Wamda

Oman

Oman’s Sharakah joins Beehive’s board as new investor

Oman-based SME developer company Sharakah has come on board with UAE-based fintech Beehive as a new investor. The new partnership will...

beehive Sharakah

Saudi Arabia

Women in Tech programme awards $50,000 to three Saudi female-led startups

Three Saudi Arabia-based female-led startups have been awarded $50,000 in equity-free cash rewards, as part of the Standard Chartered...

women in tech Falak investment hub Standard Chartered

Morocco

Moroccan healthtech DataPathology raises $1 million from Azur Innovation Fund

Morocco-based healthtech startup DataPathology has raised $1 million from Azur Innovation Fund. Founded in 2020 by Mohammed El...

Azur Innovation Fund

U.A.E

Tabby closes new round, upsizes debt facility to $350 million

UAE-based fintech Tabby has upsized its debt facility to $350 million after closing a new financing round led by San Francisco-based...

Tabby Fintech BNPL

Saudi Arabia

SVC allocates $7.5 million to Endeavor Catalyst fund

Saudi Venture Capital (SVC) has allocated $7.5 million to Endeavor Catalyst, the investment arm of Endeavor Global. The allocation is...

SVC Endeavor Catalyst Fund

Morocco

Morocco’s PrestaFreedom raises $1.1 million from Azur Innovation Fund

Morocco-based home services marketplace PrestaFreedom has raised $1.1 million (MDH 11,000,000) from Azur Innovation Fund. Founded in...

PrestaFreedom

U.A.E

Cargoz raises undisclosed bridge round to fuel KSA expansion

UAE-based logistics startup Cargoz has secured an undisclosed bridge funding round from Nama Ventures, RAZ Group and other angel...

Cargoz Nama Ventures RAZ Group

Palestine

Vatrin closes investment round from Ibtikar

Palestine-based Vatrin, has closed the investment it raised from Ibtikar Fund. The amount raised was not disclosed. Founded in 2019 by...

Vatrin Ibtikar Fund

Global

Insider raises $105 million investment led by QIA

Wamda portfolio company Insider, has raised an investment of up to $105 million from Qatar Investment Authority (QIA) and Esas Private...

Insider Wamda Capital QIA

U.A.E

B2B mental health startup Lifemost raises $650,000 pre-Seed round

UAE-based healthtech startup Lifemost has raised a $650,000 pre-Seed funding round from a group of angel investors. Founded in 2022 by...

Lifemost

Qatar

QIA leads Builder.ai’s $250 million Series D round

Qatar Investment Authority (QIA) has led the $250 million Series D funding raised by Builder.ai, along with Iconiq Capital, Jungle...

QIA Builder.ai Qatar Investment Authority

Saudi Arabia

Saudi furniture marketplace Baytonia raises Seed round

Saudi Arabia-based furniture e-commerce platform Baytonia has closed an undisclosed Seed round, led by Khwarizmi Ventures (KV), with...

Baytonia e--commerce furniture

Morocco

Plug and Play increases investment in Morocco’s Chari

Morocco-based B2B e-commerce platform Chari has secured a second round of investment from Plug and Play. The amount invested was not...

Chari e--commerce Plug and Play

Saudi Arabia

Saudi fintech Wosul raises $3.2 million

Saudi Arabia-based fintech Wosul Payments has raised a $3.2 million Seed round led by Khalab’s company along with a group of angel...

Wosul Fintech وصول

U.A.E

Silicon Valley’s Plug and Play invests in UAE’s Clara

UAE-based legaltech startup Clara has received an undisclosed investment from Silicon Valley’s innovation platform “Plug and...

Legaltech Clara Plug and Play

U.A.E

UAE-based fintech TWIG raises seven-figure pre-Seed round

UAE-based fintech TWIG has secured an undisclosed pre-Seed round "exceeding $1 million", backed by Phoenician VC, MMK Capital,...

TWIG Fintech DIFC

Jordan

JoPACC launches fintech incubator in Jordan

The Jordan Payments and Clearing Company (JoPACC) has launched the JOIN Fincubator, a fintech incubator that will support the...

JoPACC Rainmaking Join Incubator

U.A.E

The Digital Hotelier raises pre-Seed round for product development

UAE-based traveltech startup The Digital Hotelier has secured a six-figure pre-Seed round from Select Ventures Holding, alongside a group...

the Digital Hotelier

Egypt

Acasia Ventures leads Balad’s seven-figure pre-Seed round

Egypt-based fintech Balad has raised a seven-figure pre-Seed round led by Acasia Ventures. Other investors in the round included Launch...

Acasia Ventures Balad Fintech

Egypt

Morni invests in Egypt’s Helpoo

Saudi Arabia-based mobility solutions platform Morni, has invested in its Egyptian counterpart, Helpoo. The deal, whose value is...

Morni Helpoo Exits.me

Egypt

Egypt-based VC DisrupTech raises $5 million investment from Proparco

Egypt-based VC fund DisrupTech Ventures has received a $5 million investment from Proparco. Founded in 2021, DisrupTech is an...

Disruptech Proparco

Regional

Mena startups raised $7 million in April 2023

Ramadan is usually a slow month for news and announcements, so it was no surprise that investment announcements would drop in April. What...

Wamda Research Lab

U.A.E

SQUATWOLF raises $30 million from ASCA Capital

UAE-based direct-to-consumer e-commerce brand SQUATWOLF, has raised $30 million in investment from ASCA Capital Limited with a...

gymwear D2C SQUATWOLF

Bahrain

Tarabut Gateway closes $32 million Series A round

Bahrain-founded and UAE-based fintech Tarabut Gateway has closed a $32 million Series A round, led by Pinnacle Capital, with...

Thought Leadership

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

Thank you