Wamda

Kuwait

COFE App acquires UAE's Sippy Beans

Kuwait-based online coffee marketplace COFE App has announced the acquisition of UAE-based Sippy Beans, as part of the company's...

COFE

Saudi Arabia

Saudi agritech Red Sea Farms expands into US

Saudi Arabia-based agritech Red Sea Farms is expanding to the US, following an investment from US investors AppHarvest and Bonaventure...

agritech Red Sea Farms

U.A.E

$150 million VC fund to boost India-UAE startup ecosystem

HCL Founder and Chairman of Startup Committee FICCI, Dr Ajai Chowdhry has launched an India-UAE VC Fund of $150 million with the aim to...

HCL FICCI India

U.A.E

UAE’s Chimera Capital closes second fund Alpha Wave Ventures II at $10 billion

UAE-based investment firm Chimera Capital has closed its second VC fund Alpha Wave Ventures II at $10 billion, co-managed with...

Chimera Capital Alpha Wave Ventures II

U.A.E

Anghami set for NASDAQ listing as Vistas shareholders approve merger

A merger between Lebanon-founded music streaming startup Anghami and Vistas Media Acquisition Company, a publicly traded special...

anghami SPAC

U.A.E

UAE’s Hamples raises pre-Seed round from Nama Ventures

UAE-based try-before-you-buy e-commerce Hamples has raised pre-Seed funding round for an undisclosed amount by Nama Ventures. Founded ...

Hamples Nama Ventures

Jordan

ISSF invests $1.5 million in Global Ventures

Innovative Startups and SMEs Fund (ISSF) has invested $1.5 million in UAE-based Global Ventures, a venture capital fund that invests in...

ISSF Global Ventures

U.A.E

UAE’s logistics startup Shorages raises $700,000 Seed funding

UAE-based logistics startup Shorages has raised a Seed round of $700,000. Founded in 2019 by Rayan Osseiran, Shorages provides...

Shorages E-commerce Logistics

U.A.E

Proptech Huspy acquires UAE-based Home Matters

UAE-based proptech Huspy has acquired Home Matters, a mortgage consultancy for the UAE and UK markets. The combined...

Proptech huspy

U.A.E

Travel brand as a service platform Dharma launches after raising $3.5 million

UAE-based travel brand as a service startup Dharma has raised $3.5 million led by Convivialite Ventures with additional backing from...

Dharma

U.A.E

Fifteen startups graduate from Microsoft’s GrowthX Accelerator programme

Fifteen startups have graduated from the first cohort of the GrowthX Accelerator programme backed by Microsoft, in partnership with the...

GrowthX Accelerator microsoft ADIO

U.A.E

Startups and SMEs can only grow with access to funding

Ahmed Mohamed Al Naqbi is the chief executive officer of Emirates Development Bank The UAE government is steadfast in its commitment...

funding gap

U.A.E

Gaming platform Zone raises $2.35 million

UAE-based gaming and decentralised finance (gamefi) ecosystem Zone, has raised $2.35 million, from DAO Maker, GSR, Altonomy,...

Zone GameFi

U.A.E

Fitness app Fit On Click raises $1.5 million pre-Series A round

UAE-based fitness startup Fit On Click has closed a $1.5 million pre-Series A funding round led by Arrow Capital. Founded in 2017, by...

Fit On Click ARROW CAPITAL

U.A.E

Verofax raises $1.5 million in pre-Series A round

UAE-based blockchain provider Verofax Limited has raised $1.5 million in its pre-Series A round, led by Benson Oak Ventures, with 500...

Verofax Blockchain

U.A.E

Nice to Meet You raises $1 million Seed

UAE-based digital authentication startup Nice to Meet You (NTMY), has raised a $1 million Seed round to hire new talent and...

Nice to Meet You Digital authentication startups

U.A.E

Digital bank Zand set to launch after Dubai Bank acquisition

The shareholders of Zand, a digital bank that caters to retail and corporate clients, have acquired a majority stake in Dubai Bank...

neobanks Zand

U.A.E

CARS24 raises $300 million Series G round led by Alpha Wave

Abu Dhabi's Alpha Wave has led a $300 million Series G round for India's used cars marketplace CARS24. The round also saw...

CARS24 Alpha Wave

U.A.E

SimpliFi raises $5.1 million in funding to enhance its technology

UAE-based Cards as a Service (CaaS) platform for Mena and Pakistan SimpliFi, has raised $5.1 million in funding, from Global Founders...

SimpliFi CaaS Ra'ed Ventures

U.A.E

Wamda participates in Englease's $3.4 million Seed round

Wamda has participated in UAE-based online English teaching platform Englease.com's $3.4 million Seed round, co-led by US-based...

EdTech Englease

U.A.E

Mindshift Capital doubles fund size

UAE and US-based venture capital firm Mindshift Capital has doubled its fund size attracting new US and Middle East investors to its...

Mindshift Capital

Egypt

UAE’s ADQ to invest in Egypt as part of TSFE deal

Abu Dhabi’s state-owned holding firm ADQ has expanded its services into Egypt, by opening its Cairo office. The opening of...

ADQ Sovereign Fund of Egypt TSFE

U.A.E

MEVP makes partial exit from UK’s Fresha

UAE-based VC MEVP has made a partial exit from its investment in the UK-headquartered beauty app Fresha, with a secondary sale in the...

MEVP Fresha

U.A.E

Chimera Capital closes first VC fund at $75 million

UAE-based Chimera Capital Ltd has closed its first venture capital fund at $75 million, backed by Mubadala Investment Company alongside...

Chimera Capital fund

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