Wamda

Jordan

Jordan’s Telescope raises Seed funding to expand to UAE, Saudi Arabia

Jordan-based content creation incubator Telescope, has raised an undisclosed Seed round from UAE-based Select Venture...

Telescope

Egypt

B2B startup Suplyd raises $1.6 million pre-Seed round

Egypt-based restaurant logistics startup Suplyd, has raised a $1.6 million pre-Seed round led by Endure Capital, Seedstars, Camel...

suplyd

Egypt

Saudi-based Jumlaty and Egypt’s Appetito merge into new entity, NOMU

Saudi-based grocery delivery startup Jumlaty and Egyptian counterpart Appetito have announced their merger to create a new company,...

Jumlaty Appetito

U.A.E

The Dubai Future District Fund launches venture fellowship programme for Emiratis

The Dubai Future District Fund (DFDF) has launched a venture capital-focused fellowship programme, designed to equip Emirati...

Dubai Future District Fund

U.A.E

Morningstar Ventures invests $5 million in digital art gallery

UAE-based VC firm Morningstar Ventures, has invested $5 million in 37xDubai, an interactive and immersive digital art gallery to be open...

Morningstar Ventures NFT 37xDubai

U.A.E

Letswork raises $2.1 million Seed, expands to Saudi Arabia

Dubai-based marketplace for shared spaces Letswork has raised a $2.1 million Seed round, announcing the expansion of its operations to...

Letswork

U.A.E

Secret Skin raises $765,000 pre-Seed

UAE-based skincare sustainable beauty platform Secret Skin, has raised $765,000 in a pre-Seed funding round, led by angel investors,...

Secret Skin Beauty skin care

Egypt

PTS Investments Holdings partially acquires Egypt’s EDAM

US-based PTS Investments Holdings has partially acquired Egypt-based healthtech EDAM through its operating company in Egypt. The value...

EDAM

Regional

Saudi fintech PayTabs acquires Turkey’s Paymes

Saudi Arabia-based fintech PayTabs, has fully acquired Turkish social commerce platform Paymes for an unknown amount. Under the terms...

paytabs Fintech Paymes

U.A.E

Moove raises $30 million from debut sukuk for UAE expansion

Nigeria-based mobility fintech and Moove is raising $30 million through its first Sukuk issuance arranged by Franklin Templeton...

Moove Nigeria Mobility Fintech

Morocco

Morocco’s Justyol raises $350,000 pre-Seed round

Morocco-based e-commerce Justyol, has raised a follow-on of $350,000 in a pre-Seed round from Earn Rocket Investment Holding. Founded...

Justyol Earn Rocket E-commerce

Global

KBW Ventures co-leads $12.3 million Series A round in US-based Black Sheep Foods

UAE-based KBW Ventures, founded by HRH Prince Khaled bin Alwaleed bin Talal Al Saud, has co-led a $12.3 million Series A round for...

KBW Ventures

U.A.E

Modus leads Koble’s $1.2 million pre-Seed round

UAE-based VC Modus, has led the $1.2 million pre-Seed funding round for UK-based investment firm Koble alongside Belgium-based VC...

Koble Modus Venture Capital

Regional

Revival Lab launches $40 million fintech-focused VC builder and fund

Saudi Arabia-based Revival Lab will establish “Fin-tactics Ventures", a venture builder specialised in fintech, insuretech...

Revival Lab Fin-tactics Ventures

Iraq

Iraqi delivery app Lezzoo acquires Saydo

Iraq-based on-demand delivery app Lezzoo has acquired the compatriot marketplace Saydo, for an undisclosed amount. The acquisition...

Lezzoo Saydo b2b

Egypt

Morni invests $10 million in Egypt to acquire mobility startups

Saudi Arabia-based mobility solutions platform Morni is planning to invest $10 million to target new acquisitions in Egypt in the...

Morni Exists.me

U.A.E

UAE’s Cavendish Maxwell to acquire majority stake in Property Monitor

UAE-based real estate advisory Cavendish Maxwell, has acquired a majority stake in proptech company Property Monitor for an unknown...

Cavendish Maxwell Property Monitor Proptech

Bahrain

Calo raises $13 million pre-Series A round

Bahrain-based foodtech Calo, has raised a $13 million pre-Series A round led by Nuwa Capital and STV. Other investors participating in...

Calo Nuwa capital foodtech

Regional

Seedstars launches platform to develop VC managers in emerging markets

Switzerland-based Seedstars has launched its investment arm “Seedstars Capital” for emerging VC fund managers across the...

seedstars Venture Capital

Egypt

SIDEUP raises $1.2 million Seed, relocating HQ to Riyadh

Egypt-based logistics platform SIDEUP, has raised a $1.2 million Seed round from Launch Africa VC, 500 Global, Riyadh Angels, Alex...

SIDEUP 500 Global E-commerce

Egypt

OneOrder raises $3 million Seed

OneOrder, an Egypt-based B2B marketplace that connects restaurants to suppliers, has raised a $3 million Seed round led by Nclude as...

OneOrder

Saudi Arabia

Saudi Jahez acquires The Chefz for $172.9 million

Saudi Arabia-based food delivery app Jahez has fully acquired The Chefz, a Saudi Arabia-based dessert delivery platform for $172.9...

Jahez The Chefz Food delivery

U.A.E

Kitopi sacks 93 employees as diners head back to restaurants

Dubai-based cloud kitchen operator Kitopi, has laid off 10 per cent of its head officd workforce, amounting to 93 employees, according...

Kitopi

Egypt

500 Global opens an office in Egypt, partners with ITIDA to launch support programmes for local startups

US-based venture capital firm 500 Global is set to open an office in Egypt and has recently partnered with Information Technology...

500 Global

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