Turkey After splitting from Swvl, Volt Lines raises carve-out round Turkey-based ride-hail company Volt Lines has closed its carve-out round, with a 30 per cent oversubscription, after splitting from... News • 23 March, 2023 Volt Lines Swvl Wamda Capital
Bahrain Bahraini proptech Estater raises $5 million Series A round Bahrain-based proptech Estater has raised a $5 million Series A round, led by undisclosed investors from Saudi Arabia and... News • 22 March, 2023 Estater Proptech Real Estate
U.A.E Abu Dhabi’s G42 acquires stake in TikTok owner ByteDance Abu Dhabi investment firm Group 42 (G42) has acquired a $100 million stake in Chinese internet company ByteDance, owner of the social... News • 22 March, 2023 G42 TikTok ByteDance
U.A.E Credable closes $2.5 million Seed round led by Acasia Ventures UAE-based fintech Credable has closed a $2.5 million Seed round led by Ventures Platform and Egypt-based VC firm Acasia Ventures... News • 21 March, 2023 Credable Acasia Ventures Fintech
Iraq Iraqi Islamic Bank partners with MSA Novo to back startups in Iraq Iraq Islamic Bank (IIB) has partnered with investment company MSA Novo, to launch a tech fund to invest in Iraqi startups and lead the... News • 20 March, 2023 Iraqi Islamic Bank MSA Novo iraq
Saudi Arabia SVC launches $80 million VC fund to back fintech in KSA Saudi Venture Capital Company (SVC) has launched an $80 million Investment in Fintech VC Fund, in partnership with the Capital Market... News • 20 March, 2023 SVC Fintech Saudi Arabia
Saudi Arabia Saudi Arabia’s Aumet raises $7 million pre-Series A round Saudi Arabia-based healthtech Aumet, has raised a $7 million pre-Series A funding round from AAIC, a Tokyo-based healthcare-focused... News • 18 March, 2023 Aumet healthtech
Morocco Morocco's VotreChauffeur and VotreColis raise $240,000 VotreChauffeur and VotreColis have raised $240,000 (MAD 2.5 million) from Afrimobility, Akwa Group’s Venture... News • 16 March, 2023 VotreChauffeur VotreColis
Tunisia OTF invests in Tunisia’s edtech Shape Tunisia-based edtech startup Shape has raised funding from The Oman Technology Fund (OTF). The amount raised was not... News • 16 March, 2023 Shape OTF
U.A.E almentor raises $10 million pre-series C round led by e& capital UAE-based edtech almentor, has raised $10 million in a pre-Series C round led by e& capital, alongside existing investors Partech,... News • 16 March, 2023 almentor EdTech e& capital
Saudi Arabia Tamara raises $150 million debt financing from Goldman Sachs Saudi Arabia-based fintech Tamara, has closed a $150 million debt financing round from Goldman Sachs, bringing the startup’s total... News • 16 March, 2023 Tamara Fintech Goldman Sachs
Saudi Arabia NFT marketplace Nuqtah raises Seed round Saudi Arabia-based NFT marketplace Nuqtah, has raised an undisclosed Seed round led by Animoca Brands with participation from Polygon... News • 16 March, 2023 Nuqtah Animoca Brands NFT
U.A.E COFE raises $15 million Series B round led by Wa'ed Ventures UAE-based online coffee marketplace Cofe has raised $15 million in a Series B funding round led by Wa'ed Ventures, with... News • 14 March, 2023 COFE Wa'ed Vnetures Coffee
Regional Flat6Labs leads Burger Index’s $1.3 million Seed round Spain-based AI startup Burger Index has raised $1.3 million in Seed funding to initiate its expansion in the GCC region. The round was... News • 14 March, 2023 Burger Index Flat6Labs f&b
Regional Flat6Labs launches $95 million Seed fund to back early-stage startups in Africa Seed investor and accelerator Flat6Labs, has launched a new $95 million Africa Seed Fund (ASF) to nurture the growth and development of... News • 14 March, 2023 Flat6Labs Africa Seed Fund ASF
Saudi Arabia Kara raises $586,000 during Biban 2023 Saudi Arabia-based device-as-a-service (DaaS) startup Kara, has raised $586,000 (SAR 2.2 million) pre-Seed round led by Falak Investment... News • 14 March, 2023 Kara Biban 2023
