Wamda

Egypt

US-based Practical VC invests in Egypt’s EXITS MENA

US-based venture capital Practical VC has invested in Egypt’s EXITS MENA (Exits.ME), an M&A advisory firm and investment...

Exits.me

U.A.E

UAE’s Revibe raises $2.3 million to grow its refurbished electronics marketplace

UAE-based refurbished-electronics startup Revibe has raised $2.3 million led by Resonance, and Flat6Labs, with participation from...

Revibe

Morocco

Morocco’s Agenz secures $1.3 million pre-Series A

Morocco-based proptech Agenz, has raised $1.3 million in a pre-Series A financing round from Azur Innovation Fund, Maroc Numeric Fund...

Agenz Azur Innovation Fund Maroc Numeric Fund II

U.A.E

UAE’s HRtech alfii raises $2.5 million pre-Seed round

UAE-based HRtech startup alfii has raised a pre-Seed funding round of $2.5 million, led by US-based venture capital firm, Preface...

alfii HR solutions HR tech

Egypt

Egypt’s Masroofi raises $1.5 million

Egypt-based fintech Masroofi, has closed a $1.5 million investment round from undisclosed investors. Founded in 2022 by Mostafa...

Masroofi Fintech

Saudi Arabia

NOMU Group raises $5 million Seed round to expand product offering

Saudi Arabia-based foodtech startup NOMU, has raised a $5 million Seed round from DIV Capital, Shurfah, Core Vision, Purity for...

Nomu

Global

Islamic Coin raises $200 million from ABO Digital

Switzerland-based cryptocurrency developer Islamic Coin has raised $200 million in private equity from Alpha Blue Ocean’s ABO...

Islamic Coin ABO Digital

Morocco

Morocco’s Chari raises $1.5 million from Verof-Kepple Africa Ventures

Morocco-based B2B e-commerce and fintech startup Chari has raised $1.5 million from Verof-Kepple Africa Ventures. The investment...

Chari

U.A.E

Logistics provider Transportr closes eight-figure Seed round

UAE-based logistics platform Transportr, has completed an eight-figure Seed funding round by Ittihad Ventures Holding, the VC arm of...

Transportr Logistics freight

Egypt

Saudi VMS acquires minority stake in Egyptian accelerator Cash Cows

Saudi VMS, a startup accelerator based in Saudi Arabia, has acquired a minority stake in its Egyptian counterpart, Cash Cows. The...

Cashcows

Bahrain

UAE’s HashMove raises pre-Series A round led by Bunat Ventures

UAE-based logistics platform HashMove has raised an undisclosed pre-Series A round, led by Bahrain’s Bunat Ventures in...

Bunat Ventures HashMove Logistics

Oman

UzOman invests in ZOOD

UzOman, a joint investment fund between Omani and Uzbek Sovereign Wealth Funds, has invested an undisclosed amount in Switzerland-based...

UzOman Zood

Egypt

Acasia Angels invests in UK medtech Precision Cardiovascular

Egypt-based angel investment group “Acasia Angels” has participated in the $750,000 Seed round in UK-based medtech Precision...

Acasia Angels Precision Cardiovascular medtech

Egypt

Egypt’s Agel raises pre-Seed round for its Shariah-compliant fintech platform

Egyptian fintech startup Agel has raised a seven-figure pre-Seed round from Plus Venture Capital (+VC) and Seedstars International...

Agel

Egypt

Egypt’s TFK acquires Opio to create all-in-one ecosystem

Egypt-based fashion e-commerce marketplace The Fashion Kingdom (TFK) has acquired OPIO, a direct-to-consumer (D2C) fashion brand, for an...

Opio TFK The Fashion Kingdom

Egypt

DMZ Cairo, EBank launch fintech bootcamp for Egyptian startups

DMZ Cairo has partnered with the Export Development Bank of Egypt (EBank) to launch a fintech bootcamp for early-stage Egyptian startups...

DMZ Cairo

Egypt

Egypt announces five-year tax exemption for startups

President Abdul Fattah El Sisi has announced a five-year tax exemption for startups, with an aim to boost the country’s ecosystem...

Egyptian ecosystem Startups in Egypt

Bahrain

KFED partners with Hope Ventures to expand Beban show in UAE

Khalifa Fund for Enterprise Development (KFED) has partnered with Bahrain-based Hope Ventures to expand its reality television show...

Biban

U.A.E

EDB launches agritech AED100 million lending programme

Emirates Development Bank (EDB) has launched an agritech-focused Dh100 million ($27 million) lending programme, targeting different...

EDB

Saudi Arabia

Plug and Play to launch $100 million fund to invest in Saudi startups

Silicon Valley-based tech investor Plug and Play Tech Center announced that it will establish a $100 million fund to invest in Saudi...

Plug and Play

Saudi Arabia

SVC invests $30 million in Bedaya Fund II

Saudi Venture Captial (SVC) has invested $30 million in Shorooq Partner’s recently launched $150 million Bedaya Fund II. The...

SVC

U.A.E

Instashop acquires B2B wholesale marketplace GroCart

UAE-based q-commerce startup InstaShop has acquired GroCart, a B2B marketplace that connects FMCG retailers with wholesalers. The value...

instashop Grocart

Morocco

Morocco’s Colis.ma receives $50,000 from Kenya-based accelerator The Baobab Network

Morocco-based logistics startup Colis.ma has received $50,000 from Kenya’s The Baobab Network as part of its accelerator...

Colis.ma

Saudi Arabia

Jada Fund of Funds invests in Investcorp’s $500 million Saudi pre-IPO growth fund

Jada Fund of Funds, a subsidiary of Saudi Arabia's Public Investment Fund (PIF) has invested in Bahrain's Investorcorp, a $500...

PIF Jada Fund of Funds

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