Wamda

Egypt

Morni invests in Egypt’s Helpoo

Saudi Arabia-based mobility solutions platform Morni, has invested in its Egyptian counterpart, Helpoo. The deal, whose value is...

Morni Helpoo Exits.me

Egypt

Egypt-based VC DisrupTech raises $5 million investment from Proparco

Egypt-based VC fund DisrupTech Ventures has received a $5 million investment from Proparco. Founded in 2021, DisrupTech is an...

Disruptech Proparco

Regional

Mena startups raised $7 million in April 2023

Ramadan is usually a slow month for news and announcements, so it was no surprise that investment announcements would drop in April. What...

Wamda Research Lab

U.A.E

SQUATWOLF raises $30 million from ASCA Capital

UAE-based direct-to-consumer e-commerce brand SQUATWOLF, has raised $30 million in investment from ASCA Capital Limited with a...

gymwear D2C SQUATWOLF

Bahrain

Tarabut Gateway closes $32 million Series A round

Bahrain-founded and UAE-based fintech Tarabut Gateway has closed a $32 million Series A round, led by Pinnacle Capital, with...

U.A.E

B2B e-commerce Eighty6 raises $3.7 million Seed round

UAE-based e-commerce platform Eighty6, has raised $3.7 million in a Seed round, from Sanabil 500 MENA Seed Accelerator Fund, a few GCC...

Eighty6 f&b E-commerce

Tunisia

Tunisia's Drest.tn raises $336,000 from 216 Capital Ventures

Tunisia-based e-commerce platform Drest.tn has raised $336,000 from 216 Capital Ventures. Founded in 2020 by Omane and Malek Mzabi,...

Drest.tn E-commerce Fashion

Iraq

Iraq’s Midient raises $125,000 pre-Seed from Flat6Labs

Iraq-based SaaS startup Midient, has raised $125,000 in a pre-Seed funding round from Flat6Labs. Founded in 2021 by Ahmed Jamal, Omer...

Midient Flat6Labs

U.A.E

GEM raises investment commitment in Everdome metaverse to $60 million

GEM Digital Limited (GEM), a Bahama-based digital assets investment firm, has increased its investment commitment in UAE-based metaverse...

Everdome

U.A.E

Flyksoft raises $55,000 Seed round

UAE-based booking software provider Flyksoft has raised $55,000 in Seed funding from angel investors. Founded in 2023 by Mohammad...

Flyksoft SAAS

Tunisia

Tunisia’s CoaChess raises $191,000 pre-Seed round

Tunisia-based gaming platform CoaChess has raised a $191,000 pre-Seed funding round from Omicrone. Founded in 2021 by Iheb Kaabi,...

CoaChess Gaming

Egypt

Nigeria-based Autochek acquires majority stake in Egypt’s Autotager

Nigeria-based car financing platform Autocheck, has acquired a majority stake in Egypt's used cars marketplace, AutoTager, which was...

AutoCheck AutoTager

U.A.E

Intellia launches AI-driven vetting and project delivery platform

Intelllia, a provider of analytical and strategic support for investment and finance institutions, and corporate business development...

Intellia

Saudi Arabia

Saudi fintech Hakbah closes $2 million pre-Series A round

Saudi Arabia-based fintech Hakbah has closed a $2 million pre-Series A funding round, financed by Global Ventures and Aditum Investment...

Hakbah Fintech Global Ventures

U.A.E

e& acquires majority stake in Careem’s Super App for $400 million

UAE-headquartered communication firm e& (formerly Etisalat) has acquired a 50.03 per cent stake in Careem’s Super App spinout...

e& Careeem super app

U.A.E

The UAE raises tax threshold for startups

The UAE’s Ministry of Finance has raised the minimum threshold for corporate tax from $100,000 (AED375,000) to $816,000 (AED3...

uae Tax law entreprenership

Regional

Mena startups raised $247 million in March 2023, pushing Q1 funding to $1.1 billion

Startups in the Middle East and North Africa region (Mena) raised $247 million across 67 deals in March 2023, a decline of 67 per cent...

investments

Saudi Arabia

Shaker Group acquires 10% stake in Cashew

UAE-based fintech Cashew has raised an undisclosed investment from Saudi company Shaker Group, for a 10% stake. Founded in 2019 by...

Cashew Shaker Group Fintech

U.A.E

Scalo Technologies moves HQ to UAE, plans to invest $100 million in Mena startups

Singapore-based VC firm Scalo Technologies has moved its headquarters to Dubai, with the intention to invest $100 million in promising...

Scalo Technologies Venture Capital

Egypt

Acasia Angels invests in Greek startup Swaplanet

Egypt-based Acasia Angels has joined the €485,000 ($529,000) pre-Seed investment round in the Greece-based retail apparel swap...

Acasia Angels Swaplanet

Saudi Arabia

King Saud University invests in STV’s Total Growth Platform

The investment arm of King Saud University “Riyadh Valley Company (RVC)” has invested an undisclosed amount in STV’s...

King Saud University Riyadh Valley Company STV

Egypt

Camel Ventures launches $16 million fund to back fintech in Egypt

Egypt-based Camel Ventures has launched a $16 million VC investment vehicle “Camel Ventures for Investment I (CVI)”. The...

Camel Ventures Fintech CVI

Regional

SRMG launches VC arm to back regional early-stage media companies

Saudi Arabia-based media group SRMG has launched a new VC arm to back early-stage companies that focus on media creation, digital media,...

SRMG VENTURES FUZ Telfaz11

Egypt

Acasia Ventures invests in Fez’s $1 million Seed round

Egypt-based VC firm Acasia Ventures has participated in the $1 million Seed round raised by the Lagos-based last-mile delivery platform...

Acasia Ventures Fez Last mile

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