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INVESTMENTS & NEWS

US-Based VC Fund P1 Ventures Completes $25M Close of Its Second Fund

27 Sep 2023
The VC fund focuses on African companies building transformational business in fintech, e-commerce, healthtech, SaaS and AI. [...]
Canadian Adtech Group ClearPier Acquires UAE’s MQuest for $35 Million

Canadian Adtech Group ClearPier Acquires UAE’s MQuest for $35 Million

27 Sep 2023
The deal is part of Clearpier’s recent acquisition spree, which began with its May 2022 acquisition of PubPlus for $60 million. [...]
UAE-Based E-Sports Startup Fanzword Secures $1.2 Million Pre-Seed

UAE-Based E-Sports Startup Fanzword Secures $1.2 Million Pre-Seed

26 Sep 2023
Fanzword’s virtual stadium allows football fans to follow their teams whilst earning rewards. [...]
San Francisco-Based AI Startup Writer Raises $100 Million

San Francisco-Based AI Startup Writer Raises $100 Million

21 Sep 2023
The US-based AI was founded by Lebanese-American entrepreneur May Habib and Syrian software developer, Waseem Alshikh. [...]
UAE-Based Zero Carbon Ventures Closes $5 Million Seed Round

UAE-Based Zero Carbon Ventures Closes $5 Million Seed Round

21 Sep 2023
The company has also appointed His Highness Sheikh Ahmed bin Mana bin Khalifa Al Maktoum as a strategic investor and chairman. [...]
Digital Assets Startup Fuze Raises $14 Million Seed Round

Digital Assets Startup Fuze Raises $14 Million Seed Round

21 Sep 2023
This record-breaking seed round is the largest seed investment in a digital assets startup in the MENA region. [...]
DIEZ Partners With MIT to Launch Accelerator for Cleantech Startups

DIEZ Partners With MIT to Launch Accelerator for Cleantech Startups

16 Sep 2023
The MIT DesignX Dubai Accelerator will provide startups that devise solutions for environmental challenges with guidance and support from Massachusetts Institute of Technology. [...]
Saudi Wa’ed Venture Co-Leads $52M Series B for 3D Printed Home Startup

Saudi Wa’ed Venture Co-Leads $52M Series B for 3D Printed Home Startup

14 Sep 2023
US-based 3D-printed home startup Mighty Buildings has secured $52 million in a Series B funding round led by Saudi Arabia's Wa'ed Ventures, the venture capital arm of oil giant Saudi Aramco. [...]
Saudi Venture Capital Invests $5 Million to Back Fintech Startups

Saudi Venture Capital Invests $5 Million to Back Fintech Startups

12 Sep 2023
The investment is set to transform the venture capital ecosystem for early-stage fintech startups in the Kingdom. [...]
KSA-Based Foodtech Startup Barakah Raises $1.5 Million Seed Round

KSA-Based Foodtech Startup Barakah Raises $1.5 Million Seed Round

11 Sep 2023
Barakah’s app helps turn unsold food into business opportunities by allowing customers to purchase fresh food surplus. [...]
UAE-Based Web3 Gaming Platform GAM3S.GG Raises $2 Million Seed Round

UAE-Based Web3 Gaming Platform GAM3S.GG Raises $2 Million Seed Round

10 Sep 2023
With the funding GAM3S.GG hopes to scale its superapp, and reach 100 million users through its platform and content. [...]
UAE-Based Fintech myZoi Raises $14M From SC Ventures & SBI Holdings

UAE-Based Fintech myZoi Raises $14M From SC Ventures & SBI Holdings

07 Sep 2023
myZoi promotes the financial inclusion and digital literacy of the unbanked through customised financial services. [...]
Egyptian Digital Home and Décor Brand ariika Secures Series A Round

Egyptian Digital Home and Décor Brand ariika Secures Series A Round

06 Sep 2023
ariika has closed its Series A round backed by Beltone Venture Capital’s acquisition of 20% stake in the company to accelerate expansion to Saudi Arabia. [...]
Small Businesses in Saudi Arabia Will No Longer Be Audited

Small Businesses in Saudi Arabia Will No Longer Be Audited

04 Sep 2023
Small and micro businesses with annual revenues below SAR 10 million are now exempt from auditing requirements. [...]
Saudi Software Startup Rewaa Closes USD 27 Million Series A Round

Saudi Software Startup Rewaa Closes USD 27 Million Series A Round

30 Aug 2023
With the new funds, Rewaa aims to provide retailers with technical solutions to facilitate inventory, sales and payments. [...]
BitOasis Receives Funds From India’s Largest Cryptocurrency Exchange

BitOasis Receives Funds From India’s Largest Cryptocurrency Exchange

29 Aug 2023
The UAE-based cryptocurrency exchange platform has received an undisclosed investment from CoinDCX. [...]
Egypt Financial Authority Introduces Rules to Ease Startup Financing

Egypt Financial Authority Introduces Rules to Ease Startup Financing

27 Aug 2023
The new regulations seek to ease roadblocks faced by fledgling businesses, from seed funding to post-investor exit strategies. [...]
Iveda Teams Up With AOI to Introduce 5G Smart Cities to Egypt

Iveda Teams Up With AOI to Introduce 5G Smart Cities to Egypt

26 Aug 2023
The partnership is poised to play a pivotal role in the Egypt government's plan to establish 38 smart cities across the nation. [...]
Islamic Coin Announces Token Sale & Appoints Republic As Web3 Advisor

Islamic Coin Announces Token Sale & Appoints Republic As Web3 Advisor

25 Aug 2023
Islamic Coin offers Muslim investors a shariah-compliant cryptocurrency option. [...]
UAE-based Maxbyte Receives $5 Million Investment From e& capital

UAE-based Maxbyte Receives $5 Million Investment From e& capital

24 Aug 2023
The funding aims to further expand Maxbyte’s growth across different locations and industries. [...]
Saudi-based Traveltech Startup FlyAkeed Raises $15.2M Series A Round

Saudi-based Traveltech Startup FlyAkeed Raises $15.2M Series A Round

23 Aug 2023
Saudi based traveltech startup raises $15 million in its A Round [...]
Saudi Arabia Launches $200M Fund to Strengthen Scientific Research

Saudi Arabia Launches $200M Fund to Strengthen Scientific Research

22 Aug 2023
200 The fund is part of a greater strategy to develop the research capabilities of the King Abdullah University of Science and Technology. [...]
Jordan’s ISSF Commits $1.5M to Saudi-Based Sadu Capital’s VC Fund

Jordan’s ISSF Commits $1.5M to Saudi-Based Sadu Capital’s VC Fund

19 Aug 2023
The fund will empower technology startups and SMEs across the MENA region including in Jordan, Egypt, Saudi Arabia and the UAE. [...]
Dubai-Based Tech Startup Lumi AI Closes First Round of Funding

Dubai-Based Tech Startup Lumi AI Closes First Round of Funding

19 Aug 2023
The funding will enable the business intelligence company to expand its reach in the field of AI-powered data analysis. [...]
Saudi-Based Energy Capital Group Closes First Fund of $150 Million

Saudi-Based Energy Capital Group Closes First Fund of $150 Million

18 Aug 2023
200 The fund aims to further the industrial development plans of Saudi Arabia as well as the Gulf Cooperation Council. [...]
Palestinian & Diaspora Angel Investors Launch 'Peleset Angels' Network

Palestinian & Diaspora Angel Investors Launch 'Peleset Angels' Network

16 Aug 2023
Peleset Angels is an early-stage angel investor network dedicated to supporting Palestinian startups. [...]
Egyptian E-Payment Platform Fawry Will Launch Digital Bank in 2023

Egyptian E-Payment Platform Fawry Will Launch Digital Bank in 2023

15 Aug 2023
The digital bank will provide a wide range of financial services, including savings, investments, payments and consumer lending. [...]
UAE-Based LVL Wellbeing Raises $10 Million in Series A Round

UAE-Based LVL Wellbeing Raises $10 Million in Series A Round

03 Aug 2023
The corporate wellness platform will use the funding to develop service capabilities and expand worldwide. [...]
UAE-Based Healthtech UDENZ Raises $5 Million Series A Round

UAE-Based Healthtech UDENZ Raises $5 Million Series A Round

02 Aug 2023
The funds raised will be used to offer Dental Ultra Platform Services free of charge to over 50,000 dentists across the MENA region. [...]
UAE’s G42 & Silicon Valley’s Cerebras Systems Sign $100 Million Deal

UAE’s G42 & Silicon Valley’s Cerebras Systems Sign $100 Million Deal

25 Jul 2023
The deal will see the development of a series of AI supercomputers, as startups attempt to challenge market leader Nvidia. [...]
UAE-Based YallaHub Raises $6 Million in Pre-Series A Round

UAE-Based YallaHub Raises $6 Million in Pre-Series A Round

19 Jul 2023
The funds will be used to improve the IT platform and expand the network of partner marketplaces in the GCC region. [...]
UAE Mobility Startup ONE MOTO Technologies Secures $40M Investment

UAE Mobility Startup ONE MOTO Technologies Secures $40M Investment

18 Jul 2023
The funding is set to accelerate the leasing of electric delivery vehicles across the UAE. [...]
Egyptian Cashless Payments App Flash Raises $6 Million in Seed Round

Egyptian Cashless Payments App Flash Raises $6 Million in Seed Round

17 Jul 2023
The fresh injection of funds will be used to support Flash's cashless payment solutions expansion. [...]
UAE-Based Agthia Group Launches $54M CVC Fund for Foodtech Startups

UAE-Based Agthia Group Launches $54M CVC Fund for Foodtech Startups

13 Jul 2023
The fund's investment focus is broad, targeting startups involved in snacks and beverages, alternative proteins, and more. [...]
Saudi Arabia-Based Foodtech Kaso Raises $10.5 Million in Seed Round

Saudi Arabia-Based Foodtech Kaso Raises $10.5 Million in Seed Round

13 Jul 2023
Kaso intends to transition the industry from traditional methods to a more streamlined and technology-driven ecosystem. [...]
CBE Issues Regulations for Licensing of Digital Banks

CBE Issues Regulations for Licensing of Digital Banks

13 Jul 2023
he move comes as part of Egypt's efforts to promote financial inclusion and modernise its banking sector. [...]
Seamless North Africa Brings the Future of Fintech to New Cairo

Seamless North Africa Brings the Future of Fintech to New Cairo

12 Jul 2023
Hosted by the Central Bank of Egypt, the conference will bring the largest names in the financial industry to Egypt International Exhibition Center from July 17th to the 18th. [...]
UAE’s Healthtech Startup Alma Health Raises $10 Million Series A Roun

UAE’s Healthtech Startup Alma Health Raises $10 Million Series A Roun

12 Jul 2023
Alma Health plans to use the funding to accelerate its growth in Saudi Arabia, enter new markets, and continue to hire talent. [...]
Shariah-Compliant Cryptocurrency ‘Islamic Coin’ Secures $200 Million

Shariah-Compliant Cryptocurrency ‘Islamic Coin’ Secures $200 Million

09 Jul 2023
This latest investment into Islamic Coin represents one of the largest fundraisings in the history of the crypto space. [...]
DMZ Cairo & EBank Launch FinTech Bootcamp for Early-Stage Startups

DMZ Cairo & EBank Launch FinTech Bootcamp for Early-Stage Startups

03 Jul 2023
The six-week programme offers expert guidance, networking opportunities and hands-on support to promising entrepreneurs. [...]
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Week Month Year

US-Based VC Fund P1 Ventures Completes $25M Close of Its Second Fund

The VC fund focuses on African companies building transformational business in fintech, e-commerce, healthtech, SaaS and AI. [...]

Canadian Adtech Group ClearPier Acquires UAE’s MQuest for $35 Million

The deal is part of Clearpier’s recent acquisition spree, which began with its May 2022 acquisition of PubPlus for $60 million. [...]

Egyptian Fintech Services Provider valU Will Expand to Jordan in 2024

This move follows valU's acquisition of Paynas, a company providing financial services to micro to medium enterprises in Egypt. [...]

Egyptian Digital Home and Décor Brand ariika Secures Series A Round

ariika has closed its Series A round backed by Beltone Venture Capital’s acquisition of 20% stake in the company to accelerate expansion to [...]

UAE-Based Zero Carbon Ventures Closes $5 Million Seed Round

The company has also appointed His Highness Sheikh Ahmed bin Mana bin Khalifa Al Maktoum as a strategic investor and chairman. [...]

Kuwait Fintech Startup Kem Raises $1 Million Pre-Seed

Kem offers instant payment services through its digital application, facilitating secure money transfers via QR codes. [...]

How UAE Agritech Graze-it is Disrupting the Food Value Chain in MENA

By supplying companies with “feed as a service”, Graze-it aims to reduce reliance on imported feed stock and cut over 35% of carbon [...]

Startups Bringing New Life to Waste in the MENA Region

As sustainability becomes a priority for governments and businesses in the Middle East, startups are coming up with innovative solutions to [...]

Entrepreneur & Mentor Dina El Mofty Launches Business Bootcamp

Injaz founder, Dina El Mofty, launched a Business Bootcamp to support entrepreneurs in developing a growth mindset. [...]

Women’s Career Conference ‘Carerha Summit’ Launches in Downtown Cairo

Scheduled to take place in the GrEEK Campus, the one-day summit looks to help women achieve an ideal work-life balance. [...]

How Educational Platform Playbook is Closing the Gender Gap

Bahraini entrepreneur Wafa Al Obaidat has always played by her own rules. Now she’s created a ‘Playbook’ for women across the region… [...]

Interview with ‘What I Did Next’ Creators Malak Fouad & Chirag Desai

Journalist Malak Fouad and entrepreneur Chirag Desai take a turn in the hot seat in this exclusive interview. [...]

How to Put Together a Stellar Team for Your Startup

Here's what to consider when building a team that will allow you to set up a solid foundation for any startup to grow. [...]

US-Based VC Fund P1 Ventures Completes $25M Close of Its Second Fund

The VC fund focuses on African companies building transformational business in fintech, e-commerce, healthtech, SaaS and AI. [...]

Canadian Adtech Group ClearPier Acquires UAE’s MQuest for $35 Million

The deal is part of Clearpier’s recent acquisition spree, which began with its May 2022 acquisition of PubPlus for $60 million. [...]

Egyptian Fintech Services Provider valU Will Expand to Jordan in 2024

This move follows valU's acquisition of Paynas, a company providing financial services to micro to medium enterprises in Egypt. [...]

Egyptian Fintech Services Provider valU Will Expand to Jordan in 2024

This move follows valU's acquisition of Paynas, a company providing financial services to micro to medium enterprises in Egypt. [...]

US-Based VC Fund P1 Ventures Completes $25M Close of Its Second Fund

The VC fund focuses on African companies building transformational business in fintech, e-commerce, healthtech, SaaS and AI. [...]

Canadian Adtech Group ClearPier Acquires UAE’s MQuest for $35 Million

The deal is part of Clearpier’s recent acquisition spree, which began with its May 2022 acquisition of PubPlus for $60 million. [...]

UAE-Based E-Sports Startup Fanzword Secures $1.2 Million Pre-Seed

Fanzword’s virtual stadium allows football fans to follow their teams whilst earning rewards. [...]

How UAE Agritech Graze-it is Disrupting the Food Value Chain in MENA

By supplying companies with “feed as a service”, Graze-it aims to reduce reliance on imported feed stock and cut over 35% of carbon [...]

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