Wamda

U.A.E

Morningstar Ventures invests $15 million in blockchain technology in Dubai

UAE-based accelerator Morningstar Ventures has announced a $15 million investment into Elrond related initiatives to provide strategic...

Morningstar Ventures Elrond cryptocurrency

Regional

Four Mena startups receive Village Capital’s Sustainability Mena 2021 investment

Four startups have won $20,000 each as part of Sustainability Mena 2021, a three-month investment readiness programme run by Village...

Village Capital Sustainability Mena 2021

Egypt

Sequence Ventures launches $31 million deeptech fund

Venture capital firm Sequence Ventures has launched a new EGP500 million ($31 million) fund dubbed Egypt Deep-Tech. The fund plans to...

Sequence Ventures deeptech VC

Egypt

Egypt’s Efreshli raises $550,000 Seed round

Cairo-based online interior design platform Efreshli has raised a $550,000 Seed round, led by angel investor Tarek Sakr and property...

Efreshli interior design

Saudi Arabia

Saee plans IPO on Nomu

Saudi Arabia-based last-mile delivery startup Saee is planning to offer an initial public offering (IPO) next year on Nomu, Saudi...

Saee Last-mile delivery Nmou

U.A.E

Fintech Galaxy closes $2 million Seed funding

UAE-based Fintech Galaxy has raised $2 million in a Seed funding round, led by Jordan’s Ahli Fintech and joined by Raz Holding...

Fintech Galaxy Fintech

Regional

Azimut, GELLIFY launch joint $50 million VC fund to support B2B Mena startups

The Italian management group Azimut (ME) Limited ADGM, in partnership with GELLIFY Middle East is launching a VC fund targeting a fund...

Azimut GELLIFY VC

U.A.E

MBRSC launches Space Ventures to support space-focused startups

The Mohammed Bin Rashid Space Centre (MBRSC) has announced the launch of Space Ventures, a launchpad for global and regional startups in...

Space Venture

Jordan

Jordan’s Bloom raises pre-Seed investment

Jordan-based e-commerce platform Bloom has raised its first angel investment after two months of graduating from the pre-Seed...

Bloom e--commerce

Saudi Arabia

Express Wash, Dealcom raise funding via Scopeer

Saudi Arabia-based on-demand auto wash services provider Express Wash, and B2B procurement-to-pay (P2P) and marketplace Dealcom have raised...

b2b Dealcom Scopeer

Saudi Arabia

Uber, Careem face $100 million tax bill in KSA

Uber and its Dubai-based subsidiary Careem are facing a combined tax bill worth $100 million imposed by the Saudi authorities according...

Uber careem Fetcher

Saudi Arabia

Saudi Arabia telehealth Cura closes $4 million Series A

Saudi Arabia-based telehealth startup Cura has closed SAR15 million ($4 million) Series A investment from ELM and Wa'ed (the...

Cura Wa'ed ELM

Egypt

Contech startup Elmawkaa raises six-figure Seed round

Cairo-based construction technology (contech) startup Elmawkaa has raised a six-figure Seed round, led by Flat6labs and joined by a...

Elmawkaa Construction

Egypt

Fintech Galaxy, GIZ launch accelerator programme for startups in Egypt, Jordan

UAE-based Fintech Galaxy has partnered with the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) to launch a new...

GIZ Fintech Galaxy

Egypt

B2B marketplace Talabeyah raises seven-figure pre-Seed

Cairo-based B2B F&B platform Talabeyah has raised a seven-figure pre-Seed round from strategic angel investors. Founded in July...

Talabeyah b2b

Saudi Arabia

Khwarizmi Ventures announces first close of sector-agnostic fund

Saudi Arabia-based venture capital fund, Khwarizmi Ventures, has announced the first closing of its fund at $63 million. The VC,...

Khwarizmi Ventures

Saudi Arabia

UAE-based cloud kitchen kaykroo expands operations into Saudi Arabia

UAE-based cloud kitchen kaykroo has expanded its services to Riyadh in Saudi Arabia. Launched in September 2020 by Jihad El-Eit and...

kaykroo foodtech cloud kitchen

Iraq

Iraqi e-commerce platform Orisdi signs six-figure deal with Al Sharqiya TV

Iraq-based e-commerce site has signed a six-figure deal with Al Sharqiya TV Group, facilitated through the Iraqi Angel Investors Network...

Orisdi E-commerce

U.A.E

STEPPI raises $1.8 million, partners with Embody Fitness

UAE-based health and corporate wellness platform STEPPI has raised $1.8 million in its latest funding round, led...

Steppi fitness and wellness

Egypt

Fawry invests in Sudan-based classifieds marketplace alsoug.com

Fawry, Egypt’s leading provider of e-payments solutions and digital banking services, has acquired a minority stake in Sudan-based...

fawry Alsoug

Egypt

GBarena raises six-figure pre-Series A funding

Cairo-based esports and tournaments platform GBarena has raised a six-figure pre-Series A funding round, led by angel investors Ahmed...

Gbarena Gaming

Saudi Arabia

Saudi Arabia’s OTO raises $3 million Seed funding

Saudi Arabia-based SaaS startup OTO has raised a $3 million Seed round from MEVP & Derayah Capital. Founded in 2019 by...

OTO SAAS Shipping

Saudi Arabia

Foodtech Siwar raises $7.5 million Series A round led by Seera Group

Saudi Arabia-based food tech startup Siwar has raised SR28 million ($7.45 million) in a Series A round, led by travel and tourism...

Siwar Seera group

Tunisia

Q-commerce app Lamma raises funding from Orange Ventures

Tunisia-based last-mile delivery Lamma has raised fresh investment from Orange Ventures. The amount raised is undisclosed. Founded by...

Lamma Orange Digital Ventures

Thought Leadership

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

Thank you