Wamda

Egypt

Egyptian healthtech Bypa-ss raises $1 million in pre-Seed

Egypt-based healthtech startup Bypa-ss has closed a $1 million round from Egyptian and foreign investors, with participation from Magic...

healthtech Bypa-ss

U.A.E

Farmin, Kanari AI win GITEX Supernova Challenge

UAE-based Farmin and Kanari AI have won the 2021 GITEX Future Stars’ Supernova Challenge for their achievements in the artificial...

Farmin Kanari GITEX 2020

Regional

Illegal data collection, financial data theft are major concerns for GCC consumers, GPI study shows

Saudi Arabia and the UAE have among the world’s largest prepaid markets according to Ding’s bi-annual Global Prepaid Index...

GPI Ding GCC

Bahrain

Tarabut Gateway raises $12 million pre-Series A led by Tiger Global

UAE-based open banking platform Tarabut Gateway has raised $12 million in a pre-Series A round led by Tiger Global, alongside new...

Fintech Open banking Tarabut Gateway

Iraq

Iraq Venture Partners, new venture fund launches to support Iraqi startups

Several Iraqi investors have come together to launch a new VC, Iraq Venture Partners (IVP). Established by Omar Al-Handal,...

Iraq Venture Partners IVP VC

Egypt

Shipblu raises $2.4 million Seed round to back expansion

Egypt-based last-mile delivery startup ShipBlu has raised a $2.4 million Seed round led by Nama Ventures. Founded by Ali...

ShipBlu

U.A.E

Fero raises $1.1 million in pre-Series A

UAE-based supply chain SaaS startup Fero has closed a $1.1 million pre-Series A round from an undisclosed institutional investor and...

Fero freight SAAS

Egypt

Kuzlo closes pre-Seed round by Nama Ventures

Alexandria-based B2B marketplace Kuzlo has raised an undisclosed amount of funding in its pre-Seed round, led by Nama...

Nama Ventures Kuzlo

Regional

Organon, Flat6Labs launch accelerator to support female-focused healthtech in Mena

Flat6Labs has partnered with Organon to launch the Femtech Accelerator Programme to help healthtech startups focused on women’s...

Organon Flat6Labs

Algeria

Algerian Startup Financing Fund raises $7.2 million to support local startups

The Algerian Startup Financing Fund has raised DA1 billion ($7.2 million) to fund startups in Algeria. The fund was launched during...

Algerian Startup Financing Fund Algeria Disrupt 2020

U.A.E

Pure Harvest raises $64.5 million from Korea's IMM Investment, enters JV with PlanTFarm

UAE-based agritech startup Pure Harvest Smart Farms has secured $64.5 million in growth capital from Korean private investment firm IMM...

agritech Pure Harvest Smart Farms

U.A.E

Getbee raises $1.8 million pre-Series A

UAE-based Getbee has raised $1.8 million in a pre-Series A round from Altitude Capital, B & Y Venture Partners, and +VC, as...

retail tech Getbee b2b

U.A.E

Shorooq Partners launches The Nahda Fund 1 to support Mena startups

Abu Dhabi-based VC Shorooq Partners has launched The Nahda Fund 1, a venture-debt fund, in partnership with South Korea’s IMM...

Shorooq Partners IMM Investment Global The Nahda Fund 1

U.A.E

Chimera Capital’s closes $50 million second fund

Abu Dhabi-based Chimera Capital, a subsidiary of private investment firm Chimera Investment, has announced the close of its second fund...

uae Chimera venture capital fund

U.A.E

Fitness app Fitlov raises $500,000 pre-Series A

The UAE-based fitness app Fitlov has raised $500,000 in a pre-Series A fundraise through angel investment. Founded in February 2018 by...

Fitlov fitness

Lebanon

BY Venture Partners closes $50 million BY Fund II

Abu Dhabi and Beirut-based VC BY Venture Partners has closed its second fund, BY Fund II, valued at $50 million to be invested in...

BY Venture Partners BY Fund II VC

U.A.E

Morningstar Ventures invests $15 million in blockchain technology in Dubai

UAE-based accelerator Morningstar Ventures has announced a $15 million investment into Elrond related initiatives to provide strategic...

Morningstar Ventures Elrond cryptocurrency

Regional

Four Mena startups receive Village Capital’s Sustainability Mena 2021 investment

Four startups have won $20,000 each as part of Sustainability Mena 2021, a three-month investment readiness programme run by Village...

Village Capital Sustainability Mena 2021

Egypt

Sequence Ventures launches $31 million deeptech fund

Venture capital firm Sequence Ventures has launched a new EGP500 million ($31 million) fund dubbed Egypt Deep-Tech. The fund plans to...

Sequence Ventures deeptech VC

Egypt

Egypt’s Efreshli raises $550,000 Seed round

Cairo-based online interior design platform Efreshli has raised a $550,000 Seed round, led by angel investor Tarek Sakr and property...

Efreshli interior design

Saudi Arabia

Saee plans IPO on Nomu

Saudi Arabia-based last-mile delivery startup Saee is planning to offer an initial public offering (IPO) next year on Nomu, Saudi...

Saee Last-mile delivery Nmou

U.A.E

Fintech Galaxy closes $2 million Seed funding

UAE-based Fintech Galaxy has raised $2 million in a Seed funding round, led by Jordan’s Ahli Fintech and joined by Raz Holding...

Fintech Galaxy Fintech

Regional

Azimut, GELLIFY launch joint $50 million VC fund to support B2B Mena startups

The Italian management group Azimut (ME) Limited ADGM, in partnership with GELLIFY Middle East is launching a VC fund targeting a fund...

Azimut GELLIFY VC

U.A.E

MBRSC launches Space Ventures to support space-focused startups

The Mohammed Bin Rashid Space Centre (MBRSC) has announced the launch of Space Ventures, a launchpad for global and regional startups in...

Space Venture

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