Wamda

Egypt

Raya launches corporate accelerator for customer experience-focused startups

Raya Customer Experience (RCX), a subsidiary of Raya Holding, has launched its corporate accelerator, Raya FutureTECHm in Cairo, aiming...

Raya holding customer experience Openner

Saudi Arabia

Sabbar raises $4 million in pre-Series A

Saudi Arabia-based gig-economy marketplace platform has raised $4 million in a pre-Series A round led by STV with participation from...

Sabbar gig economy

Egypt

elmenus raises $10 million in pre-Series C round

Egypt-based food discovery and ordering platform elmenus has raised $10 million in pre-Series C, led by digital payments company Fawry,...

elmenues fawry

Egypt

Yodawy raises $7.5 million in Series B funding

Egypt-based online pharmacy marketplace Yodawy, has raised $7.5 million in a Series B funding round led by Middle East Venture Partners...

Yodawy healthtech

Saudi Arabia

Speero raises $1.8 million in pre-Series A

Riyadh-based auto services and repair platform Speero, has raised $1.8 million (SAR 6.75 million) in a pre-Series A funding round...

Speero automotive

Egypt

Edutainment platform Jeel raises $1.2 million in Seed round

Saudi Arabia and Egypt-based edutainment platform Jeel has received $1.2 million in a Seed funding round, led by Kuwaiti and...

Jeel edutainment

Saudi Arabia

Carsharing app Sharik raises SAR2.5 million

Saudi Arabia-based peer-to-peer carsharing app Sharik, has successfully closed a SAR2.5 million ($666,000) financing round via...

Scopeer Crowdfunding carsharing

Jordan

Jordan’s edtech Wajeez raises $3 million in pre-Series A round

Jordan-based edtech startup Wajeez has raised $3 million in a pre-Series A round, led by STV with participation from Shorooq...

Wajeez EdTech

U.A.E

UAE launches national programme for coders

The UAE has unveiled a national programme to train 100,000 coders and set up 1,000 digital companies over the next five years. It also...

Google Coding

Saudi Arabia

Nejree closes $15 million Series A for its 'try now buy later' platform

Saudi Arabia-based e-commerce platform Nejree has raised $15 million in a Series A round led by the Impact46 growth fund. Founded...

E-commerce Nejree

Egypt

ShipBlu raises pre-Seed funding led by Nama Ventures

Cairo-based startup ShipBlu has closed an undisclosed amount in a pre-Seed funding round led by Nama Ventures, with participation from...

Egypt ecommerce ShipBlu

Global

Eight Mena startups selected for Y Combinator's summer cohort 2021

Y Combinator’s latest summer cohort contains the largest group of startups from the Middle East and North Africa (Mena) in its...

Y Combinator

Regional

Mena startups raised $267 million in June 2021, pushing Q2 investment to $552 million

Startups in Mena have raised $267 million across 44 deals in June, propelling the second quarter investments to more than $552 million, a...

Investment

Saudi Arabia

Five Colors raises SAR5 million

Saudi Arabia-based video production company Five Colors, has raised SAR5 million ($1.3 million) via crowdfunding platform...

Scooper creative industries Five Colors

U.A.E

Global Ventures invests in insurtech Democrance

UAE-based insurtech startup Democrance has raised an undisclosed investment round, led by UAE VC firm Global Ventures with participation...

Global Ventures Insurtech Democrance

Morocco

Damanesign raises $450,000 from Maroc Numeric Fund II

Morocco-based Damanesign has raised $450,000 from the Maroc Numeric Fund II. Founded in 2021 by Zouhair Hamdaoui,...

Damanesign Maroc Numeric Fund II

Morocco

Y Combinator acquires 7 per cent of Morocco's B2B e-commerce startup Chari

US-based Seed investor and accelerator Y Combinator has acquired 7 per cent of shares in Morocco-based B2B e-commerce startup Chari,...

Chari B2B e-commerce Y Combinator

Global

Global Ventures participates in Nigeria-based teamApt's Series B funding round

UAE-based venture capital firm Global Ventures has participated in Nigeria-based fintech startup teamApt's Series B funding round,...

Global Ventures TeamAPT

Egypt

MaxAB raises $40 million in Series A

Egypt-based B2B e-commerce platform MaxAB, has raised $40 million in a Series A round, led by RMBV, with participation from the IFC,...

B2B ecommerce Series A MaxAB

Egypt

Zeew raises $170,000 in funding

Egypt-based e-commerce enabler platform Zeew, has raised $170,000 from Sanabil 500 MENA Seed Accelerator, a joint initiative of...

Zeew ecommerce enablement Sanabil Investments

U.A.E

Kitopi raises $415 million in Series C led by Softbank

UAE-based cloud kitchen platform Kitopi has raised $415 million in a Series C round led by SoftBank Vision Fund 2 with...

Kitopi cloud kitchen Softbank Vision Fund

Saudi Arabia

Saudi Arabia's Finance Ministry grants licenses for STC Bank and Saudi Digital Bank

Saudi Arabia's Finance Ministry has granted licenses for the Kingdom's first digital banks; STC and Saudi Digital Bank - both...

Fintech digital banks

Morocco

Morocco’s fintech Yalla Xash raises $675,000

Morocco-based fintech startup Yalla Xash has raised MAD6 million ($675,000) from Maroc Numeric Fund II. Yalla Xash is a...

Yalla Xash Fintech

Saudi Arabia

IR4LAB secures $1.5 million from Aramco’s Wa’ed

Saudi Arabia-based blockchain startup IR4LAB has secured a $1.5 million investment round from Aramco’s entrepreneurship arm,...

IR4LAB Wa'ed

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