Wamda

Egypt

Egypt launches $109 million Avans Manara fund of funds

Egyptian banks and institutions have partnered to launch the “Avans Manara” fund, with total targeted investments amounting...

Avans Manara smes

Egypt

Robo-advisory startup Xpovi raises $300,000 pre-Seed round

Egypt-based robo-advisory startup Xpovi, has launched after raising a $300,000 pre-Seed round led by a group of angel...

Xpovi

Egypt

Otida raises $340,000 for its diabetes management app

Egypt-based healthtech startup Otida, has raised $340,000 in a pre-Seed round led by Lofty Inc, a US-based VC, with participation...

Otida

Saudi Arabia

Saudi proptech Darent raises $1 million pre-Seed round

Saudi Arabia-based proptech Darent has raised $1 million in a pre-Seed round led by Watheeq Proptech Venture with the participation of...

Darent Proptech Watheeq

Saudi Arabia

Investment initiatives worth $4.2 billion announced at GEC Riyadh

Investment initiatives valued at $4.2 billion were announced at the Global Entrepreneurship Congress (GEC), held in Riyadh under the...

Saudi Arabia GEC Start-up

Morocco

Morocco’s Al Mada launches pan-African $109.5 million VC fund

Morocco-based Al Mada Holding Group has launched a $109.5 million pan-African venture capital fund to invest in fast-growing...

Al Mada africa Venture Capital

U.A.E

Digital health platform altibbi raises $44 million in Series B

UAE-based and Jordan-born digital health startup Altibbi, has raised a $44 million Series B funding round, led by Foundation Holdings,...

AlTibbi

Egypt

Fantasy football platform Eksab raises $3 million Seed round

Egypt-based daily fantasy football platform, Eksab, has secured a $3 million Seed funding round, led by 4DX Ventures with participation...

Eksab Fantasy Football

Global

SWVL acquires German mobility software startup door2door

Dubai-based mobility startup SWVL, has acquired Berlin-based public mobility solutions provider door2door for an undisclosed...

Swvl

Tunisia

Tunisia’s biotech WaterSpirit raises $872,000

Tunisia-based B2B biotech startup WaterSpirit has closed a fundraising round of $872,000 from undisclosed Tunisian investors. Founded...

WaterSpirit biotech

Pakistan

Shorooq Partners invests in Pakistan-based COLABS

Shorooq Partners has invested in Pakistan-based COLABS’ $3 million seed round which was led by Indus Valley Capital, Zayn...

COLABS Shorooq Partners

Egypt

Sequence Ventures to invest in 10 startups through $8 million Deep-Tech fund

Egypt-based VC Sequence Ventures, is planning to invest $8 million (EGP150 million) in 10 tech companies this year via its Egypt...

Sequence Ventures Deep-Tech Fund

Pakistan

Saudi Sary expands to Pakistan with investment in B2B e-commerce Jugnu

Saudi Arabia-based e-commerce platform Sary, has expanded to Pakistan, by leading the investment round in Pakistan-based B2B e-commerce...

SARY Jugnu E-commerce

U.A.E

Cypher Capital launches $100 million blockchain-focused fund

UAE-based Cypher Capital has launched a $100 million VC fund to invest in startups in blockchain, crypto and other digital assets. The...

U.A.E

SHUAA Capital launches $250 million venture debt fund

SHUAA Capital has launched SHUAA Venture Partners, a $250 million Shari’ah fund focused on venture debt...

Shuaa Capital SHUAA Venture Partners

U.A.E

Hub71 startups have raised $408 million since 2019

Startups based in Abu Dhabi's tech ecosystem Hub71, have raised Dh1.5 billion ($408 million) in funding since 2019. The aggregate...

uae Hub71 Start-up

Jordan

Jordan's Ahli Fintech invests $190,000 in InvoiceQ

Jordan Ahli Bank's accelerator Ahli Fintech, has invested $190,000 in Jordan-based fintech InvoiceQ, after the startup...

InvoiceQ

Saudi Arabia

Carasti expands to KSA following $2 million bridge round

UAE-based mobility platform Carasti, has announced its expansion to Saudi Arabia following a $2 million bridge round from Net Ventures...

Carasti

U.A.E

FlapKap launches after raising $1.2 million led by A15

Egypt-based SaaS platform FlapKap, has launched after raising $1.2 million in a round led by A15. Co-founded by Ahmad Coucha (CEO),...

FlapKap

Saudi Arabia

Saudi fintech Arib raises $2.3 million Seed

Saudi Arabia-based fintech Arib, has raised $2.3 million in a Seed round, led by Merak Capital, with participation from angel...

Saudi Arabia fin-tech

U.A.E

SHUAA Capital acquires majority stake in Souqalmal

UAE-based investment firm SHUAA Capital has acquired a majority stake in UAE-based fintech Souqalmal for an undisclosed amount. SHUAA is...

Shuaa Capital

U.A.E

Visual content production Flashy raises $400,000 pre-Seed round

UAE-based SaaS visual content platform Flashy, has raised $400,000 in a pre-Seed round from a group of regional and international...

Flashly

Egypt

Three Egyptian banks launch $85 million MEA-focused fintech fund

Three major Egyptian banks have launched a fintech fund in partnership with Global Ventures. Banque Misr, National Bank of Egypt, and...

Khazna Nclude Mozare3

U.A.E

Metaverse startup Eikonikos raises $2 million pre-Seed round

UAE-based metaverse startup Eikonikos has raised a $2 million pre-Seed round led by angel investors. Founded by Mohamed Vasif,...

metaverse

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