Wamda

U.A.E

COFE raises $15 million Series B round led by Wa'ed Ventures

UAE-based online coffee marketplace Cofe has raised $15 million in a Series B funding round led by Wa'ed Ventures, with...

COFE Wa'ed Vnetures Coffee

Regional

Flat6Labs leads Burger Index’s $1.3 million Seed round

Spain-based AI startup Burger Index has raised $1.3 million in Seed funding to initiate its expansion in the GCC region. The round was...

Burger Index Flat6Labs f&b

Regional

Flat6Labs launches $95 million Seed fund to back early-stage startups in Africa

Seed investor and accelerator Flat6Labs, has launched a new $95 million Africa Seed Fund (ASF) to nurture the growth and development of...

Flat6Labs Africa Seed Fund ASF

U.A.E

Fashion app Bazaara raises $230,000, eying expansion in KSA

UAE-based fashion e-commerce startup Bazaara, has raised $230,000 in a pre-Seed round, led by Flat6Labs UAE, with participation from...

Bazaara Fashion E-commerce

Saudi Arabia

Kara raises $586,000 during Biban 2023

Saudi Arabia-based device-as-a-service (DaaS) startup Kara, has raised $586,000 (SAR 2.2 million) pre-Seed round led by Falak Investment...

Kara Biban 2023

U.A.E

UAE’s Sav raises $750,000 pre-Seed round

UAE-based fintech startup Sav has raised a $750,000 pre-Seed round led by angel investors. Founded in late 2021, Sav is designed to...

Sav

U.A.E

nealthy raises $1.3 million pre-Seed round

UAE-based virtual asset management platform nealthy, has raised $1.3 million in pre-Seed funding from undisclosed investors. Founded...

nealthy NFT Cryptocurrencies

Kuwait

Baims closes $4 million Series A round

Kuwait-based edtech Baims, has raised $4 million in a Series A funding round led by AK Holding, with participation from Al-Wazzan...

Baims EdTech AK Holding

Jordan

Flat6Labs launches ‘StartMashreq’ initiative to support entrepreneurs across the Levant region

Seed investor and accelerator Flat6labs, in partnership with the International Finance Corporation (IFC) and the government of the...

Flat6Labs ifc

Regional

Mena startups raised $760 million in February 2023

Startups in the Middle East and North Africa region (Mena) raised $760 million across 48 deals, up from 22 deals worth $104 million in...

Investment

Bahrain

Procural raises $1.2 million Seed

Bahrain’s Procural has raised a $1.2 million Seed round led by Flagship Holding and Canada-based BenchMatrix. Founded in...

Procural

Saudi Arabia

Emkan launches $31 million fund to back early-stage startups

Saudi Arabia-based VC firm Emkan Capital has announced the close of its $31 million Emkan Capital Fund I (ECP I). ECP I aims to invest...

Emkan Capital Emkan Capital Fund I Jada Fund of Funds

Saudi Arabia

Ygii raises pre-Seed round led by Flat6Labs

Saudi Arabia-based social commerce platform Ygii has secured a pre-Seed round from Flat6labs, with participation from a group of angel...

Ygii

Iraq

Iraq’s Orisdi closes $220,000 Bridge round

Iraq-based e-commerce platform Orisdi has raised $220,000 in a Bridge round. The round was closed in January and saw participation...

Orisdi closes $220 000 Bridge round Orisdi

Jordan

ISSF invests $5 million in Middle East Venture Fund IV

Innovative Startups and SMEs Fund (ISSF) has invested $5 million in Middle East Venture Fund IV (MEVF IV), a $150 million fund recently...

ISSF MEVP

U.A.E

Nadeera raises $200,000 through Beban TV show

UAE-based cleantech Nadeera has received a $200,000 investment from Bahraini VC firm Hope Ventures during an episode of the Beban...

Nadeera Beban Hope Ventures

U.A.E

Kitopi acquires AWJ Investments

UAE-based cloud kitchen operator Kitopi has acquired Dubai-founded food and beverage (F&B) group AWJ. The financial details of the...

Kitopi

U.A.E

Careem suspends operations in Qatar

UAE-based superapp Careem has suspended its operations in Qatar. The Uber-backed app launched its service in Qatar in 2013, a year...

careem

Saudi Arabia

Amwal raises $2.5 million pre-Seed round

Saudi Arabia-based fintech Amwal has secured $2.5 million in a pre-Seed round co-led by Shorooq Partners and Outliers Venture Capital...

Outliers Venture Capital Shorooq Partners Amwal

Morocco

KOOLSKOOLS raises $960,000 from Azur Fund

Morocco-based edtech KOOLSKOOLS has secured a $960,000 (MAD 10 million) investment from Azur Innovation Fund. Founded in 2020 by...

KoolSkools Azur Innovation Fund EdTech

Saudi Arabia

Munjz closes $5 million Series A round

Saudi Arabia-based proptech Munjz, has closed a $5 million Series A round, led by undisclosed investors, in addition to Vision Venture,...

Saudi Arabia Munjz Proptech

Bahrain

Parcel raises $1 million through Beban TV show

Bahrain-based last mile provider Parcel, has raised $1 million from Hope Ventures, along with Jahez and Cari, during an episode of...

Parcel Jahez Cari

Egypt

Hollydesk raises $1 million venture debt

Egypt-based fintech Hollydesk has raised $1 million in venture debt financing from unknown investors. Founded in 2020 by Mahmoud...

Hollydesk Fintech

U.A.E

8X Ventures to deploy $20 million in Mena cleantech startups

UAE-based VC firm 8X Ventures plans to deploy $20 million in the Mena region's climate tech and cleantech startups. It also plans to...

clean tech 8x Ventures

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