Wamda

U.A.E

Sharjah launches media-focused venture builder “Shams Valley”

Sharjah Media City (Shams), in collaboration with Grow Valley, has announced the launch of Shams Valley, a venture-builder studio that...

Sharjah Media City SHAMS

Jordan

Jordan’s Telescope raises Seed funding to expand to UAE, Saudi Arabia

Jordan-based content creation incubator Telescope, has raised an undisclosed Seed round from UAE-based Select Venture...

Telescope

Egypt

B2B startup Suplyd raises $1.6 million pre-Seed round

Egypt-based restaurant logistics startup Suplyd, has raised a $1.6 million pre-Seed round led by Endure Capital, Seedstars, Camel...

suplyd

Regional

Startups in Mena raised $439 million in November 2022

Startups in the Middle East and North Africa region (Mena), raised $439 million in November 2022 across 39 deals. On a...

Investment

Egypt

Saudi-based Jumlaty and Egypt’s Appetito merge into new entity, NOMU

Saudi-based grocery delivery startup Jumlaty and Egyptian counterpart Appetito have announced their merger to create a new company,...

Jumlaty Appetito

U.A.E

The Dubai Future District Fund launches venture fellowship programme for Emiratis

The Dubai Future District Fund (DFDF) has launched a venture capital-focused fellowship programme, designed to equip Emirati...

Dubai Future District Fund

U.A.E

Morningstar Ventures invests $5 million in digital art gallery

UAE-based VC firm Morningstar Ventures, has invested $5 million in 37xDubai, an interactive and immersive digital art gallery to be open...

Morningstar Ventures NFT 37xDubai

U.A.E

Letswork raises $2.1 million Seed, expands to Saudi Arabia

Dubai-based marketplace for shared spaces Letswork has raised a $2.1 million Seed round, announcing the expansion of its operations to...

Letswork

U.A.E

Secret Skin raises $765,000 pre-Seed

UAE-based skincare sustainable beauty platform Secret Skin, has raised $765,000 in a pre-Seed funding round, led by angel investors,...

Secret Skin Beauty skin care

Regional

Saudi fintech PayTabs acquires Turkey’s Paymes

Saudi Arabia-based fintech PayTabs, has fully acquired Turkish social commerce platform Paymes for an unknown amount. Under the terms...

paytabs Fintech Paymes

U.A.E

Moove raises $30 million from debut sukuk for UAE expansion

Nigeria-based mobility fintech and Moove is raising $30 million through its first Sukuk issuance arranged by Franklin Templeton...

Moove Nigeria Mobility Fintech

Global

How can investors use data science?

Dmitry Kaminskiy is the general partner at Deep Knowledge Group, a UK-based consortium of commercial and non-profit organisations active in...

big data AI

Morocco

Morocco’s Justyol raises $350,000 pre-Seed round

Morocco-based e-commerce Justyol, has raised a follow-on of $350,000 in a pre-Seed round from Earn Rocket Investment Holding. Founded...

Justyol Earn Rocket E-commerce

Global

KBW Ventures co-leads $12.3 million Series A round in US-based Black Sheep Foods

UAE-based KBW Ventures, founded by HRH Prince Khaled bin Alwaleed bin Talal Al Saud, has co-led a $12.3 million Series A round for...

KBW Ventures

U.A.E

Modus leads Koble’s $1.2 million pre-Seed round

UAE-based VC Modus, has led the $1.2 million pre-Seed funding round for UK-based investment firm Koble alongside Belgium-based VC...

Koble Modus Venture Capital

Regional

Revival Lab launches $40 million fintech-focused VC builder and fund

Saudi Arabia-based Revival Lab will establish “Fin-tactics Ventures", a venture builder specialised in fintech, insuretech...

Revival Lab Fin-tactics Ventures

Bahrain

Calo raises $13 million pre-Series A round

Bahrain-based foodtech Calo, has raised a $13 million pre-Series A round led by Nuwa Capital and STV. Other investors participating in...

Calo Nuwa capital foodtech

Regional

Seedstars launches platform to develop VC managers in emerging markets

Switzerland-based Seedstars has launched its investment arm “Seedstars Capital” for emerging VC fund managers across the...

seedstars Venture Capital

Egypt

SIDEUP raises $1.2 million Seed, relocating HQ to Riyadh

Egypt-based logistics platform SIDEUP, has raised a $1.2 million Seed round from Launch Africa VC, 500 Global, Riyadh Angels, Alex...

SIDEUP 500 Global E-commerce

Egypt

OneOrder raises $3 million Seed

OneOrder, an Egypt-based B2B marketplace that connects restaurants to suppliers, has raised a $3 million Seed round led by Nclude as...

OneOrder

U.A.E

Kitopi sacks 93 employees as diners head back to restaurants

Dubai-based cloud kitchen operator Kitopi, has laid off 10 per cent of its head officd workforce, amounting to 93 employees, according...

Kitopi

Egypt

500 Global opens an office in Egypt, partners with ITIDA to launch support programmes for local startups

US-based venture capital firm 500 Global is set to open an office in Egypt and has recently partnered with Information Technology...

500 Global

U.A.E

Fenix Games raises $150 million investment

UAE-based gaming platform Fenix Games, has raised $150 million in investment, led by Phoenix Group and Cypher Capital. Founded in 2022...

Fenix Games Gaming

Global

SWVL slashes over 50 per cent of its workforce, shuts operations in Pakistan

UAE-based mass mobility services provider, SWVL, has laid off over 50 per cent of its staff, in a recent round of layoffs conducted by...

Swvl

Thought Leadership

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

Thank you