Saudi Arabia Telgani raises seed funding Saudi Arabia-based car rental platform Telgani, has closed a six figure seed funding round. The round was backed by 500 startups, Saudi... Dunya Hassanein • 12 May, 2020 Telgani car rental
Egypt CVentures invests in London-based Countingup Source: MenaBytes CVentures, the venture capital arm of Egypt’s largest private bank CIB (Commercial International Bank) has... News • 11 May, 2020 Fintech Cventures CIB
Egypt Source Beauty raises pre-seed funding Egypt-based beauty e-commerce platform Source Beauty, has raised pre-seed funding from 500 Startups. Founded in 2018 by Lydia... Dunya Hassanein • 10 May, 2020 SourceBeauty ecommerce 500 startups
Egypt Swvl raises over $20 million in new funding round Source: MenaBytes Swvl, the Cairo-born mobility startup quietly raised over $20 million in a new round right before the spread of... News • 07 May, 2020 Swvl mass transport
Saudi Arabia Grintafy raises $1.25 million seed Saudi Arabia-based Grintafy Technologies, has raised $1.25 million in a seed funding round led by Wa'ed Ventures, with participation... Dunya Hassanein • 06 May, 2020 Sports entrepreneurship Grintafy
Regional UberEats shuts down in UAE, Saudi Arabia and Egypt Source: Reuters Uber (UBER.N) said on Monday it was closing down its Uber Eats operations in eight markets because they did not offer a... News • 04 May, 2020 UberEats Egypt foodtech
Regional World’s first Halal Angels Network aims to tap $5 trillion Source: Trade Arabia The World’s First Halal Angels Network was launched to promote Innovation, entrepreneurship & startups to... News • 04 May, 2020 Angel Investment India GCC
Regional yallacompare secures $4.25 million funding yallacompare, the UAE-based insurance aggregator, has secured new funding of $4.25 million from Gulf Insurance Group (GIG). The investment... News • 03 May, 2020 Insurance Investment yallacompare
Regional Wamda graduates second cohort of its fellowship programme Wamda X Wamda, the Mena region’s leading entrepreneurship platform, has graduated the second cohort of Wamda X, its grant-based fellowship... Wamda • 03 May, 2020 wamda x
Global Global Ventures invests in African healthtech startup Source: Zawya Dubai-based Global Ventures has co-led a $7 million investment with AAIC Japan in Helium Health, West Africa's largest... News • 30 April, 2020 healthtech covid-19
Egypt Pravica raises $500,000 pre-seed Cairo-based Pravica, (previously known as Dmails), has raised US$500,00 in a pre-seed round, led by 500 Startups, with the... Dunya Hassanein • 30 April, 2020 Blockhain Pravica 500 startups
Palestine Ibtikar Fund invests in Tawazon Ibtikar Fund has announced a seed investment in the Palestine-based meditation app Tawazon. Tawazon, or “balance” in Arabic,... Dunya Hassanein • 29 April, 2020 Ibtikar Fund Meditation Tawazon
U.A.E EMPG reaches unicorn status and announces merger with OLX Source: MenaBytes Dubai-based Emerging Markets Property Group (EMPG) that runs property portals in different emerging markets across the... News • 28 April, 2020 OLX EMPG Invesmtment
U.A.E Faith Capital invests in YouGotAGift’s share offering Kuwait-based venture capital firm Faith Capital announced its participation in the secondary share offering in Dubai-based online gifting... Dunya Hassanein • 26 April, 2020 yougotagift Faith capital E-gifting
Global EMPG acquires Thai online retailer Kaidee Source: Deal Street Asia Dubai-based online classified group Emerging Markets Property Group (EMPG), parent company of Bayut, has... News • 26 April, 2020 E-commerce EMPG
Egypt Mumm raises investment for ongoing pre-Series A Source: MENAbytes Cairo-based foodtech startup Mumm has raised an undisclosed amount of investment from Alex Angels, the startup... News • 26 April, 2020 foodtech Mumm
Saudi Arabia Taker raises seed funding Saudi Arabia-based Software as a Service (SaaS) startup Taker, has raised an undisclosed amount of seed funding in a round led by 500... Dunya Hassanein • 23 April, 2020 foodtech Seed funding
U.A.E Axeed labs announces $272,000 launchpad for startups, SMEs Source: Trade Arabia Axeed labs, the UAE-based mobile application and software development firm, has launched its Dh1 million ($272,000)... News • 21 April, 2020 smes Launchpad Covid19
Global Mubadala Capital invests in US-based Unlearn.AI Source: Techcrunch Unlearn.AI, which has built a machine learning platform that builds “digital twin” profiles of... News • 21 April, 2020 Mubadala Capital healthtech UnlearnAI
U.A.E Anghami pledges $3 million to SMEs Source: ITP Leading Middle East music platform Anghami has revealed a $3 million budget to help small businesses survive during the... News • 21 April, 2020 anghami covid-19
U.A.E Hubpay raises seed investment UAE-based Hubpay, a digital wallet for remittances has announced its seed round led by US venture capital firm, Signal Peak Ventures,... News • 20 April, 2020 Fintech financial inclusion hubpay
Oman OTF commits funding support to three online startups Source: Oman Observer The Oman Technology Fund (OTF), the Sultanate’s leading venture capital investment fund, has announced... News • 20 April, 2020 covid-19 Bahraini ecosystem OTF
Kuwait Baims secures first edtech funding in Kuwait Kuwait-based Baims has secured a seed round funding, the first education technology (edtech) investment in Kuwait. The round was led by... Shaimaa El Nazer • 15 April, 2020 EdTech Education
Global Falcon Eye Drones raises investment from Aerodyne Group Falcon Eye Drones Services (FEDS) Group Holdings, announced a “major strategic investment” from global drone-based management... Dunya Hassanein • 15 April, 2020 Drones Aerodyne Group Falcon Eye Drones