Wamda

Palestine

Ibtikar Fund invests in Palestine's Safra

Palestine’s Ibtikar Fund has announced a new investment in Safra, a Ramallah-based online travel platform for travel agents in the...

travel tech palestine Ibtikar Fund

U.A.E

Wimo raises $500,000 in seed funding

Source: MENAbytes Dubai-based delivery logistics platform Wimo has raised $500,000 in seed funding from Dubai Angel Investors...

Seed funding seed investment Logistics

U.A.E

Yawmi closes seed round

Dubai-based food and beverage (F&B) e-commerce startup Yawmi, has closed a seed round from Shorooq Investments. The amount of...

Delivery uae food

Saudi Arabia

Saudi-based Lucidya raises ~$1.1 million in Series A

Source: Menabytes Jeddah-based Arabic-focused social media monitoring tool Lucidya has raised ~$1.1 million (4 million Saudi Riyal) in...

Turkey

Turkey's Modanisa sells minority stake to Goldman Sachs

Modest fashion online retailer Modanisa today announced that it has sold a minority stake to Goldman Sachs and Wamda Capital. The...

ecommerce modanisa modest fashion

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

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

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...

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

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

U.A.E

Step Conference 2019

For its seventh year in a row, the largest experiential tech festival in the Middle East, STEP Conference, is Coming Home to Dubai Internet...

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

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

U.A.E

Mix N' Mentor

Mix N’ Mentor brings together promising entrepreneurs with top regional and global mentors. The event includes mentorship...

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

Egypt

From Transport to Fintech: RiseUp Concludes its Sixth Edition

The sixth edition of the RiseUp Summit in Cairo closed with several announcements, engaging discussions and the inevitable bustle of the...

#entrepreneurship #RiseUp #AimHigh

Egypt

Competition heats up for Cairo's ride-hailing apps

The first announcement at this year’s RiseUp Summit in Cairo came from Halan, a motorcycle and tuk-tuk-hailing app. Following on from...

ride hailing careem Uber

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