Wamda

Jordan

Numa partners with Visa to accelerate expansion into Saudi Arabia

Jordan-based fintech Numa has partnered with Visa, including a strategic investment to propel Numa’s plans to expand into Saudi...

NUMA Fintech Visa

Egypt

dKilo secures $3.2 million seed round from Upturn Ventures

Egypt-based adtech dKilo has secured $3.2 million in seed funding, mix of equity and financing, from Upturn Ventures, Founded in...

dKilo Upturn Ventures adtech

Saudi Arabia

Mazadak secures $10 million investment led by Revival Lab

Saudi Arabia-based bidding platform Mazadak has secured $10 million in funding, led by Revival Lab and a group of family...

Mazadak Revival Lab Leap24

Bahrain

MBRIF joins Hope Ventures’ Beban TV show to empower UAE’s entrepreneurs

Mohammed bin Rashid Innovation Fund Partners with Hope Ventures to Facilitate Investment Opportunities for UAE-based Entrepreneurs...

MBRIF Hope Ventures Beban

Saudi Arabia

Saudi Arabia’s RasMal acquires Pentugram

Saudi Arabia-based equity management platform RasMal has acquired UAE’s Pentugram to expand its offering into private capital...

RasMal Pentugram

U.A.E

Zeroe secures Seed investment boost, pushing total funding to $2.3 million

UAE-based cleantech Zeroe has raised a Seed investment boost provided by the VOYAGERS ClimateTech Fund, taking the total raise to $2.3...

Zeroe Cleantech VOYAGERS ClimateTech Fund

Saudi Arabia

Bahrain’s Arcapita launches $500 million logistics fund in Saudi Arabia

Bahrain-based investment management firm Arcapita Capital, a subsidiary of Arcapita Group, has closed $500 million KSA Logistics Fund...

Arcapita Capital Logistics Leap24

Saudi Arabia

Rabeh raises $800,000 Seed round

Saudi Arabia-based fintech Rabeh Financial has closed a $800,000 Seed investment round during LEAP 2024, in collaboration with Mjalis...

Rabeh Fintech Leap24

Saudi Arabia

Saudi Arabia deploys $120 million to boost gaming, esports industry

Saudi Arabia’s National Development Fund (NDF) and the Social Development Bank (SDB) will jointly establish two venture capital...

National Development Fund Social Development Bank Gaming and Esports Financing Programme

Saudi Arabia

BRKZ secures $8 million Series A round

Saudi Arabia-based construction tech (contech) BRKZ has secured an $8 million Series A, co-led by 9900 and BECO Capital, with...

BRKZ Leap24 contech

Saudi Arabia

Buildnow secures $9.4 million in Seed funding

Saudi Arabia-based proptech Buildnow has raised $9.4 million in Seed funding. The round was a mix of equity ($6.5 million) and debt...

Buildnow Raed Ventures Khwarizmi Ventures

U.A.E

RemotePass secures $5.5 million in Series A

UAE-based HRtech RemotePass has raised $5.5 million in a Series A funding round, led by 212 VC. Other participating investors include...

RemotePass HRtech 212 VC

Saudi Arabia

Saudi Arabia’s Salla raises $130 million pre-IPO investment

Saudi Arabia-based SaaS provider Salla has raised a $130 million pre-IPO investment round, led by Investcorp, along with Sanabil...

Salla Investcorp Sanabil Investments

Saudi Arabia

Extend Group, Rassanah Financial launch $26.6 million fund to support Saudi SMEs

Saudi Arabia-based companies Extend Group and Rassanah Financial have united to launch a $26.6 million Extend Fund (SAR100 million) to...

Extend Group Extend Fund Rassanah Financial

Egypt

Fawry Dahab partners with PayMe to facilitate Egyptian expats transactions

Egypt-based fintech Fawry has partnered with UAE-based fintech PayMe to enhance its remittance services for Egyptian expatriates in the...

fawry PayMe

U.A.E

UAE's CAI Concierge AI raises undisclosed investment round

UAE-based AI startup CAI Concierge AI has raised an undisclosed investment, led by Enlightened Minds and VC SILA. Founded in...

CAI Concierge AI Artificial intelligence

Egypt

Egypt’s Khazna expands into Saudi Arabia

Egypt-based fintech Khazna has expanded its services into Saudi Arabia in partnership with Khwarizmi Ventures. Launched in 2020 by...

Khazna Khwarizmi Ventures

U.A.E

COTU Ventures launches $54 million fund to back early-stage startups

UAE-based early-stage VC firm COTU Ventures launched a $54 million inaugural fund, which aims to support startups in the Middle East...

COTU Ventures

Egypt

Egyptian fintech MoneyHash closes $4.5 million Seed round

US-based Egyptian fintech MoneyHash has raised a $4.5 million Seed funding round, co-led by COTU Ventures and Sukna Ventures, with...

MoneyHash

Bahrain

Glamera secures $350,000 investment through Beban TV show

During participation in the Beban TV show, Saudi Arabia-based SaaS platform Glamera raised a $350,000 investment from Hope Ventures, the...

Glamera Beban Hope Ventures

Egypt

Acasia Ventures invests in Kenya’s tappi

Egypt-based venture capital firm (VC) Acasia Ventures has joined a $1.5 million pre-Seed funding round for Kenyan e-commerce enabler...

tappi Acasia Ventures

Saudi Arabia

CoreVision acquires VeFund to boost startup ecosystem

Saudi Arabia-based investment firm CoreVision has acquired a strategic stake in the Mena-focused investment management...

CoreVision VeFund

U.A.E

Social app Hayi raises undisclosed Seed round

UAE-based social networking app Hayi has secured an undisclosed amount in a Seed round from Plus VC, with participation from other...

Hayi

Egypt

UAE to invest $35 billion in Egypt’s Ras El-Hekma

Abu Dhabi’s investment and holding company, ADQ, has inked a deal with the Egyptian government to invest $35 billion in the...

Ras El-Hekma ADQ North Coast

Thought Leadership

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

Thank you