Wamda

Global

Islamic Coin raises $200 million from ABO Digital

Switzerland-based cryptocurrency developer Islamic Coin has raised $200 million in private equity from Alpha Blue Ocean’s ABO...

Islamic Coin ABO Digital

Morocco

Morocco’s Chari raises $1.5 million from Verof-Kepple Africa Ventures

Morocco-based B2B e-commerce and fintech startup Chari has raised $1.5 million from Verof-Kepple Africa Ventures. The investment...

Chari

U.A.E

Logistics provider Transportr closes eight-figure Seed round

UAE-based logistics platform Transportr, has completed an eight-figure Seed funding round by Ittihad Ventures Holding, the VC arm of...

Transportr Logistics freight

Egypt

Saudi VMS acquires minority stake in Egyptian accelerator Cash Cows

Saudi VMS, a startup accelerator based in Saudi Arabia, has acquired a minority stake in its Egyptian counterpart, Cash Cows. The...

Cashcows

Bahrain

UAE’s HashMove raises pre-Series A round led by Bunat Ventures

UAE-based logistics platform HashMove has raised an undisclosed pre-Series A round, led by Bahrain’s Bunat Ventures in...

Bunat Ventures HashMove Logistics

Oman

UzOman invests in ZOOD

UzOman, a joint investment fund between Omani and Uzbek Sovereign Wealth Funds, has invested an undisclosed amount in Switzerland-based...

UzOman Zood

Egypt

Egypt’s Agel raises pre-Seed round for its Shariah-compliant fintech platform

Egyptian fintech startup Agel has raised a seven-figure pre-Seed round from Plus Venture Capital (+VC) and Seedstars International...

Agel

Egypt

Egypt’s TFK acquires Opio to create all-in-one ecosystem

Egypt-based fashion e-commerce marketplace The Fashion Kingdom (TFK) has acquired OPIO, a direct-to-consumer (D2C) fashion brand, for an...

Opio TFK The Fashion Kingdom

Egypt

DMZ Cairo, EBank launch fintech bootcamp for Egyptian startups

DMZ Cairo has partnered with the Export Development Bank of Egypt (EBank) to launch a fintech bootcamp for early-stage Egyptian startups...

DMZ Cairo

Egypt

Acasia Angels invests in UK medtech Precision Cardiovascular

Egypt-based angel investment group “Acasia Angels” has participated in the $750,000 Seed round in UK-based medtech Precision...

Acasia Angels Precision Cardiovascular medtech

Egypt

Egypt announces five-year tax exemption for startups

President Abdul Fattah El Sisi has announced a five-year tax exemption for startups, with an aim to boost the country’s ecosystem...

Egyptian ecosystem Startups in Egypt

Bahrain

KFED partners with Hope Ventures to expand Beban show in UAE

Khalifa Fund for Enterprise Development (KFED) has partnered with Bahrain-based Hope Ventures to expand its reality television show...

Biban

U.A.E

EDB launches agritech AED100 million lending programme

Emirates Development Bank (EDB) has launched an agritech-focused Dh100 million ($27 million) lending programme, targeting different...

EDB

Saudi Arabia

Plug and Play to launch $100 million fund to invest in Saudi startups

Silicon Valley-based tech investor Plug and Play Tech Center announced that it will establish a $100 million fund to invest in Saudi...

Plug and Play

Saudi Arabia

SVC invests $30 million in Bedaya Fund II

Saudi Venture Captial (SVC) has invested $30 million in Shorooq Partner’s recently launched $150 million Bedaya Fund II. The...

SVC

U.A.E

Instashop acquires B2B wholesale marketplace GroCart

UAE-based q-commerce startup InstaShop has acquired GroCart, a B2B marketplace that connects FMCG retailers with wholesalers. The value...

instashop Grocart

Morocco

Morocco’s Colis.ma receives $50,000 from Kenya-based accelerator The Baobab Network

Morocco-based logistics startup Colis.ma has received $50,000 from Kenya’s The Baobab Network as part of its accelerator...

Colis.ma

Saudi Arabia

Jada Fund of Funds invests in Investcorp’s $500 million Saudi pre-IPO growth fund

Jada Fund of Funds, a subsidiary of Saudi Arabia's Public Investment Fund (PIF) has invested in Bahrain's Investorcorp, a $500...

PIF Jada Fund of Funds

U.A.E

Onex secures $1.2 million pre-seed funding round

UAE-based healthtech Onex has raised $1.2 million in its recent pre-Seed funding round, led by Hambro Perks Oryx Fund with participation...

Onex Oryx Fund healthtech

Bahrain

Bahrain’s Tenmou exits five portfolio startups

Bahrain-based angel investor Tenmou has announced the partial and full exit of five portfolio startups. Startups that were fully...

Tenmou

Global

Saudi Arabia and South Korea launch $160 million startup fund

South Korea and Saudi Arabia have announced the creation of a joint fund worth $160 million to invest in both South Korean and Saudi...

Saudi-South Korean startup fund

Global

Acasia Ventures launches office in Lagos

Egypt’s Acasia Ventures, formerly Cairo Angels, has opened an office in Lagos, Nigera, in an effort to expand the firm’s...

Acasia Ventures

Global

Nama Ventures invests in Nigerian startups, Messenger and Termii

Saudi Arabia-based Nama Ventures led a pre-Seed round for Nigeria’s logistics startup, Messenger, and participated in a $3.6 million...

Nama Ventures

Egypt

Logistics startup Trella raises $3.5 million from Avanz Capital Egypt

Egypt’s marketplace for trucks, Trella, has raised $3.5 million from newly-launched private equity fund Avanz Capital Egypt. The...

Trella

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