Saudi Arabia Saudi Telecom Company commits additional $300 million to VC firm STV Saudi Telecom Company (STC) has committed an additional $300 million to Saudi venture capital firm STV, on top of an earlier investment... News • 26 October, 2022 STC STV Venture Capital
Lebanon Lebanon’s IM Ventures launches second fund Lebanon-based VC firm IM Ventures has launched a $12 million fund under the USAID Lebanon Investment Initiative (LII) to support... News • 26 October, 2022 IM Ventures Insure and Match Ventures USAID
U.A.E BitOasis partners with Mastercard to launch crypto-linked cards UAE-based cryptocurrency trading platform BitOasis, has partnered with Mastercard to launch crypto card programmes. The new... News • 26 October, 2022 BitOasis MasterCard crypto
Global Modus Capital acquires Agile Ventures US-based Modus Capital has acquired Saudi Arabia-based startup venture builder Agile Ventures. The value of the transaction remains... News • 25 October, 2022 Modus Capital
U.A.E Aliph Capital secures $125 million investment from ADQ UAE-based private equity firm Aliph Capital has secured a $125 million investment for its maiden fund, Aliph Fund I (LP), from Abu... News • 24 October, 2022 Aliph Capital ADQ
U.A.E MBRIF provides $680,000 guarantee to Avani Eco UAE-based cleantech Avani Eco Middle East has been granted a guarantee of $680,000 in funding support from the Mohammed Bin Rashid... News • 24 October, 2022 MBRIF Avani Eco
Saudi Arabia UAE's Seafood Souq secures $500,000 from FII UAE-based Seafood Souq, has raised $500,000 from The Future Investment Initiative (FII) Institute. The announcement was made at the... News • 24 October, 2022 Seafood Souq
Saudi Arabia Thatek raises $532,000 for its self-development platform Saudi Arabia-based self-development platform Thatek, has raised a SAR 2.2 million ($532,000) Seed round through local crowdfunding... News • 24 October, 2022 Thatek
Egypt Egypt’s Seqoon raises $500,000 pre-Seed round Egypt-based proptech Seqoon, has raised $500,000 in a pre-Seed round through Banque Misr’s pilot programme to support startups in... News • 24 October, 2022 Seqoon real esate Proptech
Saudi Arabia Tachyon raises $1.6 million pre-Seed round Saudi Arabia-based B2B logistics platform Tachyon, has raised a $1.6 million pre-Seed round from undisclosed investors. Founded in... News • 24 October, 2022 Tachyon Logistics
Egypt KarmSolar secures $2.4 million funding from QNB ALAHLI Egypt-based cleantech KarmSolar has secured $2.4 million in funding from Qatar National Bank ALAHLI (QNB ALAHLI), as part of... News • 23 October, 2022 KarmSolar solar energy QNB ALAHLI
Kuwait Kuwaiti fintech Ruba raises pre-Seed round Kuwait-based fintech startup Ruba, has raised an undisclosed amount in pre-Seed funding. Founded in 2021 by Ameen Nadoom, Fawaz... News • 23 October, 2022 Ruba Fintech
Egypt valU acquires minority stake in fintech Kiwe Egypt-based fintech valU has acquired a minority stake in the social payment app Kiwe, for an unknown amount. Founded in 2018 in Egypt... News • 20 October, 2022 valu Kiwe Fintech
Egypt MaxAB closes $40 million pre-Series B round Egypt-based food and grocery B2B e-commerce platform MaxAB, has closed a $40m pre-Series B equity round from Silver Lake, British... News • 19 October, 2022 MaxAB b2b E-commerce
Egypt Egypt’s Nexta raises $3 million for its challenger fintech app Egypt has a population of over 103 million inhabitants, growing at approximately 2 per cent a year. The enormous growth in population has... Dunya Hassanein • 19 October, 2022 Nexta
Jordan US Fresh Del Monte invests in Jordanian agritech Decapolis US-based agriculture company Fresh Del Monte Produce has acquired a 39 per cent stake in Jordanian agritech Decapolis. Founded in 2018... News • 19 October, 2022 Fresh Del Monte Decapolis agritech
