Wamda

U.A.E

UAE fintech LNDDO raises $3 million Seed round

UAE-based B2B fintech LNDDO has raised a $3 million Seed round backed by a network of investors led by H.H Sheikh Tahnoon Bin Shakhboot...

LNDDO Fintech

Regional

VentureSouq launches $50 million fund

GCC-based VC firm VentureSouq has launched the $50 million Mena FinTech Fund I, aiming to invest in early-stage fintech and SaaS...

VentureSouq Fintech

Saudi Arabia

Saudi NFT platform Nuqtah closes pre-Seed

Saudi Arabia-based NFT marketplace Nuqtah has closed its pre-Seed round led by Shorooq Partners and joined by strategic angel investors....

Nuqtah NFT

U.A.E

Cryptocurrency trading platform HAYVN closes Series A round

Abu Dhabi-based digital currency trading platform HAYVN has closed its Series A funding round for an undisclosed amount, led by Red Acre...

HAYVN cryptocurrency

U.A.E

Dubai-based HyperSpace raises $11 million Seed round

Dubai-based blockchain-enabled extended reality startup HyperSpace has raised $11 million in equity and development Seed funding, led by...

HyperSpace Blockchain

U.A.E

UAE-based neighbourhood app Hayi raises $325,000 Seed round

UAE-based “neighbourhood app” Hayi, has raised a $325,000 Seed round, led by Sarya Holdings and Falak Startups, with...

Hayi community app

U.A.E

UAE’s Swvl expands into Latin America by acquiring Argentina's Viapool

UAE-based Swvl has entered the Latin American mobility market by acquiring a controlling stake in Argentina's Viapool for...

Swvl Latin America

U.A.E

Foodlink raises $8 million in Series B funding round

UAE and India-based foodtech startup Foodlink, has raised $8 million in its Series B funding round, led by Arpit Khandelwal, the...

Foodlink foodtech

U.A.E

Etisalat acquires UAE-based elgrocer

Telecoms operator Etisalat has fully acquired UAE-based elgrocer, an e-grocery startup for an undisclosed sum. Founded in 2015 by...

elGrocer etisalat e-grocery

U.A.E

SDF to pour $150 million into local, international VC investments

The UAE’s Strategic Development Fund (SDF), the investment arm of Tawazun Holding, has allocated $150 million (DH551.2 million) to...

Strategic Development Fund SDF Tawazun

Saudi Arabia

BLOMINVEST partners with Flat6Labs to fund Saudi startups

Saudi Arabia-based asset manager BLOMINVEST has partnered with Egypt’s Flat6Labs to launch a fund targeting early-stage startups...

BLOMINVEST Flat6Labs

Saudi Arabia

Rasan raises $24 million for its Tameeni insurance platform

Saudi Arabia-based insurtech startup Rasan has raised SAR 90 million ($24 million) for its Tameeni platform in a round led by Impact46,...

Rasan Insurtech Fintech

U.A.E

Dubai-based Zofeur raises $500,000 Seed round

Dubai-based ride-hailing startup Zofeur has announced it raised a $500,000 Seed funding round in May 2021, led by angel...

Zofeur Transportation Dubai

U.A.E

Nomod raises $3.4 million seed round at $50m valuation to accelerate growth

UAE-based fintech Nomod, has raised a $3.4 million Seed round with participation from Y Combinator, Global Founders Capital Kingsway...

Nomod YCombinator

U.A.E

Dubai launches Dh1 billion Future District Fund

Dubai has launched a Dh1 billion ($272 million) Dubai Future District Fund to support Seed to growth-stage tech startups and encourage...

Dubai Future District Fund

U.A.E

Tarjama raises investment from Amethis to fuel global expansion

Amethis, an investment fund focused on Africa and Mena has acquired a minority stake in UAE-based Tarjama. Founded in...

Tarjama Amethis

Jordan

Jordan’s Abwaab raises $20 million Series A round

Jordan-based e-learning platform Abwaab has raised $20 million in a Series A funding round, led by existing investor BECO Capital (UAE)...

abwaab EdTech BECO Capital

Egypt

EdVentures invests $200,000 in Career 180 platform

Cairo-based edtech platform Career 180 has raised $200,000 from EdVentures. Founded in 2016 by Mohamed Akmal and Shorouk Alaa Eldin,...

EdVentures Career 180

Egypt

Fintech KIWE closes first financing round led by dfin Holding

Egypt-based fintech KIWE has raised its first investment round, led by dfin Holding with participation from EFG Hermes, Marakez for...

Fintech money transfer

Egypt

Egypt's edtech Tyro acquires Nafham

Egypt-based online tutoring platform Tyro has acquired Nafham, an edtech startup focused on school curricula of Egypt, KSA, and...

nafham EdTech

Oman

Oman’s Phaze Ventures launches $30 million fund to support early-stage startups

Oman-based VC firm Phaze Ventures has launched its $30 million venture capital fund, targeting early-stage startups in Mena, Europe...

Oman Oman Technology Fund Phaze Ventures

Saudi Arabia

n.go raises $1.8 million in first funding round

Saudi Arabia-based ordering platform for takeaways n.go, has closed its first investment round of $1.8 million (SAR7 million), led...

n.go e-delivery

U.A.E

Wamda participates in Verity's $800,000 pre-Seed round

UAE-based financial literacy startup Verity, has closed a $800,000 pre-Seed round, backed by regional venture capital firms,...

Verity Fintech financial literacy

Saudi Arabia

Saudi edtech AlGooru raises $600,000 pre-Seed funding

Saudi Arabia-based edtech AlGooru has raised $600,000 in a pre-Seed funding round from Nawa Co, Oqal Angel Network and...

AlGooru EdTech Nawa Co

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