Wamda

Saudi Arabia

Merak Capital invests $82.8 million in SHIFT to spur its growth

Saudi Arabia-based mobility startups SHIFT has raised $82.8 million in investment from Merak Capital. Founded in 2017 by Khalid...

Shift mobility

Morocco

Kwiks secures $827,000 in funding from Azur Innovation

Morocco-based HRtech Kwiks has raised $827,000 in funding from Azur Innovation Management (AIM). Founded in 2013 by Amine Khayatei...

KWIKS Azur Innovation Fund

Morocco

Morocco’s Userguest closes $2.4 million Seed round

Morocco-based SaaS provider Userguest has closed a $2.4 million Seed round, led by Al Mada Ventures and featuring CDG Invest,...

Userguest SAAS Al Mada Ventures

Iraq

The untapped potential of Iraq's startup scene: Insights from Five One Invest’s report

An article by Melissa Graham, Manager of Global Development and Partnerships at Five One Labs Iraq’s entrepreneurial...

Five One Invest oped

Algeria

Algerian edtech LabLabee closes $3.4 million Seed round

Algeria-based edtech LabLabee has raised $3.4 million in a Seed funding round, led by Reach Capital with contributions from Classera and...

LabLabee Reach Capital EdTech

Egypt

Egypt’s SETTLE secures $2 million pre-Seed

Egypt-based fintech SETTLE has raised a $2 million pre-Seed round, led by Shorooq Partners, with support from El Sewedy Capital Holding,...

SETTLE Fintech Shorooq Partners

U.A.E

Plain Tiger raises undisclosed investment from COREangelsMEA

UAE-based B2B marketplace Plain Tiger has raised an investment from COREangelsMEA, a member of COREangels International, for an...

Plain Tiger COREangelsMEA E-commerce

Egypt

Egyptian edtech Farid secures $250,000 pre-Seed

Egypt-based edtech Farid has raised $250,000 in a pre-Seed funding round from Saudi businesswoman Amal bint Abdulaziz...

Farid EdTech

Saudi Arabia

Darent closes a Seed round led by Al Tawuniya Insurance

Saudi Arabia-based proptech Darent has closed an undisclosed Seed funding round, led by Al Tawuniya Insurance, with participation from...

Darent Tawuniya Insurance Proptech

U.A.E

Seez raises $4.2 million to fast-track US expansion plan

Seez, a UAE-based automotive SaaS startup, has raised $4.2 million from several international investors. Founded in 2015 by Tarek...

Seez SAAS

Saudi Arabia

UmrahCash secures $500,000 investment from Adaverse

Saudi Arabia-based fintech for Umrah and Hajj UmrahCash has secured a $500,000 investment from Adaverse. Founded in 2024 by...

UmrahCash Adaverse

Egypt

Paymob secures an extra $22 million for Series B round

Egypt-based fintech Paymob has raised a $22 million Series B extension round, bringing the company’s total Series B funding to $72...

Paymob Fintech EBRD Venture Capital

Saudi Arabia

Saudi proptech HissaTech raises $670,000 pre-Seed

Saudi Arabia-based proptech HissaTech has raised $670,000 in a pre-Seed round, led by unnamed angel investors. Founded in 2024 by Ali...

Hissatech Proptech

U.A.E

FlapKap secures $34 million pre-Series A in a mix of debt and equity

UAE-based fintech FlapKap has raised $34 million in a pre-Series A funding round that included both debt and equity financing. The...

FlapKap Fintech BECO Capital

Oman

IO Kitchens secures $2.8 million in a Seed round

Oman-based cloud kitchen IO Kitchens has closed a $2.8 million Seed funding round, led by Tanmia Small-Cap Fund and supported by a group...

IO Kitchens foodtech cloud kitchen

Regional

MENA startups raise $83 million in August 2024, a 76% MoM decline

As summer cools off, so too has the startup scene in the Middle East and North Africa (MENA). The amount invested in startups in August...

Investment

Tunisia

Tunisia’s Wattnow closes multi-million dollar funding round

Tunisia-based cleantech Wattnow has closed a multi-million dollar funding round, led by Lateral Frontiers and 216 Capital. The round...

Wattnow Lateral Frontiers 216 Capital

Saudi Arabia

Reachware secures $3 million Seed led by Sadu Capital

Saudi Arabia-based SaaS provider Reachware has raised $3 million in Seed funding, led by Sadu Capital, with participation from 500...

Reachware Sadu Capital SAAS

Saudi Arabia

Saudi Syarah closes $60 million in a Series C round

Saudi Arabia-based autotech Syarah has raised $60 million in a Series C round, led by Artal Capital, with participation from Elm,...

Syarah autotech Artal Capital

Saudi Arabia

Saudi fintech Malaa secures $17.3 million Series A

Saudi Arabia-based fintech Malaa has closed a Series A funding round at $17.3 million, led by SNB Capital, with participation from...

Malaa Fintech SNB Capital

U.A.E

Cercli raises $4 million Seed to cement growth plans

UAE-based HRtech Cercli has raised $4 million in a Seed round, led by Afore Capital. The round saw participation from COTU Ventures, Y...

Cercli HRtech Afore Capital

U.A.E

Ziina pockets $22 million in Series A round

UAE-based fintech Ziina has raised $22 million in a Series A funding round, led by US-based Altos Ventures, along with other investors...

Ziina Fintech Altos Ventures

Saudi Arabia

Thakaa Med secures Seed round through Falak Angels

Saudi Arabia-based healthtech Thakaa Med has secured a Seed round investment through Falak Angels syndicate. Founded in 2022 by...

Thakaa Med Falak Angels

U.A.E

Arzan VC funds Hulexo's Seed round

UAE-based ERP provider Hulexo has raised an undisclosed Seed investment round from Arzan VC. Founded in 2021 by Huzaifa Hameed,...

Hulexo Arzan VC

Thought Leadership

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