Regional

Investors, brace yourselves for the aftermath of unprofitable unicorn IPOs [Opinion]

The fundamental idea behind Initial Public Offerings, or IPOs, is that when companies need capital, they get themselves listed on public...

Preetish Panda • 20 July, 2017

oped IPOs Funding

Global

Startup Watch: weirdest new year countdown, food in 2050, and the ugly side of Silicon Valley

The world of entrepreneurship news is a complex one, with people ever ready to give their two cents on how you should be running your...

Reine Farhat • 05 January, 2017

Startup Watch Unicorn Bots

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...

Rachel Williamson • 19 December, 2016

careem STC Venture Capital

U.A.E

Souq raises MENA's largest round of $275M

After almost a year of speculation, MENA’s biggest ecommerce company Souq.com has confirmed that it’s raised a $275 million...

Rachel Williamson • 29 February, 2016

round Unicorn announcement

Maghreb

Tech investor AIG to become first African unicorn

Africa Internet Group (AIG) is set to become Africa’s first unicorn, after international insurer AXA bought an 8 percent stake in the...

Rachel Williamson • 10 February, 2016

AXA AIG Africa Internet Group