Wamda

U.A.E

Zuvees raises fresh capital to expand across the Middle East and global markets

UAE-based gifting platform Zuvees has raised $1.6 million from IvyCap Ventures as part of its ongoing Series A funding round to...

Zuvees IvyCap Ventures

Egypt

MNT-Halan reaches $1.4 billion valuation after investment round led by Al Ahly Capital

Egyptian fintech MNT-Halan has reached a $1.4 billion valuation following the first closing of a new investment round led by Al Ahly...

MNT-Halan Al Ahly Capital

Egypt

Edafa Venture expands AI portfolio with acquisitions of Kuadra and IRRI Vision

Edafa Venture has acquired two AI startups, Kuadra and IRRI Vision, in six-figure transactions announced during AI Everything Middle...

Edafa Venture Kuadra IRRI Vision

Egypt

Blnk secures $37 million to deepen financial inclusion in Egypt

Egyptian fintech Blnk has raised $37.1 million, comprising $12.5 million in Series A equity funding and $24.6 million in local debt...

Blnk Fintech Algebra Ventures

U.A.E

UAE's CNTXT AI acquires Actualize to expand enterprise-grade Arabic AI agents

UAE-based AI company CNTXT AI has acquired Actualize, an enterprise AI startup specialising in dialect-aware Arabic voice agents, to...

CNTXT AI Actualize

Egypt

Efham.ai secures investment from Foras.AI to democratise AI learning in Arabic

Foras.AI has invested in Efham.ai, an AI education platform developed by Egypt-based NixAI, to support the creation of what it describes...

Efham.ai Foras

U.A.E

Anara Impact Capital announces $48 million first close of MENA-focused fund

MENA-focused impact venture capital firm Anara Impact Capital has announced the first close of its debut fund at $48 million, nearing...

Anara Impact Capital KfW ISSF

U.A.E

du, Shorooq partner on $50 million fund to to back regional startups

UAE-based telecom operator du has launched du Ventures, a $50 million corporate venture capital fund, in partnership with investment...

du Shorooq

U.A.E

CargoX secures $250 million led by BlueFive Capital for driverless logistics expansion

UAE-based autonomous logistics startup CargoX has raised $250 million from an investor group led by BlueFive Capital. The company is...

CargoX BlueFive Capital

U.A.E

Uber increases Careem ownership after $100 million stake purchase from e&

UAE-based super app Careem is set to return to closer control under Uber after Uber agreed to acquire a 12.5% stake from e& for $100...

Uber careem e&

Egypt

Egypt's ARRW secures $4 million investment from Tasheed Egypt

Egypt-based mobility startup ARRW has secured a $4 million investment from Tasheed Egypt to support its expansion across Egypt’s...

ARRW Tasheed Egypt

U.A.E

RemotePass secures $17.4 million Series B to accelerate global expansion

Wamda Capital-backed global employment, payroll, and spend platform RemotePass has raised $17.4 million in Series B funding led by...

RemotePass Wamda Capital HRtech

Jordan

JCIF unveils Manara Ventures, a $70 million growth fund for Jordanian tech companies

Jordan Capital and Investment Fund (JCIF) has launched Manara Ventures, a JOD 50 million ($70.5 million) scale-up fund focused on...

Jordan Capital and Investment Fund JCIF Manara Ventures

Tunisia

Tunisian insurtech EYST secures six-figure investment from 216 Capital

Tunisia-based insurtech startup EYST Technology raised a six-figure investment from 216 Capital to support its technological expansion...

EYST 216 Capital Insurtech

Saudi Arabia

Arib targets Saudi digital lending boom with $23.5M funding round

Saudi Arabia-based fintech Arib has raised $23.5 million in a funding round led by Merak Capital. The round included Sharia-compliant...

Arib Fintech Merak Capital

Global

Sweden's PlayReplay targets MENA expansion after new $12M investment

Swedish sportstech PlayReplay has raised $12 million in a funding round led by Alfvén & Didrikson. The round included...

PlayReplay Sportstech

Egypt

GrowthLabs acquires Startup Gate to build unified startup infrastructure across MENA

GrowthLabs, an Egypt-based startup ecosystem builder, acquired Startup Gate, an Egypt-based founder and investor network platform, for...

GrowthLabs Startup Gate

U.A.E

UAE-based eVoost AI expands globally after $2.2M funding round

UAE-based proptech eVoost AI has raised $2.2 million (€2 million) in a funding round led by First Drop VC and joined by...

eVoost AI First Drop VC Hub71

Global

Dealfuze launches AI-powered investor-founder matchmaking platform

Press release: Dealfuze, a London-based platform with deep MEA roots, today announced the launch of its closed beta waitlist alongside...

Dealfuze

Lebanon

B&Y Ventures launches Lebanon's first Angel Investor Network

B&Y Venture Partners has launched the Lebanese Angel Investor Network (LAIN), a curated angel investment network targeting...

Lebanese Angel Investor Network (LAIN) B&Y Venture Partners

Saudi Arabia

TruKKer secures up to $300M securitisation facility from ADCB

MENA-based digital freight network TruKKer secured an inaugural trade receivables securitisation facility of up to $300 million arranged...

Trukker ADCB

Saudi Arabia

a16z backs Saudi fintech Stitch in its first-ever GCC deal

Saudi Arabia-based fintech Stitch has raised $25 million in Series A funding led by the US-based VC Andreessen Horowitz (a16z). The...

a16z Stitch Andreessen Horowitz

U.A.E

Lyrie.ai exits stealth with $2 million pre-seed round

UAE-based cybersecurity startup Lyrie.ai has raised $2 million in pre-seed funding from unnamed investors and officially exited...

Lyrie.ai cybersecurity

Egypt

Egrobots unveils AI-powered harvesting robot built entirely by Egyptian engineers

Egrobots unveiled the first autonomous agricultural harvesting robot developed entirely by Egyptian engineers. The robot uses AI,...

Egrobots Agriculture robotics

Thought Leadership

All the information you need to navigate Mena's startup ecosystem

Thank you