Saudi Arabia Tamara raises $150 million debt financing from Goldman Sachs Saudi Arabia-based fintech Tamara, has closed a $150 million debt financing round from Goldman Sachs, bringing the startup’s total... News • 16 March, 2023 Tamara Fintech Goldman Sachs
Saudi Arabia Beta Lab launches in Saudi Arabia to scale homegrown deeptech startups Beta Lab, a VC and co-creation studio dedicated to fostering the growth of deep technology startups, has launched in... News • 14 March, 2023 Beta Lab
Regional Mena: A fertile ground for tech IPOs Sandeep Ganediwalla is a partner at Redseer Strategy Consultants looking at the Middle East and Africa The Middle East and North Africa... Thought Leadership • 09 March, 2023 ipo
Saudi Arabia Flat6Labs launches $20 million Startup Seed Fund in Saudi Arabia Flat6Labs has finished the first close of its $20 million “Startup Seed Fund” in Saudi Arabia, with the participation of the... News • 13 February, 2023 Flat6Labs Startup Seed Fund
Regional What awaits startup exits in Mena? Looking back, the year 2021 was hard to emulate. After the pandemic-induced funding boom seen in 2021 and the first few months of 2022,... Dunya Hassanein • 31 January, 2023 M&A exits Exit
U.A.E UAE’s Revoltech among four winners of Global FoodTech Challenge UAE-based foodtech Revoltech is among the winners of the 2022 FoodTech Challenge, receiving a portion of the $2 million prize money to... News • 18 January, 2023 Revoltech Global FoodTech Challenge foodtech
Regional What is next for Careem's mobility of money? Careem remains one of the Middle East’s biggest success stories, inspiring a legion of entrepreneurs and generating one of the... Triska Hamid • 16 January, 2023 Careem Pay careem Fintech
U.A.E The venture builder helping female-led agritechs scale beyond the desert The female share in the agricultural workforce in the Middle East and North Africa (Mena) hovers around 30 per cent, making the sector one... Dunya Hassanein • 22 December, 2022 agritech Dana Global
Oman Carzaty: The realistic exit The used car market is worth over $16 billion in the GCC alone, but it is a highly fragmented sector, with mostly small resellers and... Triska Hamid • 19 December, 2022 Carzaty Oman marketplace
U.A.E Moove raises $30 million from debut sukuk for UAE expansion Nigeria-based mobility fintech and Moove is raising $30 million through its first Sukuk issuance arranged by Franklin Templeton... News • 12 December, 2022 Moove Nigeria Mobility Fintech
Egypt Nawah Scientific: Pivoting its way to expansion Startups go through several changes within their first few years in operation as founders struggle to find and validate their product... Dunya Hassanein • 03 November, 2022 deeptech Nawah Scientific
U.A.E VUZ raises $20 million Series B investment UAE-based social app VUZ has raised $20 million in Series B investment, from Caruso Ventures, Vision VC Fund, e& capital, Dubai... News • 13 October, 2022 VUZ Social App XR
Egypt Vezeeta raises undisclosed growth funding Egypt-based healthtech Vezeeta has raised an undisclosed amount of growth funding, from Abu Dhabi-based Gulf Capital and Sweden-based... News • 11 October, 2022 Vezeeta Gulf Capital healthtech
U.A.E LinkedIn reveals top UAE startups for 2022 LinkedIn has announced its annual ranking of the top 10 UAE-based startups that have demonstrated exceptional growth in the past year... News • 28 September, 2022 LinkedIn startups
Egypt Tabby partners with Paymob to offer BNPL to Egyptian retailers UAE-based fintech Tabby, has partnered with Egypt’s digital payment solution fintech Paymob to create a seamless buy now pay later... News • 27 September, 2022 Tabby Paymob BNPL
Egypt Egypt’s mental health startup Shezlong expands to South Africa Egypt-based healthtech startup Shezlong, has announced the expansion of its business to South Africa under the brand name of... News • 02 September, 2022 shezlong
Regional Mena to witness more than 45 unicorns by 2030, STV report Mena is set to witness the birth of more than 45 unicorns in the next eight years, with an estimated total equity value to reach more... News • 09 August, 2022 STV Fintech Unicorn
U.A.E Dukkantek expands to six new markets UAE-based store management platform Dukkantek, has expanded to six additional markets besides the UAE, including Kuwait, Qatar, Bahrain,... News • 09 June, 2022 Dukkantek
U.A.E Majid Al Futtaim launches new accelerator to support regional SMEs UAE-based retail group Majid Al Futtaim and AstroLabs have launched Majid Al Futtaim Launchpad, an accelerator programme that aims to... News • 08 June, 2022 Majid Al Futtaim Astrolabs accelerator
Saudi Arabia Endeavor launches report on state of Saudi startup ecosystem A report published by Endeavor Saudi Arabia highlights the rapid growth of the country's startup sector. Riyadh’s tech... News • 26 April, 2022 Endeavor Mapping The Riyadh Tech Sector
Regional Retailo acquires UAE's DXBUY Saudi Arabia-based B2B marketplace Retailo has acquired UAE-based DXBUY for an undisclosed amount. The acquisition is part of... News • 22 April, 2022 Retailo DXBUY
Global SWVL acquires German mobility software startup door2door Dubai-based mobility startup SWVL, has acquired Berlin-based public mobility solutions provider door2door for an undisclosed... News • 27 March, 2022 Swvl
U.A.E Quiqup receives $1.36 million loan from MBRIF UAE-based last-mile delivery provider Quiqup has raised $1.36 million as a guarantee for a loan from The Mohammed Bin Rashid Innovation... News • 07 March, 2022 Quiqup q-commerce MBRIF
Egypt Milezmore raises $5 million pre-Seed round from Brimore Cairo-based logistics provider Milezmore has raised a $5 million pre-Seed round from Brimore, a social commerce startup based in... News • 28 February, 2022 Brimore Milezmore