Wamda

Egypt

Fakahany raises $700,000 seed

Source: MENAbytes Fakahany, a Cairo based farm-to-door fresh produce e-commerce platform has raised $700,000 in seed funding, the...

seed fund E-commerce

Kenya

Twiga Foods raises $10 million

Twiga Foods has announced a $10 million investment led by the World Bank’s International Finance Corporation (IFC) and the Global...

Twiga Foods Wamda Capital Funding

Saudi Arabia

500 Startups launches accelerator with Misk

US-based venture capital (VC) firm 500 Startups has partnered with Saudi Arabia’s Misk Innovation to launch an early-stage...

accelerator

Turkey

Volt Lines raises $1.28 million

Volt Lines, a Turkey-based transportation service has raised $1.28 million in a pre-Series A round led by Dubai Angel Investors (DAI) which...

Transport Sharing Economy turkey

U.A.E

WakeCap secures $1.6 million

WakeCap, the UAE-based construction technology startup has closed $1.6 million in seed investment from a group of global investors...

Construction IoT Hardware

U.A.E

WeInvest sets sights on UAE

Source: Finextra WeInvest, a Singapore-based digital wealth services and robo-advisory firm, announced today its expansion will be into...

Fintech Hive DIFC

Lebanon

Lebanon’s Kamkalima raises $1.5 million Series A

Source: MENAbytes Lebanese EdTech startup Kamkalima has raised $1.5 million in Series A funding from Beirut-based Phoenician...

Series A financing

U.A.E

Abu Dhabi Securities Exchange to create infrastructure for cryptocurrency assets

Source: Bitcoin.com The Abu Dhabi Securities Exchange has released a paper aimed at creating the infrastructure necessary to accommodate...

abu dhabi Fintech cryptocurrency

Kuwait

DWS Group acquires stake in GCC FinTech startup Neo Technologies

Source: The National DWS Group, a European asset manager in which Germany’s Deutsche Bank has a majority stake, agreed to...

Fintech

Regional

Uncertain global investment market creates opportunities in region

The prospect of a full-blown trade war between the US and China is prompting some of the world’s investors to look for rebound...

Turkey

Tarfin raises $1.3 million in seed round

Tarfin recently completed a $1.3 million seed round led by Turkey-based Collective Spark Fund with co-investment from Wamda Capital. The...

Agriculture agritech Fintech

U.A.E

Careem closes $200m in latest round

Ride-hailing app Careem has secured $200 million from existing investors including Al Tayyar Group, Kingdom Holding and Rakuten in the...

careem investment round

Kuwait

Arabnet Kuwait chooses top three startups

The third edition of Arabnet Kuwait concluded with three startups qualifying to compete regionally in Arabnet’s Digital Summit in...

kuwait competition Arabnet

U.A.E

Mumzworld closes $20m Series B round

Mumzworld, the Dubai-based e-commerce shopping platform for mothers across the Middle East and North Africa (Mena) region has closed its...

Mumzworld ecommerce

Oman

Careem resumes service in Oman

Careem has re-launched its services in Muscat after partnering with local taxi operator, Marhaba Taxi. The UAE-based ride-hailing app...

Muscat careem

Regional

Vezeeta secures $12m in series C

Egypt-based healthcare company Vezeeta has raised $12million in a Series C round led by Saudi Technology Ventures (STV). Launched in...

Healthcare Series C

Saudi Arabia

Taqadam announces six winners

Saudi Arabia’s startup accelerator Taqadam has picked six winners after an intensive eight-month acceleration programme, awarding...

KAUST Taqadam

Egypt

Egyptian startup Aqarmap raises a round from Wamda Capital, KISP and Raed Ventures

Aqarmap.com, an online real estate marketplace in Egypt, closed a funding round from UAE-based Wamda Capital, Kuwait-based KISP Ventures,...

Aqarmap Raed Ventures Wamda Capital

Regional

Robo-advisor Sarwa raises over $ 1.3M from regional and global investors

Sarwa, a regulated automated investment advisory platform in the region, recently closed a pre-Series A of over $1.3 million. Investors...

fundraising

Iraq

New startup academy launches in Erbil

Re:Coded is a new tech entrepreneurship academy which launched in Erbil. Running throughout September 2018, the Academy will focus on...

academy Re:Coded Education

Regional

Crowd Analyzer secures $1.1 million, looks to scale to Saudi Arabia and MENA

Crowd Analyzer, the Dubai-based data intelligence provider and Arabic-focused social media monitoring platform, has received pre-Series A...

Crowd Analyzer Investment

Regional

The Luxury Closet raises $8.7 million in its third round of investment

After raising USD $7.8 million in Series B in September 2016, online platform The Luxury Closet for buying and selling pre-owned...

The Luxury Closet Investment Success Stories

Regional

Arabic content platform Mawdoo3 raises $13.5m from British and American VCs

Mawdoo3.com (‘Mawdoo3’), a leading online Arabic platform from the region, has recently completed a US $13.5 million...

Mawdoo3 series B Investment

Egypt

Jordan's POSRocket raises $1.5 million in a round led by Algebra Ventures

POSRocket, a cloud-based POS Jordanian startup, has announced $1.5 million in a funding round led by $50 million Cairo-based venture...

Algebra Ventures KISP Ventures Arzan VC

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