Wamda

Saudi Arabia

Wa’ed pledges $5.9 million to support Saudi entrepreneurs in Yanbu roadshow

Wa’ed, the entrepreneurship arm of Saudi Arabia’s Aramco, has doubled down its financial support to Saudi-based startups,...

Aramco Wa'ed entreprenership

Egypt

Fawry acquires minority stake in Brimore

Egypt-based financial technology firm Fawry has acquired a minority stake in social commerce platform Brimore, at a value of...

fawry Brimore

Morocco

Moroccan healthtech DataPathology raises $223,000

Casablanca-based healthtech DataPathology has raised $223,000 in its latest funding round led by WitamaxOne, which is jointly backed by...

DataPathology healthtech

Egypt

Egyptian marketplace Shiphaly raises six-figure investment

Cairo-based startup Shiphaly has raised an undisclosed six-figure round, led by Faisal Abdulsalam, the founder of Purity, with the...

Shiphaly marketplace

U.A.E

New tourism incubator KUBE Ventures launches in UAE

UAE-based Michael Levie and David Keen have together launched KUBE Ventures, a hospitality and tourism-focused incubator. The KUBE...

KUBE Ventures Tourism

Egypt

Contactcars acquires auto auctions platform Sa3ar

Egypt-based automotive marketplace Contactcars.com, a subsidiary of Contact Financial Holding, has acquired Sa3ar Technology...

Car dealership ContactCars

Egypt

Cartona completes $4.5 million pre-Series A round led by Global Ventures

Egypt-based B2B platform Cartona has raised $4.5 million in a pre-Series A round led by Global Ventures, with participation from Kepple...

b2b B2B e-commerce Cartona

U.A.E

Joi Gifts raises $2.5 million Series A

E-commerce platform Joi Gifts has raised $2.5 million in a Series A round, led by Dubai-based VC Knuru Capital, alongside MENA Moonshots...

joi gifts E-commerce

Iraq

Iraq’s Miswag raises $1.6 million pre-Series A

Iraq-based B2C marketplace Miswag, has raised $1.6 million in a pre-Series A round. This funding closely follows its six-figure...

Miswag E-commerce marketplace

Global

500 Startups closes $140 million fund, rebrands to 500 Global

US-based venture capital firm 500 Startups has closed its largest fund to date at $140 million and has rebranded to 500 Global. The...

500 Global 500 startups

Egypt

Egyptian healthtech Sotech raises $1 million pre-Seed round

Egypt-based healthtech and internet of things (IoT) startup Sotech has raised $1 million in a pre-Seed funding round led by Innlife...

Sotech healthtech

U.A.E

Supy raises $1.5 million pre-Seed round

UAE-based startup Supy has raised $1.5 million in pre-Seed funding, co-led by UAE-based investor COTU Ventures and US-based Valia...

Supy COTU Ventures Valia Ventures

U.A.E

ElKaso raises $2.1 million pre-Seed round

UAE-based B2B marketplace Elkaso has raised $2.1 million in its pre-Seed round, led by Global Founders...

Elkaso B2B e-commerce

Saudi Arabia

Saudi's Unifonic raises $125 million Series B from Softbank and Sanabil

Saudi Arabia-based engagement platform Unifonic has raised a $125 million Series B round led by Softbank Vision Fund 2 and...

Unifonic Softbank

U.A.E

NB Ventures invests in CRM solutions provider Yegertek

Dubai-based CRM solutions provider Yegertek has received an undisclosed amount of funding from NB Ventures. Founded in 2017 by...

NB Ventures Yegertek

U.A.E

Enhance Fitness app raises $3 million Series A

Dubai-based fitness app Enhance Fitness has closed a $3 million Series A round from Global Ventures. Founded in 2018 by Tarek...

Enhance Fitness Sport

Bahrain

Bahrain’s Investcorp acquires British fintech MIR Limited

Bahrain-based Investcorp Technology Partners (ITP) has acquired all of the business and assets of UK-based fintech MIR Limited, for an...

Investcorp MIR Limited Fintech

Egypt

B2B e-commerce Capiter raises $33 million Series A

Cairo-based B2B e-commerce startup Capiter has raised $33 million Series A, co-led by Quona Capital and MSA Capital alongside additional...

Capiter B2B e-commerce

Egypt

Egyptian fintech Kashat raises $1.75 million Bridge round

Egypt-based fintech Kashat has raised $1.75 million in a Bridge funding round, led by Launch Africa, with the participation of several...

Kashat Fintech financial inclusion

U.A.E

Koala Picks raises $408,000 to fuel expansion

UAE-based health snack brand Koala Picks, has raised AED1.5 million ($408,000) in its first external round of funding led by friends and...

foodtech Healthy food and snacks Koala Picks

U.A.E

Stillfront acquires UAE’s Jawaker for $205 million

UAE-based gaming startup Jawaker has been acquired by Sweden-based Stillfront Group for a total of $205 million on a cash and debt-free...

Jawaker stillfront group Gaming

Egypt

Egypt’s super app MNT-Halan raises $120 million

Egypt-based super app and Wamda portfolio startup MNT-Halan has raised $120 million from major global and regional growth investors:...

MNT-Halan Fintech

U.A.E

Healthtech KLAIM secures $1.6 million pre-series A round

UAE-based healthtech KLAIM has secured $1.6 million funding in a pre-series A round, led by Mad’a Investments, with participation...

KLAIM healthtech

Saudi Arabia

TruKKer acquires Pakistan’s freight startup TruckSher

Saudi Arabia-based freight network TruKKer has acquired Pakistani startup TruckSher for an undisclosed amount. Founded in 2016 by...

Trukker TruckSher

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