Wamda

U.A.E

Dubizzle stake acquired for $190 million

UAE-based online classifieds website dubizzle has been fully acquired by Naspers, a South Africa-based investor through its subsidiary OLX...

Dubizzle classifieds marketplace

U.A.E

CE-Ventures invests in US artificial intelligence company

UAE-based CE-Ventures, the venture capital arm of Crescent Enterprises, has invested in Silicon Valley-based artificial intelligence...

#investment #VentureCapital #Artifical_Intelligence

Regional

Startups raise $893 million in 2018

Investments in Middle East and North Africa (Mena)-based startups rose by 31 per cent in 2018 to $893 million with 366 deals according to...

Investment MENA Mena Venture Investments

Regional

yallacompare raises $8 million in latest round

Dubai-based yallacompare has raised $8 million in its latest round of funding. Lead by existing investors STC Ventures and Wamda...

Insurance Price comparison Egypt

Global

Middle East Venture Partners invests in US software company

Middle East Venture Partners (MEVP) led a series B round in US-based software company FADEL and was joined by Kafalat iSME and B&Y...

series B MEVP software engineering

Bahrain

Bahrain's Inagrab closes seed round

Source: Startup MGZN Bahraini startup Inagrab, a platform that helps retail businesses scale their business with the help of A.I...

Bahrain 500 startups Retail

U.A.E

Enerwhere raises $940,000 through crowdfunding

Source: The National Dubai-based solar company Enerwhere raised Dh1 million ($940,000) in less than a week via a crowdfunding platform...

solar Crowdfunding beehive

Regional

Sheraa launches Series A programme

The Sharjah Entrepreneurship Centre (Sheraa) has launched a Series A programme for startups based in and outside of the UAE....

#SeriesA #Startups #Sharjah

Egypt

Egyptian pet-care startup VetCode raises 450,000 in seed funding

Source: Startup Scene Egypt's pet-care startup, VetCode, raises seed funding at $450,000 pre-money valuation from Pmaestro on...

#investment #Egypt

U.A.E

Careem establishes new company with Dubai Road and Transport Authority

Careem has partnered with Dubai’s Roads and Transport Authority (RTA) to launch an E-Hail taxi joint venture. The new company...

#Transport #tech #News

Saudi Arabia

Saudi Aramco signs agreement with ICT company to invest in tech enterprises

Source: Startup MGZN State oil giant Saudi Aramco said it has signed an agreement with Saudi Information Technology Company to...

Egypt

Egypt’s Commercial International Bank launches CVentures

Source: MENAbytes Commercial International Bank, the biggest private bank of Egypt, that is commonly known as CIB, has announced the...

Venture Capital cairo Investment

Saudi Arabia

Maharah acquires a strategic stake in UAE's Bloovo

Source: Entreprenuer Bloovo, one of UAE’s algorithm-based online recruitment platforms, has brought Saudi-based Maharah Human...

acquisition HR saudi

Morocco

Morocco's WaystoCap expands to West Africa

Source: Tech Voice Africa Moroccan e-commerce startup WaystoCap is expanding to West Africa after having opened two new...

waystocap E-commerce b2b

U.A.E

UAE finance ministry launches accelerator

The UAE’s Ministry of Finance has launched a new accelerator to drive innovation in the country. The Mohammed Bin Rashid...

accelerator Accelerators

U.A.E

Souq.com opens Dubai centre that will create 600 jobs

Source: The National Souq.com, the e-commerce platform Amazon bought for $580 million (Dh2.13 billion) last year, has opened a centre in...

souq Souq.com Amazon

Regional

Last mile courier app Quiqup raises extra 5m on plans for Middle East expansion

Source: Telegraph Deliveroo challenger Quiqup has raised £5m ($6.3 million) in extra funding to expand its presence in the...

Saudi Arabia

Careem Launches Careem NOW in Dubai and Jeddah

Careem has launched an online delivery market service for food and other goods in Dubai and Jeddah. Called Careem NOW, the company plans to...

#Careem #News #Jeddah #Dubai #FoodDelivery

Saudi Arabia

Ajeer raises $530,000 from angels

Source: MENAbytes Ajeer, a Riyadh-based home services marketplace has raised ~$533,000 (2 million Saudi Riyal) in seed funding, the...

#News #investment

Tunisia

Tunisia’s Expensya raises $4.5 million

Source: MENAbytes Expensya, a SaaS for expense management, has raised a little over $4.5 million (€4 million) in its latest funding...

Investment tunisia

Saudi Arabia

Saudi's BIAC tries to bridge funding gap for startups

The Business Incubators and Accelerators Company (BIAC) has launched a new investment initiative in partnership with VentureSouq to bridge...

funding gap

Regional

Wamda launches new programme for budding entrepreneurs

Wamda today announced the launch of a first-of-its-kind fellowship programme, Wamda X. The grant-based offering aims to attract promising...

wamda Wamda Capital Wamda News

Egypt

Wasla raises $180,000 pre-seed

Source: Menabytes Cairo-based Wasla has raised $180,000 in pre-seed funding from a group of angel investors led by a Cairo-based...

#mobile #tech #wasla

Kuwait

Kuwait's Agility to invest $100m in Shipa.com

Source: The National Agility, one of the largest logistics firms in the region, will invest $100 million in a digital logistics platform...

Logistics ecommerce

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