon-based VC firm IM Ventures has launched a $12 million fund under the USAID Lebanon Investment Initiative (LII) to support...

IM Ventures Insure and Match Ventures USAID

U.A.E

BitOasis partners with Mastercard to launch crypto-linked cards

UAE-based cryptocurrency trading platform BitOasis, has partnered with Mastercard to launch crypto card programmes. The new...

BitOasis MasterCard crypto

Global

Modus Capital acquires Agile Ventures

US-based Modus Capital has acquired Saudi Arabia-based startup venture builder Agile Ventures. The value of the transaction remains...

Modus Capital

U.A.E

Aliph Capital secures $125 million investment from ADQ

UAE-based private equity firm Aliph Capital has secured a $125 million investment for its maiden fund, Aliph Fund I (LP), from Abu...

Aliph Capital ADQ

U.A.E

MBRIF provides $680,000 guarantee to Avani Eco

UAE-based cleantech Avani Eco Middle East has been granted a guarantee of $680,000 in funding support from the Mohammed Bin Rashid...

MBRIF Avani Eco

Egypt

Egypt’s Seqoon raises $500,000 pre-Seed round

Egypt-based proptech Seqoon, has raised $500,000 in a pre-Seed round through Banque Misr’s pilot programme to support startups in...

Seqoon real esate Proptech

Saudi Arabia

Tachyon raises $1.6 million pre-Seed round

Saudi Arabia-based B2B logistics platform Tachyon, has raised a $1.6 million pre-Seed round from undisclosed investors. Founded in...

Tachyon Logistics

Egypt

KarmSolar secures $2.4 million funding from QNB ALAHLI

Egypt-based cleantech KarmSolar has secured $2.4 million in funding from Qatar National Bank ALAHLI (QNB ALAHLI), as part of...

KarmSolar solar energy QNB ALAHLI

Egypt

valU acquires minority stake in fintech Kiwe

Egypt-based fintech valU has acquired a minority stake in the social payment app Kiwe, for an unknown amount. Founded in 2018 in Egypt...

valu Kiwe Fintech

Egypt

MaxAB closes $40 million pre-Series B round

Egypt-based food and grocery B2B e-commerce platform MaxAB, has closed a $40m pre-Series B equity round from Silver Lake, British...

MaxAB b2b E-commerce

Egypt

Egypt’s Nexta raises $3 million for its challenger fintech app

Egypt has a population of over 103 million inhabitants, growing at approximately 2 per cent a year. The enormous growth in population has...

Nexta

Jordan

US Fresh Del Monte invests in Jordanian agritech Decapolis

US-based agriculture company Fresh Del Monte Produce has acquired a 39 per cent stake in Jordanian agritech Decapolis. Founded in 2018...

Fresh Del Monte Decapolis agritech

Egypt

Trella attracts new $6 million debt financing from ALMA

Egypt-based B2B trucking marketplace Trella has secured $6 million in debt funding from ALMA Sustainable Finance (ALMA) and the US...

Trella Alma trucking

Egypt

Egypt’s Kenzz raises $3.5 million Seed round

Egypt-based mass e-commerce startup Kenzz, has completed a $3.5 million Seed fundraise led by Outliers Venture Capital, HOF Capital,...

Kenzz Outliers Venture Capital E-commerce

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