Wamda

Global

Nuwa Capital leads $1.2 million pre-Seed round for US-based Mascotte Health

UAE-based Nuwa Capital has led a $1.2 million pre-Seed round for US-based Mascotte Health. The round also drew participation from...

Nuwa capital

U.A.E

EDGE Group acquires cybersecurity company OryxLabs

UAE-based advanced technology and defence group EDGE, has acquired OryxLabs, a cybersecurity company based in the UAE for an undisclosed...

Edge OryxLabs cybersecurity

U.A.E

UAE’s Revibe raises $2.3 million to grow its refurbished electronics marketplace

UAE-based refurbished-electronics startup Revibe has raised $2.3 million led by Resonance, and Flat6Labs, with participation from...

Revibe

U.A.E

UAE’s HRtech alfii raises $2.5 million pre-Seed round

UAE-based HRtech startup alfii has raised a pre-Seed funding round of $2.5 million, led by US-based venture capital firm, Preface...

alfii HR solutions HR tech

U.A.E

Logistics provider Transportr closes eight-figure Seed round

UAE-based logistics platform Transportr, has completed an eight-figure Seed funding round by Ittihad Ventures Holding, the VC arm of...

Transportr Logistics freight

Bahrain

UAE’s HashMove raises pre-Series A round led by Bunat Ventures

UAE-based logistics platform HashMove has raised an undisclosed pre-Series A round, led by Bahrain’s Bunat Ventures in...

Bunat Ventures HashMove Logistics

Bahrain

KFED partners with Hope Ventures to expand Beban show in UAE

Khalifa Fund for Enterprise Development (KFED) has partnered with Bahrain-based Hope Ventures to expand its reality television show...

Biban

U.A.E

EDB launches agritech AED100 million lending programme

Emirates Development Bank (EDB) has launched an agritech-focused Dh100 million ($27 million) lending programme, targeting different...

EDB

U.A.E

Instashop acquires B2B wholesale marketplace GroCart

UAE-based q-commerce startup InstaShop has acquired GroCart, a B2B marketplace that connects FMCG retailers with wholesalers. The value...

instashop Grocart

U.A.E

Onex secures $1.2 million pre-seed funding round

UAE-based healthtech Onex has raised $1.2 million in its recent pre-Seed funding round, led by Hambro Perks Oryx Fund with participation...

Onex Oryx Fund healthtech

Global

Nama Ventures invests in Nigerian startups, Messenger and Termii

Saudi Arabia-based Nama Ventures led a pre-Seed round for Nigeria’s logistics startup, Messenger, and participated in a $3.6 million...

Nama Ventures

U.A.E

NymCard acquires Spotii

UAE-based fintech NymCard has acquired Spotii, a buy now pay later startup that was initially acquired by Australia's...

Spotii NymCard Exit

Saudi Arabia

Floranow acquires Saudi Arabia's Bloomax

UAE-based B2B floral marketplace Floranow has fully acquired KSA’s wholesale distributor of fresh-cut flowers Bloomax, with the...

Floranow Bloomax

U.A.E

Tabby closes new round, upsizes debt facility to $350 million

UAE-based fintech Tabby has upsized its debt facility to $350 million after closing a new financing round led by San Francisco-based...

Tabby Fintech BNPL

Global

Running in parallel, the Russian startup ecosystem in Dubai

Four years ago, several Russian diplomats landed in Dubai to open the Russian Centre of Digital Innovation and ICT, a space intended to...

Russia Dubai

U.A.E

Cargoz raises undisclosed bridge round to fuel KSA expansion

UAE-based logistics startup Cargoz has secured an undisclosed bridge funding round from Nama Ventures, RAZ Group and other angel...

Cargoz Nama Ventures RAZ Group

U.A.E

B2B mental health startup Lifemost raises $650,000 pre-Seed round

UAE-based healthtech startup Lifemost has raised a $650,000 pre-Seed funding round from a group of angel investors. Founded in 2022 by...

Lifemost

Kuwait

ZainTech acquires UAE-based Adfolks

UAE-based ZainTech, part of telecoms provider Zain Group, has acquired cloud-native engineering firm, Adfolks. The acquisition is...

ZainTech Adfolks

Jordan

UAE’s EDGE acquires majority stake in MARS Robotics

UAE-based advanced technology and defence group EDGE, has acquired a majority stake (80 per cent) in Jordanian autonomous robotic...

Edge Mars Robotics

U.A.E

Australia’s RTE acquires Galaxy Racer, rebrands new entity as Celestial

Australia-based Riva Technology and Entertainment Limited (RTE), a subsidiary of MSM Corporation International Limited, has fully...

RTE Galaxy Racer GXR

U.A.E

Reef launches $10 million Web3 accelerator programme

UAE-based defi blockchain startup Reef, has launched a $10 million accelerator programme for Web3 projects building on the Reef...

Web3

U.A.E

Silicon Valley’s Plug and Play invests in UAE’s Clara

UAE-based legaltech startup Clara has received an undisclosed investment from Silicon Valley’s innovation platform “Plug and...

Legaltech Clara Plug and Play

U.A.E

UAE-based fintech TWIG raises seven-figure pre-Seed round

UAE-based fintech TWIG has secured an undisclosed pre-Seed round "exceeding $1 million", backed by Phoenician VC, MMK Capital,...

TWIG Fintech DIFC

U.A.E

Belgium’s Deliverect acquires UAE’s ChatFood

Belgium-based food delivery software provider Deliverect has acquired UAE-based foodtech ChatFood, for an unknown amount. Founded in...

Deliverect ChatFood f&b

Thought Leadership

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

Thank you