Wamda

U.A.E

Mafhoom secures $1.36 million pre-Seed

UAE-based fintech Mafhoom Technologies has raised a $1.36 million pre-Seed funding round, led by Al-Wafra Al-Thanya for...

Mafhoom Fintech Al-Wafra Al-Thanya for Investments

Saudi Arabia

Tamara secures additional debt financing of $250 million

Saudi Arabia-based fintech Tamara has secured an additional $250 million in debt financing, bringing its total warehouse facility to up...

Tamara BNPL Fintech

Saudi Arabia

Saudi fintech LYNK raises new round of investment

Saudi Arabia-based fintech LYNK has raised an investment round from Al Fozan Holding and Ramla Holding Group. The amount raised was not...

LYNK Fintech Al Fozan Holding

Global

SC Ventures, SBI Holdings launch digital asset investment firm in UAE

SC Ventures, the investment arm of Standard Chartered, has partnered with Japan-based SBI Holdings, to establish a digital assets...

SC Ventures SBI Holdings Digital assets

Morocco

Morocco’s CloudFret closes $2.1 million round

Morocco-based logistics startup CloudFret has secured a $2.1 million funding round from AfriMobility and Azur Innovation...

Cloudfret AfriMobility Azur Innovation Fund

Saudi Arabia

COGNNA closes $2.25 million Seed round led by IMPACT46

Saudi Arabia-based cybersecurity startup COGNNA has closed a $2.25 million Seed round, led by IMPACT46, with participation from Vision...

COGNNA Impact46 cybersecurity

Saudi Arabia

Saudi proptech Ajras raises $28 million led by Madarek International

Saudi Arabia-based proptech Ajras has raised a $28 million (SAR 105 million) Seed round led by Madarek International in a mix of debt and...

Ajras أجراس السعودية

Egypt

VMS invests in Egyptian edtech Akhdar

Egypt-based edtech Akhdar has raised a six-figure round from Saudi Arabia-based venture studio Value Maker Studio (VMS). The goal of...

Akhdar VMS

Saudi Arabia

Riyadh Valley Company invests in Flat6labs’ Startup Seed Fund

Saudi Arabia’s Riyadh Valley Company (RVC), the investment arm of King Saud University, has invested an unknown amount in...

Riyadh Valley Company King Saud University Flat6Labs

Regional

Mena startups raised $156 million in October 2023

Funding in October 2023 saw a turnaround after exhibiting a downward trend for the past four months. Startups in the Middle East and North...

Investment

Saudi Arabia

Egyptian e-commerce SaaS startup Awfar raises funding from VMS

Egypt-based SaaS e-commerce startup Awfar has secured a six-figure sum from Saudi Arabia-based venture studio Value Maker Studio (VMS)...

VMS Awfar

Saudi Arabia

Egypt’s OBM Education raises funding from VMS to accelerate Saudi Expansion

Egypt-based edtech startup OBM Education has raised a seven-figure sum from Saudi Arabia-based venture studio Value Maker Studio...

VMS OBM Education

Saudi Arabia

Edtech Noon closes $41 million Series B

Saudi Arabia-based edtech Noon has raised a $41 million Series B funding round, co-led by Wa’ed Ventures and Raed Ventures with...

Noon EdTech Ra'ed Ventures

U.A.E

SpiderSilk raises $9 million led by Wa’ed Ventures

UAE-based cybersecurity startup SpiderSilk has raised a $9 million funding round led by Wa’ed Ventures, with participation from...

spiderSilk Cypersecurity Wa’ed Ventures

Regional

Will the Middle East's accession to BRICS impact the startup sector?

Earlier this year, the UAE, Saudi Arabia and Egypt, alongside Iran, were welcomed into the BRICS alliance, which comprises Brazil, Russia,...

BRICS Arab startup

U.A.E

UAE fintech NOW Money closes new funding round to expand product offering

UAE-based fintech NOW Money has secured an undisclosed financing round led by Dubai-based entrepreneurs Mark Nutter and Nicolas...

now money

Morocco

ORA Technologies secures $1 million pre-Seed funding

Morocco-based super app ORA Technologies has closed a $1 million pre-Seed funding from local private investors. Founded in 2023 by...

Ora E-commerce super app

Saudi Arabia

Tabby closes $200 million Series D at $1.5 billion valuation

Saudi Arabia-based fintech Tabby has raised $200 million in Series D equity financing at a valuation of $1.5 billion, prior to a planned...

Tabby BNPL Fintech

Global

Aramco Ventures leads $10 million Series A round for REDEX

Aramco Ventures, the corporate venturing subsidiary of Saudi energy and petrochemical enterprise Aramco, has led a $10 million Series A...

Aramco

U.A.E

23 startups join Hub71’s Company Building programme

Abu Dhabi’s Hub71 has selected 23 startups to join its 13th cohort of the Company Building programme, each receiving up to...

Hub71 Company Building programme

Egypt

Egyptian healthtech Almouneer raises $3.6 million Seed round

Egypt-based healthtech Almouneer has raised a $3.6 million Seed round, led by Global Ventures, Proparco and Digital Africa through...

Almouneer Global Ventures healthtech

Regional

Growth-stage companies in Mena face $20 billion funding gap

Growth-stage funding in the Middle East and North Africa region (Mena) faces a $20 billion gap, with only $4.2 billion VC dry powder...

STV Growth-stage funding in Mena

Tunisia

Tunisian fintech My Easy Transfer raises $423,000 investment

Tunisia-based fintech My Easy Transfer has raised a $423,000 investment from 216 Capital. Founded in 2022 by Ismaïl Khenissi and...

My Easy Transefer 216 Capital Fintech

Saudi Arabia

NEOM launches investment arm NIF, announcing large investments in clean industries

Saudi Arabia’s NEOM has launched its investment arm, the NEOM Investment Fund (NIF), aiming to support the buildout and...

NEOM NIF Regent

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