Wamda

U.A.E

MySyara raises $400,000 and announces $2.6 million acquisition to fuel expansion

UAE-based automotive startup MySyara has acquired an undisclosed auto parts distributor in the UAE in a deal valued at $2.6 million....

MySyara

Saudi Arabia

Saudi fulfiment and logistics provider oda raises pre-Seed funding

Saudi Arabia-based e-commerce fulfilment and logistics provider oda has raised an undisclosed pre-Seed funding round from angel...

oda Last mile

Global

UAE's KAAF Investments and Spartech Ventures participate in Nigeria-based Moove's $23 million Series A round

UAE's KAAF Investments and Spartech Ventures have invested in Nigeria-based auto-financing startup Moove's...

Moove Spartech Ventures KAAF

Regional

Village Capital launches accelerator programme for impact startups in Mena, Turkey

US-based Village Capital has launched an investment readiness accelerator programme for impact startups from the Middle East, North...

Village Capital impact entrepreneurship

Regional

Mena startups raised $632 million in July 2021

Startups raised almost $632 million in July across 77 deals, a record-breaking month thanks mostly to Kitopi’s $415 million Series C...

Investment

U.A.E

Augustus Media raises $400,000 in debt financing

Dubai-based new media startup Augustus Media has raised $400,000 in debt financing led by crowdfunding platform Beehive. Founded in...

Augustus Media beehive

U.A.E

Sarwa closes $15 million Series B round led by Mubadala

UAE-based fintech Sarwa has closed a $15 million Series B funding round, led by Mubadala Investment Company with participation from...

Fintech sarwa series B

Saudi Arabia

Palm.hr raises Bridge round led by Nama Ventures

Saudi Arabia-based HR solutions startup has closed an undisclosed Bridge funding round, led by Nama Ventures with participation from...

Palm.hr HR solutions

Saudi Arabia

The Stock raises $667,000 in pre-Seed funding

Saudia Arabia-based visual content platform The Stock has raised $667,000 in a pre-Seed funding round, led by VEST Investment Company...

The Stock VEST Investment

U.A.E

E-commerce startup Splyr Global raises $500,000 investment

Dubai-based e-commerce startup Splyr Global has received a $500,000 investment from Quality & Saving Center, a hypermarket...

Splyr E-commerce

Egypt

Teegara raises five-figure pre-Seed round

Cairo-based e-commerce startup Teegara.com has closed a five-figure pre-Seed follow-on funding round led by the Alexandria Angels...

Teegara E-commerce b2b2c

Jordan

Jordan's BithTV raises $205,000 Seed round

Jordan-based BithTV, a crowd content platform for Arab gamers has raised $205,000 Seed round, led by existing...

Gaming seed BithTV

U.A.E

tabby closes $50 million Series B round

UAE-based buy now pay later (BNPL) startup tabby has raised $50 million in a Series B round, valuing the fintech at $300 million. The...

Buy now pay later Fintech Tabby

Turkey

FENIX acquires Turkey's PALM after raising fresh funds

UAE-based micromobiltiy operator FENIX has raised additional funds from its existing investor to finance its recent expansion to Turkey...

Fenix micromobility

U.A.E

Baraka launches app after $4 million Seed round

Dubai-based fintech startup Baraka has launched its app today after raising a $4 million Seed round, from Nuwa Capital, Global...

Baraka Fintech

Jordan

POSRocket raises $5 million

Jordan-based cloud point of sale (POS) platform POSRocket has raised a $5 million funding round, co-led by Finance in...

POSrocekt retailers

Saudi Arabia

Saudi AI startup Intelmatix secures investment from STV and Sultan Holdings

Saudi Arabia-based AI startup Intelmatix has raised an undisclosed investment round, led by STV and Sultan Holdings. Founded...

deeptech AI

Saudi Arabia

Nana raises investment from Faith Capital

Saudi Arabia-based e-grocery platform Nana has received an undisclosed amount of investment from Kuwait-based VC firm Faith...

Nana Faith capital

Saudi Arabia

Celebrity content app YELA raises $2.2 million Seed round

Celebrity content platform YELA has raised $2.2 million in a Seed round led by Justin Mateen, Tinder co-founder and general...

Yela Celebrity app

U.A.E

Opontia acquires medical equipment e-commerce brand Novimed

E-commerce enabler Opontia has acquired UAE-based direct-to-consumer (D2C) medical equipment and therapeutic products,...

Novimed Opontia

Egypt

Zain Telecom launches venture fund, invests in Swvl and Pipe

Kuwaiti mobile telecommunications company Zain has announced the establishment of Zain Ventures. The size of the fund has not been...

Zain Ventures Swvl Pipe

Regional

Swvl eyes IPO via SPAC

UAE-based mass transportation company Swvl, initially founded in Egypt, is reportedly planning to go public via a merger with a special...

Swvl SPAC

U.A.E

ADIO invests in three tech startups as part of its $545 million Innovation Programme

Abu Dhabi Investment Office (ADIO) announced today that it has invested in three tech companies as part of its Dh2 billion ($545...

ADIO Lyve Rizek

U.A.E

Huda Beauty Angels invests in female wellness startup Ketish

Dubai-based Huda Beauty Investment (HBI)-backed Huda Beauty Angels has invested in female wellness startup Ketish, Huda Kattan, CEO of...

HB investments female wellness femtech

Thought Leadership

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