Wamda

Global

Chinese mobile internet company to boost its presence in the MENA region following a Series A round

OneMena, a China-based mobile internet company, has recently raised a Series A financing round led by IDG Capital and Kuaishou, the latter...

Onemena china MENA

U.A.E

Workers’ safety and tracking device WakeCap raised $300K

WakeCap, raised $300,000 from CCC (Consolidated Contractors Company), a construction group with projects across Middle East, Asia and...

uae WakeCap Investment

Egypt

Egyptian software company raised $300K from Saudi investors

Entlaqa, a software company, raised a $300,000 funding from Salem ben Saleh Ba Wazier and Mohamed ben Saleh Ba Wazier, two KSA-based...

Egypt ksa SAAS

Saudi Arabia

Riyadh-based startup Syarah raises $2 million from BECO Capital, Raed Ventures and Vision Ventures

Riyadh-based startup Syarah closed a new round of USD $2 million in investment in Series A. The round was led by BECO Capital, as...

Investment Series A

U.A.E

Karaoke app Ghinwa closes a US $3 million funding round

Ghinwa, an in5-incubated Arabic karaoke and selfcast app, announced the close of a US$3 million funding round, which included 500...

Ghinwa Investment

Saudi Arabia

Badir-incubated Saudi tech startups raised almost $13M in 2017

The technology startups incubated by Badir Program, one of the King Abdul Aziz City for Science and Technology’s main initiatives,...

Badir ksa Investment

U.A.E

International Blockchain Capital invests in Acumen Advertising

Dubai-based fintech group International Blockchain Capital (IBC) Group Limited bought into homegrown media brand Acumen Advertising as part...

Acumen International Blockchain Capital Fintech

Regional

UAE startups attracted $400 million of VC funding in 2017

2017 witnessed 134 funding deals of 129 startups in 12 countries across the MENA, which brought in around $475 million worth of...

MENABytes Dubai MENA

U.A.E

TruKKer raises $1.4M seed round led by Raed ventures

TruKKer, an on-demand truck aggregator startup, is preparing for large-scale expansion after witnessing 2000% growth in its first year of...

Trukker Investment

Kuwait

Fintech startup Ajar Online closes a second round of investment

Ajar Online, a Kuwait-based fintech startup that allows tenants to pay their rent online, via SMS and email, has recently closed...

Ajar Online Fintech Investment

Global

Startup Watch: Google’s new phone, VC money for women startups, and the MENA’s startup economy

The world of entrepreneurship news is a complex one, with people ever ready to give their two cents on how you should be running your...

Google Hong Kong VCs

Regional

AI is taking roots in the MENA

Even though Artificial Intelligence (AI) is developing at a blistering pace, outside academia and engineering, it remains a bit of a...

AI Investment Technology

Regional

What I Know about the right time to crowdinvest: Eureeca’s Chris Thomas

Chris Thomas, co-CEO and cofounder of equity crowdfunding platform Eureeca, has sat at both ends of the proverbial funding table. He has...

What I Know eureeca Chris Thomas

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

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

Global

Seed round legally explained

This article is a crosspost from SME Law. During the past three years, the economic cycle of the region, coupled with the influx of...

seed round startups Funding

U.A.E

Compareit4me.com raises $3.5M

Comparison site Compareit4me.com announced today securing $3.5 million from existing investors including Wamda Capital, STC Ventures, Dubai...

Compareit4me.com Investment Wamda Capital

Egypt

Endeavor Catalyst Fund closes first $500,000 investment in Egypt

Endeavor Catalyst Fund, Endeavor’s co-investment vehicle, concluded its first investment in Egypt contributing 500,000 dollars to...

Investment fund statups

Global

Startup Watch: It’s all about the money, money, money and solar power

The world of entrepreneurship news is a complex one, with people ever ready to give their two cents on how you should be running your...

Startup Watch Investment 500 startups

Regional

500 Startups closes $15M on MENA fund

Hassan Haidar, the managing director of the MENA fund for 500 Startups, 500 Falcons, announced Wednesday the closing of their fund at $15...

500 startups falcon fund Investment

Syria

Votek and Loujee secures $1M investment

Votek Inc, developer of Arabic speech recognition software, governmental intelligent assistants and the first Arabic smart toy (Loujee)...

Votek AI syria

Global

Startup Watch: the Souq deal, juice cleanses, and how to vet your VC

The world of entrepreneurship news is a complex one, with people ever ready to give their two cents on how you should be running your...

souq beirut water taxi Investment

Regional

$100M invested in MENA fintech [WRL report]

Fintech startups in MENA have raised over $100 million in funding in the last 10 years, and a new report indicates the number of startups...

WRL State of Fintech Payfort

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