Wamda

Iraq

Iraq’s Orderii raises six-figure pre-Seed round

Iraq-based e-commerce platform Orderii has closed a six-figure pre-Seed round, aided by Iraq Venture Partners (IVP). Founded in 2015...

Orderii Iraq Venture Partners IVP

Egypt

UAE-based X-ERA acquires Egypt’s B2B marketplace SPEED

UAE-based logistics services provider X-ERA, has acquired Egypt’s B2B marketplace SPEED, as part of its international expansion...

SPEED

Saudi Arabia

Saudi Central Bank launches open banking framework

The Saudi Central Bank (SAMA) has issued its open banking framework, a set of legislation, regulatory guidelines and technical standards...

Open banking Fintech

Saudi Arabia

Slide raises $1.75 million pre-Seed round

Saudi Arabia-based SaaS platform Slide has raised $1.75 million in pre-Seed funding from Unifonic's investment arm, UnifonicX, and...

Slide SAAS UnifonicX

Egypt

valU invests in live e-commerce platform Hoods

Egypt-based buy now pay later (BNPL) platform valU, has invested in Hoods, a live e-commerce platform. Hoods was founded by Mostafa...

hoods valu

Saudi Arabia

SVC invests $10 million in Afiyah Fund

Fund-of-funds Saudi Venture Capital (SVC), has invested $10 million in TVM Capital Healthcare’s Afiyah Fund to invest in...

SVC

Saudi Arabia

Saudi Arabia’s Paytabs acquires Digital Pay

Saudi Arabia-based fintech PayTabs, will fully acquire compatriot point of sale (POS) provider Digital Pay, for an unknown...

paytabs Digital Pay

Egypt

B2B marketplace Unlock raises fresh funding

Egypt-based B2B marketplace for professional services UNLOCK, has raised a six-figure round led by UI Investments along with a group of...

Unlock

Saudi Arabia

UAE's Seafood Souq secures $500,000 from FII

UAE-based Seafood Souq, has raised $500,000 from The Future Investment Initiative (FII) Institute. The announcement was made at the...

Seafood Souq

Saudi Arabia

Thatek raises $532,000 for its self-development platform

Saudi Arabia-based self-development platform Thatek, has raised a SAR 2.2 million ($532,000) Seed round through local crowdfunding...

Thatek

Palestine

Ibtikar Fund invests $1.4 million in three startups

Palestine-based VC Ibtikar Fund, has invested $1.4 million in three startups across Mena founded by Palestinians, through its second...

Ibtikar Fund Alma Health Vatrin

U.A.E

Hub71, Modus extend Ventures Lab Programme

Hub71 and Modus will expand their venture programme “Ventures Lab” to include 28 founding teams, which is almost a 65...

Hub71 Modus Ventures Lab

Morocco

Morocco's Spotter raises funds from UM6P

Morocco-based open finance startup Spotter has raised an undisclosed amount of funding from UM6P Ventures. The announcement was made...

UM6P Ventures

U.A.E

invygo raises $10 million Series A round

UAE-based car subscription platform invygo, has raised a $10 million Series A round led by MEVP, with participation from Al Rajhi...

Invygo

Egypt

Money Fellows raises $31 million in first close of Series B

Egypt-based fintech Money Fellows, has finished the first close of its Series B round with a $31 million investment led by...

Money Fellows Fintech CommerzVentures

U.A.E

Hub71 launches platform to expand capital access to startups from regional family offices

Abu Dhabi-based global tech ecosystem Hub71, has launched a new platform that seeks to facilitate access to capital for startups and...

Hub71

United States

Classera raises $40 million Series A round led by Sanabil

US-based and Mena-focused edtech Classera, has raised $40 million in a Series A round, led by Sanabil Investments and joined by Global...

Classera Sanabil Investments EdTech

U.A.E

Data startup Lune raises $850,000 pre-Seed round

UAE-based data startup Lune, has raised $850,000 in a pre-Seed round led by Dubai Future District Fund (DFDF), Flat6Labs, and an...

Lune

U.A.E

EMPG raises $200 million funding, eyeing IPO listing

UAE-based EMPG, which owns dubizzle and Bayut, has raised a $200 million in a round led by US-based Affinity Partners, with new funding...

EMPG Dubizzle Bayut

Saudi Arabia

Saudi Telecom Company commits additional $300 million to VC firm STV

Saudi Telecom Company (STC) has committed an additional $300 million to Saudi venture capital firm STV, on top of an earlier investment...

STC STV Venture Capital

Lebanon

Lebanon’s IM Ventures launches second fund

Lebanon-based VC firm IM Ventures has launched a $12 million fund under the USAID Lebanon Investment Initiative (LII) to support...

IM Ventures Insure and Match Ventures USAID

U.A.E

BitOasis partners with Mastercard to launch crypto-linked cards

UAE-based cryptocurrency trading platform BitOasis, has partnered with Mastercard to launch crypto card programmes. The new...

BitOasis MasterCard crypto

Global

Modus Capital acquires Agile Ventures

US-based Modus Capital has acquired Saudi Arabia-based startup venture builder Agile Ventures. The value of the transaction remains...

Modus Capital

U.A.E

Aliph Capital secures $125 million investment from ADQ

UAE-based private equity firm Aliph Capital has secured a $125 million investment for its maiden fund, Aliph Fund I (LP), from Abu...

Aliph Capital ADQ

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