Wamda

Egypt

UAE’s QiDZ app receives investment from CASF

UAE-based entertainment marketplace QiDZ, has raised investment from the Cairo Angels Syndicate Fund (CASF). The amount raised was not...

QiDZ CASF Cairo Angels Syndicate Fund

Egypt

The Food Lab raises $4.5 million pre-Seed round

Egypt-based cloud kitchen operator The Food Lab, has raised $4.5 million in a pre-Seed round, co-led by Nuwa Capital, Shorooq Partners...

The food Lab

Egypt

The startup tackling plastic waste in Egypt through its “reverse vending machine”

As the most populous country in the Middle East, Egypt produces the largest quantity of plastic waste at an average of 5.4 million tonnes...

plastic waste Dawarha Cleantech

Egypt

Egyptian healthtech Rology closes pre-Series A round

Egypt-based healthtech Rology, has closed a pre-Series A round from Egypt Ventures, Sequence Ventures, Waseel, Tawaref, and Viktoria...

Rology healthtech

Egypt

Shift EV to expand beyond Egypt after raising Series A round

Egypt-based electric mobility startup Shift EV, has raised an undisclosed Series A round, led by the startup's existing...

Shift EV

Egypt

Egypt’s Pylon raises $19 million Seed round

Egypt-based infrastructure management platform Pylon, has raised $19 million in a Seed funding round comprising equity and debt, led by...

Pylon YCombinator Khawarizmi Ventures

Egypt

IFC pledges $15 million investment in Algebra Fund II

International Finance Cooperation (IFC), a member of the World Bank Group, has pledged $15 million investment in Algebra Ventures’...

Algebra Fund II Algebra Ventures ifc

Egypt

Egyptian edtech Sprints raises $1.2 million Seed round

Egypt-based edtech Sprints has raised $1.2 million in a Seed funding round led by the Alexandria Angels Network as well as members of...

Sprints Alexandria Angels Network EdTech

Egypt

Saudi GLT Express acquires Egypt’s Gallop Express

Saudi Arabia-based logistics company GLT Express has acquired Gallop Express, an Egyptian logistics startup for an undisclosed...

Gallop Express GLT Express GLT Holdings

Egypt

Egypt’s PIE acquires Exits for unknown amount

Egypt-based Mergers and Acquisitions Advisory Firm PIE has acquired Exits, a regional online marketplace for buying and selling...

PIE exits acquisition

Egypt

O7 Therapy raises $2.1 million Seed round

Egypt-based healthtech O7 Therapy has raised a $2.1 million Seed round, led by Hikma Ventures, with the participation of C-Ventures,...

O7 Therapy Hikma Ventures mental health

Egypt

SWVL debuts on Nasdaq, sets initial offer price at $9.95 per share

UAE-based mobility startup SWVL, has completed its SPAC merger with Queen's Gambit Growth Capital and began trading on the US NASDAQ...

Swvl Nasdaq mobility

Egypt

Egypt’s Khazna raises $38 million Series A round

Egypt-based fintech Khazna, has raised a Series A round of $38 million in equity and debt, with the equity investment led by Quona...

Khazna Quona Capital Khawarizmi

Egypt

Egyptian fintech PayMint raises Seed round

Egypt-based fintech PayMint has raised a seven-figure Seed investment from AUR Fintech. Launched in 2019 by Mohamed Yahya and Mohamed...

PayMint Fintech

Egypt

Egypt’s ON Market raises $215,000 pre-Seed round

Egypt-based e-grocery marketplace ON Market has raised a $215,000 pre-Seed funding round from regional angel investors led by Yasser...

ON Market e-grocery

Egypt

Market research startup Intella raises $1 million Seed round

Egypt-based platform as a service (PaaS) startup Intella, has raised a $1 million Seed round, led by Hala Ventures, with participation...

Intella

Egypt

Rabbit to invest $60 million in Saudi Arabia

Egypt-based quick commerce (q-commerce) startup Rabbit, has announced it is planning to invest $60 million in Saudi Arabia over the next...

Rabbit q-commerce

Egypt

Egypt launches $109 million Avans Manara fund of funds

Egyptian banks and institutions have partnered to launch the “Avans Manara” fund, with total targeted investments amounting...

Avans Manara smes

Egypt

Robo-advisory startup Xpovi raises $300,000 pre-Seed round

Egypt-based robo-advisory startup Xpovi, has launched after raising a $300,000 pre-Seed round led by a group of angel...

Xpovi

Egypt

Otida raises $340,000 for its diabetes management app

Egypt-based healthtech startup Otida, has raised $340,000 in a pre-Seed round led by Lofty Inc, a US-based VC, with participation...

Otida

Egypt

Former CEO of Ebates invests in WaffarX, joins board

Former CEO of e-commerce and cashback platform Ebates Kevin Johnson, has invested and joined the board of Egypt-based fintech WaffarX as...

WaffarX

Egypt

Fantasy football platform Eksab raises $3 million Seed round

Egypt-based daily fantasy football platform, Eksab, has secured a $3 million Seed funding round, led by 4DX Ventures with participation...

Eksab Fantasy Football

Egypt

Egypt launches digital payments system InstaPay

The Central Bank of Egypt (CBE) has applied an open banking system by launching the InstaPay application, a national system for instant...

InstaPay Open banking

Egypt

Sequence Ventures to invest in 10 startups through $8 million Deep-Tech fund

Egypt-based VC Sequence Ventures, is planning to invest $8 million (EGP150 million) in 10 tech companies this year via its Egypt...

Sequence Ventures Deep-Tech Fund

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