Saudi Arabia

Rewaa closes $27 million Series A round led by Wa'ed

Saudi Arabia-based full-stack inventory management platform Rewaa has raised $27 million (SAR100 million) in a Series A funding round,...

News • 29 August, 2023

waaed STC Ventures Rewaa

U.A.E

Compareit4me.com raises $3.5M

Comparison site Compareit4me.com announced today securing $3.5 million from existing investors including Wamda Capital, STC Ventures, Dubai...

Staff writer • 24 May, 2017

Compareit4me.com Investment Wamda Capital

Regional

Middle East Investment Summit explores MENA's VC trends

With the largest B round funding in the history of the Middle East tech ecosystem (41 million dollars for Fetchr) and Amazon’s...

Elias Jabbe • 23 May, 2017

Middle East Investment Summit Fetchr Angus Paterson

Saudi Arabia

Saudi VCs: where we are, where we’re going [Opinion]

“We do not have enough venture capital investors in Saudi”, is a common theme heard from entrepreneurs across the kingdom....

Abdullah Altamami • 12 February, 2017

Venture Capital VC Tadawul

U.A.E

Compareit4me closes $2.4M funding round

The financial comparison site Compareit4me.com has closed a funding round of $2.4 million. According to a statement released by the...

Lucy Knight • 26 September, 2016

Investment Compareit4me.com Wamda Capital

Regional

Car-hailing app Careem raises $60M Series C

[Editor's note: This article has been updated to include details about Careem's peak pricing change.] Middle East-founded...

Rachel Williamson • 10 November, 2015

Wamda Capital Lumia Capital Abraaj Group

Regional

Abraaj closes $375m North Africa fund

The Abraaj Group has closed its second north Africa-focused fund, but the financial gap between early-stage investments and the $10...

Rachel Williamson • 25 August, 2015

series B Leap Ventures Sawari Ventures

Saudi Arabia

Saudi telco STC launches accelerator and incubator

Between August and September, Saudi Telecom Company (STC) will launch InspireU, an accelerator and incubator aimed at developing young...

Reine Farhat • 05 July, 2015

riyadh Demo Day incubators

Turkey

Turkey's Modanisa Islamic fashion ecommerce announces $5.5M investment led by STC Ventures

Last week, Modanisa.com, an Islamic clothing ecommerce website based in Turkey, announced the conclusion of a $5.5 million investment from...

Wamda • 02 March, 2015

citrastyle modanisa ifash

Saudi Arabia

Careem raises $10M led by Saudi Al Tayyar Group

Careem, the Dubai-based ride sharing service a la Uber, announced yesterday that it has raised $10 million investment in a round, led...

Maya Rahal • 04 December, 2014

Al Tayyar Group careem Car Service

Gengo Secures $12 million Investment by Intel Capital, Atomico, STC Ventures, Others

On the heels of STC Ventures’ investment in Acadox last week, Gengo, a global translation platform, has secured $12 million in i...

Nina Curley • 25 April, 2013

Translation STC Ventures Investment

STC Announces First Investment in Saudi-Based Education Platform Acadox

STC Ventures, the venture capital arm of Saudi Telecom Company (STC), has announced investment in Acadox, a Saudi Arabia-based...

Nina Curley • 18 April, 2013

STC Ventures E-Learning Investment