Wamda

Global

EMPG acquires Thai online retailer Kaidee

Source: Deal Street Asia Dubai-based online classified group Emerging Markets Property Group (EMPG), parent company of Bayut, has...

E-commerce EMPG

Egypt

Mumm raises investment for ongoing pre-Series A

Source: MENAbytes Cairo-based foodtech startup Mumm has raised an undisclosed amount of investment from Alex Angels, the startup...

foodtech Mumm

Saudi Arabia

Taker raises seed funding

Saudi Arabia-based Software as a Service (SaaS) startup Taker, has raised an undisclosed amount of seed funding in a round led by 500...

foodtech Seed funding

U.A.E

Axeed labs announces $272,000 launchpad for startups, SMEs

Source: Trade Arabia Axeed labs, the UAE-based mobile application and software development firm, has launched its Dh1 million ($272,000)...

smes Launchpad Covid19

Global

Mubadala Capital invests in US-based Unlearn.AI

Source: Techcrunch Unlearn.AI, which has built a machine learning platform that builds “digital twin” profiles of...

Mubadala Capital healthtech UnlearnAI

U.A.E

Anghami pledges $3 million to SMEs

Source: ITP Leading Middle East music platform Anghami has revealed a $3 million budget to help small businesses survive during the...

anghami covid-19

Global

Vy Capital invests in India's Itilite

Source: Vccircle Itilite Technologies Pvt. Ltd, a software-as-a-service company focussed on business travel, has raised $13 million (Rs...

Egypt

Disruptech invests in Khazna & Brimore

Source: MenaBytes Disruptech, the recently established Egypt-focused $25 million fintech fund founded by Fawry’s...

fawry Khazna Brimore

U.A.E

Hubpay raises seed investment

UAE-based Hubpay, a digital wallet for remittances has announced its seed round led by US venture capital firm, Signal Peak Ventures,...

Fintech financial inclusion hubpay

Oman

OTF commits funding support to three online startups

Source: Oman Observer The Oman Technology Fund (OTF), the Sultanate’s leading venture capital investment fund, has announced...

covid-19 Bahraini ecosystem OTF

U.A.E

360VUZ raises $5.8 million in Series A

UAE-based virtual reality (VR) mobile app 360VUZ, has secured $5.8 million in a Series A investment round led by Shorooq Partners with...

virtual reality 360vuz covid-19

Kuwait

Baims secures first edtech funding in Kuwait

Kuwait-based Baims has secured a seed round funding, the first education technology (edtech) investment in Kuwait. The round was led by...

EdTech Education

Global

Falcon Eye Drones raises investment from Aerodyne Group

Falcon Eye Drones Services (FEDS) Group Holdings, announced a “major strategic investment” from global drone-based management...

Drones Aerodyne Group Falcon Eye Drones

U.A.E

Sheraa awards Little Thinking Minds $100,000 grant

Source: Khaleej Times The Sharjah Entrepreneurship Center (Sheraa), has awarded its first Access Sharjah winner, 'Little...

Sheraa little thinking minds

Global

Mubadala Capital invests in US-based Wellpay

Source: IBSintellegence California-based Wellpay, a FinTech platform provider for the healthcare industry, has also announced that...

Mubadala Capital Wellpay Fintech

Regional

Mena startups raise $277 million in Q1 2020

Source: Arabian Business Startups in the Middle East and North Africa (Mena) region raised $277 million in the first three months of...

MAGNiTT Q1

U.A.E

HDC raises $350,000 in seed funding

UAE-based startup Hotel Data Cloud (HDC), has raised $350K in seed funding from both local and international investors, to help hotels...

HDC online booking covid-19

U.A.E

ADIO allocates $100 million to four agritech companies

Source: The National Abu Dhabi Investment Office (Adio) invested $100 million (Dh367m) to bring four agriculture technology companies to...

agritech Abu Dhabi Investment Office (Adio)

U.A.E

Mamo Pay raises $1.5 million

UAE-based Mamo Pay, a peer-to-peer payments app has raised $1.5 million in a round led by Global Founders Capital (GFC) with participation...

mamo pay Fintech

Regional

The Impact of the COVID-19 outbreak on the entrepreneurship ecosystem [Survey]

As the COVID-19 outbreak continues to impact the way we live, work and operate, very few startups in the region have managed to escape...

U.A.E

Pure Harvest secures $100 million multi-stage commitment from Wafra

UAE-based Pure Harvest Smart Farms, an agriculture tech (agritech) startup, has raised $20.6 million in its Series A round, led by...

kuwait Pure Harvest Smart Farms Series A

Saudi Arabia

SARY secures $6.6 million

Source: Reuters Saudi Arabia’s digital marketplace Sary, which connects small businesses with merchant wholesalers, has secured...

SARY ecommerce covid-19

Regional

Top five VC deals in the first quarter of 2020

The first quarter is usually an active one for venture capital (VC) investments in the Middle East and with the top five closed before the...

Investment investments VC

Oman

OTF earmarks RO 1 million for project expansion

Source: ONA Oman Technology Fund (OTF) today allocated one million Omani Riyals for investment in expansion projects. The step comes in...

OTF Sultan Haitham Bin Tarik.

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