Wamda

U.A.E

Majid Al Futtaim launches new accelerator to support regional SMEs

UAE-based retail group Majid Al Futtaim and AstroLabs have launched Majid Al Futtaim Launchpad, an accelerator programme that aims to...

Majid Al Futtaim Astrolabs accelerator

Iraq

Lebanese delivery app toters raises $18 million Series B round

Lebanon-based super app toters, has raised $18 million in a Series B round from International Finance Corporation (IFC), March...

toters ifc

Egypt

Egypt’s Nice Deer raises $1 million pre-Seed round

Egypt-based insurtech Nice Deer has raised a $1 million pre-Seed funding round led by DisrupTech Ventures. Founded in early 2022 by...

Nice Deer Insurtech healthtech

Egypt

valU expands to Saudi market through partnership with Alhokair

Egypt-based fintech valU, has extended its services to Saudi Arabia through a partnership with FAS Labs, owned by Fawaz Abdulaziz...

valu BNPL Alhokair

Saudi Arabia

Hyperpay raises $36.7 million led by Mastercard

KSA-based fintech HyperPay has raised $36.7 million in a funding round led by Mastercard, with participation from Amwal Capital Partners...

hyperpay MasterCard

Egypt

Egypt’s Appetito acquires Tunisia’s Lamma

Egypt-based q-commerce Appetito has acquired Tunisia’s Lamma to expand operations in Morocco, Tunisia and West Africa for an...

Appetito Lamma q-commerce

U.A.E

UAE’s Alpha Waves invests in India’s Cuemath

UAE-based Alpha Wave has invested in Indian edtech Cuemath, as part of its recent fundraising estimate at $57 million, alongside other...

Cuemath Alpha Wave

U.A.E

Pure Harvest Smart Farms acquires BayWa's interest in agritech venture

UAE-based agritech Pure Harvest Smart Farms is forming an alliance with Al Dahra Group by acquiring BaWa’s controlling interest...

Pure Harvest Smart Farms agritech acquisition

Egypt

Egypt’s CASF invests in South Africa’s Finclusion Group

Egypt-based micro VC fund The Cairo Angels Syndicate Fund (CASF) has invested an undisclosed amount in the South Africa-based fintech...

CASF Cairo Angels Syndicate Fund Fincusion Group

U.A.E

UAE’s Cypher Capital invests in Spain’s Iomob

Dubai-based blockchain-focused VC firm Cypher Capital, has invested in Spain-based decentralised marketplace, Iomob. Founded in 2018...

Cypher Capital Iomob

Global

SWVL to lay off 32 per cent of its workforce, expects to turn profitable in 2023

Egypt-born and Dubai-headquartered mobility startup SWVL, announced plans to reduce its workforce by 32 per cent. The planned layoffs...

Swvl

Oman

Snoonu acquires Oman’s Akeed

Qatar-based super app Snoonu, has acquired Oman’s food delivery platform Akeed for an undisclosed sum. Founded in 2019 by Hamad...

Snoonu Akeed

Egypt

Gooo Delivery raises pre-Seed round

Egypt-based on-demand delivery startup Gooo Delivery has closed a pre-Seed round. The amount raised was not disclosed. Founded in 2020...

Gooo Delivery Delivery

Saudi Arabia

iStoria raises pre-Seed round from Nama Ventures

Saudi Arabia-based edtech iStoria has raised an undisclosed pre-Seed funding round from Nama Ventures. Founded in August 2020 by...

iStoria Nama Ventures

Tunisia

216 Capital Ventures raises $9.6 million for first close of its fund

Tunisia-based VC firm 216 Capital Ventures has raised $9.6 million in the first tranche of its 216 Capital Fund, of which $6.4...

212 Capital

Morocco

Morocco’s Cloudfret raises $1 million to back expansion

Morocco-based SaaS startup Cloudfret, has raised a $1 million round, led by Plug and Play, PRC Ventures ICAV, Azur Innovation Fund,...

Cloudfret

Egypt

Natrify raises pre-Seed round to develop biodegradable plastics

Egypt-based biotechnology startup Natrify, has raised a six-figure pre-Seed round from Ambo ventures, a recently launched,...

Natrify

Egypt

Dstny acquires Egypt-founded Tactful AI

Belgium-based business communications provider Dstny, has acquired Egypt and UK-based Tactful AI for an undisclosed sum. Founded in...

Tactful AI

Egypt

Egypt’s Esaal raises $1.7 million Seed

Egypt-based healthtech startup Esaal, has raised a $1.7 million Seed round from A15 to scale its operations across its home market as...

Esaal

U.A.E

Crypto edtech Coinmarketpedia raises $2 million pre-Seed round

UAE-based decentralised crypto and blockchain educational platform Coinmarketpedia, has raised $2 million in a pre-Seed round. The...

Coinmarketpedia Cryptocurrencies Blockchain

Saudi Arabia

RedBox closes $5 million pre-Series A round

Saudi Arabia-based logistics startup RedBox has raised $5 million in a pre-Series A investment round, led by RAAF Holding Company and...

Red Box Last mile smart locker

Kuwait

Kuwait’s Enabill raises $1.2 million Seed round

Kuwait-based fintech Enabill, has raised $1.2 million in a Seed funding round with participation from The Taken Seat venture builder and...

Enabill The Taken Seat

U.A.E

Cypher Capital invests $5 million in Ocean Protocol

UAE-based VC Cypher Capital, has set up an ecosystem fund together with Ocean Protocol to which it will be allocating $5 million to...

Cypher Capital

U.A.E

Ogram raises $3 million Series A round

UAE-based recruiting platform Ogram has announced a $3 million Series A funding round, led by Modus Capital and Aditum Investment...

Ogram Modus Capital recruitement

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