Wamda

Egypt

EFG Hermes' Tanmeyah acquires B2B marketplace Fatura

Egypt-based Tanmeyah for Microfinance Services, a subsidiary of EFG Hermes Holding, has acquired Fatura, a provider of B2B e-commerce...

Fatura

Morocco

Digital staffing platform Jobop raises $1 million Seed round

Morocco-based Jobop has raised a $1 million Seed round, led by Azur Innovation Fund, with participation from Plug and Play, and business...

Jodop

Saudi Arabia

Wa'ed leads $50 million Series B round for US-based fintech startup Wahed

Wa’ed, Saudi Aramco’s Entrepreneurship Centre, has led a $50 million Series B round for US-based fintech app Wahed, which...

Wa'ed Wahed

Egypt

Egypt's Boyot raises fresh funding to digitise real estate payments

Egypt-based Boyot has raised a pre-Seed round from a Kuwait-based real estate firm. Founded in 2020 by Mahmoud El Sabongy (CEO) and...

Boyot

Qatar

Qatari fintech CWallet raises $875,000 pre-Series A round

Qatar-based fintech CWallet has raised $875,000 in a pre-Series A round led by MBK Holding with participation from Angels.qa, and other...

cwallet MBK Holding W.L.L

Egypt

Egypt’s Khazenly raises $2.5 million Seed round

Egypt-based logistics platform Khazenly, has fundraised a $2.5 million Seed round, co-led by Arzan Venture Capital and Shorooq Partners,...

Khazenly Arzan Venture Capital Shorooq Partners

U.A.E

Cartlow secures $18 million Series A round

UAE-based "reverse logistics" provider Cartlow, has raised an $18 million Series A round, led by Saudi investment firm...

Cartlow AlSulaiman Group Reverse Logistics

Kuwait

Saudi Jadwa acquires majority stake in Kuwait’s Dabdoob

Saudi Arabia-based Jadwa Investment has acquired 70 per cent of Kuwaiti company Dabdoob Holdings, marking Jadwa’s first regional...

Jadwa Investment Dabdoob

Jordan

Tamatem expands to China after securing investment from MSA Novo

Jordan-based mobile games publisher Tamatem, is expanding to China after securing an investment and strategic partnership with MSA Novo,...

tamatem china MSA Novo

Egypt

The Cairo Angels invests in Nigerian fintech CredPal

Egypt-based VC fund The Cairo Angels Syndicate Fund (CASF) has invested an unknown amount in the Nigerian fintech CredPal, which is...

CredPal Cairo Angles CASF

Egypt

Petcare provider Vetwork raises Bridge round

Egypt-based petcare platform Vetwork has raised a Bridge round from several investors from Saudi Arabia and members of the Alexandria...

Vetwork Alexandria Angel Network

U.A.E

KOI Ride raises $3 million investment round

UAE-based B2B ride-hailing services startup KOI Ride has closed a $3 million round with investment from CEG Invest and Taurus Wealth...

KOI Ride ride-hailing

Egypt

DXwand raises $1 million pre-Series A round

Egypt-based AI startup DXwand has closed a pre-Series A investment round of $1 million, led by Huashan Capital, US-based VC firm SOSV,...

DXwand AI Huashan Capital

Global

Chari acquires Ivory Coast startup Diago

Morocco-based B2B e-commerce and fintech startup Chari, has acquired Diago, an Ivorian app that connects local shops to FMCG producers...

Chari

Tunisia

GOMYCODE raises $8 million Series A round with participation from Wamda

Wamda has invested in Tunisia-based edtech GOMYCODE’s $8 million Series A round, led by France’s Proparco and AfricaInvest...

GoMyCode

Egypt

ADVA secures six-figure Seed round from Sawari Ventures

Egypt-based fintech ADVA has raised an undisclosed "six-digit figure" Seed round from Sawari Ventures. Founded in 2020 by...

ADVA

U.A.E

Dukkantek expands to six new markets

UAE-based store management platform Dukkantek, has expanded to six additional markets besides the UAE, including Kuwait, Qatar, Bahrain,...

Dukkantek

Jordan

ADQ and Jordan’s Ministry of Digital Economy and Entrepreneurship launch $100 million tech fund

Abu Dhabi’s ADQ has launched a $100 million tech-focused venture capital fund with the Ministry of Digital Economy and...

investment fund

Regional

Mena startups raised $176 million in May, lowest amount so far in 2022

Startups in the Middle East and North Africa region (Mena) raised $176 million in May 2022 across 42 deals, a decline of 40 per cent...

investments

Global

Kuwait’s AlMuhlab leads Gamiphy’s $1.5 million pre-Series A round

Kuwait-based Al Muhalab VC has led a $1.5 million pre-Series A round for Palestine-born and US-headquartered SaaS startup Gamiphy. The...

Gamiphy

U.A.E

UAE fintech NymCard raises $22.5 million

UAE-based Banking as-a-Service (BaaS) provider NymCard, has raised $22.5 million in a venture round, led by DisruptAD, Reciprocal...

NymCard DisruptAD Baas

U.A.E

Majid Al Futtaim launches new accelerator to support regional SMEs

UAE-based retail group Majid Al Futtaim and AstroLabs have launched Majid Al Futtaim Launchpad, an accelerator programme that aims to...

Majid Al Futtaim Astrolabs accelerator

Iraq

Lebanese delivery app toters raises $18 million Series B round

Lebanon-based super app toters, has raised $18 million in a Series B round from International Finance Corporation (IFC), March...

toters ifc

Egypt

Egypt’s Nice Deer raises $1 million pre-Seed round

Egypt-based insurtech Nice Deer has raised a $1 million pre-Seed funding round led by DisrupTech Ventures. Founded in early 2022 by...

Nice Deer Insurtech healthtech

Thought Leadership

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

Thank you