Wamda

U.A.E

NewTribe Capital invests $5 million in NEAR Protocol

UAE-based VC fund NewTribe Capital has invested $5 million in the San Francisco-based blockchain platform NEAR Protocol. Founded in...

NEAR Protocol NewTribe Capital

U.A.E

Spades launches in UAE after raising $2.5 million

UAE-based fintech Spades, has raised $2.5 million in investment from European angel investors, including Thibaud Elzière, Eduardo...

Spades Dine-in Payment

U.A.E

BNPL Cashew raises $10 million investment from Mashreq

UAE-based fintech Cashew has received a $10 million investment from UAE’s Mashreq, the Dubai bank controlled by the Al Ghurair...

Cashew Mashreq

Egypt

Paymob raises $50 million Series B round

Egypt-based fintech Paymob has raised $50 million in Series B funding, led by Kora Capital, PayPal Ventures, and Clay...

Paymob Fintech Kora Capital

U.A.E

Fine Diner raises $150,000 in Seed round

UAE-based foodtech Fine Diner has raised $150,000 in Seed funding from angel investors. Founded in 2019 by Sami Elayan, Saed...

foodtech cloud kitchen

Saudi Arabia

Saudi logistics startup Mkhdoom raises $1.1 million

Press release: Saudi Arabia-based logistics provider, Mkhdoom, has secured $1.1 million (SAR 4 million) in a Seed round led by Aljabr...

Logistics

Global

SWVL acquires UK's Zeelo for $100 million

Dubai-based mobility startup SWVL, has acquired UK-based B2B smart buses operator startup Zeelo, in a deal valued at $100 million. This...

Swvl

Saudi Arabia

Saudi discount platform Remmsh raises funding from Nama Ventures

Saudi Arabia-based discount code platform Remmsh, has raised pre-Seed funding from Nama Ventures. The amount raised was not...

Nama Ventures

U.A.E

Dubai launches $100 million debt fund to finance startups

Dubai has launched a Dh370 million ($100.7 million) VC debt fund to finance startups and fuel their global expansion. The Venture Debt...

venture debt fund Dubai DIFC

Jordan

Repzo raises $1.4 million Bridge round

Jordan-based SaaS platform Repzo, has raised a $1.4 million bridge round, led by the Arab Palestinian Investment Company...

repzo SAAS

U.A.E

Joi Gifts closes $1 million pre-Series B round

UAE-based e-commerce gifting platform Joi Gifts, has raised $1 million in pre-Series B funding from Panthera Capital and other regional...

joi gifts

Saudi Arabia

Endeavor launches report on state of Saudi startup ecosystem

A report published by Endeavor Saudi Arabia highlights the rapid growth of the country's startup sector. Riyadh’s tech...

Endeavor Mapping The Riyadh Tech Sector

Regional

SWVL acquires Turkish B2B mobility startup Volt Lines

Dubai-based mobility startup SWVL, has acquired Turkey-based B2B mobility startup Volt Lines. Founded in 2017 by Aly Halabi, Volt...

Swvl

Saudi Arabia

Red Sea Farms raises additional $18.5 million to fuel expansion plans

Saudi Arabia-based agritech Red Sea Farms has raised an additional $18.5 million co-led by Wa’ed, the venture capital arm of Saudi...

Red Sea Farms agritech

U.A.E

UAE fintech zenda raises $9.4 million Seed to accelerate India expansion plans

UAE-based fintech zenda, has raised $9.4 million in a Seed round from STV, COTU, Global Founders Capital, and...

Fintech zenda

Regional

Retailo acquires UAE's DXBUY

Saudi Arabia-based B2B marketplace Retailo has acquired UAE-based DXBUY for an undisclosed amount. The acquisition is part of...

Retailo DXBUY

Saudi Arabia

KAUST launches innovation fund

The King Abdullah University of Science and Technology (KAUST) has launched a VC fund to invest in seed level deeptech...

KAUST KAUST Innovation Fund

U.A.E

Millennial Brands raises $35 million growth round

UAE-based direct-to-consumer (D2C) platform Millennial Brands, has raised $35 million in growth funding led by Global Emerging Markets...

Millennial Brands Global Emerging Markets Group E-commerce

U.A.E

Careem expands its focus to financial services

Careem is shifting its focus from ride-hailing to financial services, in a move that will position the super app as a key fintech...

careem Fintech Careem Pay

Regional

FOODICS raises $170 million Series C round for expansion

FOODICS, a Saudi Arabia-based fintech and foodtech platform, has raised $170 million in a Series C round, co-led by Prosus and Sanabil...

Foodics

U.A.E

UAE issues new visas for entrepreneurs and investors

The UAE cabinet has approved new regulations regarding the entry and residence of foreigners, in an attempt to attract and retain global...

Federal Decree-Law

Egypt

UAE’s QiDZ app receives investment from CASF

UAE-based entertainment marketplace QiDZ, has raised investment from the Cairo Angels Syndicate Fund (CASF). The amount raised was not...

QiDZ CASF Cairo Angels Syndicate Fund

Egypt

The Food Lab raises $4.5 million pre-Seed round

Egypt-based cloud kitchen operator The Food Lab, has raised $4.5 million in a pre-Seed round, co-led by Nuwa Capital, Shorooq Partners...

The food Lab

Morocco

Morocco’s Nessiam secures $306,000 investment

Morocco-based lingerie e-commerce site Nessiam, has secured a $306,000 investment from CDG Invest, the CDG Group’s investment arm,...

Nessiam 212 Founders programme CDG Invest

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