Egypt Egypt’s Appetito acquires Tunisia’s Lamma Egypt-based q-commerce Appetito has acquired Tunisia’s Lamma to expand operations in Morocco, Tunisia and West Africa for an... News • 01 June, 2022 Appetito Lamma q-commerce
U.A.E Pure Harvest Smart Farms acquires BayWa's interest in agritech venture UAE-based agritech Pure Harvest Smart Farms is forming an alliance with Al Dahra Group by acquiring BaWa’s controlling interest... News • 01 June, 2022 Pure Harvest Smart Farms agritech acquisition
Egypt Grubtech expands to Egypt UAE-headquartered foodtech startup Grubtech, has announced its expansion to Egypt, planning to invest $5 million into operations over... News • 01 June, 2022 GrubTech
U.A.E UAE’s Alpha Waves invests in India’s Cuemath UAE-based Alpha Wave has invested in Indian edtech Cuemath, as part of its recent fundraising estimate at $57 million, alongside other... News • 01 June, 2022 Cuemath Alpha Wave
U.A.E UAE’s Augustus Media acquires CamPlus Sports UAE-based Augustus Media has acquired CamPlus Sports, the Dubai-based sports system integrator, that portrays live matches and on-demand... News • 31 May, 2022 Augustus Media CamPlus
Saudi Arabia Tarabut Gateway partners with four Saudi banks as open banking nears Bahrain founded and UAE-based open banking platform Tarabut Gateway has partnered with four banks in Saudi Arabia, including Riyad Bank,... News • 31 May, 2022 Tarabut Gateway Open banking
Egypt Egypt’s CASF invests in South Africa’s Finclusion Group Egypt-based micro VC fund The Cairo Angels Syndicate Fund (CASF) has invested an undisclosed amount in the South Africa-based fintech... News • 30 May, 2022 CASF Cairo Angels Syndicate Fund Fincusion Group
U.A.E UAE’s Cypher Capital invests in Spain’s Iomob Dubai-based blockchain-focused VC firm Cypher Capital, has invested in Spain-based decentralised marketplace, Iomob. Founded in 2018... News • 30 May, 2022 Cypher Capital Iomob
Global SWVL to lay off 32 per cent of its workforce, expects to turn profitable in 2023 Egypt-born and Dubai-headquartered mobility startup SWVL, announced plans to reduce its workforce by 32 per cent. The planned layoffs... News • 30 May, 2022 Swvl
Oman Snoonu acquires Oman’s Akeed Qatar-based super app Snoonu, has acquired Oman’s food delivery platform Akeed for an undisclosed sum. Founded in 2019 by Hamad... News • 30 May, 2022 Snoonu Akeed
Jordan US’ Novajax acquires Jordan's Jobedu Jordan-based fashion brand Jobedu has been acquired by the US-based Web3 platform Novajax, for an unknown sum. Founded in 2007 by... News • 30 May, 2022 Novajax Jobedu Fashion
Egypt Gooo Delivery raises pre-Seed round Egypt-based on-demand delivery startup Gooo Delivery has closed a pre-Seed round. The amount raised was not disclosed. Founded in 2020... News • 26 May, 2022 Gooo Delivery Delivery
Saudi Arabia STC, Alibaba to launch Alibaba Cloud in Saudi Arabia Saudi Arabia’s national telecoms provider STC Group has partnered with China’s Alibaba Group to establish Alibaba Cloud for... News • 26 May, 2022 STC Alibaba Alibaba Cloud
Tunisia 216 Capital Ventures raises $9.6 million for first close of its fund Tunisia-based VC firm 216 Capital Ventures has raised $9.6 million in the first tranche of its 216 Capital Fund, of which $6.4... News • 26 May, 2022 212 Capital
Morocco Morocco’s Cloudfret raises $1 million to back expansion Morocco-based SaaS startup Cloudfret, has raised a $1 million round, led by Plug and Play, PRC Ventures ICAV, Azur Innovation Fund,... News • 26 May, 2022 Cloudfret
Saudi Arabia iStoria raises pre-Seed round from Nama Ventures Saudi Arabia-based edtech iStoria has raised an undisclosed pre-Seed funding round from Nama Ventures. Founded in August 2020 by... News • 26 May, 2022 iStoria Nama Ventures
