Iraq Iraqi Islamic Bank partners with MSA Novo to fund tech-focused startups Iraq Islamic Bank (IIB) has partnered with MSA Novo (MSA) to launch a fund to invest in tech-focused startups in Iraq. The size of the... News • 10 August, 2022 Iraqi Islamic Bank MSA Novo
U.A.E Produze raises $2.6 million to digitise agri value chain UAE-based B2B marketplace Produze, has raised $2.6 million in a Seed round led by Accel, with participation from All In Capital, and... News • 10 August, 2022 Produze
U.A.E Everdome raises $10 million from GEM Digital UAE-based metaverse startup Everdome, has raised $10 million from Bahamian digital asset investment firm GEM Digital Limited. The... News • 10 August, 2022 Everdome
Egypt Egyptian e-commerce Sharwa raises $2 million pre-Seed Egypt-based social commerce platform Sharwa, has closed a $2 million pre-Seed funding round, co-led by Nuwa Capital and Hambro Perks... News • 10 August, 2022 Sharwa Nuwa capital Hambro Perks Oryx Fund
Egypt Egypt’s Convertedin raises $3 million Seed round Egypt-based marketing platform Convertedin, has raised a $3 million Seed round, led by Saudi Arabia-headquartered Merak Capital, with... News • 10 August, 2022 Convertedin Merak Capital
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 COTU Ventures raises capital from Dubai Future District Fund COTU Ventures, a venture capital firm offering capital for early stage startups, has raised investment from Dubai Future District Fund... Dunya Hassanein • 08 August, 2022 COTU Ventures
Egypt OneOrder receives $6.5 million from Contact Factoring Egypt-based OneOrder, a B2B e-commerce startup catering to the restaurant and hospitality sector, has signed an investment agreement... News • 08 August, 2022 OneOrder
Saudi Arabia KABI acquires HR tech startup BLOOVO Saudi Arabia-based human resources (HR) consultancy firm KABI Technologies, has acquired AI-powered recruitment solutions provider... News • 08 August, 2022 HR tech
Bahrain Bahrain’s Faceki raises undisclosed Seed round from Tenmou Bahrain-based AI startup Faceki, has raised an undisclosed Seed round from Bahraini business angel network Tenmou. Founded in... News • 07 August, 2022 Tenmou Faceki AI
U.A.E Procurified raises $1.1 million Seed funding UAE-based construction bid management platform Procurified has raised a $ 1.1 million Seed Round, led by UAE-based Aditum Investment... News • 04 August, 2022 Procurified Aditum Investment Management
Saudi Arabia Barakah raises $300,000 pre-Seed round Saudi Arabia-based food delivery startup Barakah has secured $300,000 in a pre-Seed round from Alriyadah Investments. Founded in 2021... News • 03 August, 2022 Barakah Alriyadah Investments Food & Beverage
U.A.E BNPL Tabby secures $150 million credit facility UAE-based fintech Tabby, has secured $150 million in debt financing from Atalaya Capital Management and existing investor Partners for... News • 03 August, 2022 Tabby BNPL Fintech
Egypt SWVL suspends $100 million acquisition of UK’s Zeelo Dubai-headquartered transport and mobility solutions provider SWVL, has canceled the proposed acquisition of Zeelo, a... Dunya Hassanein • 01 August, 2022 Swvl
Egypt Homzmart raises $23 million pre-Series B round Egypt-based furniture and home supplies marketplace Homzmart, has raised a $23 million pre-Series B round from STV, Impact46, Outliers... News • 01 August, 2022 Homzmart
Kuwait Kuwait’s Teeela raises $3.75 million pre-Series A Kuwait-based gifting platform Teeela, has raised $3.75 million in a pre-Series A funding round, led by Saudi Arabian investment firm... News • 01 August, 2022 Teeela Wealth Well gift marketplace
