Wamda

U.A.E

Talabat fully acquires InstaShop for $32 million

Kuwait-born and UAE-based q-commerce and foodtech Talabat has completed the acquisition of 100% of instashop from Delivery Hero SE for...

talabat instashop

Regional

LoftyInc Capital secures $43 million first close for its pan-African fund

Press release: LoftyInc Capital Management has secured a $43 million first close for its new LoftyInc Alpha Fund, a late-seed...

LoftyInc Capital LoftyInc Alpha Fund

Bahrain

Foras acquires 36% of Bahraini crowdfunding platform Beban

UAE-based investment firm Foras has acquired a 36% stake in Beban, a Bahrain-based crowdfunding platform, for an undisclosed...

Beban Foras

U.A.E

Capital Haus acquires strategic stake in Equity Story Group

Press release: Capital Haus, a UAE-based financial concierge firm specialising in tailored wealth management for high-net-worth...

Capital Haus Equity Story Group

U.A.E

FanTV secures $3 million Series A to enhance AI tools for creators

UAE-based AI-powered content platform FanTV has raised $3 million in a Series A investment round from Mysten Labs, Cypher...

FanTV Mysten Labs

Egypt

A Ventures raises its stake in Mrkoon to boost expansion plans

Egypt-based waste management platform Mrkoon has raised bridge funding from A Ventures that would increase the fund's stake in the...

A Ventures Mrkoon

U.A.E

BILRS raises funding round from Salica Spring Studios

UAE-based fintech BILRS has raised an undisclosed funding round from Salica Spring Studios, which is backed by Al-Waha Fund of...

BILRS Fintech Salica Spring Studios

Regional

SC Ventures unites with Visa to support MENA SMEs

Press release: SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, has signed a Memorandum of...

Visa SC Ventures

Saudi Arabia

Ula.me closes $28 million Series B to leverage AI capabilities

Saudi Arabia-based edtech ULA.me has raised $28 million in a Series B funding round led by Growth Visions Fund, with participation...

Ula.me EdTech Growth Visions Fund

U.A.E

Merit Incentives secures $28 million Series B

UAE-based rewards and loyalty platform Merit Incentives has secured $28 million in a Series B funding round from Capital...

Loyalty Programs Merit Incentives

U.A.E

Disrupt.com pledges $100 million investment in next-generation AI startups

UAE-based venture builder Disrupt.com has pledged a $100 million commitment to build and back AI-first technology ventures...

Disrupt.com venture builder AI

Saudi Arabia

Saudi Arabia's CQR raises $3 million to scale AI capabilities

Saudi Arabia-based cybersecurity firm CQR has secured a $3 million funding round led by Shorooq. Founded in 2023 by...

CQR Shorooq cybersecurity

Egypt

Egypt's fintech sector surged fivefold in five years, Entlaq report reveals

Egypt’s fintech sector has expanded 5.5 times in the past five years, driven by digital payments, lending, and B2B marketplaces,...

Entlaq Fintech

Saudi Arabia

DHL enters Saudi logistics market by acquiring AJEX

German logistics company DHL eCommerce, the e-commerce logistics specialist of DHL Group, has acuired Saudi parcel logistics...

DHL AJEX Logistics

Saudi Arabia

Al Madinah Angels launches to revive entrepreneurial scene in the city

A consortium of investors has launched "Al Madinah Angels" to support the entrepreneurial landscape in Saudi...

Al Madinah Angels VMS Numu Angels

U.A.E

Flow48 secures $69 million Series A in a blend of debt, equity

UAE-based fintech Flow48 has closed a $69 million Series A funding round in a mix of debt and equity. The round is led by Breega and...

Flow48 Endeavor Catalyst 212

U.A.E

Journify raises $4 million in funding, backed by Silicon Badia

UAE-based SaaS provider Journify has secured $4 million in funding, led by Silicon Badia, with participation from RZM and other...

Journify silicon badia SAAS

Libya

Libyan B2B e-commerce Alkremeya goes live

Libya-based B2B e-commerce platform Alkremeya has officially launched operations, with ambitious plans for regional...

Alkremeya E-commerce

Egypt

Egypt's Basata acquires additional stake in Madfoatcom

Egypt-based fintech Basata has increased its stake in Jordan’s MadfoatCom to 25%. This acquisition will further strengthen...

Basata MadfoatCom

U.A.E

omnispay Secures $1.5 million seed led by Mercatus Capital

omnispay, a UAE-based fintech, has raised $1.5 million in a seed funding round led by Mercatus Capital Pte. Ltd., with participation...

omnispay Fintech Mercatus Capital

Bahrain

Lola secures $1.3 million pre-seed to accelerate GCC expansion plans

Lola, a Bahrain-based foodtech, has raised $1.3 million in a pre-seed funding round from Plus VC, Vision Ventures, and angel...

Lola Plus VC

U.A.E

Pinewood.AI to acquire UAE’s Seez for $46.2 million

UK-based automotive intelligence platform Pinewood.AI has agreed to acquire Seez for $46.2 million in cash and shares. The share...

Seez Pinewood.AI

Qatar

Lillia receives $1.7 million grant from Qatar Research Council

Qatar-based AI-enabled healthtech Lillia has raised a $1.7 million grant from the Qatar Research, Development and Innovation (QRDI)...

Lillia Development and Innovation Council QRDI

U.A.E

UAE’s The Box secures $12.5 million debt from Shorooq

UAE-based self-storage services provider The Box has raised $12.5 million in a debt financing led by Shorooq. Founded in 2007 by...

The Box Shorooq Logistics

Thought Leadership

All the information you need to navigate Mena's startup ecosystem

Thank you