Wamda

Qatar

Qatar’s Pass secures $2.7 million in its pre-Series A

Qatar-based delivery app Pass has raised $2.7 million in its pre-Series A funding round from undisclosed investors. Launched by the...

Pass Logistics

Palestine

Palestinian entrepreneurs draw attention at Expand North Star

Between 13-16 October, 18 Palestinian startups participated in the 2024 GITEX Expand North Star Conference in Dubai. This event offered...

Expand North Star

Saudi Arabia

Wa’ed Ventures earmarks $100 million to invest in Saudi AI sector

Aramco’s $500 million VC fund, Wa’ed Ventures, has allocated $100 million for early-stage AI investments to support...

Wa'ed Ventures Aramco AI

Saudi Arabia

TGE raises $450,000 investment from Adaverse

Saudi Arabia-based Web3 provider Tharawat Green Exchange (TGR) has raised $450,000 in investment from Adaverse, a Saudi Web3 and...

TGE Tharawat Green Exchange Adaverse

Regional

Google launches “AI First” startup accelerator in MENA

Tech giant Google has launched its Google for Startups Accelerator: AI First programme during an event at the Dubai Future Foundation...

Google Google for Startups Accelerator AI First

Kuwait

Kuwaiti edtech Tadarab expands into Saudi Arabia

Kuwait-based edtech Tadarab has expanded into Saudi Arabia as part of its strategic plan to meet the growing demand for online education...

Tadarab EdTech

Morocco

Morocco’s Colis.ma secures $300,000 pre-Seed from Witamax

Morocco-based cross-border logistics startup Colis.ma, a leading Moroccan startup has closed its pre-seed funding round at $300,000 from...

Colis.ma Logistics WitaMax

Egypt

South Africa’s Pargo expands to Egypt with $4 million fresh investment

South Africa-based e-commerce logistics startup Pargo has expanded into the Egyptian market after raising $4 million in investment, led...

Pargo Logistics E-commerce

Egypt

Sawari Ventures targets raising $200 million for second fund

The Egypt-based venture capital firm Sawari Ventures will launch its second fund in early 2025 with a target of $200...

Sawari Ventures

Regional

MENA e-commerce grew by 80% since 2020, Checkout.com's report suggests

The digital commerce in MENA in recent years saw digital payment volumes grow by 658% since 2020, according to Checkout.com’s...

Checkout.com E-commerce digital payment

Egypt

Egypt's Viridia Tech wins 2024 Mega Green Accelerator grand prize

Egypt-based agritech Viridia Tech has been named the overall winner of the 2024 Mega Green Accelerator, awarded the $100,000 grand prize...

Viridia Tech 2024 Mega Green Accelerator Pepsico

U.A.E

UAE’s proptech Prypco raises $10 million Seed round

UAE-based proptech Prypco has raised $10 million in a Seed funding round, led by Shorooq Partners, with participation from Apparel Group...

Prypco Shorooq Partners

U.A.E

invygo pursues profitability after raising $8 million Series A extension

Saudi Arabia-headquartered mobility startup invygo has raised an $8 million Series A extension provided by STV’s newly launched...

Invygo STV mobility

U.A.E

UAE’s Best Kept Shared acquires BAZAARA

UAE-based e-commerce platform Best Kept Shared has acquired the UAE’s peer-to-peer (P2P) fashion resale platform BAZAARA for an...

Bazaara Best Kept Shared Fashion

Saudi Arabia

HALA Payments joins Saudi Unicorns Programme

Saudi Arabia-based fintech HALA Payments has been selected to join the Saudi Unicorns Programme. Through the Saudi Unicorns...

HALA Payments Fintech Saudi Unicorns Programme

Saudi Arabia

Saudi B2B fintech Mala secures $7 million pre-Seed

Saudi Arabia-based fintech Mala has closed a $7 million pre-Seed funding round, led by VentureSouq and Shorooq Partners, as well as M...

Mala Fintech Venture Souq

U.A.E

Abhi closes $15 million debt round led by Shorooq Partners

UAE-headquartered fintech Abhi has secured $15 million in debt financing led by Shorooq Partners and Amplify Growth...

Abhi Shorooq Partners Amplify Growth Partnership

Saudi Arabia

JARAS Hospitality secures $666,000 pre-Seed

Saudi Arabia-based JARAS Hospitality has closed a $666,000 pre-Seed, led by undisclosed angel investors. Founded in 2023 by Ahmed Al...

JARAS Hospitality hospitality

Saudi Arabia

SVC pledges $15 million to Vision Ventures' Saqr Fund II

Saudi Venture Capital (SVC) has invested $15 million in Vision Ventures' Saqr Fund II venture capital fund. Saqr Fund II, with a...

Vision ventures SVC Saqr Fund II

Regional

Moonbase Capital launches $15 million SME investment vehicle

Spain-based search fund investment firm Moonbase Capital has launched a $15 million investment vehicle aimed at backing talented...

Moonbase Capital smes

Saudi Arabia

Jetapult pumps $4.5 million in Saudi game studio UMX

Saudi Arabia-based game studio UMX has raised $4.5 million from Jetapult, an investment company backed by Accel Partners. As part of...

UMX Studio Jetapult Gaming

Saudi Arabia

Tawaref acquires Amaana.ai to bolster MENA tech community

Saudi Arabia-based investment community Tawaref has acquired Amaana.ai, a Saudi company facilitating business entry into Saudi Arabia,...

Tawaref Amaana.ai

Saudi Arabia

SWVL joins Saudi Arabia's regional headquarters scheme

The mobility giant Swvl has joined Saudi Arabia's Regional Headquarters (RHQ) Programme and launched its HQ in the Saudi capital of...

Swvl mobility

Egypt

Rabbit Mobility raises $1.3 million to fuel expansion plans

Egypt-based micromobility platform Rabbit Mobility has closed a $1.3 million investment round, led by 500 Global and Untapped Global,...

Rabbit Mobility micromobility

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