U.A.E CE-Creates merges with hatch & boost in Mena’s first venture-builder merger UAE-based incubator CE-Creates, the business incubation platform of Crescent Enterprises, has completed the merger of hatch & boost,... News • 09 May, 2022 CE-Creates hatch & boost
Egypt Paymob raises $50 million Series B round Egypt-based fintech Paymob has raised $50 million in Series B funding, led by Kora Capital, PayPal Ventures, and Clay... News • 09 May, 2022 Paymob Fintech Kora Capital
Saudi Arabia Saudi discount platform Remmsh raises funding from Nama Ventures Saudi Arabia-based discount code platform Remmsh, has raised pre-Seed funding from Nama Ventures. The amount raised was not... News • 29 April, 2022 Nama Ventures
Global SWVL acquires UK's Zeelo for $100 million Dubai-based mobility startup SWVL, has acquired UK-based B2B smart buses operator startup Zeelo, in a deal valued at $100 million. This... News • 29 April, 2022 Swvl
Saudi Arabia Saudi logistics startup Mkhdoom raises $1.1 million Press release: Saudi Arabia-based logistics provider, Mkhdoom, has secured $1.1 million (SAR 4 million) in a Seed round led by Aljabr... News • 29 April, 2022 Logistics
U.A.E Fine Diner raises $150,000 in Seed round UAE-based foodtech Fine Diner has raised $150,000 in Seed funding from angel investors. Founded in 2019 by Sami Elayan, Saed... News • 28 April, 2022 foodtech cloud kitchen
Jordan Repzo raises $1.4 million Bridge round Jordan-based SaaS platform Repzo, has raised a $1.4 million bridge round, led by the Arab Palestinian Investment Company... News • 28 April, 2022 repzo SAAS
U.A.E Dubai launches $100 million debt fund to finance startups Dubai has launched a Dh370 million ($100.7 million) VC debt fund to finance startups and fuel their global expansion. The Venture Debt... News • 28 April, 2022 venture debt fund Dubai DIFC
U.A.E Joi Gifts closes $1 million pre-Series B round UAE-based e-commerce gifting platform Joi Gifts, has raised $1 million in pre-Series B funding from Panthera Capital and other regional... News • 27 April, 2022 joi gifts
Saudi Arabia Endeavor launches report on state of Saudi startup ecosystem A report published by Endeavor Saudi Arabia highlights the rapid growth of the country's startup sector. Riyadh’s tech... News • 26 April, 2022 Endeavor Mapping The Riyadh Tech Sector
Regional SWVL acquires Turkish B2B mobility startup Volt Lines Dubai-based mobility startup SWVL, has acquired Turkey-based B2B mobility startup Volt Lines. Founded in 2017 by Aly Halabi, Volt... News • 26 April, 2022 Swvl
Saudi Arabia Red Sea Farms raises additional $18.5 million to fuel expansion plans Saudi Arabia-based agritech Red Sea Farms has raised an additional $18.5 million co-led by Wa’ed, the venture capital arm of Saudi... News • 25 April, 2022 Red Sea Farms agritech
U.A.E UAE fintech zenda raises $9.4 million Seed to accelerate India expansion plans UAE-based fintech zenda, has raised $9.4 million in a Seed round from STV, COTU, Global Founders Capital, and... News • 25 April, 2022 Fintech zenda
Regional Retailo acquires UAE's DXBUY Saudi Arabia-based B2B marketplace Retailo has acquired UAE-based DXBUY for an undisclosed amount. The acquisition is part of... News • 22 April, 2022 Retailo DXBUY
U.A.E Careem expands its focus to financial services Careem is shifting its focus from ride-hailing to financial services, in a move that will position the super app as a key fintech... Triska Hamid • 21 April, 2022 careem Fintech Careem Pay
Saudi Arabia KAUST launches innovation fund The King Abdullah University of Science and Technology (KAUST) has launched a VC fund to invest in seed level deeptech... News • 21 April, 2022 KAUST KAUST Innovation Fund
