Wamda

Saudi Arabia

Floranow acquires Saudi Arabia's Bloomax

UAE-based B2B floral marketplace Floranow has fully acquired KSA’s wholesale distributor of fresh-cut flowers Bloomax, with the...

Floranow Bloomax

Oman

Oman’s Sharakah joins Beehive’s board as new investor

Oman-based SME developer company Sharakah has come on board with UAE-based fintech Beehive as a new investor. The new partnership will...

beehive Sharakah

Saudi Arabia

Women in Tech programme awards $50,000 to three Saudi female-led startups

Three Saudi Arabia-based female-led startups have been awarded $50,000 in equity-free cash rewards, as part of the Standard Chartered...

women in tech Falak investment hub Standard Chartered

Libya

UNDP launches Deraya initiative to boost Libyan ecosystem

The Libyan government and United Nations Development Programme (UNDP), in collaboration with the European Union and the African...

Deraya undp Flat6Labs

U.A.E

Tabby closes new round, upsizes debt facility to $350 million

UAE-based fintech Tabby has upsized its debt facility to $350 million after closing a new financing round led by San Francisco-based...

Tabby Fintech BNPL

Morocco

Moroccan healthtech DataPathology raises $1 million from Azur Innovation Fund

Morocco-based healthtech startup DataPathology has raised $1 million from Azur Innovation Fund. Founded in 2020 by Mohammed El...

Azur Innovation Fund

Saudi Arabia

Saudi healthtech Integrative Health acquires Nala

Saudi Arabia-based healthtech Integrative Health has acquired Nala, another Saudi healthtech, for an unknown sum. Founded in 2019 by...

Integrative Health Nala healthtech

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

Cargoz raises undisclosed bridge round to fuel KSA expansion

UAE-based logistics startup Cargoz has secured an undisclosed bridge funding round from Nama Ventures, RAZ Group and other angel...

Cargoz Nama Ventures RAZ Group

Morocco

Morocco’s PrestaFreedom raises $1.1 million from Azur Innovation Fund

Morocco-based home services marketplace PrestaFreedom has raised $1.1 million (MDH 11,000,000) from Azur Innovation Fund. Founded in...

PrestaFreedom

Global

Insider raises $105 million investment led by QIA

Wamda portfolio company Insider, has raised an investment of up to $105 million from Qatar Investment Authority (QIA) and Esas Private...

Insider Wamda Capital QIA

U.A.E

B2B mental health startup Lifemost raises $650,000 pre-Seed round

UAE-based healthtech startup Lifemost has raised a $650,000 pre-Seed funding round from a group of angel investors. Founded in 2022 by...

Lifemost

Palestine

Vatrin closes investment round from Ibtikar

Palestine-based Vatrin, has closed the investment it raised from Ibtikar Fund. The amount raised was not disclosed. Founded in 2019 by...

Vatrin Ibtikar Fund

Kuwait

ZainTech acquires UAE-based Adfolks

UAE-based ZainTech, part of telecoms provider Zain Group, has acquired cloud-native engineering firm, Adfolks. The acquisition is...

ZainTech Adfolks

Qatar

QIA leads Builder.ai’s $250 million Series D round

Qatar Investment Authority (QIA) has led the $250 million Series D funding raised by Builder.ai, along with Iconiq Capital, Jungle...

QIA Builder.ai Qatar Investment Authority

Jordan

UAE’s EDGE acquires majority stake in MARS Robotics

UAE-based advanced technology and defence group EDGE, has acquired a majority stake (80 per cent) in Jordanian autonomous robotic...

Edge Mars Robotics

U.A.E

Australia’s RTE acquires Galaxy Racer, rebrands new entity as Celestial

Australia-based Riva Technology and Entertainment Limited (RTE), a subsidiary of MSM Corporation International Limited, has fully...

RTE Galaxy Racer GXR

U.A.E

Reef launches $10 million Web3 accelerator programme

UAE-based defi blockchain startup Reef, has launched a $10 million accelerator programme for Web3 projects building on the Reef...

Web3

Saudi Arabia

Saudi furniture marketplace Baytonia raises Seed round

Saudi Arabia-based furniture e-commerce platform Baytonia has closed an undisclosed Seed round, led by Khwarizmi Ventures (KV), with...

Baytonia e--commerce furniture

Morocco

Plug and Play increases investment in Morocco’s Chari

Morocco-based B2B e-commerce platform Chari has secured a second round of investment from Plug and Play. The amount invested was not...

Chari e--commerce Plug and Play

U.A.E

Silicon Valley’s Plug and Play invests in UAE’s Clara

UAE-based legaltech startup Clara has received an undisclosed investment from Silicon Valley’s innovation platform “Plug and...

Legaltech Clara Plug and Play

U.A.E

UAE-based fintech TWIG raises seven-figure pre-Seed round

UAE-based fintech TWIG has secured an undisclosed pre-Seed round "exceeding $1 million", backed by Phoenician VC, MMK Capital,...

TWIG Fintech DIFC

U.A.E

Belgium’s Deliverect acquires UAE’s ChatFood

Belgium-based food delivery software provider Deliverect has acquired UAE-based foodtech ChatFood, for an unknown amount. Founded in...

Deliverect ChatFood f&b

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

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