Wamda

Egypt

Kotobna acquires 40 per cent of Autograph

Egypt-based e-book platform Kotobna, has acquired 40 per cent of e-book merchandise Autograph, bringing its market value to $3...

Kotobna Autograph

Egypt

OTO Courses raises six-figure investment

Source: Afrikanheroes Egypt’s edtech OTO Courses, has raised a six-figure (USD) investment in the form of a bridge round from AUC...

OTO Courses EdTech

U.A.E

ADIO invests $5 million in Shorooq Partners’ Bedaya Fund

Source: WAM The Abu Dhabi Investment Office, ADIO, has invested in the Bedaya Fund to increase access to capital for promising startups...

ADIO Bedaya fund

U.A.E

Al Tayer shuts online retailer Nisnnass

Source: Arab News UAE-based Al Tayer Group has announced that e-tailer Nisnass will close down from July 16. The parent company...

Nisnass etailer covid-19

Regional

Careem invests $50 million in super app

Careem announced the launch of its super app, combining all of its services like ride-hailing and food delivery onto one platform. The Uber...

careem super app

Palestine

World Bank approves $15 million grant to support Palestinian IT sector

Source: DevDiscourse The World Bank has approved a US$15 million grant to improve sustainable economic opportunities for much...

IT sector world bank

Egypt

CVentures invests in US-based MagicCube

Source: CVentures MagicCube, the creator of the world’s only Software Trusted Execution Environment platform, today announced that...

MagicCube Cventures CIB

Egypt

Zedny launches with $1.2 million pre-seed investment

Source: WAYA Arabic learning platform Zedny launched today with a pre-seed investment of $1.2 million from angel investors....

Zedny Edutech

Egypt

Sakneen raises $150,000 in pre-seed funding

Source: Enterprise Egyptian homebuying online platform Sakneen has raised USD 150k in pre-seed funding from US...

Egypt

Chefaa secures pre-Series A investment

Spurce: Afrikanheroes Egypt-based on-demand medicine delivery platform Chefaa, has raised a seven-figure (USD) Pre-Series A, without...

healthtech Chefaa Vision ventures

Saudi Arabia

Shgardi raises investment to expand regionally

Saudi Arabia-based on-demand delivery startup Shgardi, has raised a seven-digit figure investment from Riyadh-based Mad’a Investment...

Last mile delivery Shgardi covid-19

U.A.E

Rizek raises $3.5 million in seed funding

Source: Trade Arabia Abu Dhabi-based service marketplace Rizek has announced that it has raised $3.5 million in one of the largest seed...

Rizek ADIO ecommerce

Turkey

TPAY Mobile acquires Turkey's Payguru

Source: Zawya UAE-based FinTech firm TPAY Mobile is acquiring 100 percent stake in Turkey’s mobile payment platform Payguru, it...

Payguru TPay Fintech

Saudi Arabia

Syarah closes bridge round with participation from Impact46

Syarah, an online marketplace for cars based in Saudi Arabia has closed its bridge to Series B round of investment, for an undisclosed...

Syarah Impact46 car

Kuwait

Ajar raises $7.5 million in pre-Series A

Source: Trade Arabia Ajar, a cloud-based property management and rent collection platform, has announced that it has raised $7.5 million...

Ajar Proptech covid-19

Saudi Arabia

Wahed Raises $25 million

Source: Forbes Wahed, the ethical investment fintech for Muslim investors, raised $25 million in venture funding with proceeds being...

Wahed Ethical invetment Islamic economy

U.A.E

Tabby raises $7 million and expands to Saudi Arabia

UAE-based Tabby, a buy now, pay later financial technology (fintech) startup, has raised $7 million to fund its growth and launch its...

Tabby Fintech

Egypt

Orange Digital Ventures launches seed challenge for African, Middle Eastern startups

Source: Disrupt Africa Orange Digital Ventures has launched a seed challenge for startups from Africa and the Middle East, which will...

Orange Digital Ventures Seed funding

U.A.E

DIFC invests in four fintech startups

Source:Techradar Dubai International Financial Centre (DIFC), an international business hub in the Middle East, Africa and South Asia...

DIFC Fintech

Egypt

Shezlong raises investment to expand operations

Cairo-based Shezlong, an online mental health platform, has raised a new investment round. The round saw participation from...

mental health healthtech shezlong

Egypt

Payfort launches Dh1 million initiative to support startups

Source: Arabian Business Payfort, a subsidiary of retail giant Amazon, has launched a AED1 million ($272,000) initiative in the UAE...

Amazon Payfort

Global

Dubai family office invests in India's iNurture

Source: Vccircle Bengaluru-based ed-tech startup iNurture Education Solutions Pvt. Ltd, a provider of formal higher education programmes...

Dubai family office iNurture

Egypt

AUC Angels Invests in Mogassam and Furnwish

Source: WAYA AUC Angels, the first university based investment network in the Middle East, has announced its investment in dental 3D...

AUC V-Lab ar

Saudi Arabia

Jahez raises $36 million in Series A

Saudi Arabia-based food delivery startup Jahez, has closed a $36 million Series A funding round led by Impact46. This round marks the...

Jahez Last-mile delivery

Thought Leadership

All the information you need to navigate Mena's startup ecosystem

Thank you