Wamda

U.A.E

Beauty and wellness platform Shedul.com raises $6M

Dubai-based Shedul.com, a free booking platform for salons and spas, closed this week a $6 million round of Series A funding. The funds...

MEVP BECO Capital Shedul

Egypt

Algebra Ventures invests $1.5M in Egyptian food discovery platform Elmenus

Elmenus, one of the largest Egyptian food discovery platforms, received a $1.5 million investment in a Series A funding round from Algebra...

Regional

Video analytics startup Mintrics receives seed funding from Numu Capital

Numu Capital, the Dubai-based venture capital seed fund, has invested in Mintrics, a social video analytics dashboard. The startup uses...

startup seed investment Social Media

Lebanon

Lebanese Car wash app Blink My Car raises $1.2 million

The brainchild of two Beirut natives, Blink My Car received $1.2 million in a seed round last week. The investment round was led by...

Lebanon

Lebanese automotive marketplace receives $1.8M seed fund

Lebanese automotive marketplace Seez have received $1.8 million in seed funding from B&Y, Phoenician Funds, and Wamda Capital. Seez...

Seez seed fund B&Y

Lebanon

The UK Lebanon Tech Hub accentuates R&D financing in Lebanon [Wamda TV]

Despite its vast intellectual and academic capital, Lebanon still falls behind developed countries in terms of research. Its gross...

UK Lebanon Tech Hub Nadim Zaazaa Elie Akhras

U.A.E

Emaar Malls acquires 51% stake of online fashion retailer Namshi for $151M

Global Fashion Group (GFG), an international online fashion destination, announced today a strategic partnership with Emaar Malls, the...

Namshi Emaar Malls Mohamed Alabbar

Regional

Middle East Investment Summit explores MENA's VC trends

With the largest B round funding in the history of the Middle East tech ecosystem (41 million dollars for Fetchr) and Amazon’s...

Middle East Investment Summit Fetchr Angus Paterson

Egypt

Arabnet Dubai promotes investments in the MENA's emerging markets

As Arabnet CEO Omar Christidis took his last strides on the Arabnet Digital Summit stage in Dubai and shared some telling numbers, the...

Aqar Map Astrolabs Oman Technology Fund

Lebanon

Lebanon’s digital industry: the battle of BDL circulars

This article is an extension of Lebanon’s Circular 331: The birth of an industry piece, published here yesterday. On...

BDL Leap Ventures Bookwitty

Lebanon

Lebanon’s Circular 331: The birth of an industry

In August 2014, Banque du Liban (the Central Bank of Lebanon, abbreviated as BDL) issued Circular 331 with the aim of injecting 400 million...

BDL Circular 331 bookwitt

Egypt

Endeavor Catalyst Fund closes first $500,000 investment in Egypt

Endeavor Catalyst Fund, Endeavor’s co-investment vehicle, concluded its first investment in Egypt contributing 500,000 dollars to...

Investment fund statups

Lebanon

IM Capital invests in Bokja Design

Bokja Design Studio recently got funded by IM Capital and an angel investor (who preferred to stay anonymous). The [undisclosed] amount...

Bokja Design im capital investement

Turkey

Turkey’s Iyzico adds $2M to its Series C round

Online payment and fintech leader Iyzico announced earlier this week that Amadeus Capital Partners, the global technology investor, has...

news watch 212 turkey

Saudi Arabia

Takamol Holding helping both startups and investors

It’s a common scenario: Saudi entrepreneurs complain about the lack of investment and venture capital put into startups, while...

Saudi Arabia ksa Musharakah

Regional

360Vuz secures an undisclosed round of venture capital led by Dubai Silicon Oasis Authority

360Vuz, the virtual reality startup in the Middle East, announced that it had raised an undisclosed round of venture capital led by Dubai...

360vuz virtual reality Augmented Reality

U.A.E

Dubai’s Carswitch.com raises $1.3M

Carswitch.com has secured $1.3 million investment from Glowfish Capital, the early stage incubator, after achieving a solid 30 percent...

carswitch.com Transport news watch

Saudi Arabia

Softbank frees up $8B cash for joint-Saudi fund

Japan’s Softbank Group has sold a stake in UK chip design firm, Arm Holdings, to fund its investment in in the $100 million...

Saudi Arabia Softbank ARM

Turkey

Modest fashion site Modanisa closes new round

Modanisa, the Turkey-based modest fashion site, has closed a fourth round of funding. Led by Dubai-based VC Wamda Capital for an...

modanisa Wamda Capital modest fashion

Egypt

UK foreign minister Boris Johnson praises Egypt startups

UK foreign secretary Boris Johnson praised the creativity and originality of Egypt’s entrepreneurs on Saturday during a networking...

Bosta boris johnson

Regional

Startup Investments: The evolution of the MENA ecosystem in 2016 [Report]

Startup Investments: The evolution of the MENA ecosystem in 2016 [Report] from Wamda Research Lab 2016 was a booming year for i...

investement Report WRL

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