Wamda

Global

Hikma Ventures invests in US-based Altoida

Hikma Ventures, the venture capital arm of Jordan-based Hikma Pharmaceuticals has invested an undisclosed sum in US-based Altoida, a...

Hikma Ventures healthtech Altoida

Regional

Instabug secures $5 million Series A round

Instabug, the in-app feedback and bug reporting software company, has raised $5 million in a Series A round. The investment round was led...

Software applications Technology

Regional

Careem cuts more than 500 jobs across all markets

Source: The National Ride-hailing company Careem is shedding 31 per cent of its workforce to offset the impact of...

careem

Regional

UberEats shuts down in UAE, Saudi Arabia and Egypt

Source: Reuters Uber (UBER.N) said on Monday it was closing down its Uber Eats operations in eight markets because they did not offer a...

UberEats Egypt foodtech

Regional

World’s first Halal Angels Network aims to tap $5 trillion

Source: Trade Arabia The World’s First Halal Angels Network was launched to promote Innovation, entrepreneurship & startups to...

Angel Investment India GCC

Regional

yallacompare secures $4.25 million funding

yallacompare, the UAE-based insurance aggregator, has secured new funding of $4.25 million from Gulf Insurance Group (GIG). The investment...

Insurance Investment yallacompare

Global

Global Ventures invests in African healthtech startup

Source: Zawya Dubai-based Global Ventures has co-led a $7 million investment with AAIC Japan in Helium Health, West Africa's largest...

healthtech covid-19

Egypt

Pravica raises $500,000 pre-seed

Cairo-based Pravica, (previously known as Dmails), has raised US$500,00 in a pre-seed round, led by 500 Startups, with the...

Blockhain Pravica 500 startups

Palestine

Ibtikar Fund invests in Tawazon

Ibtikar Fund has announced a seed investment in the Palestine-based meditation app Tawazon. Tawazon, or “balance” in Arabic,...

Ibtikar Fund Meditation Tawazon

U.A.E

EMPG reaches unicorn status and announces merger with OLX

Source: MenaBytes Dubai-based Emerging Markets Property Group (EMPG) that runs property portals in different emerging markets across the...

OLX EMPG Invesmtment

U.A.E

Faith Capital invests in YouGotAGift’s share offering

Kuwait-based venture capital firm Faith Capital announced its participation in the secondary share offering in Dubai-based online gifting...

yougotagift Faith capital E-gifting

Global

EMPG acquires Thai online retailer Kaidee

Source: Deal Street Asia Dubai-based online classified group Emerging Markets Property Group (EMPG), parent company of Bayut, has...

E-commerce EMPG

Egypt

Mumm raises investment for ongoing pre-Series A

Source: MENAbytes Cairo-based foodtech startup Mumm has raised an undisclosed amount of investment from Alex Angels, the startup...

foodtech Mumm

Saudi Arabia

Taker raises seed funding

Saudi Arabia-based Software as a Service (SaaS) startup Taker, has raised an undisclosed amount of seed funding in a round led by 500...

foodtech Seed funding

U.A.E

Axeed labs announces $272,000 launchpad for startups, SMEs

Source: Trade Arabia Axeed labs, the UAE-based mobile application and software development firm, has launched its Dh1 million ($272,000)...

smes Launchpad Covid19

Global

Mubadala Capital invests in US-based Unlearn.AI

Source: Techcrunch Unlearn.AI, which has built a machine learning platform that builds “digital twin” profiles of...

Mubadala Capital healthtech UnlearnAI

U.A.E

Anghami pledges $3 million to SMEs

Source: ITP Leading Middle East music platform Anghami has revealed a $3 million budget to help small businesses survive during the...

anghami covid-19

U.A.E

Hubpay raises seed investment

UAE-based Hubpay, a digital wallet for remittances has announced its seed round led by US venture capital firm, Signal Peak Ventures,...

Fintech financial inclusion hubpay

Global

Vy Capital invests in India's Itilite

Source: Vccircle Itilite Technologies Pvt. Ltd, a software-as-a-service company focussed on business travel, has raised $13 million (Rs...

Egypt

Disruptech invests in Khazna & Brimore

Source: MenaBytes Disruptech, the recently established Egypt-focused $25 million fintech fund founded by Fawry’s...

fawry Khazna Brimore

Oman

OTF commits funding support to three online startups

Source: Oman Observer The Oman Technology Fund (OTF), the Sultanate’s leading venture capital investment fund, has announced...

covid-19 Bahraini ecosystem OTF

U.A.E

360VUZ raises $5.8 million in Series A

UAE-based virtual reality (VR) mobile app 360VUZ, has secured $5.8 million in a Series A investment round led by Shorooq Partners with...

virtual reality 360vuz covid-19

Kuwait

Baims secures first edtech funding in Kuwait

Kuwait-based Baims has secured a seed round funding, the first education technology (edtech) investment in Kuwait. The round was led by...

EdTech Education

Global

Falcon Eye Drones raises investment from Aerodyne Group

Falcon Eye Drones Services (FEDS) Group Holdings, announced a “major strategic investment” from global drone-based management...

Drones Aerodyne Group Falcon Eye Drones

Thought Leadership

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

Thank you