Wamda

U.A.E

Agthia Group launches $54 million CVC fund for foodtech startups

UAE-based food and beverage company Agthia Group PJSC has launched a $54 million VC fund “Agthia Ventures”. The CVC,...

U.A.E

Alma Health closes Series A round at $10 million

UAE-based healthtech startup Alma Health has raised a $10 million Series A funding round co-led by Knuru Capital and Hambro Perks Oryx...

Alma Health healthtech Knuru Capital

Bahrain

Unipal raises $500,000 to support Saudi expansion

Bahrain-born startup, Unipal, has raised a $500,000 follow-on investment from Tenmou and Flat6labs, with participation from GTS and...

Unipal

Global

Nuwa Capital leads $1.2 million pre-Seed round for US-based Mascotte Health

UAE-based Nuwa Capital has led a $1.2 million pre-Seed round for US-based Mascotte Health. The round also drew participation from...

Nuwa capital

Egypt

Egyptian fintech Menthum raises pre-Seed funding

Egypt-based fintech Menthum has raised pre-Seed funding from Acasia Ventures, along with A15 and other angel investors. Founded...

Menthum Acasia Ventures A15

Egypt

US-based Practical VC invests in Egypt’s EXITS MENA

US-based venture capital Practical VC has invested in Egypt’s EXITS MENA (Exits.ME), an M&A advisory firm and investment...

Exits.me

U.A.E

UAE’s Revibe raises $2.3 million to grow its refurbished electronics marketplace

UAE-based refurbished-electronics startup Revibe has raised $2.3 million led by Resonance, and Flat6Labs, with participation from...

Revibe

Morocco

Morocco’s Agenz secures $1.3 million pre-Series A

Morocco-based proptech Agenz, has raised $1.3 million in a pre-Series A financing round from Azur Innovation Fund, Maroc Numeric Fund...

Agenz Azur Innovation Fund Maroc Numeric Fund II

U.A.E

UAE’s HRtech alfii raises $2.5 million pre-Seed round

UAE-based HRtech startup alfii has raised a pre-Seed funding round of $2.5 million, led by US-based venture capital firm, Preface...

alfii HR solutions HR tech

Egypt

Egypt’s Masroofi raises $1.5 million

Egypt-based fintech Masroofi, has closed a $1.5 million investment round from undisclosed investors. Founded in 2022 by Mostafa...

Masroofi Fintech

Saudi Arabia

NOMU Group raises $5 million Seed round to expand product offering

Saudi Arabia-based foodtech startup NOMU, has raised a $5 million Seed round from DIV Capital, Shurfah, Core Vision, Purity for...

Nomu

Global

Islamic Coin raises $200 million from ABO Digital

Switzerland-based cryptocurrency developer Islamic Coin has raised $200 million in private equity from Alpha Blue Ocean’s ABO...

Islamic Coin ABO Digital

Morocco

Morocco’s Chari raises $1.5 million from Verof-Kepple Africa Ventures

Morocco-based B2B e-commerce and fintech startup Chari has raised $1.5 million from Verof-Kepple Africa Ventures. The investment...

Chari

Regional

Mena startups raised $35.6 million in June, pushing half year total to $1.6 billion

Startups in Mena raised $35.6 million in June 2023 across 45 deals, pushing the half year funding total to $1.6 billion. While May...

Investment

U.A.E

Logistics provider Transportr closes eight-figure Seed round

UAE-based logistics platform Transportr, has completed an eight-figure Seed funding round by Ittihad Ventures Holding, the VC arm of...

Transportr Logistics freight

Egypt

Saudi VMS acquires minority stake in Egyptian accelerator Cash Cows

Saudi VMS, a startup accelerator based in Saudi Arabia, has acquired a minority stake in its Egyptian counterpart, Cash Cows. The...

Cashcows

Bahrain

UAE’s HashMove raises pre-Series A round led by Bunat Ventures

UAE-based logistics platform HashMove has raised an undisclosed pre-Series A round, led by Bahrain’s Bunat Ventures in...

Bunat Ventures HashMove Logistics

Oman

UzOman invests in ZOOD

UzOman, a joint investment fund between Omani and Uzbek Sovereign Wealth Funds, has invested an undisclosed amount in Switzerland-based...

UzOman Zood

Egypt

Acasia Angels invests in UK medtech Precision Cardiovascular

Egypt-based angel investment group “Acasia Angels” has participated in the $750,000 Seed round in UK-based medtech Precision...

Acasia Angels Precision Cardiovascular medtech

Egypt

Egypt’s Agel raises pre-Seed round for its Shariah-compliant fintech platform

Egyptian fintech startup Agel has raised a seven-figure pre-Seed round from Plus Venture Capital (+VC) and Seedstars International...

Agel

Egypt

DMZ Cairo, EBank launch fintech bootcamp for Egyptian startups

DMZ Cairo has partnered with the Export Development Bank of Egypt (EBank) to launch a fintech bootcamp for early-stage Egyptian startups...

DMZ Cairo

Egypt

Egypt announces five-year tax exemption for startups

President Abdul Fattah El Sisi has announced a five-year tax exemption for startups, with an aim to boost the country’s ecosystem...

Egyptian ecosystem Startups in Egypt

Bahrain

KFED partners with Hope Ventures to expand Beban show in UAE

Khalifa Fund for Enterprise Development (KFED) has partnered with Bahrain-based Hope Ventures to expand its reality television show...

Biban

U.A.E

EDB launches agritech AED100 million lending programme

Emirates Development Bank (EDB) has launched an agritech-focused Dh100 million ($27 million) lending programme, targeting different...

EDB

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