Wamda

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

Egypt

Former Abbott VP Essam Abdelhady acquires stake in Nawah Scientific

Former Vice President Middle East, Turkey, Africa and Pakistan (METAP) of Abbott Essam Abdelhadi has acquired a stake in Egypt-based...

Nawah Scientific Series A

U.A.E

AlgoDriven secures $2 million in Series A

UAE-based automotive data platform AlgoDriven, has raised $2 million in a Series A round led by Global Ventures. Other investors...

mobility AlgoDriven Global Ventures

U.A.E

Fetchr at risk of liquidation

UAE-based last mile delivery company Fetchr, is at risk of liquidation according to a report from Bloomberg, citing a letter sent...

Fetchr

Egypt

Egypt’s insurtech Amenli raises $2.3 million Seed

Egypt-based insurtech Amenli has raised a $2.3 million Seed round from GFC, P1 Ventures, Liquid2 Ventures, Anim Fund with Costanoa VC,...

Amenli YCombinator

Morocco

Chari.ma raises $5 million Seed round

Morocco-based fintech and B2B e-commerce Chari.ma has raised a $5 million Seed round at a valuation of $70 million, co-led by...

Chari.ma B2B e-commerce

Bahrain

Bahrain’s Al Waha announces new investment in BY Venture Partners

Bahrain’s Al Waha Fund of Funds (Al Waha) has announced a new investment in Mena-based BY Venture Partners (BY) which is targeting...

Al Waha Fund of Funds BY Venture Partners Venture Capital

U.A.E

Wamda co-leads BitOasis $30 Million Series B round

UAE-based cryptocurrency exchange BitOasis has raised $30 million in a Series B round co-led by Wamda and US-based VC Jump...

BitOasis crypto

Regional

Noon.com to raise $2 billion over three to four years

E-commerce platform Noon.com is receiving $2 billion in financing from investors including Saudi Arabia’s sovereign wealth fund...

Noon ecommerce

U.A.E

Seez raises $5 million in pre-Series B

UAE-based automative retail platform Seez has raised $5 million in a pre-Series B round from Nuwa Capital, Crealize, BY Venture...

mobility Seez

Bahrain

Faceki raises pre-Seed round from Nama Ventures

UAE-based digital biometrics platform Faceki has raised an undisclosed pre-Seed round from Nama Ventures. Founded in March 2020 by...

Nama Ventures

Tunisia

Tunisia’s Biware raises $1.2 million Seed round

Tunisia-based data management and analysis startup Biware, has raised $1.2 million (MAD3.5 million) in its Seed funding round from CDC...

Biware CDC Gestion Zitouna Capital

Saudi Arabia

Saudi fitness app Rumbl raises $1.07 million Seed funding

Saudi Arabia-based health and fitness startup Rumbl has raised $1.07 million (SAR4 million) in a Seed funding round led by...

Rumbl fitness Health

Saudi Arabia

Mohtwize receives $507,000 capital investment from Wa’ed

Riyadh-based podcast platform Mohtwize has received $507,000 (SAR1.9 million) venture capital investment from Wa'ed, the...

Mohtwize podcast

U.A.E

Nomad Homes raises $20 million Series A

UAE-based real estate listing platform Nomad Homes, has raised $20 million in a Series A round co-led by 01 Advisors, an investment...

Real Estate Proptech Nomad homes

Jordan

Jordan’s Xina AI raises $ 1 million Seed round

Amman-based AI startup Xina AI has raised $1 million in a Seed round, led by Jordanian angel investors. Founded in August...

Artificial intelligence AI

U.A.E

Workspace booking platform Hotdesk raises $1 million seed round

Dubai-based on-demand workspace booking platform Hotdesk has raised a $1 million seed funding round, led by Virtuzone with participation...

hotdesk workspace Proptech

U.A.E

Cloud Klair acquires UAE-based insurtech Sehteq

US-based cloud computing and SaaS startup Cloud Klair has acquired UAE-based insurtech Sehteq as it looks to...

Cloud Klair Sehteq

U.A.E

Zbooni closes $9.5 million Series A round

UAE-based Zbooni, a social and conversational commerce platform, has closed a second tranche of $4.5 million to bring its total Series A...

Zbooni social commerce

Egypt

AFIIP announces winning financial inclusion innovators for 2021

Egypt-based fintech Stryve, which offers unbanked businesses financial products, has won first place at the Arab Financial...

AFIIP Stryve Ahmini

Egypt

ITIDA, Plug and Play sign agreement to boost Egyptian tech ecosystem

Egypt’s Information Technology Industry Development Agency (ITIDA) and US-based venture capital (VC) Plug and Play have entered...

Plug and Play ITIDA

Tunisia

Flat6Labs announces second close of Tunisia Seed Fund

Flat6Labs has announced the second close and increase of its Tunisia-based Anava Seed Fund (ASF) from $3 million to $10 million....

Flat6Labs Sawari Ventures

Morocco

Moroccan freight startup Cloud Fret raises $390,000 investment

Morocco-based logistics startup Cloud Fret has received MAD3.5 million ($390,000) from Azur Innovation Fund, marking the fund’s...

Cloud Fret freight north africa

Egypt

Blockchain platform Pravica raises investment from Crypto Valley VC

Cairo-based blockchain startup Pravica has raised an undisclosed direct investment from the Swiss venture capital firm and...

Pravica Blockchain Security

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