Wamda

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...

Carzaty Oman marketplace

U.A.E

Sharjah launches media-focused venture builder “Shams Valley”

Sharjah Media City (Shams), in collaboration with Grow Valley, has announced the launch of Shams Valley, a venture-builder studio that...

Sharjah Media City SHAMS

U.A.E

The Dubai Future District Fund launches venture fellowship programme for Emiratis

The Dubai Future District Fund (DFDF) has launched a venture capital-focused fellowship programme, designed to equip Emirati...

Dubai Future District Fund

U.A.E

Morningstar Ventures invests $5 million in digital art gallery

UAE-based VC firm Morningstar Ventures, has invested $5 million in 37xDubai, an interactive and immersive digital art gallery to be open...

Morningstar Ventures NFT 37xDubai

U.A.E

Letswork raises $2.1 million Seed, expands to Saudi Arabia

Dubai-based marketplace for shared spaces Letswork has raised a $2.1 million Seed round, announcing the expansion of its operations to...

Letswork

U.A.E

Secret Skin raises $765,000 pre-Seed

UAE-based skincare sustainable beauty platform Secret Skin, has raised $765,000 in a pre-Seed funding round, led by angel investors,...

Secret Skin Beauty skin care

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...

Moove Nigeria Mobility Fintech

Global

KBW Ventures co-leads $12.3 million Series A round in US-based Black Sheep Foods

UAE-based KBW Ventures, founded by HRH Prince Khaled bin Alwaleed bin Talal Al Saud, has co-led a $12.3 million Series A round for...

KBW Ventures

U.A.E

Modus leads Koble’s $1.2 million pre-Seed round

UAE-based VC Modus, has led the $1.2 million pre-Seed funding round for UK-based investment firm Koble alongside Belgium-based VC...

Koble Modus Venture Capital

U.A.E

UAE’s Cavendish Maxwell to acquire majority stake in Property Monitor

UAE-based real estate advisory Cavendish Maxwell, has acquired a majority stake in proptech company Property Monitor for an unknown...

Cavendish Maxwell Property Monitor Proptech

U.A.E

Kitopi sacks 93 employees as diners head back to restaurants

Dubai-based cloud kitchen operator Kitopi, has laid off 10 per cent of its head officd workforce, amounting to 93 employees, according...

Kitopi

U.A.E

Fenix Games raises $150 million investment

UAE-based gaming platform Fenix Games, has raised $150 million in investment, led by Phoenix Group and Cypher Capital. Founded in 2022...

Fenix Games Gaming

U.A.E

More layoffs at SWVL as company risks delisting from NASDAQ

Mirroring its global peers, Egypt-born and UAE-based mass mobility startup SWVL is bracing itself for drastic monetary belt-tightening...

Swvl mobility

U.A.E

UAE fintech Qashio raises $10 million Seed to accelerate KSA expansion

UAE-based fintech Qashio, has raised $10 million in a Seed round through a mix of equity and no equity financing. Investors in...

Qashio

U.A.E

Rekt Studios raises $1.5 million from Cypher Capital to develop Meta gaming ecosystem

Rekt Studios, UAE-based blockchain-focused startup, has secured $1.5 million in funding from Cypher Capital. The funding will go...

REKT Studios

U.A.E

KLAIM raises $5 million Seed from Knuru Capital with plans to increase round to $30 million

UAE-based fintech KLAIM, has raised a $5 million Seed round from Knuru Capital, with plans to increase this to over $30 million by way...

KLAIM Knuru Capital healthtech

U.A.E

OurCrowd expands Abu Dhabi investment operations

Israel-based VC firm OurCrowd has announced the expansion of its Abu Dhabi operations with a new VC office and AI tech hub enabled by...

OurCrowd ADIO ADGM

U.A.E

UAE's baraka closes $20 million Series A led by Valar Ventures

UAE-based fintech baraka, has closed a $20 million Series A round led by Valar Ventures, the VC’s first regional investment....

Baraka Fintech Valar Ventures

U.A.E

Proptech Silkhaus raises $7.8 million Seed

UAE-based proptech Silkhaus, has raised a $7.8 million Seed round from Nuwa Capital, Nordstar, Global Founders Capital, Yuj...

Silkhaus

Turkey

Why the UAE’s Opontia is now focusing on Turkey

For centuries, Turkey, a country known for its rich culture influenced by both the East and West, has been a melting pot for trade and...

Opontia E-commerce

U.A.E

UAE’s Swftbox closes $2 million Seed round

UAE-based same-day delivery platform Swftbox has closed a $2 million Seed round, led by MENA Technology Fund, joined by Polymath...

Swftbox E-commerce Delivery

Saudi Arabia

Okadoc announces initial close of pre-series B led by IGan Partners

UAE-based healthtech Okadoc, has finished the first close of its pre-series B funding round at $10 million, led by IGan Partners, new...

Okadoc healthtech

U.A.E

Pyypl raises $20 million Series B round

UAE-based fintech Pyypl, has raised a $20 million Series B round from a group of international investors and ten of its existing...

Pyypl Fintech

U.A.E

Tarjama Group acquires subtitling and dubbing firm Screens

UAE-based Tarjama, a language technology and services provider, is acquiring Screens, the biggest subtitling, dubbing, and...

Tarjama acquisition

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