Wamda

Tunisia

Tunisian gaming startup raises $600K

The Tunisian startup Polysmart, which specializes in the design of video games has just raised 1.5 million Tunisian dinars (US$600,000)...

Gaming creative industries video games

U.A.E

RTA inks agreement with Volocopter for flying taxi

The Roads and Transport Authority (RTA) yesterday announced its extension of the test run of its manned Autonomous Aerial Taxi (AAT) to...

Dubai RTA Transport

Lebanon

Turkish second-hand clothing site raises $2M in Series B, led by MEVP

Modacruz, a leading mobile marketplace of second hand women fashion items in Turkey, announced today that it has raised $2 million in a...

MEVP Investment modacruz

Morocco

Morocco’s Waystocap raises $3M in seed funding

According to Techcrunch, Moroccan startup Waystocap has raised $3 million to expand its reach in Africa. The platform is a marketplace...

ecommerce marketplace Casablanca

Palestine

Alwaleed injects $62M in $500M Series E funding Careem

(Editor’s note: This article has been updated to include the new capital injection of Prince Alwaleed Bin Talal and the announcement...

news careem palestine

Lebanon

$3.2M for the UK Lebanon Tech Hub and 6 finalists for their new program The Nucleus

The Central Bank of Lebanon will fund the UK Lebanon Tech Hub (UKLTH) with $3.2 million, matching the funding pledged by the UK Embassy,...

UK Lebanon Tech Hub Central Bank Lebanon Dox

Regional

Bloovo receives $3M in investment

Bloovo, a Dubai-based algorithmic online recruitment platform founded in 2016, closed a $3 million funding round. The co-investment was...

recruitement online platform

Turkey

Two winners at GE 36-hour internet hackathon in Turkey

During the past weekend, GE hosted over 30 Turkish entrepreneurs and developers in the country’s first Industrial Internet Hackathon....

hackathon automotive

U.A.E

Beauty and wellness platform Shedul.com raises $6M

Dubai-based Shedul.com, a free booking platform for salons and spas, closed this week a $6 million round of Series A funding. The funds...

MEVP BECO Capital Shedul

Egypt

Algebra Ventures invests $1.5M in Egyptian food discovery platform Elmenus

Elmenus, one of the largest Egyptian food discovery platforms, received a $1.5 million investment in a Series A funding round from Algebra...

Regional

Video analytics startup Mintrics receives seed funding from Numu Capital

Numu Capital, the Dubai-based venture capital seed fund, has invested in Mintrics, a social video analytics dashboard. The startup uses...

startup seed investment Social Media

Lebanon

Lebanese Car wash app Blink My Car raises $1.2 million

The brainchild of two Beirut natives, Blink My Car received $1.2 million in a seed round last week. The investment round was led by...

U.A.E

Dubai launches a smart city accelerator

His Highness Sheikh Ahmed bin Saeed Al Maktoum, chairman of Dubai Silicon Oasis Authority (DSOA), opened the Dubai Smart City Accelerator,...

dubai smart city accelerator dubai silicon oasis

Global

MIT's new technologies for extracting drinking water from the air

Operating out of MIT the Abdul Latif Jameel World Water and Food Security Lab (J-WAFS) is an initiative that coordinates and promotes...

MIT Abdul Latif Jameel World Water and Food Security Lab

Lebanon

Lebanese automotive marketplace receives $1.8M seed fund

Lebanese automotive marketplace Seez have received $1.8 million in seed funding from B&Y, Phoenician Funds, and Wamda Capital. Seez...

Seez seed fund B&Y

U.A.E

GITEX announces its 2017 Startup event, $180K in prize money

GITEX Startup 2017 has announced that it will be taking place this year in Dubai October 8-12 as part of the GITEX Technology...

uae GITEX news watch

Kuwait

Kuwait’s Carriage acquired by Delivery Hero

Delivery Hero Group (Delivery Hero), the global online food ordering and delivery marketplace, announced today it has agreed to acquire...

Carriage Delivery Hero kuwait

Lebanon

Lebnet Ignite#4 graduates 8 startups

Lebnet Ignite#4, a program designed to immerse Lebanese startup founders in the Silicon Valley culture, graduated this year eight startups....

LebNet Lebnet Ignite

Lebanon

AUB and UKLTH to fund diabetes solution

UK Lebanon Tech Hub (UKLTH) announced today that it will fund the research and development of Ediamond (electromagnetic diabetes monitoring...

news watch UK Lebanon Tech Hub aub

Saudi Arabia

STC announces the establishment of its $500M VC fund, STV

Saudi Telecom Company (STC) announced today the establishment of STV, a technology venture capital fund of $500 million. STV will have...

STC STV Saudi Arabia

Global

Hikma Ventures co-leads $11M Series A round in US startup

Hikma Ventures has participated in a $11 million round of financing for Lemonaid Health. The Series A funding round was led by Novartis...

Hikma Ventures Hikma Pharmaceutical Healthcare

Lebanon

Darwazah Contest Awards proves everyone's a winner

Eight startup ideas were selected to take part in the Darwazah Contest Awards, which took place at the American University of Beirut (AUB)...

Darwazah aub

Egypt

Cairo Angels invests in Orcas

Cairo Angels announced its investment in Orcas, an edtech startup for education, tutoring and caregiving services. Formerly Cairo...

cairo angels Orcas

Egypt

GE Egypt Digital Innovation Challenge announced the winners

Last week, the GE Egypt Digital Innovation Challenge announced three winners, on May 22nd, after reviewing more...

Egypt Egypt Innovate tiec

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