Wamda

Morocco

HSEVEN launches three programmes for African entrepreneurs

Source: Morroco World News Moroccan startup accelerator HSEVEN, the largest startup accelerator in Africa, has launched three...

HSEVEN covid-19 African Startups

Saudi Arabia

Munjz secures pre-Series A investment

Saudi Arabia-based Munjz, an online marketplace for maintenance services, has secured its pre-Series A investment. The round was led by...

maintenance Investment Munjz

U.A.E

Dubai SME allocates Dh20 million in loans

Source: The National Dubai SME, a part of Dubai Economy, allocated Dh20 million to a capital guarantee scheme backing peer-to-peer loans...

Dubai SME smes

Bahrain

Evergo raises seed investment from Tenmou

Source: Startup Bahrain Bahrain-based Evergo, the startup that prides itself as a one-stop app for all your lifestyle requirements, has...

Tenmou Evergo

U.A.E

ADQ launches Dh1.1 billion fund to invest in Asian startups

Source: The National ADQ, one of the region’s largest holding companies, launched a Dh1.1 billion ($300 million) venture fund to...

Masdar City abu dhabi

Egypt

EYouth raises $180,000 seed funding

Cairo-based social enterprise EYouth, has raised $180,000 in seed funding from EdVentures, the venture capital arm of Egypt’s Nahdet...

EYouth Nahdet Misr Publishing House

U.A.E

Ziina secures $850,000 in pre-seed round

Ziina, the UAE-based social peer-to-peer (P2P) payment application, has raised $850,000 in a pre-seed funding round. The investment was led...

Fintech Ziina

Bahrain

Unipal raises seed investment

Bahrain-based Unipal has raised an undisclosed amount of seed funding from angel investor network Tenmou, as part of the fundraising round...

EdTech

Egypt

Interact Labs secures $60,000 in funding

Source: Disrupt Africa Egyptian startup Interact Labs, which develops solutions that enhance collaboration, has secured funding...

InteractLabs Shark Tank covid-19

Regional

Wamda Research Lab report on Covid-19 impact

More than 70 per cent of startups based in the Middle East and North Africa have witnessed a negative impact on their business as a result...

Wamda Research Lab covid-19

U.A.E

Ogram raises $870,000 in pre-Series A

UAE-based Ogram has closed a $870,000 pre-Series A round led by Global Ventures. Started in 2016, Ogram operates as a virtual...

Human Cloud Global Ventures Ogram

U.A.E

MCKD launches grant program to support freelancers, SMEs

Source: The National The Ministry of Culture and Knowledge Development (MCKD) has launched a programme to support freelancers and SMEs...

covid-19 MCKD smes

Egypt

Shahry raises $650,000 in pre-seed

Egypt-based online lending startup Shahry, has closed a $650,000 pre-seed round from the investment arm of EGBANK. Powered by a...

Fintech shahry

Tunisia

Tunisian Parliment supports startups with €66.9 million loan agreement

Source: Tunis Afrique Presse The House of People's Representatives (HPR), on Tuesday, passed a loan agreement amounting to...

startups IBRD

U.A.E

Invygo raises $1 million in pre-Series A

UAE-based car subscription platform Invygo, has raised $1 million, as part of a pre-Series A funding round led by EQ2 ventures, Class 5...

Invygo automotive car rental

Egypt

Brimore raises $3.5 million in pre-Series A

Egypt-based direct-selling distribution platform Brimore, has raised $3.5 million in a pre-Series A round led by Algebra Ventures, with...

Brimore Algebra Ventures E-commerce

Saudi Arabia

Telgani raises seed funding

Saudi Arabia-based car rental platform Telgani, has closed a six figure seed funding round. The round was backed by 500 startups, Saudi...

Telgani car rental

Egypt

CVentures invests in London-based Countingup

Source: MenaBytes CVentures, the venture capital arm of Egypt’s largest private bank CIB (Commercial International Bank) has...

Fintech Cventures CIB

Egypt

Source Beauty raises pre-seed funding

Egypt-based beauty e-commerce platform Source Beauty, has raised pre-seed funding from 500 Startups. Founded in 2018 by Lydia...

SourceBeauty ecommerce 500 startups

Egypt

Swvl raises over $20 million in new funding round

Source: MenaBytes Swvl, the Cairo-born mobility startup quietly raised over $20 million in a new round right before the spread of...

Swvl mass transport

Saudi Arabia

Grintafy raises $1.25 million seed

Saudi Arabia-based Grintafy Technologies, has raised $1.25 million in a seed funding round led by Wa'ed Ventures, with participation...

Sports entrepreneurship Grintafy

Regional

UberEats shuts down in UAE, Saudi Arabia and Egypt

Source: Reuters Uber (UBER.N) said on Monday it was closing down its Uber Eats operations in eight markets because they did not offer a...

UberEats Egypt foodtech

Regional

World’s first Halal Angels Network aims to tap $5 trillion

Source: Trade Arabia The World’s First Halal Angels Network was launched to promote Innovation, entrepreneurship & startups to...

Angel Investment India GCC

Regional

yallacompare secures $4.25 million funding

yallacompare, the UAE-based insurance aggregator, has secured new funding of $4.25 million from Gulf Insurance Group (GIG). The investment...

Insurance Investment yallacompare

Thought Leadership

All the information you need to navigate Mena's startup ecosystem

Thank you