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INVESTMENTS & NEWS

Saudi Healthtech Platform Aumet Raises $7 Million Pre-Series A

27 Mar 2023
The new fund will be used to develop Aumet's AI capabilities and expand its reach to more pharmacies across the region. [...]
Tamara Raises $150 Million Debt Financing From Goldman Sachs

Tamara Raises $150 Million Debt Financing From Goldman Sachs

26 Mar 2023
Tamara is a buy now pay later startup that acts as a commerce enabler for more than 15,000 partner merchants across Saudi Arabia, Bahrain, Kuwait and the UAE. [...]
Flat6Labs Launches $95 Million VC Fund to Support Startups in Africa

Flat6Labs Launches $95 Million VC Fund to Support Startups in Africa

15 Mar 2023
The region’s biggest VC firm, Flat6Labs, sets off on its most expansive foray into the investment of African startups. [...]
Kuwait-Based Edtech Baims Raises $4 Million Series A

Kuwait-Based Edtech Baims Raises $4 Million Series A

09 Mar 2023
The new fund will help accelerate the development of Baims' platform with new educational content and services. [...]
Saudi VC Firm Emkan Launches $31 Million for Early-Stage Startups

Saudi VC Firm Emkan Launches $31 Million for Early-Stage Startups

06 Mar 2023
Emkan Capital’s ECP I will focus on pre-seed and seed-stage investments in high-growth potential technology startups across the MENA region. [...]
Rise Up Summit Reveals Line Up of Global Speakers

Rise Up Summit Reveals Line Up of Global Speakers

05 Mar 2023
From pioneers at Google to creatives at Disney, these speakers will take over Rise Up Summit at the Grand Egyptian Museum. [...]
Bahrain's Procural Raises $1.2 Million Seed Round

Bahrain's Procural Raises $1.2 Million Seed Round

05 Mar 2023
Bahrain’s cutting-edge procurement solutions startup just secured a million dollar investment from Canada’s BenchMatrix. [...]
Saudi Fintech Company Amwal Tech Raises $2.5M in Pre-Seed Round

Saudi Fintech Company Amwal Tech Raises $2.5M in Pre-Seed Round

03 Mar 2023
Saudi fintech company Anwal Tech aims to revive authentication and authorization within payment markets in the Middle East. [...]
Saudi-Based CTRL AI Launches a Revolutionary AI-Powered Business Tools

Saudi-Based CTRL AI Launches a Revolutionary AI-Powered Business Tools

28 Feb 2023
Available in both English and Arabic, this powerful suite of AI tools hails a new era of optimisation for business tasks. [...]
Saudi PropTech Company Munjz Raises $5 Million in Series A Round

Saudi PropTech Company Munjz Raises $5 Million in Series A Round

27 Feb 2023
Recently transformed PropTech SaaS company, Munjz, will use the funds to further expand its services across Saudi Arabia. [...]
Bahraini Logistics Platform Parcel Raises $1M During 'Beban' TV Show

Bahraini Logistics Platform Parcel Raises $1M During 'Beban' TV Show

26 Feb 2023
The investment raised will contribute towards the startup’s regional expansion plans to KSA and Kuwait. [...]
Former DHL Express CEO Ken Allen Joins Bosta’s Board of Directors

Former DHL Express CEO Ken Allen Joins Bosta’s Board of Directors

24 Feb 2023
The industry veteran also invested an undisclosed amount into the Egyptian logistics startup. [...]
8X Ventures to Invest $20 Million in Cleantech Startups in MENA

8X Ventures to Invest $20 Million in Cleantech Startups in MENA

20 Feb 2023
The VC firm aims to enable the expansion of one-third of the startups in its portfolio into the Middle East. [...]
Saudi’s Mobility Startup Telgani Raises $6 Million in Series A Round

Saudi’s Mobility Startup Telgani Raises $6 Million in Series A Round

16 Feb 2023
The startup will use the new funding to expand its car rental services in Saudi Arabia, and offer more transportation solutions. [...]
UAE’s Digital Gifting Site YOUGotAGift Raises $3 Million in Funding

UAE’s Digital Gifting Site YOUGotAGift Raises $3 Million in Funding

16 Feb 2023
The new funding will support the startup’s expansion in Saudi Arabia and across the Middle East. [...]
Morocco’s Food Tech Startup Terraa Raises $1.5 Million Pre-Seed

Morocco’s Food Tech Startup Terraa Raises $1.5 Million Pre-Seed

15 Feb 2023
The new funding will be used to strengthen the startup’s logistics infrastructure, grow the team, and expand across the country [...]
Saudi’s Online Marketplace Noon Acquires UAE’s Fashion Platform Namshi

Saudi’s Online Marketplace Noon Acquires UAE’s Fashion Platform Namshi

14 Feb 2023
The acquisition aims to expand Noon’s products and services across the region. [...]
Flat6Labs Launches $20 Million Seed Fund in Saudi Arabia

Flat6Labs Launches $20 Million Seed Fund in Saudi Arabia

13 Feb 2023
The fund will be used to invest in early stage startups operating in technology and innovative sectors in Saudi Arabia. [...]
Egypt Raised $517 Million in VC Funding in 2022

Egypt Raised $517 Million in VC Funding in 2022

13 Feb 2023
Egypt’s VC Funding rose 3% compared to 2021. [...]
Saudi Arabian VC Firm IMPACT46 Launches $133 Million Fund

Saudi Arabian VC Firm IMPACT46 Launches $133 Million Fund

12 Feb 2023
The fund will invest in fintech, e-commerce and SaaS startups in Saudi Arabia and across the MENA region. [...]
Saudi Car Services Startup Carefer Raises $2.9M Pre-Series A Round

Saudi Car Services Startup Carefer Raises $2.9M Pre-Series A Round

11 Feb 2023
The new funding will be used to expand the startup’s operations across The Kingdom and further enhance its operations. [...]
Bahrain’s Fintech Startup Aion Digital Raises $5 Million Bridge Round

Bahrain’s Fintech Startup Aion Digital Raises $5 Million Bridge Round

10 Feb 2023
The new funding will be used to headquarter the startup in Saudi Arabia and expand across the GCC [...]
Who’s Speaking at the 4th Startup Without Borders Summit this Weekend

Who’s Speaking at the 4th Startup Without Borders Summit this Weekend

09 Feb 2023
These 12 speakers will help illuminate the rapidly changing entrepreneurial ecosystem at the 4th SWB Summit. [...]
Egyptian HealthTech Startup Yodawy Raises $16M in Series B Round

Egyptian HealthTech Startup Yodawy Raises $16M in Series B Round

09 Feb 2023
The new funding will be used to expand across the Middle East and Africa. [...]
Saudi Arabian Firm STV Launches $150 Million Total Growth Platform

Saudi Arabian Firm STV Launches $150 Million Total Growth Platform

09 Feb 2023
The platform aims to accelerate the growth of technology companies in the region through equity and debt funding. [...]
Kuwait’s Gift Delivery Platform Floward Raises $156M in Series C Round

Kuwait’s Gift Delivery Platform Floward Raises $156M in Series C Round

08 Feb 2023
The new funds will be used to launch the startup’s new merger and acquisition strategy of expanding its gifting verticals. [...]
Saudi’s Grocery Platform Nana Raises $133 Million in Series C Round

Saudi’s Grocery Platform Nana Raises $133 Million in Series C Round

08 Feb 2023
The new funding will be used to expand Nana’s services in Saudi Arabia and across the region. [...]
Saudi’s HR Tech Platform Palm.hr Raises $5 Million in Pre-Series A Rou

Saudi’s HR Tech Platform Palm.hr Raises $5 Million in Pre-Series A Rou

08 Feb 2023
The new investment will enable palm.hr to expand to Egypt and the UAE, while doubling down on its presence in Saudi Arabia. [...]
Concord International Plans $40M Healthcare Investment Firm in Egypt

Concord International Plans $40M Healthcare Investment Firm in Egypt

07 Feb 2023
The funding will be raised in the second half of 2023, during funding rounds from local and global institutions. [...]
Egyptian Adtech Startup Gameball Raises $3.5 Million in Seed Round

Egyptian Adtech Startup Gameball Raises $3.5 Million in Seed Round

07 Feb 2023
The new funding will be used to expand the startup to Saudi Arabia, Germany and the UK. [...]
Paymob Partners With Khazna to Expand Digital Finances in Egypt

Paymob Partners With Khazna to Expand Digital Finances in Egypt

07 Feb 2023
The partnership will enable over 170,000 SME merchants to manage and grow their business in Egypt. [...]
Saudi Arabia Hosts Second Edition of Global Tech Summit LEAP

Saudi Arabia Hosts Second Edition of Global Tech Summit LEAP

06 Feb 2023
The event will see more than 100,000 tech innovators, disruptors and leading experts from around the world. [...]
Saudi Lithium Startup Lihytech Raises $6 Million in Funding

Saudi Lithium Startup Lihytech Raises $6 Million in Funding

06 Feb 2023
The new investment will be used to build a pilot startup facility to extract lithium from the Red Sea. [...]
Saudi PIF Partners With AeroFarms to Build Vertical Farms Across MENA

Saudi PIF Partners With AeroFarms to Build Vertical Farms Across MENA

04 Feb 2023
The first farm will be built in Saudi Arabia, and it is expected to be the largest indoor vertical farm in the region. [...]
Paymob Partners with Egypt’s Khazenly to Digitise Businesses

Paymob Partners with Egypt’s Khazenly to Digitise Businesses

02 Feb 2023
To date, the startup serves 170,000 merchants in the MENAP region. [...]
Saudi F&B Startup Lugmety Expands Its Service Across the MENA Region

Saudi F&B Startup Lugmety Expands Its Service Across the MENA Region

02 Feb 2023
Since its founding, the startup has raised $6 million from Saudi investors and at a $20 million post-money valuation. [...]
Egypt’s Fintech Startup MNT-Halan Valued at $1B After $400M Investment

Egypt’s Fintech Startup MNT-Halan Valued at $1B After $400M Investment

01 Feb 2023
Last year, MNT-Halan raised $120 million from private equity firms. [...]
Egypt Ranks Third in Venture Debt Funding in MENA

Egypt Ranks Third in Venture Debt Funding in MENA

31 Jan 2023
It received a total of $88 million in debt funding from 2018 to 2022 [...]
Egypt’s Startups Record $517 Million in Funding in 2022

Egypt’s Startups Record $517 Million in Funding in 2022

30 Jan 2023
The Arab world’s most populous country also ranked first across the region in terms of deals. [...]
Swvl Backtracks on Its Acquisition of Turkey’s Volt Lines

Swvl Backtracks on Its Acquisition of Turkey’s Volt Lines

30 Jan 2023
Although the acquisition was valued at $40 million, Swvl is only obligated to pay $5 million to Volt Lines. [...]
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Week Month Year

Naviatx’s Hamzeh Ghosheh on Creating Safer Roads From Palestine

StartupScene spotlights Palestinian entrepreneur Hamzeh Ghosheh as part of our 'Entrepreneurship Without Borders’ series. [...]

From Waste to Wardrobe: A Push for Circular Models in Egyptian Fashion

A generation of Egyptian entrepreneurs seeks to break the paradigm by embracing ‘circular’ fashion and product design. [...]

Tamara Raises $150 Million Debt Financing From Goldman Sachs

Tamara is a buy now pay later startup that acts as a commerce enabler for more than 15,000 partner merchants across Saudi Arabia, Bahrain, [...]

Saudi Healthtech Platform Aumet Raises $7 Million Pre-Series A

The new fund will be used to develop Aumet's AI capabilities and expand its reach to more pharmacies across the region. [...]

7 Homegrown Brands That Will Upgrade Your Treasured Office Seat

These office furniture designers will ensure you’ll spend the majority of your waking hours feeling comfortable. [...]

Rise Up Summit Reveals Line Up of Global Speakers

From pioneers at Google to creatives at Disney, these speakers will take over Rise Up Summit at the Grand Egyptian Museum. [...]

Saudi VC Firm Emkan Launches $31 Million for Early-Stage Startups

Emkan Capital’s ECP I will focus on pre-seed and seed-stage investments in high-growth potential technology startups across the MENA [...]

Bahrain's Procural Raises $1.2 Million Seed Round

Bahrain’s cutting-edge procurement solutions startup just secured a million dollar investment from Canada’s BenchMatrix. [...]

Kuwait-Based Edtech Baims Raises $4 Million Series A

The new fund will help accelerate the development of Baims' platform with new educational content and services. [...]

Egypt Chosen Among Six African Nations to Host Unicorn Group Incubator

The Lagos-based Unicorn Group is seeking nnovative ideas, startups and early-stage companies in tech and tech-enabled sectors. [...]

UAE’s MBRIF Opens Applications for Latest Innovation Accelerator

Since launching in 2018, some of the programme’s notable alumni have include Rizek, Sarwa and Hawa Water. [...]

She Strikes: The New Platform Empowering Egyptian Women in Business

Launched by Cairo-based Creative Industries Summit, the first cycle strikes on May 24th, bringing together experts and gurus from across [...]

How Pure Harvest is Addressing the Region’s Food Security Challenges

In this exclusive interview, May El Habachi speaks to CEO Sky Kurtz about the company’s rise and raise, and how they're leading the charge [...]

The Real Deal With General Partner at Algebra Ventures Laila Hassan

Laila Hassan, General Partner at Algebra Ventures and Venture Partner at 500 Startups MENA, shares how blindingly bright success stories [...]

Naviatx’s Hamzeh Ghosheh on Creating Safer Roads From Palestine

StartupScene spotlights Palestinian entrepreneur Hamzeh Ghosheh as part of our 'Entrepreneurship Without Borders’ series. [...]

From Waste to Wardrobe: A Push for Circular Models in Egyptian Fashion

A generation of Egyptian entrepreneurs seeks to break the paradigm by embracing ‘circular’ fashion and product design. [...]

Tamara Raises $150 Million Debt Financing From Goldman Sachs

Tamara is a buy now pay later startup that acts as a commerce enabler for more than 15,000 partner merchants across Saudi Arabia, Bahrain, [...]

Saudi Healthtech Platform Aumet Raises $7 Million Pre-Series A

The new fund will be used to develop Aumet's AI capabilities and expand its reach to more pharmacies across the region. [...]

Saudi Healthtech Platform Aumet Raises $7 Million Pre-Series A

The new fund will be used to develop Aumet's AI capabilities and expand its reach to more pharmacies across the region. [...]

Tamara Raises $150 Million Debt Financing From Goldman Sachs

Tamara is a buy now pay later startup that acts as a commerce enabler for more than 15,000 partner merchants across Saudi Arabia, Bahrain, [...]

From Waste to Wardrobe: A Push for Circular Models in Egyptian Fashion

A generation of Egyptian entrepreneurs seeks to break the paradigm by embracing ‘circular’ fashion and product design. [...]

Naviatx’s Hamzeh Ghosheh on Creating Safer Roads From Palestine

StartupScene spotlights Palestinian entrepreneur Hamzeh Ghosheh as part of our 'Entrepreneurship Without Borders’ series. [...]

Flat6Labs Launches $95 Million VC Fund to Support Startups in Africa

The region’s biggest VC firm, Flat6Labs, sets off on its most expansive foray into the investment of African startups. [...]

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