Wamda

U.A.E

Fine Diner raises $150,000 in Seed round

UAE-based foodtech Fine Diner has raised $150,000 in Seed funding from angel investors. Founded in 2019 by Sami Elayan, Saed...

foodtech cloud kitchen

Saudi Arabia

Saudi logistics startup Mkhdoom raises $1.1 million

Press release: Saudi Arabia-based logistics provider, Mkhdoom, has secured $1.1 million (SAR 4 million) in a Seed round led by Aljabr...

Logistics

Global

SWVL acquires UK's Zeelo for $100 million

Dubai-based mobility startup SWVL, has acquired UK-based B2B smart buses operator startup Zeelo, in a deal valued at $100 million. This...

Swvl

Saudi Arabia

Saudi discount platform Remmsh raises funding from Nama Ventures

Saudi Arabia-based discount code platform Remmsh, has raised pre-Seed funding from Nama Ventures. The amount raised was not...

Nama Ventures

U.A.E

Dubai launches $100 million debt fund to finance startups

Dubai has launched a Dh370 million ($100.7 million) VC debt fund to finance startups and fuel their global expansion. The Venture Debt...

venture debt fund Dubai DIFC

Jordan

Repzo raises $1.4 million Bridge round

Jordan-based SaaS platform Repzo, has raised a $1.4 million bridge round, led by the Arab Palestinian Investment Company...

repzo SAAS

U.A.E

Joi Gifts closes $1 million pre-Series B round

UAE-based e-commerce gifting platform Joi Gifts, has raised $1 million in pre-Series B funding from Panthera Capital and other regional...

joi gifts

Saudi Arabia

Red Sea Farms raises additional $18.5 million to fuel expansion plans

Saudi Arabia-based agritech Red Sea Farms has raised an additional $18.5 million co-led by Wa’ed, the venture capital arm of Saudi...

Red Sea Farms agritech

U.A.E

UAE fintech zenda raises $9.4 million Seed to accelerate India expansion plans

UAE-based fintech zenda, has raised $9.4 million in a Seed round from STV, COTU, Global Founders Capital, and...

Fintech zenda

Saudi Arabia

KAUST launches innovation fund

The King Abdullah University of Science and Technology (KAUST) has launched a VC fund to invest in seed level deeptech...

KAUST KAUST Innovation Fund

U.A.E

Millennial Brands raises $35 million growth round

UAE-based direct-to-consumer (D2C) platform Millennial Brands, has raised $35 million in growth funding led by Global Emerging Markets...

Millennial Brands Global Emerging Markets Group E-commerce

Regional

FOODICS raises $170 million Series C round for expansion

FOODICS, a Saudi Arabia-based fintech and foodtech platform, has raised $170 million in a Series C round, co-led by Prosus and Sanabil...

Foodics

Egypt

UAE’s QiDZ app receives investment from CASF

UAE-based entertainment marketplace QiDZ, has raised investment from the Cairo Angels Syndicate Fund (CASF). The amount raised was not...

QiDZ CASF Cairo Angels Syndicate Fund

Egypt

The Food Lab raises $4.5 million pre-Seed round

Egypt-based cloud kitchen operator The Food Lab, has raised $4.5 million in a pre-Seed round, co-led by Nuwa Capital, Shorooq Partners...

The food Lab

Morocco

Morocco’s Nessiam secures $306,000 investment

Morocco-based lingerie e-commerce site Nessiam, has secured a $306,000 investment from CDG Invest, the CDG Group’s investment arm,...

Nessiam 212 Founders programme CDG Invest

U.A.E

Lune Technologies receives $68,000 investment from Sandooq Al Watan

UAE-based financial analysis app Lune, has raised a $68,000 investment from Sandooq Al Watan to accelerate its growth. Founded in 2020...

Lune Technologies Sandooq Al Watan Financial Analysis

Saudi Arabia

Saudi Spoilz Games closes $692,000 pre-Seed round

Saudi Arabia-based gaming platform Spoilz Games has closed a pre-Seed investment round of $692,000 from angel investors. Founded in...

Spoilz Games Gaming

Regional

Footballco acquires Kooora for $25 million

Footballco, a UK-based digital media company focused on football, has acquired UAE-based online sports content startup Kooora, in a deal...

Kooora

Regional

Startups in Mena raised $299 million in March 2022, pushing Q1 funding to $934 million

Startups in the Middle East and North Africa region (Mena) raised $299 million across 79 deals in March 2022, a 22 per cent decrease...

Investment

Egypt

Egyptian healthtech Rology closes pre-Series A round

Egypt-based healthtech Rology, has closed a pre-Series A round from Egypt Ventures, Sequence Ventures, Waseel, Tawaref, and Viktoria...

Rology healthtech

Egypt

Shift EV to expand beyond Egypt after raising Series A round

Egypt-based electric mobility startup Shift EV, has raised an undisclosed Series A round, led by the startup's existing...

Shift EV

Egypt

The startup tackling plastic waste in Egypt through its “reverse vending machine”

As the most populous country in the Middle East, Egypt produces the largest quantity of plastic waste at an average of 5.4 million tonnes...

plastic waste Dawarha Cleantech

Egypt

Egypt’s Pylon raises $19 million Seed round

Egypt-based infrastructure management platform Pylon, has raised $19 million in a Seed funding round comprising equity and debt, led by...

Pylon YCombinator Khawarizmi Ventures

U.A.E

Water sustainability startup Wisewell raises $2 million pre-Seed round

UAE-based water tech startup Wisewell has closed a $2 million pre-Seed funding round, led by BECO Capital, bringing its total funding to...

Wisewell water sustainability BECO Capital

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