Wamda

U.A.E

Fodel raises seven-figure investment

Source: MenaBytes Dubai-based last-mile delivery startup Fodel (which stands for Forward Delivery) has raised an investment from Dubai...

Last mile delivery Investment

U.A.E

Lorryz raises $1.4 million in seed funding

Source: MenaBytes Dubai-based online freight marketplace Lorryz has raised $1.4 million in a seed round, it...

seed Funding freight

Regional

KBW Ventures invests in Singapore-based TurtleTree Labs

KBW Ventures, the venture capital (VC) firm founded by Prince Khaled bin Alwaleed, son of Saudi Arabia billionaire Prince Alwaleed bin...

Milk animal cells Investment

U.A.E

Shorooq Partners leads seed round for QuickBus

UAE-based Shorooq Partners has led the seed funding round for Kenya-based online marketplace ticketing system QuickBus. Shrooq...

bus Booking application

U.A.E

Dubai Council launches Dubai Future District and $272 million fund

Source: Mubasher Dubai is set to launch a new stock market and a AED 1 billion ($272,265,200) fund to support new-economy companies,...

Dubai future district

Saudi Arabia

Leap raises six figure seed funding

Source: MenaBytes Riyadh-based coffee pre-ordering startup Leap has raised six-figure (USD) seed funding, it...

seed Funding Coffee

U.A.E

Group 42 acquires Bayanat

Source: Emirates News Agency Group 42, an Abu Dhabi-based artificial intelligence and cloud computing company, announced today that it...

uae Data Acquistion

Morocco

Mubawab raises $7 million

Morocco-based real estate platform Mubawab has raised $7 million funding from Emerging Markets Property Group (EMPG), a UAE-based real...

Real Estate morocco Digital platform

U.A.E

Abu Dhabi invests in fintech blockchain start-up

Source: Zawya The Abu Dhabi Investment Office (ADIO) has invested in Securrency, a US-based developer of blockchain-based financial and...

Fintech Blockchain Investment

Regional

STEP Conference 2020

STEP Conference, the leading technology festival for emerging markets, has launched its 9th edition under the theme of “the World...

Saudi Arabia

Saudi Aramco plans $500 million fund

Source: The National Saudi Aramco Energy Ventures, a subsidiary of the kingdom’s state-owed oil producer, is planning to set up a...

energy oil & gas fund

U.A.E

SpiderSilk raises $500,000

Source: MENAbytes Dubai-based cybersecurity startup SpiderSilk has raised $500,000 seed in a round led by Global Ventures, and joined by...

cyber security cybersecurity

Regional

Mena startups raise $704 million in 2019

Source: Gulf News Investments in startups in the Middle East and North Africa rose 13 per cent to $704 million last year as more...

Investment MAGNiTT

Global

VentureSouq exits Frontier Car Group

UAE-based investment platform VentureSouq has sold its stake in German-based Frontier Car Group, an online and offline used-car...

VentureSouq Germany Exit

Global

Uber completes acquisition of Careem

Uber has confirmed the official close of its acquisition of UAE-based Careem for $3.1 billion, but is still awaiting regulatory approval in...

Careeem Uber acquisition

Regional

Top 5 VC deals in the fourth quarter of 2019

The fourth quarter 2019 top five venture capital (VC) deals that were disclosed amounted to $78.7 million, with UAE-based Trukker...

Saudi Arabia

Wadi Makkah invests in Pavegen

Wadi Makkah Ventures Company has invested in UK-based Pavegen’s Series A round. Pavegen is a clean-tech company, that installs...

clean tech energy

Saudi Arabia

HyperPay raises eight-figure investment

Source: MenaBytes Riyadh-headquartered payment processing platform HyperPay has closed an eight-figure USD investment, it announced...

PAYMENT Fintech saudi

Oman

Muscat Bank announces new $100 million fintech investment programme

Source: Fintech News BBank Muscat announced that the Central Bank of Oman has approved the bank’s request to launch a $ 100...

Investment fund Bank

Saudi Arabia

Sadeem raises $2.6 million from Wa'ed Ventures

Source: Sadeem Sadeem, a wireless environmental sensing systems spinout company from King Abdullah University of Science and Technology...

Wa'ed KAUST

U.A.E

Mubadala leads investment in Glovo

Source: CNBC Spanish food delivery app Glovo has raised 150 million euros ($167 million) in a fresh round of funding to ramp up...

Mubadala Investment Company

U.A.E

JumpAdvisor raises seed investment

UAE-based JumpAdvisor recently raised a seed investment round from an angel investor, valuing the company at $400,000. JumpAdvisor is an...

seed investment

Morocco

Moroccan investment fund acquires stake in SOWIT

The SEAF Morocco Growth Fund has completed its fourth investment with its acquisition of a stake in SOWIT, a France-based company that uses...

Agriculture agritech

Egypt

R2S raises six-figure investment in Pre-Series A

Source: Egypt innovate The leading tech investor A15 pumped a six-figure investment into pioneering Egyptian e-commerce...

Investment Logistics Delivery

Thought Leadership

All the information you need to navigate Mena's startup ecosystem

Thank you