Wamda

Egypt

Restaurant management platform BONBELL raises $350,000

Egypt-based foodtech startup BONBELL, has raised $350,000 from a Candian angel investor. Founded in 2022 by Doaa Abdel-Hameed, BONBELL...

BONBELL

Egypt

Egyptian e-commerce Sharwa raises $2 million pre-Seed

Egypt-based social commerce platform Sharwa, has closed a $2 million pre-Seed funding round, co-led by Nuwa Capital and Hambro Perks...

Sharwa Nuwa capital Hambro Perks Oryx Fund

Egypt

Egypt’s Convertedin raises $3 million Seed round

Egypt-based marketing platform Convertedin, has raised a $3 million Seed round, led by Saudi Arabia-headquartered Merak Capital, with...

Convertedin Merak Capital

Egypt

OneOrder receives $6.5 million from Contact Factoring

Egypt-based OneOrder, a B2B e-commerce startup catering to the restaurant and hospitality sector, has signed an investment agreement...

OneOrder

Egypt

SWVL suspends $100 million acquisition of UK’s Zeelo

Dubai-headquartered transport and mobility solutions provider SWVL, has canceled the proposed acquisition of Zeelo, a...

Swvl

Egypt

Homzmart raises $23 million pre-Series B round

Egypt-based furniture and home supplies marketplace Homzmart, has raised a $23 million pre-Series B round from STV, Impact46, Outliers...

Homzmart

Egypt

Openner launches Web3-focused Qurious Labs

Egypt-based VC firm Openner has launched Qurious Labs, a Web3-focused venture studio, to help develop markets and aid them to access the...

Openner Qurious Labs Web 3.0

Egypt

Egypt’s fashion marketplace TFK closes $2.6 million Seed round

Egypt-based fashion marketplace The Fashion Kingdom (TFK), has raised a $2.6 million Seed funding round, co-led by CVentures and A15,...

TFK The Fashion Kingdom Cventures

Egypt

Creative Dock acquires FoundersLane, plans to invest €100 million in Mena startups

Berlin-based corporate venture builder FoundersLane, which was recently acquired by Creative Dock Group (CDG), has expanded its operations...

FoundersLane MNT-Halan

Egypt

Egypt’s Cartona raises $12 million Series A round

Egypt-based B2B e-commerce platform Cartona, has closed its $12 million Series A fundraise led by Silicon Badia, with the participation...

Cartona silicon badia

Egypt

FMO announces $10 million commitment to Algebra Fund II

FMO, the Dutch entrepreneurial development bank, has pledged a $10 commitment to Algebra’s second fund. The agreement was signed...

FMO Algebra Fund II

Egypt

Mohamed El-Sewedy acquires Magma via Averroes Ventures

Egypt-based Magma, a manufacturer of sportswear, has been fully acquired by its incumbent CEO Mohamed El-Sewedy via venture capital firm...

Magma

Egypt

Stllr Network raises six-figure investment round

Egypt-based Stllr Network has closed a six-figure investment from 500 Global and angel investors through Women Spark and Falak...

Stllr Network Falak Angels 500 Global

Egypt

Fuelin: enabling fleet managers in Egypt to cut fuel costs

Increased digitisation in Egypt and the rise in smartphone adoption has pushed the demand for transportation services, whether this relates...

Logistics Last mile Fuelin

Egypt

MNT-Halan closes $150 million securitised bond issuance

Tasaheel, a wholly-owned subsidiary of Egypt-based fintech superapp MNT-Halan, has closed a securitised bond issuance of $150 million,...

Halan Tasaheel

Egypt

MNT-Halan acquires Talabeyah for undisclosed amount

Egypt-based fintech MNT-Halan has acquired B2B e-commerce platform Talabeyah for an undisclosed amount. Founded in 2017 by Mounir...

MNT-Halan Talabeyah FMCG

Egypt

AI startup Synapse Analytics raises $2 million pre-Series A round

Egypt-based AI tech startup Synapse Analytics, has raised $2 million in a pre-Series A funding round led by Egypt Ventures, with...

Synapse Analytics Egypt Ventures AI

Egypt

Disruptech secures funding from AXIAN Group

Egypt-based Disruptech, a fintech-focused VC fund, has secured funding from Madagascar-based AXIAN Group. The deal will enable...

Disruptech

Egypt

Saudi’s T2 signs investment agreements with Fawry, Khazna, Khwarizmi Ventures

Saudi Arabia-based Business Research and Development Company (T2) signed an investment and partnership agreement with Egypt’s...

Mohammed Bin Salman Khazna fawry

Egypt

valU sells minority stake to Alhokair family

Egypt-based fintech valU has sold a minority stake of 4.99 per cent to members of Saudi Arabia’s Alhokair family for $12.4...

valu Alhokair EFG Hermes

Egypt

EFG Hermes' Tanmeyah acquires B2B marketplace Fatura

Egypt-based Tanmeyah for Microfinance Services, a subsidiary of EFG Hermes Holding, has acquired Fatura, a provider of B2B e-commerce...

Fatura

Egypt

Egypt's Boyot raises fresh funding to digitise real estate payments

Egypt-based Boyot has raised a pre-Seed round from a Kuwait-based real estate firm. Founded in 2020 by Mahmoud El Sabongy (CEO) and...

Boyot

Egypt

Egypt’s Khazenly raises $2.5 million Seed round

Egypt-based logistics platform Khazenly, has fundraised a $2.5 million Seed round, co-led by Arzan Venture Capital and Shorooq Partners,...

Khazenly Arzan Venture Capital Shorooq Partners

Egypt

Egyptian marketplace for toys Tasala shuts down due to import restrictions

The ongoing war in Ukraine and the ensuing economic fallout have sent shockwaves across the financial global markets amid rising...

E-ommerce inflation Tasala

Thought Leadership

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

Thank you