Wamda

U.A.E

Intellia launches AI-driven vetting and project delivery platform

Intelllia, a provider of analytical and strategic support for investment and finance institutions, and corporate business development...

Intellia

Saudi Arabia

Saudi fintech Hakbah closes $2 million pre-Series A round

Saudi Arabia-based fintech Hakbah has closed a $2 million pre-Series A funding round, financed by Global Ventures and Aditum Investment...

Hakbah Fintech Global Ventures

U.A.E

e& acquires majority stake in Careem’s Super App for $400 million

UAE-headquartered communication firm e& (formerly Etisalat) has acquired a 50.03 per cent stake in Careem’s Super App spinout...

e& Careeem super app

U.A.E

The UAE raises tax threshold for startups

The UAE’s Ministry of Finance has raised the minimum threshold for corporate tax from $100,000 (AED375,000) to $816,000 (AED3...

uae Tax law entreprenership

Regional

Mena startups raised $247 million in March 2023, pushing Q1 funding to $1.1 billion

Startups in the Middle East and North Africa region (Mena) raised $247 million across 67 deals in March 2023, a decline of 67 per cent...

investments

Saudi Arabia

Shaker Group acquires 10% stake in Cashew

UAE-based fintech Cashew has raised an undisclosed investment from Saudi company Shaker Group, for a 10% stake. Founded in 2019 by...

Cashew Shaker Group Fintech

U.A.E

Scalo Technologies moves HQ to UAE, plans to invest $100 million in Mena startups

Singapore-based VC firm Scalo Technologies has moved its headquarters to Dubai, with the intention to invest $100 million in promising...

Scalo Technologies Venture Capital

Egypt

Acasia Angels invests in Greek startup Swaplanet

Egypt-based Acasia Angels has joined the €485,000 ($529,000) pre-Seed investment round in the Greece-based retail apparel swap...

Acasia Angels Swaplanet

Saudi Arabia

King Saud University invests in STV’s Total Growth Platform

The investment arm of King Saud University “Riyadh Valley Company (RVC)” has invested an undisclosed amount in STV’s...

King Saud University Riyadh Valley Company STV

Egypt

Camel Ventures launches $16 million fund to back fintech in Egypt

Egypt-based Camel Ventures has launched a $16 million VC investment vehicle “Camel Ventures for Investment I (CVI)”. The...

Camel Ventures Fintech CVI

Regional

SRMG launches VC arm to back regional early-stage media companies

Saudi Arabia-based media group SRMG has launched a new VC arm to back early-stage companies that focus on media creation, digital media,...

SRMG VENTURES FUZ Telfaz11

Egypt

Acasia Ventures invests in Fez’s $1 million Seed round

Egypt-based VC firm Acasia Ventures has participated in the $1 million Seed round raised by the Lagos-based last-mile delivery platform...

Acasia Ventures Fez Last mile

U.A.E

UAE’s fintech Qlub raises $25 million

UAE-based fintech Qlub has raised $25 million in a fresh round of funding, bringing the company's total Seed capital to $42...

Qlub

Turkey

After splitting from Swvl, Volt Lines raises carve-out round

Turkey-based ride-hail company Volt Lines has closed its carve-out round, with a 30 per cent oversubscription, after splitting from...

Volt Lines Swvl Wamda Capital

Bahrain

Bahraini proptech Estater raises $5 million Series A round

Bahrain-based proptech Estater has raised a $5 million Series A round, led by undisclosed investors from Saudi Arabia and...

Estater Proptech Real Estate

U.A.E

Credable closes $2.5 million Seed round led by Acasia Ventures

UAE-based fintech Credable has closed a $2.5 million Seed round led by Ventures Platform and Egypt-based VC firm Acasia Ventures...

Credable Acasia Ventures Fintech

Iraq

Iraqi Islamic Bank partners with MSA Novo to back startups in Iraq

Iraq Islamic Bank (IIB) has partnered with investment company MSA Novo, to launch a tech fund to invest in Iraqi startups and lead the...

Iraqi Islamic Bank MSA Novo iraq

Saudi Arabia

SVC launches $80 million VC fund to back fintech in KSA

Saudi Venture Capital Company (SVC) has launched an $80 million Investment in Fintech VC Fund, in partnership with the Capital Market...

SVC Fintech Saudi Arabia

Saudi Arabia

Saudi Arabia’s Aumet raises $7 million pre-Series A round

Saudi Arabia-based healthtech Aumet, has raised a $7 million pre-Series A funding round from AAIC, a Tokyo-based healthcare-focused...

Aumet healthtech

U.A.E

almentor raises $10 million pre-series C round led by e& capital

UAE-based edtech almentor, has raised $10 million in a pre-Series C round led by e& capital, alongside existing investors Partech,...

almentor EdTech e& capital

Morocco

Morocco's VotreChauffeur and VotreColis raise $240,000

VotreChauffeur and VotreColis have raised $240,000 (MAD 2.5 million) from Afrimobility, Akwa Group’s Venture...

VotreChauffeur VotreColis

Tunisia

OTF invests in Tunisia’s edtech Shape

Tunisia-based edtech startup Shape has raised funding from The Oman Technology Fund (OTF). The amount raised was not...

Shape OTF

Saudi Arabia

Tamara raises $150 million debt financing from Goldman Sachs

Saudi Arabia-based fintech Tamara, has closed a $150 million debt financing round from Goldman Sachs, bringing the startup’s total...

Tamara Fintech Goldman Sachs

Saudi Arabia

NFT marketplace Nuqtah raises Seed round

Saudi Arabia-based NFT marketplace Nuqtah, has raised an undisclosed Seed round led by Animoca Brands with participation from Polygon...

Nuqtah Animoca Brands NFT

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