Wamda

U.A.E

Lune Technologies receives $68,000 investment from Sandooq Al Watan

UAE-based financial analysis app Lune, has raised a $68,000 investment from Sandooq Al Watan to accelerate its growth. Founded in 2020...

Lune Technologies Sandooq Al Watan Financial Analysis

Saudi Arabia

Saudi Spoilz Games closes $692,000 pre-Seed round

Saudi Arabia-based gaming platform Spoilz Games has closed a pre-Seed investment round of $692,000 from angel investors. Founded in...

Spoilz Games Gaming

Regional

Footballco acquires Kooora for $25 million

Footballco, a UK-based digital media company focused on football, has acquired UAE-based online sports content startup Kooora, in a deal...

Kooora

Egypt

Egyptian healthtech Rology closes pre-Series A round

Egypt-based healthtech Rology, has closed a pre-Series A round from Egypt Ventures, Sequence Ventures, Waseel, Tawaref, and Viktoria...

Rology healthtech

Egypt

The startup tackling plastic waste in Egypt through its “reverse vending machine”

As the most populous country in the Middle East, Egypt produces the largest quantity of plastic waste at an average of 5.4 million tonnes...

plastic waste Dawarha Cleantech

Egypt

Egypt’s Pylon raises $19 million Seed round

Egypt-based infrastructure management platform Pylon, has raised $19 million in a Seed funding round comprising equity and debt, led by...

Pylon YCombinator Khawarizmi Ventures

U.A.E

Water sustainability startup Wisewell raises $2 million pre-Seed round

UAE-based water tech startup Wisewell has closed a $2 million pre-Seed funding round, led by BECO Capital, bringing its total funding to...

Wisewell water sustainability BECO Capital

Global

Clara secures investment from The LegalTech Fund as it comes out of beta

Clara, the UK-based legaltech startup and Wamda portfolio company has raised investment from US-based The LegalTech Fund, which...

Clara Legaltech

Egypt

IFC pledges $15 million investment in Algebra Fund II

International Finance Cooperation (IFC), a member of the World Bank Group, has pledged $15 million investment in Algebra Ventures’...

Algebra Fund II Algebra Ventures ifc

U.A.E

DIFC launches venture studio platform to develop fintech in Dubai

Dubai International Financial Centre (DIFC) has announced the launch of a venture studio platform “Studio Launchpad” ...

DIFC Studio Launchpad

Saudi Arabia

Saudi Aramco's Wa'ed invests in WakeCap

Saudi Arabia-based construction technology (contech) startup WakeCap has raised investment from Wa’ed, the Saudi Aramco...

Aramco WakeCap

U.A.E

UAE’s foodtech Right Farm raises $2.8 million Seed round

UAE-based B2B e-grocery platform Right Farm has raised $2.8 million in its Seed funding round, led by DisruptAD and Enhance...

Right Farm foodtech DisruptAD

Egypt

Egyptian edtech Sprints raises $1.2 million Seed round

Egypt-based edtech Sprints has raised $1.2 million in a Seed funding round led by the Alexandria Angels Network as well as members of...

Sprints Alexandria Angels Network EdTech

Saudi Arabia

B2B marketplace Lawazem raises $1.3 million Seed

Saudi Arabia-based B2B marketplace Lawazem has raised $1.3 million in a Seed round, led by Merak Capital, with participation from Merced...

Lawazem

Regional

ESCWA launches e-commerce acceleration programme for Arab SMEs

The United Nations’ ESCWA has launched an e-commerce Acceleration Programme (eCAP) to empower Arab SMEs. The eCAP programme will...

ESCWA E-commerce acceleration

U.A.E

Edtech Qureos raises $3 million pre-Seed round

UAE-based edtech Qureos has raised a $3 million pre-Seed round led by COTU Ventures and Colle Capital with participation from global and...

Qureos COTU Ventures EdTech

Egypt

Saudi GLT Express acquires Egypt’s Gallop Express

Saudi Arabia-based logistics company GLT Express has acquired Gallop Express, an Egyptian logistics startup for an undisclosed...

Gallop Express GLT Express GLT Holdings

Egypt

Egypt’s PIE acquires Exits for unknown amount

Egypt-based Mergers and Acquisitions Advisory Firm PIE has acquired Exits, a regional online marketplace for buying and selling...

PIE exits acquisition

Morocco

WafR raises $278,000 for its reward-based platform

Morocco-based fintech and rewards startup WafR, has raised $278,000 at a $7.5 million valuation in a funding round led by UM6P Ventures,...

WafR

Saudi Arabia

Proptech Gathern closes pre-Series B round

Saudi Arabia-based peer-to-peer rental platform Gathern, has closed its pre-Series B round, led by Shurafa Real Estate Development...

Gathern Proptech Shurafa Real Estate Development

Saudi Arabia

Beauty platform Kaya raises $2.6 million Seed round

Saudi Arabia-based beauty e-commerce platform Kaya, has raised a $2.6 million Seed round from Revival Lab, with participation from...

Kaya cosmetics Beauty

Egypt

O7 Therapy raises $2.1 million Seed round

Egypt-based healthtech O7 Therapy has raised a $2.1 million Seed round, led by Hikma Ventures, with the participation of C-Ventures,...

O7 Therapy Hikma Ventures mental health

Saudi Arabia

Flat6Labs, SVC launch $40 million startup Seed fund in Saudi Arabia

The Saudi Venture Capital Company (SVC) has partnered with Flat6Labs to launch the “Startup Seed Fund” and Flat6Labs Riyadh...

Startup Seed Fund Flat6Labs SVC

Saudi Arabia

SVC invests in Sadu Capital's $27 million B2B-focused fund

Saudi Venture Capital (SVC) has invested in Sadu Capital's $27 million VC fund focused on supporting and nurturing the...

Sadu Capital SVC

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