Wamda

U.A.E

$150 million VC fund to boost India-UAE startup ecosystem

HCL Founder and Chairman of Startup Committee FICCI, Dr Ajai Chowdhry has launched an India-UAE VC Fund of $150 million with the aim to...

HCL FICCI India

Tunisia

Tunisia-born InstaDeep raises $100 million Series B round

Tunisia-born InstaDeep has closed its Series B round at $100 million, led by Alpha Intelligence Capital together with CDIB, alongside...

InstaDeep SAAS Artificial intelligence

Saudi Arabia

Saudi fintech Sanad Cash raises $1.6 million Seed round

Saudi Arabia-based on-demand payment Platform Sanad Cash, Inc. has raised a $1.6 million Seed round with participation from Impact46...

Sanad Cash Impact46

U.A.E

UAE’s Chimera Capital closes second fund Alpha Wave Ventures II at $10 billion

UAE-based investment firm Chimera Capital has closed its second VC fund Alpha Wave Ventures II at $10 billion, co-managed with...

Chimera Capital Alpha Wave Ventures II

Saudi Arabia

Saudi Arabia's cloud kitchen Creative+ raises $2 million

Press release: Creative+ Cloud Kitchen announced the closure of its first investment rounds worth more than $2 million, with the...

Creative+ cloud kitchen

Saudi Arabia

Legends Gaming raises $1.2 million via Scopeer

Saudi e-gaming marketplace Legends Gaming has secured SAR 4.5 million ($1.2 million) from 674 investors via crowdfunding platform...

Legend Gaming Scopeer

Palestine

Ibtikar Fund II closes first round at $15 million

Palestine-based Ibtikar Fund has announced the first closing of its second fund Ibtikar Fund II CV at $15 million out of a target fund...

Ibtikar Fund

Bahrain

Savii expands to Bahrain following pre-Seed round

Savii, a UAE-based neobank for children, has launched its services in Bahrain after raising a pre-Seed round from angel investors in the...

Savii neobanks

U.A.E

Anghami set for NASDAQ listing as Vistas shareholders approve merger

A merger between Lebanon-founded music streaming startup Anghami and Vistas Media Acquisition Company, a publicly traded special...

anghami SPAC

Morocco

Morocco’s Chari raises bridge round

Morocco-based B2B e-commerce and fintech startup Chari, has closed an undisclosed bridge round led by the Saudi-based venture capital...

Chari Fintech

Egypt

Fawry to raise $50.8 million growth capital, explores a US Listing

Cairo-based fintech Fawry plans to raise $50.8 million of growth capital through a rights issue to existing shareholders, to be used to...

fawry Fintech

Saudi Arabia

Lean raises $33 million in round led by Sequoia Capital

Saudi Arabia-based fintech Lean Technologies has raised $33 million in a Series A round led by Sequoia Capital India, marking the US...

Lean Technologies Open banking Sequoia Capital

U.A.E

UAE’s Hamples raises pre-Seed round from Nama Ventures

UAE-based try-before-you-buy e-commerce Hamples has raised pre-Seed funding round for an undisclosed amount by Nama Ventures. Founded ...

Hamples Nama Ventures

Bahrain

Rain raises $110 million in Series B funding co-led by Paradigm and Kleiner Perkins

Bahrain-based cryptocurrency exchange Rain, has raised $110 million in its Series B funding round co-led by Paradigm and Kleiner Perkins...

cryptocurrency rain

Egypt

ExpandCart closes $2.7 million pre-Series B round

Cairo-based e-commerce platform builder ExpandCart has raised $2.7 million in a pre-Series B bridge funding round, led by Hong...

ExpandCart e--commerce

Saudi Arabia

Saudi Arabia’s Lucidya raises $6 million in second funding round

Saudi-based SaaS platform Lucidya has raised its second round of funding of $6 million, led by Rua Growth Fund with participation...

Lucidya SAAS

Saudi Arabia

Wamda participates in Penny Software's $5 million Seed round

Wamda has participated in KSA-based Penny Software's $5 million Seed round, which was led by Outliers Venture Capital, and with...

Jordan

ISSF invests $1.5 million in Global Ventures

Innovative Startups and SMEs Fund (ISSF) has invested $1.5 million in UAE-based Global Ventures, a venture capital fund that invests in...

ISSF Global Ventures

Egypt

Egypt's edtech Orcas raises $2.1 million

Cairo-based edtech Orcas has raised $2.1 million in its pre-Series A round, co-led by CIRA’s NFX Ventures and Access Bridge...

Orcas EdTech

Saudi Arabia

Saudi Arabia’s Squadio raises Seed round from SEEDRA Ventures

Saudi Arabia-based HR platform Squadio, has raised its Seed funding round from Riyadh-based SEEDRA Ventures. Founded in 2019 by Khaled...

Squadio Seedra Ventures

Qatar

Qatar Investment Authority invests in Checkout.com’s $1 billion Series D round

Qatar Investment Authority (QIA) has contributed to the $1 billion Series D round raised by Checkout.com at a valuation of $40 billion,...

Qatar Investment Authority Checkout.com

Egypt

Egypt's foodtech 3attar raises Seed investment

Cairo-based foodtech startup 3attar has secured Seed investment from AUC Angels, UI Investment and a group of angel...

3attar foodtech AUC Angels

U.A.E

UAE’s logistics startup Shorages raises $700,000 Seed funding

UAE-based logistics startup Shorages has raised a Seed round of $700,000. Founded in 2019 by Rayan Osseiran, Shorages provides...

Shorages E-commerce Logistics

U.A.E

Proptech Huspy acquires UAE-based Home Matters

UAE-based proptech Huspy has acquired Home Matters, a mortgage consultancy for the UAE and UK markets. The combined...

Proptech huspy

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