Wamda

Regional

Startup funding in 2023 slows down in majority of Mena markets

Startup funding in the Middle East and North Africa (Mena) saw a decline in all but three countries. While the overall amount raised grew...

Investment

Regional

Debt financing pushes December 2023 investment to $1.15 billion

Sixty startups across the Middle East and North Africa region (Mena) raised a mammoth $1.15 billion, the highest amount recorded for the...

Investment

Saudi Arabia

Tameed closes $15 million Series A from Alromaih Investments

Saudi Arabia-based fintech Tameed has raised $15 million in a Series A round, led by Alromaih Investments. Founded in 2019 by Mohammed...

Tameed Fintech

U.A.E

Phoenix acquires 25 per cent stake in Lyvely

UAE-based cryptocurrency mining and blockchain company Phoenix Group PLC has acquired a 25 per cent stake in the social networking and...

Phoenix Group Lyvely

Lebanon

Jedo acquires Jump-in App to penetrate Saudi market

Lebanon-founded and Netherlands-based travel app Jedo has acquired the Saudi app Jump-in for an unknown amount. Founded in 2022 by...

Jedo Jump-in App Tourism

Global

Aramco’s Prosperity7 Ventures leads China’s Cispoly $14 million Series B round

Prosperity7 Ventures, a $1 billion growth-stage fund of Saudi energy and petrochemical enterprise Aramco, has led a $14 million series B...

Aramco

U.A.E

Micropolis Robotics to file for IPO, plans a $37 million fundraise

Dubai-based robotics manufacturer Micropolis Robotics announced plans to file for an initial public offering on the New York Stock...

Micropolis Robotics

Saudi Arabia

Riyadh Valley Company invests in IMPACT46 Fund III

Saudi Arabia’s Riyadh Valley Company, the investment arm of King Saud University, has pledged an undisclosed investment in...

Impact46 Riyadh Valley Company IMPACT46 Fund III

Egypt

T-Vencubator launches in Egypt to invest in local startups

T-Vencubator, a VC-incubator fund, has launched in Egypt to invest in and support the growth of local startups. The fund’s first...

T-Vencubator

U.A.E

UAE’s Zeroe raises $2.2 million Seed round

UAE-based cleantech Zeroe, has raised $2.2 million in a Seed round led by Indonesian investor Owen Rahadiyan. Founded in early 2023 by...

Zeroe Cleantech Decarbonisation

Saudi Arabia

Tabby announces pre-IPO $700 million debt facility from J.P. Morgan

UAE-founded and Saudi Arabia-headquartered fintech Tabby has secured a $700 million debt financing round from J.P. Morgan, ahead of its...

Tabby

Saudi Arabia

Soum raises $18 million Series A round led by Jahez

Saudi Arabia-based re-commerce marketplace Soum, has raised $18 million in Series A funding in a round led by Jahez, with...

Recommerce re-commerce Soum

Saudi Arabia

Saudi fintech Hakbah raises $5.1 million Series A

Saudi Arabia-based fintech Hakbah, has raised $5.1 million in Series A funding, bringing the company’s funding raised to date to...

Hakbah VentureSouq Fintech

Saudi Arabia

Saudi fintech Spare raises $3 million to fuel expansion

Saudi Arabia-based fintech startup Spare has raised a $3 million round led by Vision Ventures with participation from Wa'ed...

spare Fintech Open banking

Saudi Arabia

Saudi Arabia’s Velents raises Seed round

Saudi Arabia-based HRtech Velents, has closed a Seed round for an undisclosed amount, led by A15 with participation from Nibras Capital,...

Velents HRtech A15

Saudi Arabia

Jada Fund of Funds invests in Iliad Partners Tech Ventures Fund I

Jada Fund of Funds, a subsidiary of Saudi Arabia's Public Investment Fund (PIF), has invested in Iliad Partners Tech Ventures Fund...

Jada Fund of Funds

U.A.E

Trends by LuckyDodo secures $1 million investment

UAE-based analytics platform Trends, backed by LuckyDodo, has secured $1 million in funding from several investors at the DIFC...

Trends LuckyDodo SAAS

Saudi Arabia

Tamara raises $340 million Series C round at over $1 billion valuation

Saudi Arabia-based buy now pay later (BNPL) startup, Tamara, has raised a $340 million Series C round at a valuation of over $1...

Tamara

Egypt

Chefaa raises $5.25 million investment to solidify presence in Saudi Arabia

Egypt-based healthtech Chefaa, has secured a $5.25 million investment, co-led by Newtown Partners (South Africa) and Global Brain...

Chefaa healthtech

Saudi Arabia

Saudi Arabia’s Pd7 raises $1 million to fuel expansion

Saudi Arabia-based sports startup Pala De 7 (Pd7) has raised SAR 3,750,000 ($1 million) in investment, led by Grintafy, AlTahan and...

Pala De 7 Pd7 Grintafy

U.A.E

UAE’s Terra raises $2 million Seed

UAE-based electric mobility company Terra, has raised a $2 million Seed round from a group of angel investors. Founded in 2021 by...

Terra

U.A.E

US-based Mercer acquires UAE’s The Talent Enterprise

US-based talent and workforce management enterprise has acquired The Talent Enterprise (TTE), a psychometric and talent assessment...

The Talent Enterprise

Global

Mubadala Capital participates in Andalusia Labs’ $48 million Series A

Abu Dhabi’s $280 billion global sovereign fund, Mubadala Capital, has participated in the $48 million Series A funding round...

Mubadala Capital Andalusia Labs Blockchain

U.A.E

UAE’s Fundbot raises $1.5 million Seed

UAE-based fintech Fundbot, has raised a $1.5 million Seed round led by Hambro Perks Oryx Fund, with further support from Aditum...

Fundbot Fintech B2B lending

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