Wamda

Jordan

Flat6Labs launches ‘StartMashreq’ initiative to support entrepreneurs across the Levant region

Seed investor and accelerator Flat6labs, in partnership with the International Finance Corporation (IFC) and the government of the...

Flat6Labs ifc

Bahrain

Procural raises $1.2 million Seed

Bahrain’s Procural has raised a $1.2 million Seed round led by Flagship Holding and Canada-based BenchMatrix. Founded in...

Procural

Saudi Arabia

Emkan launches $31 million fund to back early-stage startups

Saudi Arabia-based VC firm Emkan Capital has announced the close of its $31 million Emkan Capital Fund I (ECP I). ECP I aims to invest...

Emkan Capital Emkan Capital Fund I Jada Fund of Funds

Saudi Arabia

Ygii raises pre-Seed round led by Flat6Labs

Saudi Arabia-based social commerce platform Ygii has secured a pre-Seed round from Flat6labs, with participation from a group of angel...

Ygii

Jordan

ISSF invests $5 million in Middle East Venture Fund IV

Innovative Startups and SMEs Fund (ISSF) has invested $5 million in Middle East Venture Fund IV (MEVF IV), a $150 million fund recently...

ISSF MEVP

U.A.E

Kitopi acquires AWJ Investments

UAE-based cloud kitchen operator Kitopi has acquired Dubai-founded food and beverage (F&B) group AWJ. The financial details of the...

Kitopi

U.A.E

Careem suspends operations in Qatar

UAE-based superapp Careem has suspended its operations in Qatar. The Uber-backed app launched its service in Qatar in 2013, a year...

careem

Saudi Arabia

Amwal raises $2.5 million pre-Seed round

Saudi Arabia-based fintech Amwal has secured $2.5 million in a pre-Seed round co-led by Shorooq Partners and Outliers Venture Capital...

Outliers Venture Capital Shorooq Partners Amwal

Iraq

Iraq’s Orisdi closes $220,000 Bridge round

Iraq-based e-commerce platform Orisdi has raised $220,000 in a Bridge round. The round was closed in January and saw participation...

Orisdi closes $220 000 Bridge round Orisdi

Morocco

KOOLSKOOLS raises $960,000 from Azur Fund

Morocco-based edtech KOOLSKOOLS has secured a $960,000 (MAD 10 million) investment from Azur Innovation Fund. Founded in 2020 by...

KoolSkools Azur Innovation Fund EdTech

U.A.E

Nadeera raises $200,000 through Beban TV show

UAE-based cleantech Nadeera has received a $200,000 investment from Bahraini VC firm Hope Ventures during an episode of the Beban...

Nadeera Beban Hope Ventures

Saudi Arabia

Munjz closes $5 million Series A round

Saudi Arabia-based proptech Munjz, has closed a $5 million Series A round, led by undisclosed investors, in addition to Vision Venture,...

Saudi Arabia Munjz Proptech

Bahrain

Parcel raises $1 million through Beban TV show

Bahrain-based last mile provider Parcel, has raised $1 million from Hope Ventures, along with Jahez and Cari, during an episode of...

Parcel Jahez Cari

Egypt

tabby halts operations in Egypt

UAE-based buy now and pay later (BNPL) startup tabby, has shut down its operations in Egypt five months after launching its service in the...

Tabby Fintech BNPL

Egypt

Hollydesk raises $1 million venture debt

Egypt-based fintech Hollydesk has raised $1 million in venture debt financing from unknown investors. Founded in 2020 by Mahmoud...

Hollydesk Fintech

U.A.E

India’s makeO acquires UAE-based Smileneo

India-based healthtech makeO has acquired UAE-based healthtech Smileneo, for an unknown sum. Founded in 2019 by Jonathan Doerr,...

makeO Smileneo healthtech

U.A.E

8X Ventures to deploy $20 million in Mena cleantech startups

UAE-based VC firm 8X Ventures plans to deploy $20 million in the Mena region's climate tech and cleantech startups. It also plans to...

clean tech 8x Ventures

Regional

COREangles launches COREangels MEA to invest in startups in the Middle East, Africa

COREangels, a global community of angel funds and investors has launched the COREangels MEA to target investments in early-stage...

COREangels

Global

KBW Ventures invests in Rebellyous Food’s $9.5 million round

UAE-based KBW Ventures, founded by HRH Prince Khaled bin Alwaleed bin Talal Al Saud, has invested in a $9.5 million equity round for...

KBW Ventures

Saudi Arabia

Saudi mobility startup Telgani closes $6 million Series A round

Saudi Arabia-based mobility startup Telgani has closed a $6 million Series A funding round, co-led by Hala Auto and Elm...

Telgani Hala Auto Elm Company

U.A.E

e& acquires UAE-based ServiceMarket

etisalat by e&, has fully acquired UAE-based household marketplace, ServiceMarket. Founded in 2013 by Bana Shomali and Wim...

e& etisalat ServiceMarket

U.A.E

SANTECHTURE raises investment from Shorooq Partners and Gulf Capital

UAE-based healthtech SANTECHTURE has raised investment from Gulf Capital (GC) and Shorooq Partners. The amount raised was not...

SANTECHTURE Shorooq Partners Gulf Capital

U.A.E

Abu Dhabi launches $2 billion Hub71+ Digital Assets to accelerate Web3 startups

Abu Dhabi’s Hub71, has launched Hub71+ Digital Assets, a dedicated Web3 specialist ecosystem, with more than $2 billion of capital...

uae HUB71+ DIGITAL ASSETS FAB

Egypt

Mobile Masr raises $500,000 Seed round

Egypt-based e-commerce platform Mobile Masr has raised a $500,000 Seed round from a group of angel investors based in the UAE and Qatar,...

MobileMasr

Thought Leadership

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

Thank you