Wamda

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

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

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

U.A.E

Sheraa awards Little Thinking Minds $100,000 grant

Source: Khaleej Times The Sharjah Entrepreneurship Center (Sheraa), has awarded its first Access Sharjah winner, 'Little...

Sheraa little thinking minds

Regional

Eventtus secures investment to launch a virtual events platform

UAE-based Eventtus, has secured an investment round to launch a new digital events platform in response to the Covid-19 impact on the...

events Investment coronavirus

Global

Mubadala Capital invests in US-based Wellpay

Source: IBSintellegence California-based Wellpay, a FinTech platform provider for the healthcare industry, has also announced that...

Mubadala Capital Wellpay Fintech

Egypt

Fawry’s founder launches fintech fund

Egypt-based financial technology (fintech) company Fawry has played a pivotal role in providing digital payment capabilities to businesses...

Fintech fawry

Regional

Mena startups raise $277 million in Q1 2020

Source: Arabian Business Startups in the Middle East and North Africa (Mena) region raised $277 million in the first three months of...

MAGNiTT Q1

U.A.E

HDC raises $350,000 in seed funding

UAE-based startup Hotel Data Cloud (HDC), has raised $350K in seed funding from both local and international investors, to help hotels...

HDC online booking covid-19

U.A.E

ADIO allocates $100 million to four agritech companies

Source: The National Abu Dhabi Investment Office (Adio) invested $100 million (Dh367m) to bring four agriculture technology companies to...

agritech Abu Dhabi Investment Office (Adio)

U.A.E

Mamo Pay raises $1.5 million

UAE-based Mamo Pay, a peer-to-peer payments app has raised $1.5 million in a round led by Global Founders Capital (GFC) with participation...

mamo pay Fintech

U.A.E

The Modist ceases operations

Source: The National The Dubai-based luxury e-commerce platform announced the news on social media on April 2, citing the...

etailer TheModist covid-19

Saudi Arabia

SARY secures $6.6 million

Source: Reuters Saudi Arabia’s digital marketplace Sary, which connects small businesses with merchant wholesalers, has secured...

SARY ecommerce covid-19

Regional

Top five VC deals in the first quarter of 2020

The first quarter is usually an active one for venture capital (VC) investments in the Middle East and with the top five closed before the...

Investment investments VC

Oman

OTF earmarks RO 1 million for project expansion

Source: ONA Oman Technology Fund (OTF) today allocated one million Omani Riyals for investment in expansion projects. The step comes in...

OTF Sultan Haitham Bin Tarik.

U.A.E

Cartlow closes first round of funding

Source:AMEinfo Cartlow, an e-commerce startup that is pushing the "re-commerce" sector in the country, has secured an...

Recommerce Cartlow

Saudi Arabia

Wamda invests in online grocery platform Nana's $18 million Series B round

Wamda has participated in Saudi Arabia-based Nana's $18 million Series B investment round. Investors in the round included Saudi...

Nana Direct Nana wamda

U.A.E

Rise raises investment from MEVP

Dubai-based financial technology (fintech) startup Rise, has raised an investment round led by Middle East Venture Partners (MEVP) in...

Rise MEVP Fintech

Egypt

ElCoach raises six-figure seed

Source: Menabytes Cairo-based fitness startup El Coach has raised six-figure (USD) in seed funding, it told MENAbytes today,...

ElCoach 500 startups covid-19

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