Wamda

U.A.E

ClearPier acquires UAE’s MQuest for $35 million

Canadian performance advertising company ClearPier has acquired UAE-based Media Quest Group (MQuest) for $35 million. Founded in...

ClearPier MQuest Advertising

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

U.A.E

Cypherleak raises $750,000 Seed round

UAE-based cyber risk monitoring and scoring startup Cypherleak, has closed a $750,000 Seed round from investors based in Abu Dhabi,...

Cypherleak cyber security

U.A.E

Fanzword secures $1.2 million pre-Seed led by XVC Tech

UAE-based e-sports startup Fanzword has raised a $1.2 million pre-Seed round led by XVC Tech and other regional angel...

Fanzword XVC Tech

U.A.E

Zero Carbon Ventures closes $5 million Seed investment

UAE-based cleantech Zero Carbon Ventures has raised a $5 million Seed funding round, from Emirati businessman and member of Dubai's...

Zero Carbon Cleantech

U.A.E

Web3 startup Cultos Global secures new funding

UAE-based Web3 startup Cultos Global, has raised an undisclosed investment round from the founder and CEO of Boat Sameer Mehta, founder...

Cultos Global Web 3.0

U.A.E

The Surpluss becomes first Race to Zero accelerator in GCC

UAE-based online sustainability exchange, The Surpluss, has been officially designated as an accelerator by Race to Zero. Founded in...

The Surpluss Race to Zero

Egypt

USAID, ITIDA graduate third cohort of Startups Accelerator Programme

United States Agency for International Development (USAID) has celebrated the graduation of 23 Egyptian startups from Cohort 3 of ita...

USAID Plug and Play ITIDA

Egypt

Dar Ventures and Acasia Group launch architecture, engineering, and construction incubator

Dar Ventures, the venture capital arm of design and engineering consultancy firm Dar Al-Handasah, has launched the "DARE"...

Dar Ventures Dar Al-Handasah Dere

U.A.E

Fuze closes $14 million Seed round

UAE-headquartered digital assets infrastructure provider Fuze, has raised a $14 million Seed round, led by Abu Dhabi-based Further...

Fuze Further Ventures

Jordan

Jordan’s DigiZag raises Series A funding

Jordan-based digital advertising and performance marketing startup DigiZag, has secured a seven-figure Series A funding round from the...

DigiZag Marketing SME Investment Fund

U.A.E

DIEZ launches innovations accelerator in partnership with MIT

Dubai Integrated Economic Zones Authority (DIEZ) has partnered with the Massachusetts Institute of Technology (MIT) to launch the MIT...

MIT

Saudi Arabia

Wa’ed Venture co-leads Mighty Buildings’ $52 million Series B round

Saudi Arabia’s Wa’ed Venture, the VC arm of Aramco, has co-led a $52 million Series B round in the US-based...

Wa'ed Vnetures Aramco Mighty Buildings

U.A.E

Thrift for Good wins $50,000 grant from She’s Next

UAE-based charity platform Thrift for Good has won a $50,000 grant from She’s Next programme, organised by Visa and First Bank of...

She's Next Thrift for Good

Saudi Arabia

SVC invests $5 million in VentureSouq’s fintech fund

UAE-based VentureSouq has raised $5 million from Saudi Venture Capital (SVC). The investment will go towards VentureSouq’s...

VentureSouq SVC Fintech

Saudi Arabia

Logistics startup Equiptal raises $1 million to fuel growth

Equiptal, a Saudi-Arabia-based logistics startup, has raised a $1 million pre-Seed round from Plug and Play Middle East and a group of...

Equiptal

U.A.E

Archie to aid fintech startups through new regional accelerator

Archie, a new fintech accelerator in Dubai has officially launched to help fintech startups scale across Europe and Australia. The...

Archie Fintech accelerator

Saudi Arabia

Barakah raises $1.5 million Seed round for its food waste solution

Saudi Arabia-based foodtech startup Barakah has raised a $1.5 million Seed round led by Hambro Perks Oryx Fund, with participation from...

Barakah

U.A.E

GAM3S.GG raises $2 million Seed round

UAE-based Web3 gaming platform GAM3S.GG, has closed a $2 million Seed funding round, led by Mechanism Capital with the participation...

GAM3S.GG Gaming

Egypt

ariika raises Series A round from Beltone for 20 per cent stake

Egypt-based home décor e-commerce platform ariika has closed a Series A equity funding round, secured from Beltone Venture...

ariika Beltone E-commerce

Regional

Flat6Labs launches StartMashreq Growth Track programme to nurture 24 startups

Egypt-based accelerator and VC Flat6Labs, has selected 24 startups from Jordan, Lebanon and Iraq for its StartMashreq Growth Track...

Flat6Labs StartMashreq Growth Track

U.A.E

Pulsar Capital acquires controlling stake in TruDoc

Pulsar Capital has acquired a majority stake in UAE-based healthtech TruDoc. Founded in 2011 by Raouf Khalil, TruDoc is a telehealth...

TruDoc Pulsar Capital healthtech

U.A.E

myZoi raises$14 million, obtains regulatory licences

UAE-based fintech myZoi has raised $14 million from SC Ventures and SBI Holdings. Founded in 2022 by Christian Buchholz and Syed...

myZoi SC Ventures Fintech

Regional

Middle East’s digital economy to hit $780 billion by 2030: TechGPT report

The Middle East’s digital economy is projected to grow from $180 billion in 2022 to $780 billion in 2030 or roughly 20 per cent...

TechGPT UBS middle east

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