Wamda

Egypt

Egypt’s fashion marketplace TFK closes $2.6 million Seed round

Egypt-based fashion marketplace The Fashion Kingdom (TFK), has raised a $2.6 million Seed funding round, co-led by CVentures and A15,...

TFK The Fashion Kingdom Cventures

Egypt

Creative Dock acquires FoundersLane, plans to invest €100 million in Mena startups

Berlin-based corporate venture builder FoundersLane, which was recently acquired by Creative Dock Group (CDG), has expanded its operations...

FoundersLane MNT-Halan

Egypt

Egypt’s Cartona raises $12 million Series A round

Egypt-based B2B e-commerce platform Cartona, has closed its $12 million Series A fundraise led by Silicon Badia, with the participation...

Cartona silicon badia

U.A.E

UAE’s Qstay closes $6.5 million Seed round

UAE-based hospitality platform Qstay, has closed a debt and equity Seed round of $6.5 million. Founded in 2020 by Artur Khayrullin,...

Qstay hospitality Rental

Egypt

FMO announces $10 million commitment to Algebra Fund II

FMO, the Dutch entrepreneurial development bank, has pledged a $10 commitment to Algebra’s second fund. The agreement was signed...

FMO Algebra Fund II

Egypt

Mohamed El-Sewedy acquires Magma via Averroes Ventures

Egypt-based Magma, a manufacturer of sportswear, has been fully acquired by its incumbent CEO Mohamed El-Sewedy via venture capital firm...

Magma

Sudan

Sudanese fintech Bloom raises $6.5 million Seed round

Sudan-based fintech Bloom, has raised a $6.5 million Seed round from Visa, Y Combinator, US-based VCs Global Founders Capital (GFC) and...

Bloom Fintech Visa

Palestine

Palestinian e-commerce Modesta raises six-figure Seed round

Palestine-based fashion marketplace Modesta has raised a six-figure Seed round led by 500 Startups, with the participation of the...

Modesta E-commerce

Tunisia

Pan-African CAIF fund closes at $112.8 million

Tunisia-based multi-asset investment platform AfricInvest and US-based VC firm Cathay Innovation, have completed the final close of...

CAIF Cathay AfricInvest Innovation Fund AfricInvest

Egypt

Stllr Network raises six-figure investment round

Egypt-based Stllr Network has closed a six-figure investment from 500 Global and angel investors through Women Spark and Falak...

Stllr Network Falak Angels 500 Global

Iraq

Iraqi e-commerce Orisdi raises new investment

Iraq-based Orisdi, an online marketplace, has raised a new investment round led by returning investors such as Al Sharqiya TV, Mohamed...

Orisdi

U.A.E

DeFi platform ZKX raises $4.5 million Seed round

UAE-based DeFi platform ZKX has raised $4.5 million in Seed funding from StarkWare, Alameda Research, Amber Group, Huobi and...

ZKX DeFi StarkWare

Morocco

Morocco’s SmartProf receives $50,000 from Plug and Play, UM6P

Morocco-based edtech Smartprof has secured $50,000 in funding after graduating from the Mohammed VI Polytechnic University (UM6P) Startgate...

SmartProf

Jordan

Flat6Labs invests in seven Jordanian startups

Flat6Labs has announced that it will invest $115,000 each in seven startups through the Jordan Seed Fund (JSF), as part of the second...

Jordan Seed fund Flat6Labs

U.A.E

Omooma raises $2.5 million for its mother-centric content platform

UAE-based female health Arabic content platform Omooma, has raised $2.5 million from E20 Investment LTD. Co-founded by Romain...

Omooma

Tunisia

Anava fund of funds invests $5.2 million in Silicon Badia’s BIF2

Tunisia-based Smart Capital, the manager of the Anava fund of funds, has invested $5.2 million in the Badia Impact Squared Fund (BIF2),...

Anava silicon badia

Global

SWVL expands to Mexico with Urbvan acquisition

UAE-based mobility services provider SWVL has acquired Urbvan, a Mexico-based mass mobility startup. Founded in 2016 by Renato Picard...

Urbvan Swvl

Morocco

Aza Petrosolutions raises $296,000 from Maroc Numeric Fund II

Morocco-based startup Aza Petrolsolutions (formerly Aza Petroleum), has raised MAD 3 million ($296,000) in a fresh funding round from...

Aza petrosolutions

U.A.E

Proptech houza raises $5.5 million pre-Series A round

UAE-based proptech houza, has raised $5.5 million in a pre-Series A round from Emirati real estate agencies. Founded in 2020 by...

houza Proptech

Tunisia

Tunisia’s Paymee raises six-figure round led by P1 Ventures

Tunisia-based fintech Paymee, has closed a six-figure funding round led by P1 Ventures. Founded in 2018 by Marwen Amamou, Paymee...

Paymee P1 Ventures Fintech

U.A.E

Web design tech startup Bhatia raises $400,000

UAE-based design tech startup Bhatia, has raised $400,000 in a Seed round led by Eureeca Holdings. Founded in 2019 by Dushyant...

Bhatia

Egypt

MNT-Halan closes $150 million securitised bond issuance

Tasaheel, a wholly-owned subsidiary of Egypt-based fintech superapp MNT-Halan, has closed a securitised bond issuance of $150 million,...

Halan Tasaheel

U.A.E

UAE's LYVE acquires majority stake in Jeebly

UAE-based B2B logistics platform LYVE, has acquired a majority stake in Jeebly, a last-mile logistics provider based in the...

Jeebly Lyve

U.A.E

Supy raises $8 million Seed round

UAE-based B2B food marketplace Supy, has raised $8 million in a Seed round led by BECO Capital with participation from Valia Ventures,...

Supy BECO Capital

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