Wamda

Regional

India's startup expansion to Mena: A cause for concern?

Since 2016, more than 50 India-based startups have expanded into the Middle East and North Africa (Mena) by making their UAE debut an entry...

India Softbank Softbank Vision Fund

U.A.E

Workspace booking platform Hotdesk raises $1 million seed round

Dubai-based on-demand workspace booking platform Hotdesk has raised a $1 million seed funding round, led by Virtuzone with participation...

hotdesk workspace Proptech

U.A.E

Cloud Klair acquires UAE-based insurtech Sehteq

US-based cloud computing and SaaS startup Cloud Klair has acquired UAE-based insurtech Sehteq as it looks to...

Cloud Klair Sehteq

U.A.E

Zbooni closes $9.5 million Series A round

UAE-based Zbooni, a social and conversational commerce platform, has closed a second tranche of $4.5 million to bring its total Series A...

Zbooni social commerce

Egypt

ITIDA, Plug and Play sign agreement to boost Egyptian tech ecosystem

Egypt’s Information Technology Industry Development Agency (ITIDA) and US-based venture capital (VC) Plug and Play have entered...

Plug and Play ITIDA

Morocco

Moroccan freight startup Cloud Fret raises $390,000 investment

Morocco-based logistics startup Cloud Fret has received MAD3.5 million ($390,000) from Azur Innovation Fund, marking the fund’s...

Cloud Fret freight north africa

Egypt

Blockchain platform Pravica raises investment from Crypto Valley VC

Cairo-based blockchain startup Pravica has raised an undisclosed direct investment from the Swiss venture capital firm and...

Pravica Blockchain Security

Saudi Arabia

Wa’ed pledges $5.9 million to support Saudi entrepreneurs in Yanbu roadshow

Wa’ed, the entrepreneurship arm of Saudi Arabia’s Aramco, has doubled down its financial support to Saudi-based startups,...

Aramco Wa'ed entreprenership

Egypt

Fawry acquires minority stake in Brimore

Egypt-based financial technology firm Fawry has acquired a minority stake in social commerce platform Brimore, at a value of...

fawry Brimore

Morocco

Moroccan healthtech DataPathology raises $223,000

Casablanca-based healthtech DataPathology has raised $223,000 in its latest funding round led by WitamaxOne, which is jointly backed by...

DataPathology healthtech

Egypt

Egyptian marketplace Shiphaly raises six-figure investment

Cairo-based startup Shiphaly has raised an undisclosed six-figure round, led by Faisal Abdulsalam, the founder of Purity, with the...

Shiphaly marketplace

Egypt

Contactcars acquires auto auctions platform Sa3ar

Egypt-based automotive marketplace Contactcars.com, a subsidiary of Contact Financial Holding, has acquired Sa3ar Technology...

Car dealership ContactCars

Egypt

Cartona completes $4.5 million pre-Series A round led by Global Ventures

Egypt-based B2B platform Cartona has raised $4.5 million in a pre-Series A round led by Global Ventures, with participation from Kepple...

b2b B2B e-commerce Cartona

U.A.E

Joi Gifts raises $2.5 million Series A

E-commerce platform Joi Gifts has raised $2.5 million in a Series A round, led by Dubai-based VC Knuru Capital, alongside MENA Moonshots...

joi gifts E-commerce

Iraq

Iraq’s Miswag raises $1.6 million pre-Series A

Iraq-based B2C marketplace Miswag, has raised $1.6 million in a pre-Series A round. This funding closely follows its six-figure...

Miswag E-commerce marketplace

Global

500 Startups closes $140 million fund, rebrands to 500 Global

US-based venture capital firm 500 Startups has closed its largest fund to date at $140 million and has rebranded to 500 Global. The...

500 Global 500 startups

Egypt

Egyptian healthtech Sotech raises $1 million pre-Seed round

Egypt-based healthtech and internet of things (IoT) startup Sotech has raised $1 million in a pre-Seed funding round led by Innlife...

Sotech healthtech

U.A.E

Supy raises $1.5 million pre-Seed round

UAE-based startup Supy has raised $1.5 million in pre-Seed funding, co-led by UAE-based investor COTU Ventures and US-based Valia...

Supy COTU Ventures Valia Ventures

U.A.E

ElKaso raises $2.1 million pre-Seed round

UAE-based B2B marketplace Elkaso has raised $2.1 million in its pre-Seed round, led by Global Founders...

Elkaso B2B e-commerce

Saudi Arabia

Saudi's Unifonic raises $125 million Series B from Softbank and Sanabil

Saudi Arabia-based engagement platform Unifonic has raised a $125 million Series B round led by Softbank Vision Fund 2 and...

Unifonic Softbank

U.A.E

NB Ventures invests in CRM solutions provider Yegertek

Dubai-based CRM solutions provider Yegertek has received an undisclosed amount of funding from NB Ventures. Founded in 2017 by...

NB Ventures Yegertek

U.A.E

Enhance Fitness app raises $3 million Series A

Dubai-based fitness app Enhance Fitness has closed a $3 million Series A round from Global Ventures. Founded in 2018 by Tarek...

Enhance Fitness Sport

Bahrain

Bahrain’s Investcorp acquires British fintech MIR Limited

Bahrain-based Investcorp Technology Partners (ITP) has acquired all of the business and assets of UK-based fintech MIR Limited, for an...

Investcorp MIR Limited Fintech

Egypt

B2B e-commerce Capiter raises $33 million Series A

Cairo-based B2B e-commerce startup Capiter has raised $33 million Series A, co-led by Quona Capital and MSA Capital alongside additional...

Capiter B2B e-commerce

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