Bahrain Unipal raises $500,000 to support Saudi expansion Bahrain-born startup, Unipal, has raised a $500,000 follow-on investment from Tenmou and Flat6labs, with participation from GTS and... News • 09 July, 2023 Unipal
Morocco Morocco’s Agenz secures $1.3 million pre-Series A Morocco-based proptech Agenz, has raised $1.3 million in a pre-Series A financing round from Azur Innovation Fund, Maroc Numeric Fund... News • 06 July, 2023 Agenz Azur Innovation Fund Maroc Numeric Fund II
U.A.E UAE’s HRtech alfii raises $2.5 million pre-Seed round UAE-based HRtech startup alfii has raised a pre-Seed funding round of $2.5 million, led by US-based venture capital firm, Preface... News • 06 July, 2023 alfii HR solutions HR tech
Egypt Egypt’s Masroofi raises $1.5 million Egypt-based fintech Masroofi, has closed a $1.5 million investment round from undisclosed investors. Founded in 2022 by Mostafa... News • 05 July, 2023 Masroofi Fintech
Saudi Arabia NOMU Group raises $5 million Seed round to expand product offering Saudi Arabia-based foodtech startup NOMU, has raised a $5 million Seed round from DIV Capital, Shurfah, Core Vision, Purity for... News • 04 July, 2023 Nomu
Global Islamic Coin raises $200 million from ABO Digital Switzerland-based cryptocurrency developer Islamic Coin has raised $200 million in private equity from Alpha Blue Ocean’s ABO... News • 04 July, 2023 Islamic Coin ABO Digital
Morocco Morocco’s Chari raises $1.5 million from Verof-Kepple Africa Ventures Morocco-based B2B e-commerce and fintech startup Chari has raised $1.5 million from Verof-Kepple Africa Ventures. The investment... News • 02 July, 2023 Chari
U.A.E Logistics provider Transportr closes eight-figure Seed round UAE-based logistics platform Transportr, has completed an eight-figure Seed funding round by Ittihad Ventures Holding, the VC arm of... News • 26 June, 2023 Transportr Logistics freight
Egypt Saudi VMS acquires minority stake in Egyptian accelerator Cash Cows Saudi VMS, a startup accelerator based in Saudi Arabia, has acquired a minority stake in its Egyptian counterpart, Cash Cows. The... News • 25 June, 2023 Cashcows
Bahrain UAE’s HashMove raises pre-Series A round led by Bunat Ventures UAE-based logistics platform HashMove has raised an undisclosed pre-Series A round, led by Bahrain’s Bunat Ventures in... News • 22 June, 2023 Bunat Ventures HashMove Logistics
Oman UzOman invests in ZOOD UzOman, a joint investment fund between Omani and Uzbek Sovereign Wealth Funds, has invested an undisclosed amount in Switzerland-based... News • 22 June, 2023 UzOman Zood
Egypt Egypt’s Agel raises pre-Seed round for its Shariah-compliant fintech platform Egyptian fintech startup Agel has raised a seven-figure pre-Seed round from Plus Venture Capital (+VC) and Seedstars International... News • 21 June, 2023 Agel
Egypt Egypt’s TFK acquires Opio to create all-in-one ecosystem Egypt-based fashion e-commerce marketplace The Fashion Kingdom (TFK) has acquired OPIO, a direct-to-consumer (D2C) fashion brand, for an... News • 21 June, 2023 Opio TFK The Fashion Kingdom
Egypt DMZ Cairo, EBank launch fintech bootcamp for Egyptian startups DMZ Cairo has partnered with the Export Development Bank of Egypt (EBank) to launch a fintech bootcamp for early-stage Egyptian startups... News • 21 June, 2023 DMZ Cairo
Egypt Acasia Angels invests in UK medtech Precision Cardiovascular Egypt-based angel investment group “Acasia Angels” has participated in the $750,000 Seed round in UK-based medtech Precision... News • 21 June, 2023 Acasia Angels Precision Cardiovascular medtech
Egypt Egypt announces five-year tax exemption for startups President Abdul Fattah El Sisi has announced a five-year tax exemption for startups, with an aim to boost the country’s ecosystem... News • 20 June, 2023 Egyptian ecosystem Startups in Egypt
