Wamda

Global

Aumet raises $1.25 million in seed funding

Jordan-born healthcare marketplace Aumet, has raised a $1.25 million seed round from Right Side Capital, TechStars, and Plugs and...

Healthcare covid-19 Aumet

Saudi Arabia

Thobi raises SAR 2.5 million in seed funding

Saudi Arabia-based online retailer Thobi, has raised a SAR2.5 million ($670,000) in a seed round led by ABN Ventures and Abunayyan...

Thobi ABN Ventures Seed funding

Egypt

Fatura raises seven-figure seed funding

Egypt-based e-commerce startup Fatura, has closed a “seven-figure” seed round led by Egypt-based fintech fund Disruptech, with...

Fatura FMCG Disruptech

U.A.E

Periscope Media raises seed funding

Dubai-based edutainment startup Periscope Media has raised its initial seed round funding. Founded in early 2020, Periscope Media is...

edutainment Periscope Media

Global

Storytel acquires Kitab Sawti

Swedish audiobook streaming group Storytel, is acquiring UAE-based Arabic audiobook platform Kitab Sawti. Founded in 2016 by Sebastian...

Kitab Sawti Storytel

Tunisia

Galactech raises investment from Oman Technology Fund

Tunisia-based Galactech has closed a six-figure investment in its pre-Series A round from Oman Technology Fund (OTF) and other business...

content tunisia

U.A.E

Nomad Homes raises $4 million in seed funding

Dubai-based digital real estate platform Nomad Homes, has raised a $4 million in a seed round led by Comcast Ventures, with participation...

Protech Nomad homes

Morocco

OnePay raises $409,000 from Maroc Numeric Fund II

Source: Maroc Numeric Fund OnePay announces a MAD 4 million ($409,000) investment from Maroc Numeric Fund II. OnePay is a...

OnePay Maroc Numeric Fund

Saudi Arabia

Lean raises $3.5 million in seed funding

Riyadh-based financial technology (fintech) startup Lean, has raised a $3.5 million in a seed funding round led by RAED Venture, with...

lean Fintech Open banking

Regional

Top five investment deals in the second quarter of 2020

The top five disclosed venture capital (VC) deals in the second quarter of 2020 amounted to $244.6 million, largely down to the $150...

VC investment

Global

Privity invests in Verofax

UAE-based advisory firm Privity has invested in Abu Dhabi-based Verofax Limited’s pre-seed investment round. Founded in 2018,...

Verofax Privity Blockchain

Bahrain

Al Waha Fund of Funds invests in Bedaya Fund

Source: Gulf Daily News Al Waha Fund of Funds invested an undisclosed amount in the Bedaya Fund I of seed-stage venture capital firm...

Bedaya fund Shorooq Partners AlWaha Fund of Funds

U.A.E

In5 startups raise Dh65 million in first half of 2020

Dubai-based incubator In5, today announced that its startups have raised more than Dh65 million ($17.7 million) in the first half of...

in5 Tecom 2020 H1

U.A.E

MidChains closes new funding round

Source: The National MidChains, an upcoming Abu Dhabi-based virtual asset trading exchange, said it closed its latest funding round with...

Mubadala Capital Blockchain MidChains

U.A.E

Spotii raises investment from Daman Investments

UAE-based “shop now, pay later” startup Spotii has raised investment from Daman Investments. Founded by Anuscha Iqbal and...

Fintech Spotii

U.A.E

GrubTech raises $2 million seed

UAE-based GrubTech, a foodtech startup has raised $2 million in seed funding to fund its growth and product development. The...

foodtech GrubTech

Global

Mubadala Capital invests in France's Owkin

Source: Crunsh base Owkin, a French company applying machine learning to medical research, has secured $18 million in funding...

Mubadala Capital machine learning Owkin

Saudi Arabia

Refd secures investment from OceanX Holding

Saudi Arabia-based Refd, a mobile application that provides services for people of determination, has secured investment from OceanX...

Refd OceanX Investment

Global

QIA invests in Beijing-based Zuoyebang

Source: Tech Crunch Zuoyebang, a Beijing-headquartered startup that runs an online learning app, said on Monday it has raised...

EdTech

Global

VentureSouq invests in Nigeria's Wallets Africa

Source: Disrupt Africa Nigerian fintech startup Wallets Africa has secured an undisclosed amount of funding from a host of investors as...

Wallets Africa Fintech

Pakistan

Shorooq Partners invests in Pakistan-based Airlift

Source: Dawn Bus ride-hailing service Airlift has raised an impressive $10 million in seed financing, taking its total investment to...

Airlift ride hailing Shorooq Partners

U.A.E

Play:Date raises investment from Modus Capital

UAE-based Play:Date, an application that helps parents build their child’s social circle, has secured a $250,000 investment from New...

Play:Date Modus Capital

U.A.E

Felix closes $800,000 seed round

UAE-based Felix, an insurance e-commerce and automation platform for insurance brokers launched in January 2019, announced that it has...

Insurance Felix seed

U.A.E

Wamda invests in freelance marketplace Ureed.com

Wamda, the Middle East region's leading startup ecosystem enabler, has participated in Ureed.com’s seed funding round along with...

Ureed wamda seed

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