Wamda

U.A.E

DFDF joins Partech Africa II's $300 million second close

The UAE's Dubai Future District Fund (DFDF) has participated in the second close of pan-African fund Partech Africa II at $300...

Partech Africa II Fund Partech africa

Lebanon

Women-led VC firm Globivest completes first close of first fund

Lebanon-based venture capital (VC) firm Globivest has achieved its first closing for an undisclosed sum. Founded in 2016 by Jasmine...

Globivest Venture Capital

Jordan

ISSF pledges $5 million for MSA Novo's Mena fund

Jordan-based Innovative Startups and SMEs Fund (ISSF) has invested $5 million in the Mena-focused fund, MSA Novo. Founded in...

MSA Novo ISSF

Saudi Arabia

Aramco injects additional $4 billion into Aramco Ventures

Saudi Arabia’s oil giant, Aramco, has allocated an additional $4 billion to its global venture capital arm, Aramco...

Aramco Aramco Ventures

Saudi Arabia

Riyadh Valley Company invests in IMPACT46 Fund III

Saudi Arabia’s Riyadh Valley Company, the investment arm of King Saud University, has pledged an undisclosed investment in...

Impact46 Riyadh Valley Company IMPACT46 Fund III

Saudi Arabia

Riyadh Valley Company invests in Flat6labs’ Startup Seed Fund

Saudi Arabia’s Riyadh Valley Company (RVC), the investment arm of King Saud University, has invested an unknown amount in...

Riyadh Valley Company King Saud University Flat6Labs

U.A.E

DIEZ launches $136 million venture capital fund for startups

Dubai Integrated Economic Zones Authority (DIEZ) has launched a VC fund worth Dh500 million ($136 million)...

Venture Capital DIEZ

Regional

Growth-stage companies in Mena face $20 billion funding gap

Growth-stage funding in the Middle East and North Africa region (Mena) faces a $20 billion gap, with only $4.2 billion VC dry powder...

STV Growth-stage funding in Mena

U.A.E

Mindshift Capital invests in US healthtech MDisrupt

UAE and US-based gender-lens VC fund Mindshift Capital has taken part in the $3 million Seed funding round of US healthtech MDisrupt,...

healthtech Mindshift Capital MDisrupt

Egypt

500 Global, ITIDA launch Scale Up Programme in Egypt

US-based VC firm 500 Global has launched Scale Up Programme in Egypt, in collaboration with The Egyptian Information Technology Industry...

500 Global ITIDA Scale UP Program

Egypt

Acasia Ventures leads pre-Seed round in Senegal’s Lengo AI

Egypt-based VC firm Acasia Ventures has led a pre-Seed investment round in Senegal-based SaaS startup Lengo AI, co-led by Ventures...

Acasia Ventures Lengo AI AI

Regional

P1 Ventures completes first close of second fund at $25 million

US-based and pan-African VC fund P1 Ventures has completed the first $25 million close of its second fund. Founded in 2020 by Mikael...

P1 Ventures VC fund

Saudi Arabia

Rewaa closes $27 million Series A round led by Wa'ed

Saudi Arabia-based full-stack inventory management platform Rewaa has raised $27 million (SAR100 million) in a Series A funding round,...

waaed STC Ventures Rewaa

U.A.E

e& capital invests in AI startup Ikigai Labs

UAE-based VC firm e& capital, the VC arm of communication company e&, has participated in the $25 million Series A of the...

e& capital Ikigai Labs

Regional

Singapore’s Antler launches $60 million Menap Fund

Singapore-based VC firm Antler has launched a $60 million Middle East North Africa and Pakistan (Menap)-focused fund to invest in the...

Antler MENAP VC fund

U.A.E

Illuminati Capital raises $50 million to back Web3 startups

UAE-based crypto VC fund Illuminati Capital, has raised $50 million for a fund that aims to invest in early-stage blockchain and...

Illuminati Capital VC fund Web 3.0

U.A.E

Agthia Group launches $54 million CVC fund for foodtech startups

UAE-based food and beverage company Agthia Group PJSC has launched a $54 million VC fund “Agthia Ventures”. The CVC,...

Agthia Group Agthia Ventures ADQ

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

Saudi Arabia

SVC allocates $7.5 million to Endeavor Catalyst fund

Saudi Venture Capital (SVC) has allocated $7.5 million to Endeavor Catalyst, the investment arm of Endeavor Global. The allocation is...

SVC Endeavor Catalyst Fund

U.A.E

MBZUAI partners with OurCrowd Arabia to accelerate AI growth in UAE

The UAE’s Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) has signed an MoU with Israeli VC fund OurCrowd, to...

MBZUAI OurCrowd AI

Egypt

Egypt-based VC DisrupTech raises $5 million investment from Proparco

Egypt-based VC fund DisrupTech Ventures has received a $5 million investment from Proparco. Founded in 2021, DisrupTech is an...

Disruptech Proparco

Regional

Mena startups raised $247 million in March 2023, pushing Q1 funding to $1.1 billion

Startups in the Middle East and North Africa region (Mena) raised $247 million across 67 deals in March 2023, a decline of 67 per cent...

investments

U.A.E

Scalo Technologies moves HQ to UAE, plans to invest $100 million in Mena startups

Singapore-based VC firm Scalo Technologies has moved its headquarters to Dubai, with the intention to invest $100 million in promising...

Scalo Technologies Venture Capital

Egypt

Acasia Angels invests in Greek startup Swaplanet

Egypt-based Acasia Angels has joined the €485,000 ($529,000) pre-Seed investment round in the Greece-based retail apparel swap...

Acasia Angels Swaplanet

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