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... News • 09 July, 2020
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... Dunya Hassanein • 09 July, 2020
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... News • 08 July, 2020
Global Storytel acquires Kitab Sawti Swedish audiobook streaming group Storytel, is acquiring UAE-based Arabic audiobook platform Kitab Sawti. Founded in 2016 by Sebastian... News • 08 July, 2020
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... News • 08 July, 2020
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... News • 08 July, 2020
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... News • 08 July, 2020
Global How do you build a company to last? Mudassir Sheikha and Magnus Olsson founded Careem in 2012 initially as a transportation service for the corporate world. It soon became the... Wamda • 07 July, 2020
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,... News • 06 July, 2020
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... News • 06 July, 2020
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... News • 06 July, 2020
U.A.E MidChains closes new funding round Source: The National MidChains, an upcoming Abu Dhabi-based virtual asset trading exchange, said it closed its latest funding round with... News • 06 July, 2020
U.A.E Spotii raises investment from Daman Investments UAE-based “shop now, pay later” startup Spotii has raised investment from Daman Investments. Founded by Anuscha Iqbal and... News • 05 July, 2020
U.A.E GrubTech raises $2 million seed UAE-based GrubTech, a foodtech startup has raised $2 million in seed funding to fund its growth and product development. The... News • 05 July, 2020
Regional In a world of remote work, will control replace culture? Marilyn Zakhour, founder and chief executive officer of UAE-based Cosmic Centaurs At the height of the pandemic, I started a company... Thought Leadership • 05 July, 2020
