Wamda

U.A.E

Enhance Fitness app raises $3 million Series A

Dubai-based fitness app Enhance Fitness has closed a $3 million Series A round from Global Ventures. Founded in 2018 by Tarek...

Enhance Fitness Sport

Bahrain

Bahrain’s Investcorp acquires British fintech MIR Limited

Bahrain-based Investcorp Technology Partners (ITP) has acquired all of the business and assets of UK-based fintech MIR Limited, for an...

Investcorp MIR Limited Fintech

Egypt

B2B e-commerce Capiter raises $33 million Series A

Cairo-based B2B e-commerce startup Capiter has raised $33 million Series A, co-led by Quona Capital and MSA Capital alongside additional...

Capiter B2B e-commerce

Egypt

Egyptian fintech Kashat raises $1.75 million Bridge round

Egypt-based fintech Kashat has raised $1.75 million in a Bridge funding round, led by Launch Africa, with the participation of several...

Kashat Fintech financial inclusion

U.A.E

Koala Picks raises $408,000 to fuel expansion

UAE-based health snack brand Koala Picks, has raised AED1.5 million ($408,000) in its first external round of funding led by friends and...

foodtech Healthy food and snacks Koala Picks

Saudi Arabia

Water solutions app Moya secures $2 million Seed round

Saudi Arabia-based water solution hub Moya App has secured $2 million in a Seed funding round from MLM Investment company. Launched...

Moya App Drinking Solutions

U.A.E

Stillfront acquires UAE’s Jawaker for $205 million

UAE-based gaming startup Jawaker has been acquired by Sweden-based Stillfront Group for a total of $205 million on a cash and debt-free...

Jawaker stillfront group Gaming

Egypt

Egypt’s super app MNT-Halan raises $120 million

Egypt-based super app and Wamda portfolio startup MNT-Halan has raised $120 million from major global and regional growth investors:...

MNT-Halan Fintech

U.A.E

Healthtech KLAIM secures $1.6 million pre-series A round

UAE-based healthtech KLAIM has secured $1.6 million funding in a pre-series A round, led by Mad’a Investments, with participation...

KLAIM healthtech

Saudi Arabia

TruKKer acquires Pakistan’s freight startup TruckSher

Saudi Arabia-based freight network TruKKer has acquired Pakistani startup TruckSher for an undisclosed amount. Founded in 2016 by...

Trukker TruckSher

Saudi Arabia

Saudi edtech Scalers raises $533,000 in Seed round

Saudi Arabia-based e-learning platform Scalers has raised $533,000 in a Seed round led by angel investors from both the recruitment and...

Scalers EdTech

Saudi Arabia

Wa’ed announces $2.7 million budget to support Saudi entrepreneurs during Jubail roadshow

Wa’ed, the entrepreneurship arm of Saudi Arabia’s Aramco, has set aside SAR10.2 million ($2.72 million) in Seed grants and...

Wa'ed Aramco

Kuwait

3s International acquires Kuwaiti proptech Taskeen

Kuwait-based real estate company 3s International Real Estate Company has acquired proptech startup Taskeen for an undisclosed amount,...

Taskeen 3s International Proptech

Morocco

Moroccan fintech Lacaisse.ma secures funding from WitaMax

Morocco-based Lacaisse.ma has received funding from WitaMax, the amount raised was undisclosed. Founded in 2016 by Said Belkhayat...

Lacaisse.ma WitaMax

U.A.E

Pollen Street acquires majority stake in Ding

Mobile top-up services company Ding has sold its majority stake to the London-based alternative investment management company, Pollen...

Ding Pollen Street acquisition

U.A.E

Emaar considers sale of Namshi

Emaar Malls, the retail arm of Dubai-based real estate developer Emaar Properties, is considering selling e-commerce startup Namshi for...

Emaar Malls emaar properties Namshi

Egypt

DIGGIPACKS acquires Egypt's FWRUN

Saudi Arabia-based last-mile delivery and logistics services provider DIGGIPACKS, has acquired Egypt-based e-commerce solutions provider...

DIGGIPACKS ecommerce enablement Logistics

U.A.E

Starzly raises undisclosed Seed funding round

UAE-based media startup Starzly has raised an undisclosed amount in a Seed round from SEEDRA Ventures, 500 Startups and existing...

Starzly Entertaintech

Qatar

Qatar Science and Technology Park invests in Kanari AI

Qatar Science and Technology Park (QSTP) has invested in US-based Kanari AI's $475,000 in pre-Seed funding round. Founded in 2020...

Kanari AI QSTP

Saudi Arabia

Syarah raises $20 million in Series B round

Saudi Arabia-based car marketplace Syarah has secured $20 million in a Series B round co-led by Impact46 and Elm company, with...

Syarah cars

U.A.E

Hala raises $5 million in Series A

Abu Dhabi-based insurtech, Hala, has raised a $5 million funding round led by Entrée Capital, with participation from Mubadala...

uae Insurtech

Saudi Arabia

Saudi Arabia unveils $1.2 billion tech initiatives

Saudi Arabia's Ministry of Communications and Information technology (MCIT) has launched a series of technology initiatives worth...

Fintech Hack MCIT

Saudi Arabia

Influencer marketplace Flicron raises $1.07 million via crowdfunding

Saudi Arabia-based micro-influencer marketplace Flicron has closed its second equity crowdfunding round, worth SAR4 million ($1.07...

Flicron influencer marketplace

Egypt

Egypt's MaxAB acquires Morocco's WaystoCap

Egypt-based B2B marketplace MaxAB has acquired the Morocco-based B2B e-commerce and distribution platform, WaystoCap. MaxAb has...

E-commerce MaxAB waystocap

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