Wamda

U.A.E

Metaverse startup Eikonikos raises $2 million pre-Seed round

UAE-based metaverse startup Eikonikos has raised a $2 million pre-Seed round led by angel investors. Founded by Mohamed Vasif,...

metaverse

Saudi Arabia

COFE acquires Saudi Arabia's Kaffeen

UAE-based online coffee marketplace COFE App has acquired Saudi Arabian app Kaffeen, as it looks to fuel its regional...

Kaffeen COFE

Egypt

LooliaCloset, SohatiCare expand to Egypt

Lebanon-based beauty e-commerce marketplaces SohatiCare and LooliaCloset announced the expansion of their services to the Egyptian...

LooliaCloset SohatiCare

Iraq

Agritech Nakhla receives funding from Euphrates Ventures

Iraq-based agritech startup Nakhla has closed a six-figure investment round from Euphrates Ventures. The investment was facilitated by...

Nakhla

Egypt

Fitness app Welnes raises $300,000 Seed round

Egypt-based fitness app Welnes, has closed a $300,000 Seed round led by Flat6labs with participation from Samurai Incubate, UI...

Welness fitness Flat6Labs

Egypt

IFC invests $5 million in Egypt’s Disruptech fund

The International Finance Corporation (IFC), a member of the World Bank Group, has pledged a $5 million investment in Disruptech...

ifc Disruptech Fintech

U.A.E

Laundry app justclean raises $6 million investment

Kuwait-based cleaning marketplace justclean has raised $6 million in a round led by Gulf Investment Corporation (GIC) with participation...

Justclean Gulf Investment Corporation GIC

U.A.E

UAE fintech Encore Pay raises $1.5 million

UAE-based fintech Encore Pay has raised a $1.5 million Seed round led by GreenHouse Capital (GHC). Founded in 2017 by Imran Saeed,...

Encore Pay

Egypt

Astute acquires Egypt's DilenyTech

Astute, a US-based imaging-guided therapy provider has acquired Egypt-based healthtech startup and AI-powered screening provider...

DilenyTech

Jordan

Five startups graduate from Flat6Labs Seed programme in Jordan

Five Jordanian startups have graduated from the Flat6Labs Amman Seed programme, with each receiving $112,000 in funding. These...

Flat6Labs

Saudi Arabia

Malaa Technologies raises $1.7 million Seed round

Saudi Arabia-based fintech Malaa Technologies, has raised $1.7 million in its Seed round with participation from Impact46, Khawarizmi...

Malaa Impact46 Khawarizmi

U.A.E

QFIL Solutions raises $1 million in pre-Seed investment

UAE-based fintech QFIL Solutions has raised $1 million in pre-Seed investment, through an unidentified fintech investment...

QFIL Fintech

U.A.E

The Giving Movement raises $15 million to back expansion

The Giving Movement, a UAE-based direct-to-consumer (D2C) sustainable fashion brand, has raised a $15 million Series A round, led by...

The Giving Movement

Saudi Arabia

Saudi C2C marketplace Soum raises $4 million Seed round

Saudi Arabia-based re-commence marketplace Soum, has raised $4 million in Seed funding, led by Outliers Venture Capital and Mazen...

Soum recommence markteplace

U.A.E

UAE's Kamel Pay raises $1 million pre-Seed round

UAE-based fintech Kamel Pay, has raised $1 million in a pre-Seed round, led by Hussain Al Qemzi, former group CEO of Noor Bank and...

Kamel Pay

Saudi Arabia

Saudi Qawafel raises $3 million Seed round

Saudi Arabia-based marketplace Qawafel, has raised a $3 million Seed round, co-led by AlSayed Group and Khwarizmi Ventures, in addition...

Qawafel AlSayed Group Khwarizmi Ventures

Morocco

Morocco’s Guichet.com raises $309,000

Morocco-based digital ticketing platform Guichet.com, has received $309,000 (MAD3 million) equity financing from the 212 Founders...

Guichet Digital ticketing

Egypt

Bosta expands to KSA after raising pre-Series B round

Egypt-based e-commerce delivery solutions provider Bosta, has announced its expansion to Saudi Arabia after completing an undisclosed...

Bosta

Egypt

Egypt’s Nexta secures $2.2 million pre-Seed round

Egypt-based fintech Nexta has raised a $2.2 million pre-Seed funding round, led by Disruptech with participation from some international...

Nexta Fintech Disruptech

Egypt

Shatablee raises $1.2 million for its interior design platform

Shatablee, an Egypt-based interior design and home renovation startup, has raised $1.2 million to accelerate its expansion in its home...

Shatablee

Sudan

249Startups launches Sudan’s first equity fund Rhino Investments

Sudan-based innovation hub 249Startups has launched an equity fund “Rhino Investments” to boost the Sudanese entrepreneurial...

249Startups Rhino Investments acceleration

Global

Wamda portfolio Insider achieves unicorn status after $121 million Series D round

Turkey-founded and Singapore-based marketing platform Insider, has closed a $121 million Series D led by Qatar Investment Authority,...

Insider Unicorn

Tunisia

Wattnow raises $1.3 million in pre-Series A round

Tunisia-based IoT energy management solution Wattnow, has closed a $1.3 million pre-Series A funding round, led by Katapult Climate and...

Wattnow energy efficiency

Regional

Mena startups raised $375 million in February 2022

Startups in the Middle East and North Africa region (Mena) raised $375 million across 81 deals in February 2022, a 51.6 per cent increase...

investments

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