Wamda

Egypt

Contech startup Elmawkaa raises six-figure Seed round

Cairo-based construction technology (contech) startup Elmawkaa has raised a six-figure Seed round, led by Flat6labs and joined by a...

Elmawkaa Construction

Regional

Four Mena startups receive Village Capital’s Sustainability Mena 2021 investment

Four startups have won $20,000 each as part of Sustainability Mena 2021, a three-month investment readiness programme run by Village...

Village Capital Sustainability Mena 2021

Saudi Arabia

Khwarizmi Ventures announces first close of sector-agnostic fund

Saudi Arabia-based venture capital fund, Khwarizmi Ventures, has announced the first closing of its fund at $63 million. The VC,...

Khwarizmi Ventures

Egypt

Egypt’s Efreshli raises $550,000 Seed round

Cairo-based online interior design platform Efreshli has raised a $550,000 Seed round, led by angel investor Tarek Sakr and property...

Efreshli interior design

Egypt

Fintech Galaxy, GIZ launch accelerator programme for startups in Egypt, Jordan

UAE-based Fintech Galaxy has partnered with the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) to launch a new...

GIZ Fintech Galaxy

Egypt

B2B marketplace Talabeyah raises seven-figure pre-Seed

Cairo-based B2B F&B platform Talabeyah has raised a seven-figure pre-Seed round from strategic angel investors. Founded in July...

Talabeyah b2b

U.A.E

Morningstar Ventures invests $15 million in blockchain technology in Dubai

UAE-based accelerator Morningstar Ventures has announced a $15 million investment into Elrond related initiatives to provide strategic...

Morningstar Ventures Elrond cryptocurrency

Saudi Arabia

UAE-based cloud kitchen kaykroo expands operations into Saudi Arabia

UAE-based cloud kitchen kaykroo has expanded its services to Riyadh in Saudi Arabia. Launched in September 2020 by Jihad El-Eit and...

kaykroo foodtech cloud kitchen

U.A.E

STEPPI raises $1.8 million, partners with Embody Fitness

UAE-based health and corporate wellness platform STEPPI has raised $1.8 million in its latest funding round, led...

Steppi fitness and wellness

Iraq

Iraqi e-commerce platform Orisdi signs six-figure deal with Al Sharqiya TV

Iraq-based e-commerce site has signed a six-figure deal with Al Sharqiya TV Group, facilitated through the Iraqi Angel Investors Network...

Orisdi E-commerce

Egypt

Fawry invests in Sudan-based classifieds marketplace alsoug.com

Fawry, Egypt’s leading provider of e-payments solutions and digital banking services, has acquired a minority stake in Sudan-based...

fawry Alsoug

Egypt

GBarena raises six-figure pre-Series A funding

Cairo-based esports and tournaments platform GBarena has raised a six-figure pre-Series A funding round, led by angel investors Ahmed...

Gbarena Gaming

Saudi Arabia

Saudi Arabia’s OTO raises $3 million Seed funding

Saudi Arabia-based SaaS startup OTO has raised a $3 million Seed round from MEVP & Derayah Capital. Founded in 2019 by...

OTO SAAS Shipping

Tunisia

Q-commerce app Lamma raises funding from Orange Ventures

Tunisia-based last-mile delivery Lamma has raised fresh investment from Orange Ventures. The amount raised is undisclosed. Founded by...

Lamma Orange Digital Ventures

Egypt

Former Abbott VP Essam Abdelhady acquires stake in Nawah Scientific

Former Vice President Middle East, Turkey, Africa and Pakistan (METAP) of Abbott Essam Abdelhadi has acquired a stake in Egypt-based...

Nawah Scientific Series A

Saudi Arabia

Foodtech Siwar raises $7.5 million Series A round led by Seera Group

Saudi Arabia-based food tech startup Siwar has raised SR28 million ($7.45 million) in a Series A round, led by travel and tourism...

Siwar Seera group

U.A.E

AlgoDriven secures $2 million in Series A

UAE-based automotive data platform AlgoDriven, has raised $2 million in a Series A round led by Global Ventures. Other investors...

mobility AlgoDriven Global Ventures

U.A.E

Fetchr at risk of liquidation

UAE-based last mile delivery company Fetchr, is at risk of liquidation according to a report from Bloomberg, citing a letter sent...

Fetchr

Egypt

Sequence Ventures launches $31 million deeptech fund

Venture capital firm Sequence Ventures has launched a new EGP500 million ($31 million) fund dubbed Egypt Deep-Tech. The fund plans to...

Sequence Ventures deeptech VC

Egypt

Egypt’s insurtech Amenli raises $2.3 million Seed

Egypt-based insurtech Amenli has raised a $2.3 million Seed round from GFC, P1 Ventures, Liquid2 Ventures, Anim Fund with Costanoa VC,...

Amenli YCombinator

Morocco

Chari.ma raises $5 million Seed round

Morocco-based fintech and B2B e-commerce Chari.ma has raised a $5 million Seed round at a valuation of $70 million, co-led by...

Chari.ma B2B e-commerce

Bahrain

Bahrain’s Al Waha announces new investment in BY Venture Partners

Bahrain’s Al Waha Fund of Funds (Al Waha) has announced a new investment in Mena-based BY Venture Partners (BY) which is targeting...

Al Waha Fund of Funds BY Venture Partners Venture Capital

U.A.E

Wamda co-leads BitOasis $30 Million Series B round

UAE-based cryptocurrency exchange BitOasis has raised $30 million in a Series B round co-led by Wamda and US-based VC Jump...

BitOasis crypto

Regional

Noon.com to raise $2 billion over three to four years

E-commerce platform Noon.com is receiving $2 billion in financing from investors including Saudi Arabia’s sovereign wealth fund...

Noon ecommerce

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