Wamda

Saudi Arabia

B2B marketplace Lawazem raises $1.3 million Seed

Saudi Arabia-based B2B marketplace Lawazem has raised $1.3 million in a Seed round, led by Merak Capital, with participation from Merced...

Lawazem

Regional

ESCWA launches e-commerce acceleration programme for Arab SMEs

The United Nations’ ESCWA has launched an e-commerce Acceleration Programme (eCAP) to empower Arab SMEs. The eCAP programme will...

ESCWA E-commerce acceleration

U.A.E

Edtech Qureos raises $3 million pre-Seed round

UAE-based edtech Qureos has raised a $3 million pre-Seed round led by COTU Ventures and Colle Capital with participation from global and...

Qureos COTU Ventures EdTech

U.A.E

DIFC launches venture studio platform to develop fintech in Dubai

Dubai International Financial Centre (DIFC) has announced the launch of a venture studio platform “Studio Launchpad” ...

DIFC Studio Launchpad

Saudi Arabia

Proptech Gathern closes pre-Series B round

Saudi Arabia-based peer-to-peer rental platform Gathern, has closed its pre-Series B round, led by Shurafa Real Estate Development...

Gathern Proptech Shurafa Real Estate Development

Egypt

Saudi GLT Express acquires Egypt’s Gallop Express

Saudi Arabia-based logistics company GLT Express has acquired Gallop Express, an Egyptian logistics startup for an undisclosed...

Gallop Express GLT Express GLT Holdings

Egypt

Egypt’s PIE acquires Exits for unknown amount

Egypt-based Mergers and Acquisitions Advisory Firm PIE has acquired Exits, a regional online marketplace for buying and selling...

PIE exits acquisition

Morocco

WafR raises $278,000 for its reward-based platform

Morocco-based fintech and rewards startup WafR, has raised $278,000 at a $7.5 million valuation in a funding round led by UM6P Ventures,...

WafR

Egypt

O7 Therapy raises $2.1 million Seed round

Egypt-based healthtech O7 Therapy has raised a $2.1 million Seed round, led by Hikma Ventures, with the participation of C-Ventures,...

O7 Therapy Hikma Ventures mental health

Saudi Arabia

Beauty platform Kaya raises $2.6 million Seed round

Saudi Arabia-based beauty e-commerce platform Kaya, has raised a $2.6 million Seed round from Revival Lab, with participation from...

Kaya cosmetics Beauty

Saudi Arabia

Flat6Labs, SVC launch $40 million startup Seed fund in Saudi Arabia

The Saudi Venture Capital Company (SVC) has partnered with Flat6Labs to launch the “Startup Seed Fund” and Flat6Labs Riyadh...

Startup Seed Fund Flat6Labs SVC

Saudi Arabia

SVC invests in Sadu Capital's $27 million B2B-focused fund

Saudi Venture Capital (SVC) has invested in Sadu Capital's $27 million VC fund focused on supporting and nurturing the...

Sadu Capital SVC

Egypt

SWVL debuts on Nasdaq, sets initial offer price at $9.95 per share

UAE-based mobility startup SWVL, has completed its SPAC merger with Queen's Gambit Growth Capital and began trading on the US NASDAQ...

Swvl Nasdaq mobility

Kuwait

E-grocery startup Raha launches after raising $6.7 million Seed

Kuwait-based e-grocery platform Raha, has announced its launch after raising a $6.7 million Seed round led by a group of regional and...

Raha q-commerce e-grocery

Saudi Arabia

Saudi Tygo raises $1.8 million Seed round

Saudi Arabia-based telecommunications services and marketing platform Tygo, has raised a $1.8 million Seed round, led by Jawla...

Tygo Telecommunication BIM Ventures

Egypt

Egypt’s Khazna raises $38 million Series A round

Egypt-based fintech Khazna, has raised a Series A round of $38 million in equity and debt, with the equity investment led by Quona...

Khazna Quona Capital Khawarizmi

Egypt

Egyptian fintech PayMint raises Seed round

Egypt-based fintech PayMint has raised a seven-figure Seed investment from AUR Fintech. Launched in 2019 by Mohamed Yahya and Mohamed...

PayMint Fintech

Saudi Arabia

Saudi foodtech Haseel closes $6.6 million Series A funding

Saudi Arabia-based footech Haseel has raised a $6.6 million Series A funding round led by Vision Ventures, with participation from Arzan...

Saudi Arabia Haseel

Kuwait

Kuwaiti edtech Baims raises $2.2 million pre-Series A round

Kuwait-based edtech Baims has raised $2.2 million in pre-Series A funding round, led by Rasameel Investment House. Founded in 2017 by...

Baims EdTech

Egypt

Egypt’s ON Market raises $215,000 pre-Seed round

Egypt-based e-grocery marketplace ON Market has raised a $215,000 pre-Seed funding round from regional angel investors led by Yasser...

ON Market e-grocery

Egypt

Market research startup Intella raises $1 million Seed round

Egypt-based platform as a service (PaaS) startup Intella, has raised a $1 million Seed round, led by Hala Ventures, with participation...

Intella

Egypt

Rabbit to invest $60 million in Saudi Arabia

Egypt-based quick commerce (q-commerce) startup Rabbit, has announced it is planning to invest $60 million in Saudi Arabia over the next...

Rabbit q-commerce

Egypt

Egypt launches $109 million Avans Manara fund of funds

Egyptian banks and institutions have partnered to launch the “Avans Manara” fund, with total targeted investments amounting...

Avans Manara smes

Egypt

Robo-advisory startup Xpovi raises $300,000 pre-Seed round

Egypt-based robo-advisory startup Xpovi, has launched after raising a $300,000 pre-Seed round led by a group of angel...

Xpovi

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