Saudi Arabia Saudi Jahez acquires The Chefz for $172.9 million Saudi Arabia-based food delivery app Jahez has fully acquired The Chefz, a Saudi Arabia-based dessert delivery platform for $172.9... News • 30 November, 2022 Jahez The Chefz Food delivery
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... News • 29 November, 2022 Kitopi
Egypt 500 Global opens an office in Egypt, partners with ITIDA to launch support programmes for local startups US-based venture capital firm 500 Global is set to open an office in Egypt and has recently partnered with Information Technology... News • 28 November, 2022 500 Global
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... News • 28 November, 2022 Fenix Games Gaming
Egypt CyberTalents wins Black Hat’s $25,000 prize Egypt-based cybersecurity platform CyberTalents, has won a $25,000 prize in the Cyberseed Start-Up Global Competition, organised by the... News • 28 November, 2022 CyberTalents cybersecurity Black Hat
Global SWVL slashes over 50 per cent of its workforce, shuts operations in Pakistan UAE-based mass mobility services provider, SWVL, has laid off over 50 per cent of its staff, in a recent round of layoffs conducted by... News • 28 November, 2022 Swvl
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... Dunya Hassanein • 24 November, 2022 Swvl mobility
Egypt Flat6labs, Dar Al Handasah, SIAC launch 'Makers' to support contech startups in Egypt Egypt-based early-stage VC and accelerator Flat6Labs has partnered with construction company SIAC and engineering consultancy Dar Al... News • 23 November, 2022 Flat6Labs
Saudi Arabia Saudi edtech Jeel raises $1.1 million Seed from EdVentures Saudi Arabia-based edtech for pre-schoolers has raised a $1.1 million Seed round from EdVentures, the VC arm of Egypt-based Nahdet Misr... News • 22 November, 2022 Jeel EdVentures EdTech
Egypt Modus partners with USAID to launch venture builder in Egypt US-based and Mena-focused VC firm Modus, has partnered with USAID to launch a venture builder (MV Builder II) in Egypt, to build and... News • 22 November, 2022 Modus USAID MV Builder II
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... News • 22 November, 2022 Qashio
Egypt Grinta raises $8 million Seed round Egypt-based B2B marketplace Grinta, has raised $8 million Seed funding co-led by Raed Ventures and Nclude, alongside other investors... News • 21 November, 2022 Grinta Raed Ventures Nclude
Morocco Morocco's edtech startup SmartProf raises $110,000 pre-Seed round Morocco-based edtech Smartprof, has received a $110,000 pre-seed investment from UM6P Ventures, Plug and Play, alongside other... Dunya Hassanein • 21 November, 2022 SmartProf
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... News • 18 November, 2022 REKT Studios
Regional CONIX.AI raises $1.3 million pre-Seed round led by BIM Ventures UK-based and Egypt-born design tech CONIX.AI has raised $1.3 million led by BIM Ventures, announcing the commencement of its commercial... News • 17 November, 2022 Conix
Jordan Ibtikar Fund, Arco announce investment in Algebra Intelligence Ibtikar Fund and the Architects Contracting Company (Arco) have invested an undisclosed amount in Algebra Intelligence, a Jordan-based... News • 17 November, 2022 Ibtikar Fund Algebra Intelligence Architects Contracting Company
