Wamda

U.A.E

Procurified raises $1.1 million Seed funding

UAE-based construction bid management platform Procurified has raised a $ 1.1 million Seed Round, led by UAE-based Aditum Investment...

Procurified Aditum Investment Management

Saudi Arabia

Barakah raises $300,000 pre-Seed round

Saudi Arabia-based food delivery startup Barakah has secured $300,000 in a pre-Seed round from Alriyadah Investments. Founded in 2021...

Barakah Alriyadah Investments Food & Beverage

U.A.E

BNPL Tabby secures $150 million credit facility

UAE-based fintech Tabby, has secured $150 million in debt financing from Atalaya Capital Management and existing investor Partners for...

Tabby BNPL Fintech

Egypt

SWVL suspends $100 million acquisition of UK’s Zeelo

Dubai-headquartered transport and mobility solutions provider SWVL, has canceled the proposed acquisition of Zeelo, a...

Swvl

Egypt

Homzmart raises $23 million pre-Series B round

Egypt-based furniture and home supplies marketplace Homzmart, has raised a $23 million pre-Series B round from STV, Impact46, Outliers...

Homzmart

Kuwait

Kuwait’s Teeela raises $3.75 million pre-Series A

Kuwait-based gifting platform Teeela, has raised $3.75 million in a pre-Series A funding round, led by Saudi Arabian investment firm...

Teeela Wealth Well gift marketplace

Egypt

Openner launches Web3-focused Qurious Labs

Egypt-based VC firm Openner has launched Qurious Labs, a Web3-focused venture studio, to help develop markets and aid them to access the...

Openner Qurious Labs Web 3.0

U.A.E

Enhance Ventures launches $30 million Builders Fund

UAE and Saudi Arabia-based venture studio Enhance Ventures, has launched a $30 million Builders Fund, which will invest in the...

Enhance Ventures Builders Fund MENAPT

U.A.E

Artifi raises $3.26 million in investment

UAE-based blockchain NFT ecosystem Artfi, has received funds worth $3.26 million at a valuation of $100 million from Sheikha Hend Al...

NFT Artifi Blockchain

U.A.E

ChatFood raises $3 million bridge round led by Antler

UAE-based foodtech ChatFood, has announced a bridge round of $3 million led by Antler with a reserved amount for key strategic Saudi...

ChatFood Antler foodtech

Egypt

Egypt’s fashion marketplace TFK closes $2.6 million Seed round

Egypt-based fashion marketplace The Fashion Kingdom (TFK), has raised a $2.6 million Seed funding round, co-led by CVentures and A15,...

TFK The Fashion Kingdom Cventures

Kuwait

All Over Group’s Khaled Al Refaai acquires 25 pre cent of Blockat for $3.6 million

Khaled Al Rafaai, CEO of Kuwait-based media production company All Over Group, has acquired 25 per cent of e-commerce platform Blockat,...

Blockat

Egypt

Creative Dock acquires FoundersLane, plans to invest €100 million in Mena startups

Berlin-based corporate venture builder FoundersLane, which was recently acquired by Creative Dock Group (CDG), has expanded its operations...

FoundersLane MNT-Halan

Egypt

Egypt’s Cartona raises $12 million Series A round

Egypt-based B2B e-commerce platform Cartona, has closed its $12 million Series A fundraise led by Silicon Badia, with the participation...

Cartona silicon badia

U.A.E

UAE’s Qstay closes $6.5 million Seed round

UAE-based hospitality platform Qstay, has closed a debt and equity Seed round of $6.5 million. Founded in 2020 by Artur Khayrullin,...

Qstay hospitality Rental

Egypt

FMO announces $10 million commitment to Algebra Fund II

FMO, the Dutch entrepreneurial development bank, has pledged a $10 commitment to Algebra’s second fund. The agreement was signed...

FMO Algebra Fund II

Egypt

Mohamed El-Sewedy acquires Magma via Averroes Ventures

Egypt-based Magma, a manufacturer of sportswear, has been fully acquired by its incumbent CEO Mohamed El-Sewedy via venture capital firm...

Magma

Sudan

Sudanese fintech Bloom raises $6.5 million Seed round

Sudan-based fintech Bloom, has raised a $6.5 million Seed round from Visa, Y Combinator, US-based VCs Global Founders Capital (GFC) and...

Bloom Fintech Visa

Palestine

Palestinian e-commerce Modesta raises six-figure Seed round

Palestine-based fashion marketplace Modesta has raised a six-figure Seed round led by 500 Startups, with the participation of the...

Modesta E-commerce

Tunisia

Pan-African CAIF fund closes at $112.8 million

Tunisia-based multi-asset investment platform AfricInvest and US-based VC firm Cathay Innovation, have completed the final close of...

CAIF Cathay AfricInvest Innovation Fund AfricInvest

Egypt

Stllr Network raises six-figure investment round

Egypt-based Stllr Network has closed a six-figure investment from 500 Global and angel investors through Women Spark and Falak...

Stllr Network Falak Angels 500 Global

Iraq

Iraqi e-commerce Orisdi raises new investment

Iraq-based Orisdi, an online marketplace, has raised a new investment round led by returning investors such as Al Sharqiya TV, Mohamed...

Orisdi

U.A.E

DeFi platform ZKX raises $4.5 million Seed round

UAE-based DeFi platform ZKX has raised $4.5 million in Seed funding from StarkWare, Alameda Research, Amber Group, Huobi and...

ZKX DeFi StarkWare

Morocco

Morocco’s SmartProf receives $50,000 from Plug and Play, UM6P

Morocco-based edtech Smartprof has secured $50,000 in funding after graduating from the Mohammed VI Polytechnic University (UM6P) Startgate...

SmartProf

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