Wamda

Saudi Arabia

Hazen.ai closes seed round

Source: Startup MGZN Hazen.ai, a Saudi startup focusing on artificial intelligence-based traffic analytics and monitoring solutions,...

AI traffic Investment

Bahrain

Rain raises $2.5 million and acquires regulatory license

Source: Coindesk Cryptocurrency exchange Rain has opened its doors for business following regulatory approval by Bahrain’s central...

exchange crypto license

Morocco

SOS Credit receives funding from SEAF Morocco Growth Fund

Source: Venture Burn SOS Credit, a Casablanca-based fintech startup, has received an undisclosed investment from the SEAF Morocco...

Fintech startup Funding

Regional

Coded raises $1.3 million pre-series A

Source: SME10X Along with being the first coding academy in the Middle East, Coded is also the startup that brought the first coding...

Coding cootcamp Investment

U.A.E

China's Didi to set up joint venture in Abu Dhabi

Source: Arabian Business Didi Chuxing, a Beijing-based mobile transportation platform with 550 million users, on Monday signed an...

Expansion Transport venture

Egypt

Cryptyd raises pre-Series A funding

Egypt-based mobile games development studio Cryptyd has raised a pre-Series A funding round from The Cairo Angels and Alexandria Angels...

cairo angels Alexandria Angels Gaming

Regional

Clara closes seed round at $2,000,000

UAE-based Clara, a legal technology firm targeting startups has raised $2 million in seed funding from multiple investors including Wamda...

startup Investment Legal

Regional

Washmen raises $6.2 million Series B

Source: Menabytes Washmen, a Dubai-based dry cleaning and laundry service has raised $6.2 million in its Series B round, the startup...

startup series B Washmen

Regional

Ola raises $11 million in series J round

Source: LiveMint ANI Technologies-owned Cab aggregator Ola has raised $11 million in its ongoing Series J round from...

Investment series J cab service

Egypt

Angel Oasis 2019

The Middle East Angel Investment Network (MAIN) is launching its 2nd edition of their annual conference, Angel Oasis 2019,...

Lebanon

Ecomz raises $4 million series A

Source: MenaBytes Beirut-based ecommerce management platform Ecomz has raised $4 million in a Series A round led by local VC Cedar...

E-commerce series-A Investment

Kuwait

Boutiqaat raises investment and doubles its valuation to $500 million

Source: MenaBytes Boutiqaat, the leading Kuwaiti beauty ecommerce startup has doubled its valuation to $500 million in eighteen months...

Valuation Investment E-commerce

Jordan

Faylasof raises $500,000 pre-Series A

Source: Menabytes Amman-based online bookstore Faylasof has raised $500,000 as Pre-Series A funding from Saudi-based Wise Ventures,...

e-books Venture Capital venture capital fund

Saudi Arabia

Dhad closes an investment round

Source: MenaBytes Dhad, a Saudi-based audiobook startup has raised investment in a round led by Raed Ventures, the startup...

audio content Investment

Regional

Top five VC deals in the second quarter of 2019

This quarter’s top five disclosed venture capital (VC) deals amounted to $99.1 million, with Egypt’s Swvl accounting for...

Series A series B Swvl

Saudi Arabia

Foodics raises $4 million pre-series B

Source: MenaBytes Foodics, a Saudi cloud-based point-of-sale system for F&B businesses has raised $4 million in fresh funds, the...

f&b saudi Pre-Series B

Saudi Arabia

Noon Academy raises $8.6 million

Source: MenaBytes Riyadh-based online learning platform Noon Academy has raised $8.6 million Series A co-led by Raed Ventures and Saudi...

Investment EdTech fund

Regional

Crowdfunding: A way to bridge the credit gap

At first glance, the Middle East and in particular the GCC, seems like an ideal market for a robust crowdfunding economy. But the growth of...

Crowdfunding Investment liwwa

Egypt

Elmenus secures investment from Foodora’s co-founder

Egypt-based food discovery and ordering platform Elmenus announced that it has secured investment from Julian Dames, co-founder of Foo...

food Discovery menu

U.A.E

Sprii closes $8.5 million in Series A

UAE-based e-commerce platform Sprii.com has raised a further $8.5 million in its Series A funding that it will use to accelerate its...

Moms E-commerce Series A

U.A.E

Hopi raises six-figure seed funding

Source: MenaBytes Hopi, a yet-to-be-launched Dubai-based direct-to-consumer subscription contact lens startup has raised seed funding...

contact lenses seed

Lebanon

BSynchro raises $1 million

Lebanon-based BSynchro Holding, an insurance technology company, has raised $1 million from its current shareholders Berytech Fund II and...

tech Insurance Software

Egypt

Swvl raises $42 million to expand to Africa

Source: Bloomberg Swvl, an Egyptian app for booking buses, has raised $42 million as it looks to expand into other parts of...

Booking buses online

Regional

Morocco-based Mubawab acquires Jumia House

Source: MenaBytes Mubawab, the leading real estate portal of Morocco that was acquired by Dubai-based Emerging Markets Property Group...

reak estate portal

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