Wamda

Saudi Arabia

Saudi Aramco launches $1 billion Prosperity7 Ventures fund

Saudi Arabia’s Aramco has launched Prosperity7 Ventures, a $1 billion global VC fund, with a long-term view to supporting the...

Aramco Prosperity7 Ventures VC fund

Egypt

Funeral services platform SOKNA raises $1 million Seed round

Egypt-based funeral services startup SOKNA has closed a $1 million Seed round with participation from Mentors Fund, SBX Capital, ACE...

Funeral Services Sokna

Saudi Arabia

Saudi dark store Nana raises $50 million

Saudi Arabia-based dark store Nana has raised $50 million in a round led by FIM Partners and STV, bringing the total funding to $80...

Saudi Arabia Nana

U.A.E

Letswork acquires Portugal-based Krow

UAE-based shared spaces marketplace Letswork has acquired Portugal-based Krow, marking the startup's first expansion outside its...

Letswork

Egypt

Egypt’s Yalla Fel Sekka raises $7 million Series A

Egypt-based logistics and quick commerce startup Yalla Fel Sekka has raised a $7 million Series A round, led by ADQ’s venture...

Yalla Fel Sekka Logistics E-commerce

Saudi Arabia

Female-focused edtech Playbook raises $700,000

KSA-based edtech Playbook has raised a $700,000 pre-Seed round, led by 500 Global, Sanabil Investments, Faith Capital, Women Spark...

Saudi Arabia Playbook EdTech

Saudi Arabia

Retailo raises $36 million in Series A

Saudi Arabia-based B2B marketplace Retailo has raised a $36 million mixed equity and debt Series A round. The equity funding...

Retailo

U.A.E

UAE-based Takalam raises $1 million pre-Seed round

UAE-based healthtech Takalam has raised $1 million in a pre-Seed round, led by Emirates Angels members, along with Nowaisi Investments,...

Takalam healthtech mental health

U.A.E

Alpha Wave Global invests in Moglix's $250 million Series F funding

India-based logistics startup Moglix has raised $250 million in Series F funding round, at a valuation of $2.6 billion, led by Tiger...

Moglix Logistics E-commerce

U.A.E

Qlub raises $17 million Seed round

UAE-headquartered fintech Qlub has raised a $17 million Seed round, co-led by Cherry Ventures and Point Nine, with participation...

Fintech

Kuwait

COFE App acquires UAE's Sippy Beans

Kuwait-based online coffee marketplace COFE App has announced the acquisition of UAE-based Sippy Beans, as part of the company's...

COFE

Egypt

Brimore raises $25 million in Series A

Egypt-based social commerce platform Brimore has raised a $25 million Series A round, led by the International Finance Corporation (IFC)...

Brimore

Iraq

Rocket Internet-backed Iraqi super app Baly raises $10.5 million

Iraq-based super app Baly, backed by Germany’s Rocket Internet has closed a Seed round of $10.5 million from Kingsway Capital, MSA...

super app iraq

Egypt

Splendapp raises pre-Seed round to fuel expansion

Egypt-based Splendapp has raised a six-figure pre-Seed round from Saudi Arabia-based angel investors. Founded in 2020 by Mohamed...

TheSplendApp SAAS

U.A.E

$150 million VC fund to boost India-UAE startup ecosystem

HCL Founder and Chairman of Startup Committee FICCI, Dr Ajai Chowdhry has launched an India-UAE VC Fund of $150 million with the aim to...

HCL FICCI India

Tunisia

Tunisia-born InstaDeep raises $100 million Series B round

Tunisia-born InstaDeep has closed its Series B round at $100 million, led by Alpha Intelligence Capital together with CDIB, alongside...

InstaDeep SAAS Artificial intelligence

Saudi Arabia

Saudi fintech Sanad Cash raises $1.6 million Seed round

Saudi Arabia-based on-demand payment Platform Sanad Cash, Inc. has raised a $1.6 million Seed round with participation from Impact46...

Sanad Cash Impact46

Regional

Investment in women-founded startups at 1.2 per cent of $2.87 billion raised in 2021

It was a year in which many records were broken - the largest funding round to date, the highest number of deals, and the arrival of...

wamda Investment

U.A.E

UAE’s Chimera Capital closes second fund Alpha Wave Ventures II at $10 billion

UAE-based investment firm Chimera Capital has closed its second VC fund Alpha Wave Ventures II at $10 billion, co-managed with...

Chimera Capital Alpha Wave Ventures II

Saudi Arabia

Legends Gaming raises $1.2 million via Scopeer

Saudi e-gaming marketplace Legends Gaming has secured SAR 4.5 million ($1.2 million) from 674 investors via crowdfunding platform...

Legend Gaming Scopeer

Saudi Arabia

Saudi Arabia's cloud kitchen Creative+ raises $2 million

Press release: Creative+ Cloud Kitchen announced the closure of its first investment rounds worth more than $2 million, with the...

Creative+ cloud kitchen

Morocco

Morocco’s Chari raises bridge round

Morocco-based B2B e-commerce and fintech startup Chari, has closed an undisclosed bridge round led by the Saudi-based venture capital...

Chari Fintech

Egypt

Fawry to raise $50.8 million growth capital, explores a US Listing

Cairo-based fintech Fawry plans to raise $50.8 million of growth capital through a rights issue to existing shareholders, to be used to...

fawry Fintech

Saudi Arabia

Lean raises $33 million in round led by Sequoia Capital

Saudi Arabia-based fintech Lean Technologies has raised $33 million in a Series A round led by Sequoia Capital India, marking the US...

Lean Technologies Open banking Sequoia Capital

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