Wamda

Saudi Arabia

Barakah raises $1.5 million Seed round for its food waste solution

Saudi Arabia-based foodtech startup Barakah has raised a $1.5 million Seed round led by Hambro Perks Oryx Fund, with participation from...

Barakah

U.A.E

GAM3S.GG raises $2 million Seed round

UAE-based Web3 gaming platform GAM3S.GG, has closed a $2 million Seed funding round, led by Mechanism Capital with the participation...

GAM3S.GG Gaming

Regional

Mena startups raised $101 million in August 2023

Startups in the Middle East and North Africa region (Mena) raised $101 million across 26 deals, a six per cent increase month-on-month in...

investments

U.A.E

Pulsar Capital acquires controlling stake in TruDoc

Pulsar Capital has acquired a majority stake in UAE-based healthtech TruDoc. Founded in 2011 by Raouf Khalil, TruDoc is a telehealth...

TruDoc Pulsar Capital healthtech

U.A.E

myZoi raises$14 million, obtains regulatory licences

UAE-based fintech myZoi has raised $14 million from SC Ventures and SBI Holdings. Founded in 2022 by Christian Buchholz and Syed...

myZoi SC Ventures Fintech

Egypt

ariika raises Series A round from Beltone for 20 per cent stake

Egypt-based home décor e-commerce platform ariika has closed a Series A equity funding round, secured from Beltone Venture...

ariika Beltone E-commerce

Morocco

Moroccan edtech Smartprof raises investment from Fuze

Morocco-based edtech Smartprof has raised investment from Fuze. The amount raised was undisclosed. Founded in 2018 by Homza Faiz and...

SmartProf EdTech Fuze

Egypt

Egypt’s Sehatech raises $850,000 in funding

Egypt-based health insurtech Sehatech has raised a $850,000 round from A15 and Beltone Venture Capital, a subsidiary of Beltone Holding...

Sehatech Insurtech

Kuwait

Kuwaiti fintech Kem raises $1 million pre-Seed round

Kuwait-based fintech Kem has raised a $1 million pre-Seed round from a group of investors led by Maqamees Holdings. Founded in 2021 by...

Kem Fintech p2p

Egypt

HEDG raises six-figure pre-Seed round

Egypt-based fintech HEDG has raised a six-figure pre-Seed funding round from undisclosed investors based in Egypt and Saudi...

HEDG Fintech

U.A.E

UAE’s Lyvely raises Seed round from Cypher Capital

UAE-based Lyvely has raised a Seed round from early-stage VC firm, Cypher Capital. As part of the transaction, Bijan Alizadeh,...

Cypher Capital

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,...

waaed STC Ventures Rewaa

U.A.E

Maly secures $1.6 million pre-Seed to speed up GCC expansion plans

UAE-based fintech MALY has raised $1.6 million in pre-Seed funding from a group of regional angel investors. Established in 2022 by Mo...

Maly Fintech

Morocco

Moroco’s SLE3TI raises funding from Cash Plus VC Fund

Morocco-based SLE3TI has raised fresh funding from the Cash Plus VC Fund, the corporate venture capital arm of financial technology...

Sl3ti

Tunisia

Tunisian contech SeekMake raises $539,000 to accelerate global expansion

Tunisia-based contech startup SeekMake has raised $539,000 round led by European private equity firm, Lafayette Group, with support from...

SeekMake

U.A.E

e& capital invests in AI startup Ikigai Labs

UAE-based VC firm e& capital, the VC arm of communication company e&, has participated in the $25 million Series A of the...

e& capital Ikigai Labs

U.A.E

BitOasis secures new investment from CoinDCX and Wamda Capital

UAE-based cryptocurrency exchange platform BitOasis has raised new investment from CoinDCX, India’s highest valued crypto...

Bit Oasis Cryptocurrencies crypto

U.A.E

e& capital invests $5 million in Maxbyte’s Series A round

UAE-based robotics solutions provider Maxbyte has raised a $5 million Series A from e& capital. Founded in 2016 by...

e& capital Maxbyte robotics

Saudi Arabia

Saudi traveltech startup Flyakeed raises $15.2 million Series A round

Saudi Arabia-based traveltech startup FlyAkeed has raised $15.2 million (SAR 57 million) in a Series A round led by PIF’s Sanabil...

FlyAkeed PIF Sanabil Investments

Regional

Anghami receives additional $5 million investment from SRMG Ventures

Lebanon-founded and UAE-based music streaming platform Anghami has raised a $5 million investment from Saudi VC firm SRMG...

anghami SRMG VENTURES

Saudi Arabia

Saudi Arabia launches $200 million fund to back local, foreign high-tech startups

Saudi Arabia’s Crown Prince Mohammed bin Salman has launched a $200 million (SAR750 million) fund for early-stage investment in...

KAUST Innovation

Regional

Singapore’s Antler launches $60 million Menap Fund

Singapore-based VC firm Antler has launched a $60 million Middle East North Africa and Pakistan (Menap)-focused fund to invest in the...

Antler MENAP VC fund

Jordan

ISSF invests $1.5 million in Sadu Capital to invest in Jordanian startups

Jordan’s Innovative Startups and SMEs Fund (ISSF) has committed $1.5 million to Saudi Arabia-based Sadu Capital’s...

Sadu Capital ISSF

U.A.E

Generative AI Lumi raises first round of funding ahead of launch

UAE-based Lumi AI has closed its first round of funding from New York-based B2B SaaS investors Forum Ventures and UAE-based Annex...

Lumi

Thought Leadership

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

Thank you