Wamda

U.A.E

Fenix Games raises $150 million investment

UAE-based gaming platform Fenix Games, has raised $150 million in investment, led by Phoenix Group and Cypher Capital. Founded in 2022...

Fenix Games Gaming

Egypt

CyberTalents wins Black Hat’s $25,000 prize

Egypt-based cybersecurity platform CyberTalents, has won a $25,000 prize in the Cyberseed Start-Up Global Competition, organised by the...

CyberTalents cybersecurity Black Hat

Global

SWVL slashes over 50 per cent of its workforce, shuts operations in Pakistan

UAE-based mass mobility services provider, SWVL, has laid off over 50 per cent of its staff, in a recent round of layoffs conducted by...

Swvl

U.A.E

More layoffs at SWVL as company risks delisting from NASDAQ

Mirroring its global peers, Egypt-born and UAE-based mass mobility startup SWVL is bracing itself for drastic monetary belt-tightening...

Swvl mobility

Egypt

Flat6labs, Dar Al Handasah, SIAC launch 'Makers' to support contech startups in Egypt

Egypt-based early-stage VC and accelerator Flat6Labs has partnered with construction company SIAC and engineering consultancy Dar Al...

Flat6Labs

Saudi Arabia

Saudi edtech Jeel raises $1.1 million Seed from EdVentures

Saudi Arabia-based edtech for pre-schoolers has raised a $1.1 million Seed round from EdVentures, the VC arm of Egypt-based Nahdet Misr...

Jeel EdVentures EdTech

Egypt

Modus partners with USAID to launch venture builder in Egypt

US-based and Mena-focused VC firm Modus, has partnered with USAID to launch a venture builder (MV Builder II) in Egypt, to build and...

Modus USAID MV Builder II

U.A.E

UAE fintech Qashio raises $10 million Seed to accelerate KSA expansion

UAE-based fintech Qashio, has raised $10 million in a Seed round through a mix of equity and no equity financing. Investors in...

Qashio

Egypt

Grinta raises $8 million Seed round

Egypt-based B2B marketplace Grinta, has raised $8 million Seed funding co-led by Raed Ventures and Nclude, alongside other investors...

Grinta Raed Ventures Nclude

Morocco

Morocco's edtech startup SmartProf raises $110,000 pre-Seed round

Morocco-based edtech Smartprof, has received a $110,000 pre-seed investment from UM6P Ventures, Plug and Play, alongside other...

SmartProf

U.A.E

Rekt Studios raises $1.5 million from Cypher Capital to develop Meta gaming ecosystem

Rekt Studios, UAE-based blockchain-focused startup, has secured $1.5 million in funding from Cypher Capital. The funding will go...

REKT Studios

Regional

CONIX.AI raises $1.3 million pre-Seed round led by BIM Ventures

UK-based and Egypt-born design tech CONIX.AI has raised $1.3 million led by BIM Ventures, announcing the commencement of its commercial...

Conix

Jordan

Ibtikar Fund, Arco announce investment in Algebra Intelligence

Ibtikar Fund and the Architects Contracting Company (Arco) have invested an undisclosed amount in Algebra Intelligence, a Jordan-based...

Ibtikar Fund Algebra Intelligence Architects Contracting Company

U.A.E

KLAIM raises $5 million Seed from Knuru Capital with plans to increase round to $30 million

UAE-based fintech KLAIM, has raised a $5 million Seed round from Knuru Capital, with plans to increase this to over $30 million by way...

KLAIM Knuru Capital healthtech

Saudi Arabia

DataLexing raises $3 million seed round led by Sadu Capital

Saudi Arabia-based productivity platform DataLexing, has raised $3 million in a Seed round led by Sadu Capital, with participation from...

DataLexing data driven Sadu Capital

U.A.E

OurCrowd expands Abu Dhabi investment operations

Israel-based VC firm OurCrowd has announced the expansion of its Abu Dhabi operations with a new VC office and AI tech hub enabled by...

OurCrowd ADIO ADGM

U.A.E

UAE's baraka closes $20 million Series A led by Valar Ventures

UAE-based fintech baraka, has closed a $20 million Series A round led by Valar Ventures, the VC’s first regional investment....

Baraka Fintech Valar Ventures

U.A.E

Proptech Silkhaus raises $7.8 million Seed

UAE-based proptech Silkhaus, has raised a $7.8 million Seed round from Nuwa Capital, Nordstar, Global Founders Capital, Yuj...

Silkhaus

Regional

IFC launches $225 million platform to strengthen VC ecosystems in Africa, Middle East

World Bank-backed International Financial Corporation (IFC) has launched a $225 million platform to strengthen venture capital...

ifc Venture Capital

Regional

Modus launches $75 million Africa-focused fund

US-based and Mena-focused VC firm Modus, has launched a $75 million Modus Africa VC fund that will invest in African startups, led by...

Modus Venture Capital

Tunisia

Tunisia’s Beekeeper Tech raises $640,000 Seed round

Tunisia-based agritech Beekeeper Tech, has raised $640,000 in Seed round funding, led by 216 Capital Ventures, with participation...

agritech Beekeeper 216 Capital Ventures

Kuwait

Floward acquires perfumery brand Mubkhar

Floward, an online flower and gift delivery platform, has acquired perfumery brand Mubkhar. Originally set up in Kuwait in 2015,...

Floward

Saudi Arabia

Order raises $1 million pre-Seed round

Saudi Arabia-based SaaS startup Order, has raised $1 million in a pre-Seed funding round, led by several angel investors. Founded in...

Order SAAS f&b

Egypt

Egyptian fintech Blnk raises $32 million in equity, debt funding

Egypt-based fintech Blnk, has raised $23.7 million in equity and debt funding, and $8.3 million in securitised bond issuance. The...

Blnk Fintech Sawari Ventures

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