Wamda

Saudi Arabia

Plug and Play to launch $100 million fund to invest in Saudi startups

Silicon Valley-based tech investor Plug and Play Tech Center announced that it will establish a $100 million fund to invest in Saudi...

Plug and Play

Saudi Arabia

SVC invests $30 million in Bedaya Fund II

Saudi Venture Captial (SVC) has invested $30 million in Shorooq Partner’s recently launched $150 million Bedaya Fund II. The...

SVC

U.A.E

Instashop acquires B2B wholesale marketplace GroCart

UAE-based q-commerce startup InstaShop has acquired GroCart, a B2B marketplace that connects FMCG retailers with wholesalers. The value...

instashop Grocart

Global

The financial rollercoaster has investors reeling: is the “great rebalancing” here?

Abhishek Datta is the associate vice president at the Continental Group, an insurance intermediary and financial services solution provider...

oped

Morocco

Morocco’s Colis.ma receives $50,000 from Kenya-based accelerator The Baobab Network

Morocco-based logistics startup Colis.ma has received $50,000 from Kenya’s The Baobab Network as part of its accelerator...

Colis.ma

Saudi Arabia

Jada Fund of Funds invests in Investcorp’s $500 million Saudi pre-IPO growth fund

Jada Fund of Funds, a subsidiary of Saudi Arabia's Public Investment Fund (PIF) has invested in Bahrain's Investorcorp, a $500...

PIF Jada Fund of Funds

Bahrain

Bahrain’s Tenmou exits five portfolio startups

Bahrain-based angel investor Tenmou has announced the partial and full exit of five portfolio startups. Startups that were fully...

Tenmou

Global

Saudi Arabia and South Korea launch $160 million startup fund

South Korea and Saudi Arabia have announced the creation of a joint fund worth $160 million to invest in both South Korean and Saudi...

Saudi-South Korean startup fund

Global

Acasia Ventures launches office in Lagos

Egypt’s Acasia Ventures, formerly Cairo Angels, has opened an office in Lagos, Nigera, in an effort to expand the firm’s...

Acasia Ventures

Global

Nama Ventures invests in Nigerian startups, Messenger and Termii

Saudi Arabia-based Nama Ventures led a pre-Seed round for Nigeria’s logistics startup, Messenger, and participated in a $3.6 million...

Nama Ventures

Egypt

Logistics startup Trella raises $3.5 million from Avanz Capital Egypt

Egypt’s marketplace for trucks, Trella, has raised $3.5 million from newly-launched private equity fund Avanz Capital Egypt. The...

Trella

Saudi Arabia

First cohort of ten startups graduates from Flat6Labs Riyadh accelerator programme

Ten startups have graduated from the Flat6Labs Riyadh accelerator programme’s first batch, with each receiving $133,000 (SAR...

Fla6tlabs Riyadh accelerator programme

Oman

Oman’s byanat secures Seed round

Oman-based SaaS startup byanat has raised an undisclosed Seed funding round with contributions from 500 Global, Sanabil Investments,...

byanat SAAS 500 Global

Regional

Mena startups raised $445 million in May 2023

May was a bounce-back month for VC activity in the Middle East and North Africa (Mena), as venture funding into the region’s startups...

Investment

Regional

Google launches cleantech accelerator programme for startups in MEA

Google has announced the launch of a cleantech accelerator programme aimed at startups from across the Middle East and Africa. The...

Google

Egypt

Egypt’s Rology acquires Saudi Arabia-based Arkan United

Egypt-based healthtech Rology has acquired Saudi Arabian counterpart Arkan United. The value of the transaction was not disclosed. The...

Rology

Saudi Arabia

Autobia raises $2.5 million Seed round

Saudi Arabia-based B2B automotive platform Autobia has closed a $2.5 million Seed funding round, led by Sadu Capital and supported by...

Autobia Sadu Capital Wa'ed Vnetures

Oman

Oman’s Sharakah joins Beehive’s board as new investor

Oman-based SME developer company Sharakah has come on board with UAE-based fintech Beehive as a new investor. The new partnership will...

beehive Sharakah

Saudi Arabia

Women in Tech programme awards $50,000 to three Saudi female-led startups

Three Saudi Arabia-based female-led startups have been awarded $50,000 in equity-free cash rewards, as part of the Standard Chartered...

women in tech Falak investment hub Standard Chartered

Morocco

Moroccan healthtech DataPathology raises $1 million from Azur Innovation Fund

Morocco-based healthtech startup DataPathology has raised $1 million from Azur Innovation Fund. Founded in 2020 by Mohammed El...

Azur Innovation Fund

U.A.E

Tabby closes new round, upsizes debt facility to $350 million

UAE-based fintech Tabby has upsized its debt facility to $350 million after closing a new financing round led by San Francisco-based...

Tabby Fintech BNPL

Saudi Arabia

SVC allocates $7.5 million to Endeavor Catalyst fund

Saudi Venture Capital (SVC) has allocated $7.5 million to Endeavor Catalyst, the investment arm of Endeavor Global. The allocation is...

SVC Endeavor Catalyst Fund

Morocco

Morocco’s PrestaFreedom raises $1.1 million from Azur Innovation Fund

Morocco-based home services marketplace PrestaFreedom has raised $1.1 million (MDH 11,000,000) from Azur Innovation Fund. Founded in...

PrestaFreedom

U.A.E

Cargoz raises undisclosed bridge round to fuel KSA expansion

UAE-based logistics startup Cargoz has secured an undisclosed bridge funding round from Nama Ventures, RAZ Group and other angel...

Cargoz Nama Ventures RAZ Group

Thought Leadership

All the information you need to navigate Mena's startup ecosystem

Thank you