Wamda

U.A.E

Pluto raises $6 million Seed round

UAE-based fintech Pluto announced its emergence from stealth mode with a $6 million Seed round, led by Global Founders...

Pluto

Global

SWVL raises additonal $21.5 million in PIPE funding

UAE-based mobility solutions provider SWVL has raised an additional $21.5 million in private investment in public equity (PIPE) deal as...

Swvl

U.A.E

Datacultr raises $1 million Seed

UAE-based fintech has raised a $1 million Seed funding round, led by London-based Sturgeon Capital, along with Seedstars...

Fintech

U.A.E

Letswork acquires Portugal-based Krow

UAE-based shared spaces marketplace Letswork has acquired Portugal-based Krow, marking the startup's first expansion outside its...

Letswork

U.A.E

UAE-based Takalam raises $1 million pre-Seed round

UAE-based healthtech Takalam has raised $1 million in a pre-Seed round, led by Emirates Angels members, along with Nowaisi Investments,...

Takalam healthtech mental health

U.A.E

Alpha Wave Global invests in Moglix's $250 million Series F funding

India-based logistics startup Moglix has raised $250 million in Series F funding round, at a valuation of $2.6 billion, led by Tiger...

Moglix Logistics E-commerce

U.A.E

Qlub raises $17 million Seed round

UAE-headquartered fintech Qlub has raised a $17 million Seed round, co-led by Cherry Ventures and Point Nine, with participation...

Fintech

Kuwait

COFE App acquires UAE's Sippy Beans

Kuwait-based online coffee marketplace COFE App has announced the acquisition of UAE-based Sippy Beans, as part of the company's...

COFE

Saudi Arabia

Saudi agritech Red Sea Farms expands into US

Saudi Arabia-based agritech Red Sea Farms is expanding to the US, following an investment from US investors AppHarvest and Bonaventure...

agritech Red Sea Farms

U.A.E

$150 million VC fund to boost India-UAE startup ecosystem

HCL Founder and Chairman of Startup Committee FICCI, Dr Ajai Chowdhry has launched an India-UAE VC Fund of $150 million with the aim to...

HCL FICCI India

U.A.E

UAE’s Chimera Capital closes second fund Alpha Wave Ventures II at $10 billion

UAE-based investment firm Chimera Capital has closed its second VC fund Alpha Wave Ventures II at $10 billion, co-managed with...

Chimera Capital Alpha Wave Ventures II

U.A.E

Anghami set for NASDAQ listing as Vistas shareholders approve merger

A merger between Lebanon-founded music streaming startup Anghami and Vistas Media Acquisition Company, a publicly traded special...

anghami SPAC

U.A.E

UAE’s Hamples raises pre-Seed round from Nama Ventures

UAE-based try-before-you-buy e-commerce Hamples has raised pre-Seed funding round for an undisclosed amount by Nama Ventures. Founded ...

Hamples Nama Ventures

Jordan

ISSF invests $1.5 million in Global Ventures

Innovative Startups and SMEs Fund (ISSF) has invested $1.5 million in UAE-based Global Ventures, a venture capital fund that invests in...

ISSF Global Ventures

U.A.E

UAE’s logistics startup Shorages raises $700,000 Seed funding

UAE-based logistics startup Shorages has raised a Seed round of $700,000. Founded in 2019 by Rayan Osseiran, Shorages provides...

Shorages E-commerce Logistics

U.A.E

Proptech Huspy acquires UAE-based Home Matters

UAE-based proptech Huspy has acquired Home Matters, a mortgage consultancy for the UAE and UK markets. The combined...

Proptech huspy

U.A.E

Travel brand as a service platform Dharma launches after raising $3.5 million

UAE-based travel brand as a service startup Dharma has raised $3.5 million led by Convivialite Ventures with additional backing from...

Dharma

U.A.E

Fifteen startups graduate from Microsoft’s GrowthX Accelerator programme

Fifteen startups have graduated from the first cohort of the GrowthX Accelerator programme backed by Microsoft, in partnership with the...

GrowthX Accelerator microsoft ADIO

U.A.E

Startups and SMEs can only grow with access to funding

Ahmed Mohamed Al Naqbi is the chief executive officer of Emirates Development Bank The UAE government is steadfast in its commitment...

funding gap

U.A.E

Gaming platform Zone raises $2.35 million

UAE-based gaming and decentralised finance (gamefi) ecosystem Zone, has raised $2.35 million, from DAO Maker, GSR, Altonomy,...

Zone GameFi

U.A.E

Fitness app Fit On Click raises $1.5 million pre-Series A round

UAE-based fitness startup Fit On Click has closed a $1.5 million pre-Series A funding round led by Arrow Capital. Founded in 2017, by...

Fit On Click ARROW CAPITAL

U.A.E

Verofax raises $1.5 million in pre-Series A round

UAE-based blockchain provider Verofax Limited has raised $1.5 million in its pre-Series A round, led by Benson Oak Ventures, with 500...

Verofax Blockchain

U.A.E

Nice to Meet You raises $1 million Seed

UAE-based digital authentication startup Nice to Meet You (NTMY), has raised a $1 million Seed round to hire new talent and...

Nice to Meet You Digital authentication startups

U.A.E

Digital bank Zand set to launch after Dubai Bank acquisition

The shareholders of Zand, a digital bank that caters to retail and corporate clients, have acquired a majority stake in Dubai Bank...

neobanks Zand

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