Bahrain Procural raises $1.2 million Seed Bahrain’s Procural has raised a $1.2 million Seed round led by Flagship Holding and Canada-based BenchMatrix. Founded in... News • 05 March, 2023 Procural
Saudi Arabia Emkan launches $31 million fund to back early-stage startups Saudi Arabia-based VC firm Emkan Capital has announced the close of its $31 million Emkan Capital Fund I (ECP I). ECP I aims to invest... News • 02 March, 2023 Emkan Capital Emkan Capital Fund I Jada Fund of Funds
Saudi Arabia Ygii raises pre-Seed round led by Flat6Labs Saudi Arabia-based social commerce platform Ygii has secured a pre-Seed round from Flat6labs, with participation from a group of angel... News • 01 March, 2023 Ygii
Jordan ISSF invests $5 million in Middle East Venture Fund IV Innovative Startups and SMEs Fund (ISSF) has invested $5 million in Middle East Venture Fund IV (MEVF IV), a $150 million fund recently... News • 01 March, 2023 ISSF MEVP
U.A.E Kitopi acquires AWJ Investments UAE-based cloud kitchen operator Kitopi has acquired Dubai-founded food and beverage (F&B) group AWJ. The financial details of the... News • 01 March, 2023 Kitopi
U.A.E Careem suspends operations in Qatar UAE-based superapp Careem has suspended its operations in Qatar. The Uber-backed app launched its service in Qatar in 2013, a year... News • 28 February, 2023 careem
Saudi Arabia Amwal raises $2.5 million pre-Seed round Saudi Arabia-based fintech Amwal has secured $2.5 million in a pre-Seed round co-led by Shorooq Partners and Outliers Venture Capital... News • 28 February, 2023 Outliers Venture Capital Shorooq Partners Amwal
Iraq Iraq’s Orisdi closes $220,000 Bridge round Iraq-based e-commerce platform Orisdi has raised $220,000 in a Bridge round. The round was closed in January and saw participation... News • 28 February, 2023 Orisdi closes $220 000 Bridge round Orisdi
Morocco KOOLSKOOLS raises $960,000 from Azur Fund Morocco-based edtech KOOLSKOOLS has secured a $960,000 (MAD 10 million) investment from Azur Innovation Fund. Founded in 2020 by... News • 27 February, 2023 KoolSkools Azur Innovation Fund EdTech
U.A.E Nadeera raises $200,000 through Beban TV show UAE-based cleantech Nadeera has received a $200,000 investment from Bahraini VC firm Hope Ventures during an episode of the Beban... News • 27 February, 2023 Nadeera Beban Hope Ventures
Saudi Arabia Munjz closes $5 million Series A round Saudi Arabia-based proptech Munjz, has closed a $5 million Series A round, led by undisclosed investors, in addition to Vision Venture,... News • 27 February, 2023 Saudi Arabia Munjz Proptech
Bahrain Parcel raises $1 million through Beban TV show Bahrain-based last mile provider Parcel, has raised $1 million from Hope Ventures, along with Jahez and Cari, during an episode of... News • 23 February, 2023 Parcel Jahez Cari
Egypt tabby halts operations in Egypt UAE-based buy now and pay later (BNPL) startup tabby, has shut down its operations in Egypt five months after launching its service in the... Dunya Hassanein • 22 February, 2023 Tabby Fintech BNPL
Egypt Hollydesk raises $1 million venture debt Egypt-based fintech Hollydesk has raised $1 million in venture debt financing from unknown investors. Founded in 2020 by Mahmoud... News • 22 February, 2023 Hollydesk Fintech
U.A.E India’s makeO acquires UAE-based Smileneo India-based healthtech makeO has acquired UAE-based healthtech Smileneo, for an unknown sum. Founded in 2019 by Jonathan Doerr,... News • 21 February, 2023 makeO Smileneo healthtech
U.A.E 8X Ventures to deploy $20 million in Mena cleantech startups UAE-based VC firm 8X Ventures plans to deploy $20 million in the Mena region's climate tech and cleantech startups. It also plans to... News • 19 February, 2023 clean tech 8x Ventures
