Wamda

Kuwait

DWS Group acquires stake in GCC FinTech startup Neo Technologies

Source: The National DWS Group, a European asset manager in which Germany’s Deutsche Bank has a majority stake, agreed to...

Fintech

Regional

Uncertain global investment market creates opportunities in region

The prospect of a full-blown trade war between the US and China is prompting some of the world’s investors to look for rebound...

Turkey

Tarfin raises $1.3 million in seed round

Tarfin recently completed a $1.3 million seed round led by Turkey-based Collective Spark Fund with co-investment from Wamda Capital. The...

Agriculture agritech Fintech

U.A.E

Careem closes $200m in latest round

Ride-hailing app Careem has secured $200 million from existing investors including Al Tayyar Group, Kingdom Holding and Rakuten in the...

careem investment round

Kuwait

Arabnet Kuwait chooses top three startups

The third edition of Arabnet Kuwait concluded with three startups qualifying to compete regionally in Arabnet’s Digital Summit in...

kuwait competition Arabnet

U.A.E

Mumzworld closes $20m Series B round

Mumzworld, the Dubai-based e-commerce shopping platform for mothers across the Middle East and North Africa (Mena) region has closed its...

Mumzworld ecommerce

Oman

Careem resumes service in Oman

Careem has re-launched its services in Muscat after partnering with local taxi operator, Marhaba Taxi. The UAE-based ride-hailing app...

Muscat careem

Regional

Vezeeta secures $12m in series C

Egypt-based healthcare company Vezeeta has raised $12million in a Series C round led by Saudi Technology Ventures (STV). Launched in...

Healthcare Series C

Saudi Arabia

Taqadam announces six winners

Saudi Arabia’s startup accelerator Taqadam has picked six winners after an intensive eight-month acceleration programme, awarding...

KAUST Taqadam

Egypt

Egyptian startup Aqarmap raises a round from Wamda Capital, KISP and Raed Ventures

Aqarmap.com, an online real estate marketplace in Egypt, closed a funding round from UAE-based Wamda Capital, Kuwait-based KISP Ventures,...

Aqarmap Raed Ventures Wamda Capital

Regional

Robo-advisor Sarwa raises over $ 1.3M from regional and global investors

Sarwa, a regulated automated investment advisory platform in the region, recently closed a pre-Series A of over $1.3 million. Investors...

fundraising

Iraq

New startup academy launches in Erbil

Re:Coded is a new tech entrepreneurship academy which launched in Erbil. Running throughout September 2018, the Academy will focus on...

academy Re:Coded Education

Regional

Crowd Analyzer secures $1.1 million, looks to scale to Saudi Arabia and MENA

Crowd Analyzer, the Dubai-based data intelligence provider and Arabic-focused social media monitoring platform, has received pre-Series A...

Crowd Analyzer Investment

Regional

The Luxury Closet raises $8.7 million in its third round of investment

After raising USD $7.8 million in Series B in September 2016, online platform The Luxury Closet for buying and selling pre-owned...

The Luxury Closet Investment Success Stories

Regional

Arabic content platform Mawdoo3 raises $13.5m from British and American VCs

Mawdoo3.com (‘Mawdoo3’), a leading online Arabic platform from the region, has recently completed a US $13.5 million...

Mawdoo3 series B Investment

Egypt

Jordan's POSRocket raises $1.5 million in a round led by Algebra Ventures

POSRocket, a cloud-based POS Jordanian startup, has announced $1.5 million in a funding round led by $50 million Cairo-based venture...

Algebra Ventures KISP Ventures Arzan VC

Regional

Udacity introduces a Blockchain developer nanodegree programme for the region

Online classes platform Udacity, the education technology company brought to the region from Silicon Valley, has announced its new...

Udacity Blockchain

Saudi Arabia

Saudi Arabia and the UAE’s new partnership and what it means for startups

On Wednesday, the UAE and Saudi Arabia have announced a strategic partnership in 44 projects called The Strategy of Revolve. The...

SME Authority Strategy of Resolve

Bahrain

Restaurant booking app Eat receives funding from MEVP

Eat, MENA-based restaurant reservation platform, has recently closed a funding round from Middle East Venture Partners (MEVP) for an...

eat MEVP Investment

U.A.E

Abu Dhabi unveils a $13.6 billion program to grow public and private sectors and boost SMEs

Abu Dhabi Economic Vision 2030 has put forward the need to build a resilient infrastructure that supports economic growth and develops a...

smes abu dhabi

Regional

Ureed partners with Altibbi to provide medical and health content online

Editing and linguistic startup Ureed has recently signed a strategic partnership agreement with medical website Altibbi to produce medical...

Ureed AlTibbi Arabic Content

Global

Chinese mobile internet company to boost its presence in the MENA region following a Series A round

OneMena, a China-based mobile internet company, has recently raised a Series A financing round led by IDG Capital and Kuaishou, the latter...

Onemena china MENA

Saudi Arabia

Badir-incubated Biotech startups raised $2.6M in 2017

The Saudi biotech startups incubated by Badir Biotechnology Incubator, under King Abdul Aziz City for Science and Technology...

Saudi Arabia VC funding Badir Biotechnology Incubator

Global

Mobile game developer Zynga acquires Gram Games in a $250M deal

Zynga Inc., a leading social game developer, announced it has acquired privately-held mobile game developer Gram Games for $250 million in...

Zynga Gram Games acquisition

Thought Leadership

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

Thank you