Wamda

Bahrain

Bahrain eases access to funding for startups and SMEs

The Bahraini government has approved new amendments to the Bahrain commercial companies (BCC) law to help boost startups access to funding...

Bahrain commercial companies Access to funding Convertiable notes

Global

Mubadala leads $700 million funding for US-based Reef Technology

Source: Zawya AbuDhabi's Mubadala Investment Company has led a $700 million funding round for Reef Technology, a US-based...

Mubadala Investment Company Reef technology mobility and logistics

Egypt

Cairo Angels launches syndicate fund

Egypt-based angel network Cairo Angels, has launched its first $3 million micro-venture syndicate fund, aiming to back up and support the...

cairo angels Early-stage pre-Series A

Saudi Arabia

Jada Fund of Funds company invests in Alpha Capital

Source: Saudi 24 news “Jada” Fund of Funds Company, which is one of the Public Investment Fund companies, has signed a...

Alpha Capital Jada Fund of Funds smes

Regional

Mena startups raised $47.6 million in October

Cloud kitchens have pushed up investments in October after Kaykroo launched with a $4 million funding round and Sweetheart Kitchen...

investments

Egypt

ILLA raises $500,00 seed

Egypt-based delivery and logistics startup ILLA, has raised $500,000 seed investment from Averroes VC, AUC Angels and a consortium of local...

Flat6Labs Cairo ILLA FMCG

Regional

Veolia launches accelerator for social startups and SMEs

France-based Veolia has launched an acceleration and mentoring programme, aimed at supporting social startups and SMEs across the Middle...

Veolia acceleration smes

Morocco

ATLAN Space raises $1.1 million in Series A

Morroco-based ATLAN Space has raised $1.1 million (MAD 10 million) for its Series A funding round from Maroc Numeric Fund II, with...

ATLAN Space AI UAVs

U.A.E

Cartlow raises $2 million in pre-Series A, launches VASCART

UAE-based "re-commerce" platform Cartlow, has raised a $2 million (AED 7.3 million) pre-series A investment round from Arzan...

Recommerce pre-owned indsutry market Cartlow

Egypt

Brantu raises Series A investment

Egypt-based fashion e-commerce platform Brantu has raised a seven-figure Series A round from Sawari Ventures. Launched by Mohamed Rizk...

Brantu Series A ecommerce

Egypt

Amjaad Technology raises investment for ongoing pre-Series A

Cairo-based smart metre and internet of things (IoT) startup Amjaad Technology, has raised a six-figure funding round from Bahrain-based...

IoT Amjaad technology Energytech

Bahrain

Bahrain Fintech Bay, US’s MEPI launch accelerator for local startups

Bahrain Fintech Bay (BFB) and the US State Department’s Middle East Partnership Initiative (MEPI), have teamed up to launch a virtual...

acceleration Bahrain Fintech Bay Build for Bahrain

Bahrain

Dubai's ICD, Bahrain-based Investcorp invest in India's FreshToHome

Source: Money Control FreshToHome, an online retailer of seafood and poultry said on October 28 that it has raised $121 million in a...

FreshToHome ICD Investcorp

U.A.E

TIER marks return of e-scooters in Dubai

Berlin-based micro-mobility provider TIER, has launched its first fleet of e-scooters in Dubai. This marks the first launch of an e-scooter...

E-scooters micromobility TIER

U.A.E

Dubai Crown Prince launches Nasdaq Dubai Growth Market for SMEs

Source: WAM H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, has launched the Nasdaq Dubai Growth Market, a...

smes Nasdaq Dubai Growth Market Dubai Financial Market

U.A.E

Dubai's Jabbar Internet Group invests in India's Arzooo

Source: Money Control B2B Retail-tech firm, Arzooo on Tuesday said it has raised $7.5 million (about Rs 55.3 crore) in a funding round...

Arzooo Jabbar Internet Group

Saudi Arabia

FOODICS launches micro-lending fund to support SMEs in F&B sector

Saudi Arabia-based food and beverages (F&B) retail and restaurant management platform FOODICS, has officially launched its micro...

Foodics f&b Micro-lending

U.A.E

SCA approves crypto assets regulation

Source: Unlock The UAE SCA ,(Securities and Commodities Authority) during its recent Board of Directors virtual meeting headed by H.E....

cryptocurrency SCA

Egypt

EBRD supports Badia Impact Squared first closing

Source: EBRD New technology companies in the southern and eastern Mediterranean (SEMED) region will benefit from additional sources of...

silicon badia EBRD Healthcare

Regional

The future of Agritech in Mena

Wamda is hosting an online panel discussion on Wednesday, November 4th at 3:00 PM (GMT+4), ''The future of Agritech in...

Saudi Arabia

$20 billion investment target set for Saudi national AI strategy

Source: Carrington Malin The Saudi national AI strategy was announced at the virtual Global AI Summit by Saudi Data and Artificial...

Artificial intelligence Saudi Data and Artificial Intelligence Authority (SDAIA) National Strategy for Data & AI (NSDAI)

Saudi Arabia

Garage raises $260,000

Saudi Arabia-based automotive startup Garage has secured SAR 1 million ($260,000) from angel investors. The soon-to-be-launched startup...

Garage automotive

Global

KBW Ventures invests in US-based Back to the Roots

UAE-based KBW Ventures, the venture capital (VC) firm founded by Prince Khaled bin Alwaleed, has participated in US-based startup gardening...

KBW Ventures Back to the Roots Organic Food

Egypt

Foundations Ventures launches early-stage fund, invests in 4 startups

Egypt-based venture capital firm (VC) Foundation Ventures has launched an early-stage fund to back Egyptian startups, offering investments...

Foundation Ventures HOF Capital early stage

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