Wamda

Saudi Arabia

Wadi Makkah invests in Bab Makkah and Tarteel

Saudi Arabia-based Wadi Makkah Ventures has invested 250,000 SAR ($65,000) in a pre-Series A round for Bab Makkah, as well as SAR 200,000...

Wadi Makkah Bab Makkah ecommerce

U.A.E

Udrive raises $1.3 million in ongoing Series A round

UAE-based car-rental platform Udrive has raised $1.3 million from 186 investors via crowdfunding platform, Eureeca. The investment is part...

udrive car rental Covid19

Global

Global Ventures invests in Kenya’s Ilara Health

Source: Disrupt Africa Kenyan e-health startup Ilara Health has raised a US$3.75 million Series A funding round to expand its diagnostic...

Global Ventures African Startups healthtech

Global

KBW Ventures invests in TurtleTree Labs’ $6.2 million pre-Series A

UAE-based KBW Ventures, has participated in the $6.2 million pre-Series A funding round for Singapore-based TurtleTree Labs, a...

KBW Ventures Prince Khaled bin Alwaleed bin Talal Al Saud TurtleTree Labs

Jordan

GasNas, Unihance raise $200,000

Jordan-based StartLabz, a pre-seed incubator and the venture arm of Startappz, has secured $200,000 seed funding for two of its startups:...

EdTech StartLabz pre-Seed

Saudi Arabia

Morni raises $9.1 million in Series B

Saudi Arabia-based mobility solutions platform Morni, has raised SAR34.3 million ($9.1 million) in a Series B funding round, led by GSquare...

Morni Mobility solutions series B

Global

Wahed Invest acquires UK digital banking app Niya

Source: Reuters Wahed Inc, a U.S.-based Islamic-finance fintech startup backed by Saudi Aramco, will acquire Niyah Ltd, a British...

Wahed Islamic economy Aramco

Regional

TruKKer raises $10 million venture debt from US-based Partners for Growth

UAE-based on-demand truck aggregator TruKKer, has raised a $10 million strategic venture debt from San Francisco-based specialty lending...

Trukker freight Logistics

Global

Spotii receives investment from Australia's Zip

UAE-based buy now, pay later (BNPL) startup Spotii, has received a strategic investment from Australia-based BNPL company Zip. Zip,...

Buy now pay later Spotii Zip

Egypt

Sigma Fit raises fresh funds

Egypt-based sportswear company Sigma Fit, has raised new funds from its compatriot investment company, Innlife...

Sigma Fit sportswear

Global

Calega Ventures invests in India-based Callify.ai

Source: YourStory Mumbai-based smart calling platform for working professionals Callify.ai on Tuesday said it has raised a seed funding...

Callify.ai Calega Ventures Seed funding

U.A.E

360VUZ raises bridge round investment

UAE-based Immersive video mobile app 360VUZ, has raised an undisclosed amount of funding as part of a bridge round from Knollwood,...

360vuz Bridge round

Jordan

Progressive Generation raises pre-Series A investment for its kids-safe streaming platform

Jordan-based production house and investment firm Progressive Generation, has raised an undisclosed pre-Series A funding round from Oman...

Progressive Generation VOD OTF

U.A.E

Alpha Wave invests in India's DealShare

Source: Laffaz India-based social commerce startup DealShare, on Tuesday announced that the company has raised $21 million in its...

Alpha Wave DealShare Series C

Egypt

Uber Egypt achieves 80 per cent recovery rate

Uber Egypt has achieved a recovery rate of 80 per cent, Uber Egypt’s general manager Ahmed Khalil announced at RiseUp Summit 2020,...

Uber Egypt Covid19 Rise Up 2020

U.A.E

Capria invests in Global Ventures' second fund

Seattle-based global investment fund of funds Capria Ventures (Capria) has invested in UAE-based venture capital firm Global...

Capria Global Ventures

U.A.E

Urent raises pre-Series A investment

UAE-based vehicle-sharing and car rental app Urent, has raised a seven-figure pre-series A funding round from an undisclosed serial...

Urent car rental

Regional

Startup Istanbul launches $10 million fund to invest in Mena-based startups

Istanbul-based event organiser and seed investor Startup Istanbul is raising a $10 million VC fund, targeting startups in the Middle East...

startup istanbul Seed funding MENA

Regional

GELLIFY to launch €20 million Mena fund

Italy’s GELLIFY, a B2B software startup focused accelerator and investor is launching a fund for the Middle East region in...

GELLIFY b2b

Saudi Arabia

QVM raises seed funding

Saudi Arabia-based QVM has raised an undisclosed Seed round led by Awab Holding Company with additional participation from angel...

قطع غيار السيارات QMV

Egypt

LCP acquires minority stake in Dsquares

Source: WAYA Marking its first investment, LCP Fund II (LCP) announces today the acquisition of a significant minority...

LCP Dsquares customer loyalty

Global

Saudi Aramco Energy Ventures invests in US-based Dragos

Source: TechCrunch Cybersecurity firm Dragos has raised $110 million in its Series C, almost triple the amount that it raised two...

Dragos cybersecurity Saudi Aramco Energy Ventures

Kuwait

eMushrif raises $2.3 million in Series A

Oman-based eMushrif has secured $2.3 million in a Series A funding round, led by IDO Investments, with participation from Phaze Ventures,...

eMushrif cMushrif IoT

Egypt

Source Beauty raises seed funding

Egypt-based beauty e-commerce platform Source Beauty has raised a six-figure seed funding round from Geneva-based ACE & Company and a...

SourceBeauty ecommerce middle east

Thought Leadership

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

Thank you