Wamda

Turkey

After splitting from Swvl, Volt Lines raises carve-out round

Turkey-based ride-hail company Volt Lines has closed its carve-out round, with a 30 per cent oversubscription, after splitting from...

Volt Lines Swvl Wamda Capital

Bahrain

Bahraini proptech Estater raises $5 million Series A round

Bahrain-based proptech Estater has raised a $5 million Series A round, led by undisclosed investors from Saudi Arabia and...

Estater Proptech Real Estate

U.A.E

Abu Dhabi’s G42 acquires stake in TikTok owner ByteDance

Abu Dhabi investment firm Group 42 (G42) has acquired a $100 million stake in Chinese internet company ByteDance, owner of the social...

G42 TikTok ByteDance

U.A.E

Credable closes $2.5 million Seed round led by Acasia Ventures

UAE-based fintech Credable has closed a $2.5 million Seed round led by Ventures Platform and Egypt-based VC firm Acasia Ventures...

Credable Acasia Ventures Fintech

Iraq

Iraqi Islamic Bank partners with MSA Novo to back startups in Iraq

Iraq Islamic Bank (IIB) has partnered with investment company MSA Novo, to launch a tech fund to invest in Iraqi startups and lead the...

Iraqi Islamic Bank MSA Novo iraq

Saudi Arabia

SVC launches $80 million VC fund to back fintech in KSA

Saudi Venture Capital Company (SVC) has launched an $80 million Investment in Fintech VC Fund, in partnership with the Capital Market...

SVC Fintech Saudi Arabia

Saudi Arabia

Saudi Arabia’s Aumet raises $7 million pre-Series A round

Saudi Arabia-based healthtech Aumet, has raised a $7 million pre-Series A funding round from AAIC, a Tokyo-based healthcare-focused...

Aumet healthtech

U.A.E

almentor raises $10 million pre-series C round led by e& capital

UAE-based edtech almentor, has raised $10 million in a pre-Series C round led by e& capital, alongside existing investors Partech,...

almentor EdTech e& capital

Morocco

Morocco's VotreChauffeur and VotreColis raise $240,000

VotreChauffeur and VotreColis have raised $240,000 (MAD 2.5 million) from Afrimobility, Akwa Group’s Venture...

VotreChauffeur VotreColis

Tunisia

OTF invests in Tunisia’s edtech Shape

Tunisia-based edtech startup Shape has raised funding from The Oman Technology Fund (OTF). The amount raised was not...

Shape OTF

Saudi Arabia

Tamara raises $150 million debt financing from Goldman Sachs

Saudi Arabia-based fintech Tamara, has closed a $150 million debt financing round from Goldman Sachs, bringing the startup’s total...

Tamara Fintech Goldman Sachs

Saudi Arabia

NFT marketplace Nuqtah raises Seed round

Saudi Arabia-based NFT marketplace Nuqtah, has raised an undisclosed Seed round led by Animoca Brands with participation from Polygon...

Nuqtah Animoca Brands NFT

U.A.E

COFE raises $15 million Series B round led by Wa'ed Ventures

UAE-based online coffee marketplace Cofe has raised $15 million in a Series B funding round led by Wa'ed Ventures, with...

COFE Wa'ed Vnetures Coffee

Regional

Flat6Labs leads Burger Index’s $1.3 million Seed round

Spain-based AI startup Burger Index has raised $1.3 million in Seed funding to initiate its expansion in the GCC region. The round was...

Burger Index Flat6Labs f&b

Regional

Flat6Labs launches $95 million Seed fund to back early-stage startups in Africa

Seed investor and accelerator Flat6Labs, has launched a new $95 million Africa Seed Fund (ASF) to nurture the growth and development of...

Flat6Labs Africa Seed Fund ASF

U.A.E

Fashion app Bazaara raises $230,000, eying expansion in KSA

UAE-based fashion e-commerce startup Bazaara, has raised $230,000 in a pre-Seed round, led by Flat6Labs UAE, with participation from...

Bazaara Fashion E-commerce

Saudi Arabia

Kara raises $586,000 during Biban 2023

Saudi Arabia-based device-as-a-service (DaaS) startup Kara, has raised $586,000 (SAR 2.2 million) pre-Seed round led by Falak Investment...

Kara Biban 2023

Saudi Arabia

Beta Lab launches in Saudi Arabia to scale homegrown deeptech startups

Beta Lab, a VC and co-creation studio dedicated to fostering the growth of deep technology startups, has launched in...

Beta Lab

Saudi Arabia

Saudi healthtech Labayh acquires Nafs app

Saudi Arabia-based mental health app Labayh has acquired UAE’s counterpart, Nafas. Founded in 2018 by Basim Albeladi,...

Labayh Nafs healthtech

U.A.E

UAE’s Sav raises $750,000 pre-Seed round

UAE-based fintech startup Sav has raised a $750,000 pre-Seed round led by angel investors. Founded in late 2021, Sav is designed to...

Sav

U.A.E

nealthy raises $1.3 million pre-Seed round

UAE-based virtual asset management platform nealthy, has raised $1.3 million in pre-Seed funding from undisclosed investors. Founded...

nealthy NFT Cryptocurrencies

Kuwait

Baims closes $4 million Series A round

Kuwait-based edtech Baims, has raised $4 million in a Series A funding round led by AK Holding, with participation from Al-Wazzan...

Baims EdTech AK Holding

Jordan

Flat6Labs launches ‘StartMashreq’ initiative to support entrepreneurs across the Levant region

Seed investor and accelerator Flat6labs, in partnership with the International Finance Corporation (IFC) and the government of the...

Flat6Labs ifc

Bahrain

Procural raises $1.2 million Seed

Bahrain’s Procural has raised a $1.2 million Seed round led by Flagship Holding and Canada-based BenchMatrix. Founded in...

Procural

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