Wamda

Saudi Arabia

Endeavor launches report on state of Saudi startup ecosystem

A report published by Endeavor Saudi Arabia highlights the rapid growth of the country's startup sector. Riyadh’s tech...

Endeavor Mapping The Riyadh Tech Sector

Regional

SWVL acquires Turkish B2B mobility startup Volt Lines

Dubai-based mobility startup SWVL, has acquired Turkey-based B2B mobility startup Volt Lines. Founded in 2017 by Aly Halabi, Volt...

Swvl

Saudi Arabia

Red Sea Farms raises additional $18.5 million to fuel expansion plans

Saudi Arabia-based agritech Red Sea Farms has raised an additional $18.5 million co-led by Wa’ed, the venture capital arm of Saudi...

Red Sea Farms agritech

U.A.E

UAE fintech zenda raises $9.4 million Seed to accelerate India expansion plans

UAE-based fintech zenda, has raised $9.4 million in a Seed round from STV, COTU, Global Founders Capital, and...

Fintech zenda

Regional

Retailo acquires UAE's DXBUY

Saudi Arabia-based B2B marketplace Retailo has acquired UAE-based DXBUY for an undisclosed amount. The acquisition is part of...

Retailo DXBUY

U.A.E

Careem expands its focus to financial services

Careem is shifting its focus from ride-hailing to financial services, in a move that will position the super app as a key fintech...

careem Fintech Careem Pay

Saudi Arabia

KAUST launches innovation fund

The King Abdullah University of Science and Technology (KAUST) has launched a VC fund to invest in seed level deeptech...

KAUST KAUST Innovation Fund

U.A.E

Millennial Brands raises $35 million growth round

UAE-based direct-to-consumer (D2C) platform Millennial Brands, has raised $35 million in growth funding led by Global Emerging Markets...

Millennial Brands Global Emerging Markets Group E-commerce

Regional

FOODICS raises $170 million Series C round for expansion

FOODICS, a Saudi Arabia-based fintech and foodtech platform, has raised $170 million in a Series C round, co-led by Prosus and Sanabil...

Foodics

U.A.E

UAE issues new visas for entrepreneurs and investors

The UAE cabinet has approved new regulations regarding the entry and residence of foreigners, in an attempt to attract and retain global...

Federal Decree-Law

Egypt

UAE’s QiDZ app receives investment from CASF

UAE-based entertainment marketplace QiDZ, has raised investment from the Cairo Angels Syndicate Fund (CASF). The amount raised was not...

QiDZ CASF Cairo Angels Syndicate Fund

Egypt

The Food Lab raises $4.5 million pre-Seed round

Egypt-based cloud kitchen operator The Food Lab, has raised $4.5 million in a pre-Seed round, co-led by Nuwa Capital, Shorooq Partners...

The food Lab

Morocco

Morocco’s Nessiam secures $306,000 investment

Morocco-based lingerie e-commerce site Nessiam, has secured a $306,000 investment from CDG Invest, the CDG Group’s investment arm,...

Nessiam 212 Founders programme CDG Invest

U.A.E

Lune Technologies receives $68,000 investment from Sandooq Al Watan

UAE-based financial analysis app Lune, has raised a $68,000 investment from Sandooq Al Watan to accelerate its growth. Founded in 2020...

Lune Technologies Sandooq Al Watan Financial Analysis

Saudi Arabia

Saudi Spoilz Games closes $692,000 pre-Seed round

Saudi Arabia-based gaming platform Spoilz Games has closed a pre-Seed investment round of $692,000 from angel investors. Founded in...

Spoilz Games Gaming

Regional

Footballco acquires Kooora for $25 million

Footballco, a UK-based digital media company focused on football, has acquired UAE-based online sports content startup Kooora, in a deal...

Kooora

Egypt

Egyptian healthtech Rology closes pre-Series A round

Egypt-based healthtech Rology, has closed a pre-Series A round from Egypt Ventures, Sequence Ventures, Waseel, Tawaref, and Viktoria...

Rology healthtech

Global

Clara secures investment from The LegalTech Fund as it comes out of beta

Clara, the UK-based legaltech startup and Wamda portfolio company has raised investment from US-based The LegalTech Fund, which...

Clara Legaltech

Egypt

Egypt’s Pylon raises $19 million Seed round

Egypt-based infrastructure management platform Pylon, has raised $19 million in a Seed funding round comprising equity and debt, led by...

Pylon YCombinator Khawarizmi Ventures

U.A.E

Water sustainability startup Wisewell raises $2 million pre-Seed round

UAE-based water tech startup Wisewell has closed a $2 million pre-Seed funding round, led by BECO Capital, bringing its total funding to...

Wisewell water sustainability BECO Capital

Egypt

IFC pledges $15 million investment in Algebra Fund II

International Finance Cooperation (IFC), a member of the World Bank Group, has pledged $15 million investment in Algebra Ventures’...

Algebra Fund II Algebra Ventures ifc

Saudi Arabia

Saudi Aramco's Wa'ed invests in WakeCap

Saudi Arabia-based construction technology (contech) startup WakeCap has raised investment from Wa’ed, the Saudi Aramco...

Aramco WakeCap

U.A.E

UAE’s foodtech Right Farm raises $2.8 million Seed round

UAE-based B2B e-grocery platform Right Farm has raised $2.8 million in its Seed funding round, led by DisruptAD and Enhance...

Right Farm foodtech DisruptAD

Egypt

Egyptian edtech Sprints raises $1.2 million Seed round

Egypt-based edtech Sprints has raised $1.2 million in a Seed funding round led by the Alexandria Angels Network as well as members of...

Sprints Alexandria Angels Network EdTech

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