Wamda

Bahrain

Al Waha Fund, Hambro Perks launch fintech venture studio

Bahrain's Al Waha Fund of Funds has partnered with UK investment firm Hambro Perks, to launch HP Spring Studios, a fintech venture...

Al Waha Fund of Funds Hambro Perks HP Spring Studios

Jordan

Sowt Media acquires UAE’s Finyal Media

Jordan-based Sowt Media has acquired UAE-based podcast production company Finyal Media for an undisclosed amount, financed by the US...

Finyal Sowt Media production

Jordan

Jordan’s liwwa closes $18.5 million pre-Series B round

Jordan-based fintech liwwa has closed an $18.5 million pre-Series B round of equity and debt. The $4.5 million in equity investment was...

liwwa

Egypt

Medical training platform 5 Quarters raises Seed round

Egypt-based edtech 5 Quarters has raised an undisclosed Seed round from a Saudi angel investor. Founded in 2016 by Mohamed Salah and...

5 Quarters EdTech

Regional

Mena startups raised $378 million in August 2022

Startups in the Middle East and North Africa region (Mena) raised $378 million across 33 deals, a 260 per cent increase in funding value...

Investment and acquisitions

Jordan

UAE-based fintech Ziina set to expand to Jordan

UAE-based fintech Ziina will extend its services to Jordan. Founded in 2020 by Faisal Toukan and Sarah Toukan, Ziina helps...

Fintech Ziina

Egypt

Endure Capital closes first round of $50 million fund

Egypt-based Endure Capital has completed the first close of its new $50 million fund to invest in early-stage startups across Africa....

Endure Capital MSMEDA Endure 21

Saudi Arabia

TruKKer raises $100 million pre-IPO round

Saudi Arabia-based digital freight network TruKKer, has raised $100 million in a pre-IPO round, led by Bahraini investment firm...

Trukker Investcorp freight

Jordan

SVC invests in Jordan's Propeller's second fund

Saudi Venture Capital (SVC) has invested in Jordan-based Propeller's second fund. The value of the investment was not...

Propeller SVC

Egypt

Flat6Labs, SANAD launch agritech accelerator in Egypt

Egypt-based VC Flat6labs and SANAD Entrepreneurship Academy have launched an agritech accelerator programme to assist 10 to 12 startups...

Flat6Labs SANAD Agriculture

U.A.E

UAE’s Tabby expands to Egypt

UAE-based fintech Tabby has expanded to Egypt, announcing partnerships with several retailers to offer shoppers the chance to pay for...

Tabby BNPL

Egypt

Egyptian car service app 3atlana closes Seed round

Egypt-based car service app 3atlana, has raised a six-figure Seed round from Egypt’s automotive company Ghabbour Auto. Founded...

3atlana Ghabbour Auto autotech

Egypt

Egypt's el-dokan raises $550,000 pre-Seed round

Egypt-based el-dokan, a company that specialises in enterprise e-commerce solutions, has raised a $550,000 pre-Seed round led by a group...

el-dokan

Egypt

Carzami raises pre-Seed investment from Contact Financial Holding

Egypt-based second-hand cars marketplace Carzami has raised a pre-Seed round led by Contact Financial Holding. The amount raised was not...

Carzami Contact Financial Holding autotech

U.A.E

CarLogik raises $272,000 pre-Seed round

UAE-based autotech CarLogik, has raised $272,000 in a pre-Seed round funded by angel investors. Founded in March 2022 by Ali Omari and...

CarLogik autotech

Egypt

Edtech Emonovo raises bridge round to grow its platform matching students with universities

Egypt-based edtech Emonovo (formerly MARJA3), has raised a new bridge led by angel investors from across the Middle East and North...

Emonovo

Saudi Arabia

Aramco’s Wa’ed Ventures co-invests €13 million Series A round in OQ Technology

Luxembourg-based 5G satellite operator OQ Technology, has closed a €13 million Series A funding round co-led by Saudi...

Wa’ed Ventures Aramco OQ Technology

U.A.E

Stake raises $8 million pre-Series A round

UAE-based proptech Stake, has secured $8 million in pre-Series A funding round, backed by MEVP and BY Ventures, with participation from...

Stake Proptech

Egypt

KarmSolar announces new minority stake round

Egypt-based solar energy company KarmSolar, has initiated a round of capital increase, supported by US-based Synergy Consulting as the...

KarmSolar solar energy Synergy Consulting

Egypt

Egypt’s Zeew raises $630,000 Seed

The enterprise software as a service (SaaS) sector is one of the rising stars of the Egyptian startup ecosystem, with more companies...

Zeew

Algeria

Algerian Startup Fund to invest $411 million in local startups

The Algerian Startup Fund (ASF) has signed an agreement with the country’s General Directorate of the Treasury to launch a new...

Algeria Startup Fund

Egypt

Egypt's SubsBase closes $2.4 million seed round

Egypt-based subscription and recurring revenue management platform SubsBase has closed its Seed round at $2.4 million, led by Global...

SubsBase Global Ventures wamda x

U.A.E

Mintroute DMCC raises minority investment from Razer Gold

UAE-based e-vouchers and digital cards’ aggregator Mintroute DMCC, has raised a minority investment from US-based Razer...

Razer Gold Mintroute DMCC

Egypt

OBM raises second round of investment from EdVentures

Egypt-based edtech OBM has raised a six-digit sum from EdVentures in the second round of investment. Founded in 2020 by Omar...

OBM EdVentures EdTech

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