Lebanon BY Venture Partners closes $50 million BY Fund II Abu Dhabi and Beirut-based VC BY Venture Partners has closed its second fund, BY Fund II, valued at $50 million to be invested in... News • 18 October, 2021 BY Venture Partners BY Fund II VC
U.A.E Morningstar Ventures invests $15 million in blockchain technology in Dubai UAE-based accelerator Morningstar Ventures has announced a $15 million investment into Elrond related initiatives to provide strategic... News • 13 October, 2021 Morningstar Ventures Elrond cryptocurrency
Regional Four Mena startups receive Village Capital’s Sustainability Mena 2021 investment Four startups have won $20,000 each as part of Sustainability Mena 2021, a three-month investment readiness programme run by Village... News • 14 October, 2021 Village Capital Sustainability Mena 2021
Egypt Sequence Ventures launches $31 million deeptech fund Venture capital firm Sequence Ventures has launched a new EGP500 million ($31 million) fund dubbed Egypt Deep-Tech. The fund plans to... News • 06 October, 2021 Sequence Ventures deeptech VC
Egypt Egypt’s Efreshli raises $550,000 Seed round Cairo-based online interior design platform Efreshli has raised a $550,000 Seed round, led by angel investor Tarek Sakr and property... News • 14 October, 2021 Efreshli interior design
U.A.E Digital freight platform Palletpal raises $200,000 from Draper Associates UAE-based digital freight platform Palletpal has raised $200,000 in a pre-Seed round from US-based Draper Associate. Founded in 2021... Dunya Hassanein • 20 October, 2021 Palletpal freight transport
U.A.E Fintech Galaxy closes $2 million Seed funding UAE-based Fintech Galaxy has raised $2 million in a Seed funding round, led by Jordan’s Ahli Fintech and joined by Raz Holding... News • 19 October, 2021 Fintech Galaxy Fintech
Regional Azimut, GELLIFY launch joint $50 million VC fund to support B2B Mena startups The Italian management group Azimut (ME) Limited ADGM, in partnership with GELLIFY Middle East is launching a VC fund targeting a fund... News • 19 October, 2021 Azimut GELLIFY VC
Jordan Jordan’s Bloom raises pre-Seed investment Jordan-based e-commerce platform Bloom has raised its first angel investment after two months of graduating from the pre-Seed... News • 18 October, 2021 Bloom e--commerce
Saudi Arabia Express Wash, Dealcom raise funding via Scopeer Saudi Arabia-based on-demand auto wash services provider Express Wash, and B2B procurement-to-pay (P2P) and marketplace Dealcom have raised... Dunya Hassanein • 18 October, 2021 b2b Dealcom Scopeer
Egypt ILLA raises seven-figure investment to fuel expansion Cairo-based FMCG Logistics company ILLA, has raised a seven-figure investment round, co-led by Watheeq Financial Services and Golden... News • 18 October, 2021 ILLA trucking FMCG
Saudi Arabia Saudi Arabia telehealth Cura closes $4 million Series A Saudi Arabia-based telehealth startup Cura has closed SAR15 million ($4 million) Series A investment from ELM and Wa'ed (the... News • 17 October, 2021 Cura Wa'ed ELM
Egypt Contech startup Elmawkaa raises six-figure Seed round Cairo-based construction technology (contech) startup Elmawkaa has raised a six-figure Seed round, led by Flat6labs and joined by a... News • 17 October, 2021 Elmawkaa Construction
Egypt Fintech Galaxy, GIZ launch accelerator programme for startups in Egypt, Jordan UAE-based Fintech Galaxy has partnered with the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) to launch a new... News • 14 October, 2021 GIZ Fintech Galaxy
Egypt B2B marketplace Talabeyah raises seven-figure pre-Seed Cairo-based B2B F&B platform Talabeyah has raised a seven-figure pre-Seed round from strategic angel investors. Founded in July... News • 14 October, 2021 Talabeyah b2b
U.A.E STEPPI raises $1.8 million, partners with Embody Fitness UAE-based health and corporate wellness platform STEPPI has raised $1.8 million in its latest funding round, led... News • 12 October, 2021 Steppi fitness and wellness
Egypt Fawry invests in Sudan-based classifieds marketplace alsoug.com Fawry, Egypt’s leading provider of e-payments solutions and digital banking services, has acquired a minority stake in Sudan-based... News • 12 October, 2021 fawry Alsoug
Egypt GBarena raises six-figure pre-Series A funding Cairo-based esports and tournaments platform GBarena has raised a six-figure pre-Series A funding round, led by angel investors Ahmed... News • 12 October, 2021 Gbarena Gaming
Saudi Arabia Saudi Arabia’s OTO raises $3 million Seed funding Saudi Arabia-based SaaS startup OTO has raised a $3 million Seed round from MEVP & Derayah Capital. Founded in 2019 by... News • 11 October, 2021 OTO SAAS Shipping
Saudi Arabia Foodtech Siwar raises $7.5 million Series A round led by Seera Group Saudi Arabia-based food tech startup Siwar has raised SR28 million ($7.45 million) in a Series A round, led by travel and tourism... News • 07 October, 2021 Siwar Seera group
Tunisia Q-commerce app Lamma raises funding from Orange Ventures Tunisia-based last-mile delivery Lamma has raised fresh investment from Orange Ventures. The amount raised is undisclosed. Founded by... News • 10 October, 2021 Lamma Orange Digital Ventures
Egypt Former Abbott VP Essam Abdelhady acquires stake in Nawah Scientific Former Vice President Middle East, Turkey, Africa and Pakistan (METAP) of Abbott Essam Abdelhadi has acquired a stake in Egypt-based... News • 10 October, 2021 Nawah Scientific Series A
U.A.E AlgoDriven secures $2 million in Series A UAE-based automotive data platform AlgoDriven, has raised $2 million in a Series A round led by Global Ventures. Other investors... News • 07 October, 2021 mobility AlgoDriven Global Ventures
Egypt Egypt’s insurtech Amenli raises $2.3 million Seed Egypt-based insurtech Amenli has raised a $2.3 million Seed round from GFC, P1 Ventures, Liquid2 Ventures, Anim Fund with Costanoa VC,... News • 06 October, 2021 Amenli YCombinator