Palestine Vatrin closes investment round from Ibtikar Palestine-based Vatrin, has closed the investment it raised from Ibtikar Fund. The amount raised was not disclosed. Founded in 2019 by... News • 24 May, 2023 Vatrin Ibtikar Fund
Kuwait ZainTech acquires UAE-based Adfolks UAE-based ZainTech, part of telecoms provider Zain Group, has acquired cloud-native engineering firm, Adfolks. The acquisition is... News • 23 May, 2023 ZainTech Adfolks
Qatar QIA leads Builder.ai’s $250 million Series D round Qatar Investment Authority (QIA) has led the $250 million Series D funding raised by Builder.ai, along with Iconiq Capital, Jungle... News • 23 May, 2023 QIA Builder.ai Qatar Investment Authority
Jordan UAE’s EDGE acquires majority stake in MARS Robotics UAE-based advanced technology and defence group EDGE, has acquired a majority stake (80 per cent) in Jordanian autonomous robotic... News • 23 May, 2023 Edge Mars Robotics
U.A.E Australia’s RTE acquires Galaxy Racer, rebrands new entity as Celestial Australia-based Riva Technology and Entertainment Limited (RTE), a subsidiary of MSM Corporation International Limited, has fully... News • 22 May, 2023 RTE Galaxy Racer GXR
U.A.E Reef launches $10 million Web3 accelerator programme UAE-based defi blockchain startup Reef, has launched a $10 million accelerator programme for Web3 projects building on the Reef... News • 18 May, 2023 Web3
Saudi Arabia Saudi furniture marketplace Baytonia raises Seed round Saudi Arabia-based furniture e-commerce platform Baytonia has closed an undisclosed Seed round, led by Khwarizmi Ventures (KV), with... News • 17 May, 2023 Baytonia e--commerce furniture
Morocco Plug and Play increases investment in Morocco’s Chari Morocco-based B2B e-commerce platform Chari has secured a second round of investment from Plug and Play. The amount invested was not... News • 16 May, 2023 Chari e--commerce Plug and Play
U.A.E Silicon Valley’s Plug and Play invests in UAE’s Clara UAE-based legaltech startup Clara has received an undisclosed investment from Silicon Valley’s innovation platform “Plug and... News • 15 May, 2023 Legaltech Clara Plug and Play
U.A.E UAE-based fintech TWIG raises seven-figure pre-Seed round UAE-based fintech TWIG has secured an undisclosed pre-Seed round "exceeding $1 million", backed by Phoenician VC, MMK Capital,... News • 10 May, 2023 TWIG Fintech DIFC
U.A.E Belgium’s Deliverect acquires UAE’s ChatFood Belgium-based food delivery software provider Deliverect has acquired UAE-based foodtech ChatFood, for an unknown amount. Founded in... News • 10 May, 2023 Deliverect ChatFood f&b
U.A.E MBZUAI partners with OurCrowd Arabia to accelerate AI growth in UAE The UAE’s Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) has signed an MoU with Israeli VC fund OurCrowd, to... News • 09 May, 2023 MBZUAI OurCrowd AI
Saudi Arabia Saudi fintech Wosul raises $3.2 million Saudi Arabia-based fintech Wosul Payments has raised a $3.2 million Seed round led by Khalab’s company along with a group of angel... News • 09 May, 2023 Wosul Fintech وصول
Jordan JoPACC launches fintech incubator in Jordan The Jordan Payments and Clearing Company (JoPACC) has launched the JOIN Fincubator, a fintech incubator that will support the... News • 09 May, 2023 JoPACC Rainmaking Join Incubator
U.A.E The Digital Hotelier raises pre-Seed round for product development UAE-based traveltech startup The Digital Hotelier has secured a six-figure pre-Seed round from Select Ventures Holding, alongside a group... Dunya Hassanein • 08 May, 2023 the Digital Hotelier
Egypt Acasia Ventures leads Balad’s seven-figure pre-Seed round Egypt-based fintech Balad has raised a seven-figure pre-Seed round led by Acasia Ventures. Other investors in the round included Launch... News • 08 May, 2023 Acasia Ventures Balad Fintech
