Wamda

Saudi Arabia

ekar expands to Riyadh after closing $17.5m Series B

Carshare startup, ekar has closed a $17.5 million Series B round led by Polymath Ventures with participation from Al Yemni Group and...

ekar car sharing

U.A.E

Addenda closes seed round

UAE-based Addenda, an insurance blockchain consortium, has announced that it has closed its fundraising seed round for an undisclosed...

Fintech Fintech Hive Blockchain

Saudi Arabia

Nala Raises $1 million in funding

Source: finsmes Nala, a Riyadh, Saudi Arabia-based digital health service, raised $1m in its first financing. The round was led...

digital Health Funding

Egypt

Yodawy raises $1 million in Series A

Egypt-based online pharmacy Yodawy, has raised $1 million in its Series A round led by Egypt’s Algebra Ventures and CVentures,...

healthtech Insurance Series A

Regional

TruKKer raises $23 million in Series A

UAE-based on-demand truck aggregator TruKKer has raised $23 million in one of the largest Series A funding rounds in the Middle East...

trucks freight Series A

Saudi Arabia

Saudi Arabia's PIF invests $400 million in ex-Uber chief's startup

Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has invested $400 million into Uber founder Travis...

PIF Uber

Egypt

Tripdizer raises $300,000 in seed funding

Source: MenaBytes Cairo-based travel startup Tripdizer has raised $300,000 in seed funding led by 500 Startups (500 Falcons), it...

trips traveling Investment

U.A.E

A.R.M. Holding launches a Dh10 million 10-year fund

Dubai-based A.R.M. Holding announced that it has established a Dh10 million ($2,722,719 million) 10-year fund, dedicating Dh1 million...

fund talents grad

Regional

Modus Capital launches a $75 million regional fund

Modus Capital, a New York-based venture capital firm, has announced the launch of its first regional fund, Modus Mena Venture Fund I...

regional fund Investment

Kuwait

Keno raises funding from JustClean

Dubai based Keno, a car-care on-demand application, raised an undisclosed amount of funding from Kuwait-based technology company...

Kuwait

Requeue closes $1.6 million in Series A

Kuwait-based Requeue, an application to manage restaurant queues, has raised $1.6 million in a Series A funding round. The startup will use...

Investment queues restaurants

Saudi Arabia

Riyad Bank launches new fintech fund

Source: Asharq Al-Awsat Riyad Bank has announced on Tuesday the launch of its Digital Partnership Program and its association with a...

Fintech fund ksa

Regional

W Ventures to invest $50 million in e-sports ecosystem

UAE-based W Ventures has announced that it will be investing $50 million, through its independent brand engagement partner RedPeg...

E-sports Investment Gaming

U.A.E

Repeat raises $2.5 million in Series A funding

Dubai-based Repeat, a smart loyalty platform for restaurants, has raised $2.5 million in a Series A funding round from several investors to...

Series A loyalty program

Qatar

Meddy raises $2.5 million in series A funding

Doha-based Meddy, a doctor booking platform has raised a $2.5 million in Series A round to scale up its operations in the UAE. The...

Series A Doctor Booking

Regional

Regulatory environment biggest hurdle facing fintech startups

The Middle East’s financial technology (fintech) sector has become one of the fastest growing over the past five years, attracting...

Fintech ADGM abu dhabi

U.A.E

Bayzat raises $16 million in Series B funding

Source: MenaBytes Dubai-based HR and insurance startup Bayzat has raised $16 million in a Series B round from Mubadala’s newly...

news Dubai Investment

Regional

Mubadala announces $250 million fund for Mena startups

Source: CNBC Abu Dhabi is doubling down on its push into the technology sector with a $250 million investment to support start-ups from...

fund MENA AbuDhabi

Bahrain

Al Waha invests in Beijing-based MSA Capital

Bahrain’s Al Waha Fund of Funds has announced an undisclosed amount of investment in Beijing-based MSA Capital in its first...

fund Bahrain china

Regional

Investcorp leads $11.2 million investment in Bewakoof

Source: Yourstory Global alternative asset manager Investcorp has led a $11.2 million investment in Mumbai-based...

Investment Fashion online

U.A.E

BulkWhiz raises multi-million Series A

Source: MENAbytes Dubai-based e-commerce grocery platform BulkWhiz has closed its Series A, the startup announced today in a...

E-commerce Series A Investment

Saudi Arabia

UnitX raises $2 million

Saudi-based UnitX, an artificial intelligence (AI) and supercomputing startup spin-out company from King Abdullah University of Science and...

Investment saudi AI

Egypt

RiseUp acquires StarterHub

Egypt-based RiseUp, the organiser of the biggest entrepreneurship summit in the Middle East and North Africa (Mena), has acquired...

acquisition online platform

Egypt

Hive raises $400,000 in seed funding

Source: MenaBytes Hive, a Cairo-based ride-hailing platform for kids has raised $400,000 in seed funding, the startup...

seed fund ride hailing

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