Wamda

Saudi Arabia

Saudi startup Dokkan Afkar closes $2M round

Dokkan Afkar announced yesterday, it has closed a $2 million investment round led by Riyad Taqnia Fund (RTF). Dokkan Afkar is a...

Saudi Arabia ksa DokkanAfkar

U.A.E

Why telehealth is so attractive to investors [Opinion]

In his book ‘Healthcare Disrupted’, Jeff Elton comments that ‘until recently, the world changed and healthcare –...

Opinion Healthcare telehealth

Saudi Arabia

Takamol Holding helping both startups and investors

It’s a common scenario: Saudi entrepreneurs complain about the lack of investment and venture capital put into startups, while...

Saudi Arabia ksa Musharakah

Regional

Why CVC is the future of venture capital in the region [Opinion]

This article is a crosspost with Linkedin. Venture capital funds capitalized and operated by major corporations are becoming more...

corporate venture capital Venture Capital turn8

Saudi Arabia

Saudi Arabia's massive Public Investment Fund has become active in tech startup investing

This article is a crosspost with CB Insights. Over the last year, the Kingdom of Saudi Arabia announced a number of economic...

vision 2030 ksa Saudi Aramco

U.A.E

STEP gets $2M Series A, plans a digital media empire

STEP Group has closed a Series A funding round with a $2 million investment from regional investors, including Wamda Capital,...

Step Conference Step music Wamda Capital

Iran

Turkish payments startup Iyzico closes $13M Series C

On July 15, Barbaros Ozbugutu and Tahsin Isin were celebrating in Istanbul. After years of bureaucracy, their online payment company...

turkey iran Commerce

Egypt

On speaking terms: Egypt’s investors, entrepreneurs forging a bond [Know Your VC]

The investor-entrepreneur relationship in Egypt has been something of a rollercoaster, but both say they’re finally starting to iron...

investor relations A15 eventtus

Egypt

Egypt’s Vezeeta gets $5M Series B

Vezeeta, an Egypt-based automated physician, clinic and hospital bookings platform received $5 million in series B funding led by...

Vezeeta Egypt BECO Capital

U.A.E

Jisr Venture Partners like to look outside MENA [Know your VC]

Jisr Venture Partners founder and chairman Waleed Albanawi is making another investment into the food and beverage (F&B) space by...

Investment jisr venture partners ReserveOut

Saudi Arabia

Careem now a unicorn, raising $350M

Careem has become the Middle East’s second ‘unicorn’, after investment from Japan's ecommerce giant Rakuten Inc and...

careem STC Venture Capital

Egypt

IFC invests in Algebra Ventures, Flat6labs Cairo funds

New Egyptian venture fund Algebra Ventures has announced the first closing at $40 million. The fund, first announced in June, plans to...

Algebra Ventures Egypt SysDsoft

Egypt

EAEF reinvests in Egypt’s Smartcare Medical Services

Smartcare Medical Services in Egypt has secured another 12 million Egyptian pounds (US$762,000) from the Egyptian-American Enterprise Fund,...

Smartcare Medical Services Egypt Series A

Regional

Series A investment: when, how, who? [Know your VC]

In the growth cycle of a startup the Series A round can be a critical hurdle, but investors say there is a lot startups can do to...

Series A Investment Venture Capital

U.A.E

Bayzat closes $3.6M Series A, seeks to reform UAE health insurance

Bayzat, a Dubai based technology company offering health insurance and HR solutions, has closed a $3.6 million Series A round led by BECO...

Bayzat BECO Capital Series A

Regional

Your checklist for investing - and pitching - right [Know your VC]

This is an edited crosspost with Nuwait. Arzan VC partner Hassan Zainal’s famous checklist is one document he doesn’t...

Nuwait kuwait Arzan VC

Kuwait

Arzan VC's humble beginnings [Know your VC]

This is an edited crosspost from Nuwait. Kuwait’s first venture capital fund Arzan VC is not keen on missing opportunities...

Nuwait Arzan VC Lunch:On

Lebanon

Arab world’s streaming app Anghami raises Series B

Lebanon-born music streaming app Anghami has raised a Series B round at an undisclosed value, the company said in a statement. The round...

anghami Middle East Venture Partners Investment

Regional

Telcos to the startup rescue?

Telcos could be the saviour of emerging market startups, according to a report from mobile industry association GSMA. They have the...

GSMA corporate venture capital Venture Capital

U.A.E

Mums are big business as Mini Exchange raises $3M

UAE startup Mini Exchange has closed a $3 million round with its original and new investors, according to Arabian Business. The startup...

Mini Exchange Mumzworld ecommerce

Egypt

Flat6labs signs $1M deal with IFC

Flat6labs has signed a $1 million deal with the World Bank investment arm International Finance Corporation (IFC). The Egyptian...

Flat6Labs International Finance Corporation ifc

Global

Raising ‘Islamic’ funds getting easier

Since starting his Quranic memorization platform in 2014, Bilal Memon has closed three rounds of investment. Each time he’s managed...

islamic finance Islamic economy Mpowered

Saudi Arabia

Saudi Arabia, Japan investor create $100B fund

Saudi Arabia and Japan’s Softbank have signed a deal to create a $100 billion technology investment fund, making it one of the largest p...

Saudi Arabia Softbank japan

U.A.E

Has Falafel Games raised the largest round for a gaming startup in MENA?

Falafel Games, one of the first gaming studios to emerge in the Middle East, just closed a round of $2.6 million. The funding round was...

falafel games MEVP Investment

Thought Leadership

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

Thank you