Wamda

U.A.E

Scalo Technologies moves HQ to UAE, plans to invest $100 million in Mena startups

Singapore-based VC firm Scalo Technologies has moved its headquarters to Dubai, with the intention to invest $100 million in promising...

Scalo Technologies Venture Capital

Egypt

Acasia Angels invests in Greek startup Swaplanet

Egypt-based Acasia Angels has joined the €485,000 ($529,000) pre-Seed investment round in the Greece-based retail apparel swap...

Acasia Angels Swaplanet

Saudi Arabia

King Saud University invests in STV’s Total Growth Platform

The investment arm of King Saud University “Riyadh Valley Company (RVC)” has invested an undisclosed amount in STV’s...

King Saud University Riyadh Valley Company STV

Egypt

Camel Ventures launches $16 million fund to back fintech in Egypt

Egypt-based Camel Ventures has launched a $16 million VC investment vehicle “Camel Ventures for Investment I (CVI)”. The...

Camel Ventures Fintech CVI

Regional

SRMG launches VC arm to back regional early-stage media companies

Saudi Arabia-based media group SRMG has launched a new VC arm to back early-stage companies that focus on media creation, digital media,...

SRMG VENTURES FUZ Telfaz11

Egypt

Acasia Ventures invests in Fez’s $1 million Seed round

Egypt-based VC firm Acasia Ventures has participated in the $1 million Seed round raised by the Lagos-based last-mile delivery platform...

Acasia Ventures Fez Last mile

Turkey

After splitting from Swvl, Volt Lines raises carve-out round

Turkey-based ride-hail company Volt Lines has closed its carve-out round, with a 30 per cent oversubscription, after splitting from...

Volt Lines Swvl Wamda Capital

Bahrain

Bahraini proptech Estater raises $5 million Series A round

Bahrain-based proptech Estater has raised a $5 million Series A round, led by undisclosed investors from Saudi Arabia and...

Estater Proptech Real Estate

U.A.E

Abu Dhabi’s G42 acquires stake in TikTok owner ByteDance

Abu Dhabi investment firm Group 42 (G42) has acquired a $100 million stake in Chinese internet company ByteDance, owner of the social...

G42 TikTok ByteDance

U.A.E

Credable closes $2.5 million Seed round led by Acasia Ventures

UAE-based fintech Credable has closed a $2.5 million Seed round led by Ventures Platform and Egypt-based VC firm Acasia Ventures...

Credable Acasia Ventures Fintech

Iraq

Iraqi Islamic Bank partners with MSA Novo to back startups in Iraq

Iraq Islamic Bank (IIB) has partnered with investment company MSA Novo, to launch a tech fund to invest in Iraqi startups and lead the...

Iraqi Islamic Bank MSA Novo iraq

Saudi Arabia

SVC launches $80 million VC fund to back fintech in KSA

Saudi Venture Capital Company (SVC) has launched an $80 million Investment in Fintech VC Fund, in partnership with the Capital Market...

SVC Fintech Saudi Arabia

Saudi Arabia

Saudi Arabia’s Aumet raises $7 million pre-Series A round

Saudi Arabia-based healthtech Aumet, has raised a $7 million pre-Series A funding round from AAIC, a Tokyo-based healthcare-focused...

Aumet healthtech

Morocco

Morocco's VotreChauffeur and VotreColis raise $240,000

VotreChauffeur and VotreColis have raised $240,000 (MAD 2.5 million) from Afrimobility, Akwa Group’s Venture...

VotreChauffeur VotreColis

Tunisia

OTF invests in Tunisia’s edtech Shape

Tunisia-based edtech startup Shape has raised funding from The Oman Technology Fund (OTF). The amount raised was not...

Shape OTF

U.A.E

UAE’s fintech Qlub raises $25 million

UAE-based fintech Qlub has raised $25 million in a fresh round of funding, bringing the company's total Seed capital to $42...

Qlub

U.A.E

almentor raises $10 million pre-series C round led by e& capital

UAE-based edtech almentor, has raised $10 million in a pre-Series C round led by e& capital, alongside existing investors Partech,...

almentor EdTech e& capital

Saudi Arabia

Tamara raises $150 million debt financing from Goldman Sachs

Saudi Arabia-based fintech Tamara, has closed a $150 million debt financing round from Goldman Sachs, bringing the startup’s total...

Tamara Fintech Goldman Sachs

Saudi Arabia

NFT marketplace Nuqtah raises Seed round

Saudi Arabia-based NFT marketplace Nuqtah, has raised an undisclosed Seed round led by Animoca Brands with participation from Polygon...

Nuqtah Animoca Brands NFT

U.A.E

COFE raises $15 million Series B round led by Wa'ed Ventures

UAE-based online coffee marketplace Cofe has raised $15 million in a Series B funding round led by Wa'ed Ventures, with...

COFE Wa'ed Vnetures Coffee

Regional

Flat6Labs leads Burger Index’s $1.3 million Seed round

Spain-based AI startup Burger Index has raised $1.3 million in Seed funding to initiate its expansion in the GCC region. The round was...

Burger Index Flat6Labs f&b

Regional

Flat6Labs launches $95 million Seed fund to back early-stage startups in Africa

Seed investor and accelerator Flat6Labs, has launched a new $95 million Africa Seed Fund (ASF) to nurture the growth and development of...

Flat6Labs Africa Seed Fund ASF

Saudi Arabia

Kara raises $586,000 during Biban 2023

Saudi Arabia-based device-as-a-service (DaaS) startup Kara, has raised $586,000 (SAR 2.2 million) pre-Seed round led by Falak Investment...

Kara Biban 2023

U.A.E

Fashion app Bazaara raises $230,000, eying expansion in KSA

UAE-based fashion e-commerce startup Bazaara, has raised $230,000 in a pre-Seed round, led by Flat6Labs UAE, with participation from...

Bazaara Fashion E-commerce

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