Egypt Rabbit to invest $60 million in Saudi Arabia Egypt-based quick commerce (q-commerce) startup Rabbit, has announced it is planning to invest $60 million in Saudi Arabia over the next... News • 30 March, 2022 Rabbit q-commerce
Egypt Egypt launches $109 million Avans Manara fund of funds Egyptian banks and institutions have partnered to launch the “Avans Manara” fund, with total targeted investments amounting... News • 29 March, 2022 Avans Manara smes
Egypt Robo-advisory startup Xpovi raises $300,000 pre-Seed round Egypt-based robo-advisory startup Xpovi, has launched after raising a $300,000 pre-Seed round led by a group of angel... News • 29 March, 2022 Xpovi
Saudi Arabia Saudi Lendo obtains SAMAs's crowdfunding licence Saudi Arabia-based fintech Lendo, has obtained Saudi Central Bank’s (SAMA) licence to operate as a Shari'ah-compliant debt... News • 29 March, 2022 Lendo Crowdfunding
Saudi Arabia DailyMealz raises $5.3 million pre-Series A round Saudi Arabia-based healthy food delivery app DailyMealz, has raised SAR 20 million ($5 million) in a pre-Series A round, with... News • 29 March, 2022 Dailymealz
Egypt Otida raises $340,000 for its diabetes management app Egypt-based healthtech startup Otida, has raised $340,000 in a pre-Seed round led by Lofty Inc, a US-based VC, with participation... News • 28 March, 2022 Otida
Saudi Arabia Saudi proptech Darent raises $1 million pre-Seed round Saudi Arabia-based proptech Darent has raised $1 million in a pre-Seed round led by Watheeq Proptech Venture with the participation of... News • 28 March, 2022 Darent Proptech Watheeq
Saudi Arabia Investment initiatives worth $4.2 billion announced at GEC Riyadh Investment initiatives valued at $4.2 billion were announced at the Global Entrepreneurship Congress (GEC), held in Riyadh under the... News • 28 March, 2022 Saudi Arabia GEC Start-up
Morocco Morocco’s Al Mada launches pan-African $109.5 million VC fund Morocco-based Al Mada Holding Group has launched a $109.5 million pan-African venture capital fund to invest in fast-growing... News • 28 March, 2022 Al Mada africa Venture Capital
Egypt Former CEO of Ebates invests in WaffarX, joins board Former CEO of e-commerce and cashback platform Ebates Kevin Johnson, has invested and joined the board of Egypt-based fintech WaffarX as... News • 28 March, 2022 WaffarX
Saudi Arabia Micromobility startup SPIDERS raises $1.4 million Saudi Arabia-based micromobility startup SPIDERS, has raised a $1.4 million pre-Seed round led by Watheeq Capital. Founded in 2021 by... News • 28 March, 2022 SPIDERS micromobility
U.A.E Digital health platform altibbi raises $44 million in Series B UAE-based and Jordan-born digital health startup Altibbi, has raised a $44 million Series B funding round, led by Foundation Holdings,... News • 28 March, 2022 AlTibbi
Egypt Fantasy football platform Eksab raises $3 million Seed round Egypt-based daily fantasy football platform, Eksab, has secured a $3 million Seed funding round, led by 4DX Ventures with participation... News • 28 March, 2022 Eksab Fantasy Football
Global SWVL acquires German mobility software startup door2door Dubai-based mobility startup SWVL, has acquired Berlin-based public mobility solutions provider door2door for an undisclosed... News • 27 March, 2022 Swvl
Tunisia Tunisia’s biotech WaterSpirit raises $872,000 Tunisia-based B2B biotech startup WaterSpirit has closed a fundraising round of $872,000 from undisclosed Tunisian investors. Founded... News • 27 March, 2022 WaterSpirit biotech
Egypt Egypt launches digital payments system InstaPay The Central Bank of Egypt (CBE) has applied an open banking system by launching the InstaPay application, a national system for instant... News • 27 March, 2022 InstaPay Open banking
