Wamda

U.A.E

Moove raises $30 million from debut sukuk for UAE expansion

Nigeria-based mobility fintech and Moove is raising $30 million through its first Sukuk issuance arranged by Franklin Templeton...

Moove Nigeria Mobility Fintech

Morocco

Morocco’s Justyol raises $350,000 pre-Seed round

Morocco-based e-commerce Justyol, has raised a follow-on of $350,000 in a pre-Seed round from Earn Rocket Investment Holding. Founded...

Justyol Earn Rocket E-commerce

Global

KBW Ventures co-leads $12.3 million Series A round in US-based Black Sheep Foods

UAE-based KBW Ventures, founded by HRH Prince Khaled bin Alwaleed bin Talal Al Saud, has co-led a $12.3 million Series A round for...

KBW Ventures

U.A.E

Modus leads Koble’s $1.2 million pre-Seed round

UAE-based VC Modus, has led the $1.2 million pre-Seed funding round for UK-based investment firm Koble alongside Belgium-based VC...

Koble Modus Venture Capital

Regional

Revival Lab launches $40 million fintech-focused VC builder and fund

Saudi Arabia-based Revival Lab will establish “Fin-tactics Ventures", a venture builder specialised in fintech, insuretech...

Revival Lab Fin-tactics Ventures

Iraq

Iraqi delivery app Lezzoo acquires Saydo

Iraq-based on-demand delivery app Lezzoo has acquired the compatriot marketplace Saydo, for an undisclosed amount. The acquisition...

Lezzoo Saydo b2b

Egypt

Morni invests $10 million in Egypt to acquire mobility startups

Saudi Arabia-based mobility solutions platform Morni is planning to invest $10 million to target new acquisitions in Egypt in the...

Morni Exists.me

U.A.E

UAE’s Cavendish Maxwell to acquire majority stake in Property Monitor

UAE-based real estate advisory Cavendish Maxwell, has acquired a majority stake in proptech company Property Monitor for an unknown...

Cavendish Maxwell Property Monitor Proptech

Bahrain

Calo raises $13 million pre-Series A round

Bahrain-based foodtech Calo, has raised a $13 million pre-Series A round led by Nuwa Capital and STV. Other investors participating in...

Calo Nuwa capital foodtech

Regional

Seedstars launches platform to develop VC managers in emerging markets

Switzerland-based Seedstars has launched its investment arm “Seedstars Capital” for emerging VC fund managers across the...

seedstars Venture Capital

Egypt

SIDEUP raises $1.2 million Seed, relocating HQ to Riyadh

Egypt-based logistics platform SIDEUP, has raised a $1.2 million Seed round from Launch Africa VC, 500 Global, Riyadh Angels, Alex...

SIDEUP 500 Global E-commerce

Egypt

OneOrder raises $3 million Seed

OneOrder, an Egypt-based B2B marketplace that connects restaurants to suppliers, has raised a $3 million Seed round led by Nclude as...

OneOrder

Saudi Arabia

Saudi Jahez acquires The Chefz for $172.9 million

Saudi Arabia-based food delivery app Jahez has fully acquired The Chefz, a Saudi Arabia-based dessert delivery platform for $172.9...

Jahez The Chefz Food delivery

U.A.E

Kitopi sacks 93 employees as diners head back to restaurants

Dubai-based cloud kitchen operator Kitopi, has laid off 10 per cent of its head officd workforce, amounting to 93 employees, according...

Kitopi

Egypt

500 Global opens an office in Egypt, partners with ITIDA to launch support programmes for local startups

US-based venture capital firm 500 Global is set to open an office in Egypt and has recently partnered with Information Technology...

500 Global

U.A.E

Fenix Games raises $150 million investment

UAE-based gaming platform Fenix Games, has raised $150 million in investment, led by Phoenix Group and Cypher Capital. Founded in 2022...

Fenix Games Gaming

Egypt

CyberTalents wins Black Hat’s $25,000 prize

Egypt-based cybersecurity platform CyberTalents, has won a $25,000 prize in the Cyberseed Start-Up Global Competition, organised by the...

CyberTalents cybersecurity Black Hat

Global

SWVL slashes over 50 per cent of its workforce, shuts operations in Pakistan

UAE-based mass mobility services provider, SWVL, has laid off over 50 per cent of its staff, in a recent round of layoffs conducted by...

Swvl

U.A.E

More layoffs at SWVL as company risks delisting from NASDAQ

Mirroring its global peers, Egypt-born and UAE-based mass mobility startup SWVL is bracing itself for drastic monetary belt-tightening...

Swvl mobility

Egypt

Flat6labs, Dar Al Handasah, SIAC launch 'Makers' to support contech startups in Egypt

Egypt-based early-stage VC and accelerator Flat6Labs has partnered with construction company SIAC and engineering consultancy Dar Al...

Flat6Labs

Saudi Arabia

Saudi edtech Jeel raises $1.1 million Seed from EdVentures

Saudi Arabia-based edtech for pre-schoolers has raised a $1.1 million Seed round from EdVentures, the VC arm of Egypt-based Nahdet Misr...

Jeel EdVentures EdTech

Egypt

Modus partners with USAID to launch venture builder in Egypt

US-based and Mena-focused VC firm Modus, has partnered with USAID to launch a venture builder (MV Builder II) in Egypt, to build and...

Modus USAID MV Builder II

U.A.E

UAE fintech Qashio raises $10 million Seed to accelerate KSA expansion

UAE-based fintech Qashio, has raised $10 million in a Seed round through a mix of equity and no equity financing. Investors in...

Qashio

Egypt

Grinta raises $8 million Seed round

Egypt-based B2B marketplace Grinta, has raised $8 million Seed funding co-led by Raed Ventures and Nclude, alongside other investors...

Grinta Raed Ventures Nclude

Thought Leadership

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

Thank you