Wamda

Saudi Arabia

Zid raises $7 million Series A funding

Saudi Arabia-based e-commerce enablement platform Zid, has raised $7 million (SAR 26 million) in a Series A funding round, led by Global...

Zid ecommerce enablement Series A

Saudi Arabia

Wamda participates in Hala’s $6.5 million Series A round

Wamda has invested in Saudi Arabia-based fintech Hala, participating in its $6.5 million Series A round. Other investors in the round...

Hala Fintech wamda

Saudi Arabia

Bonat raises Seed investment led by Impact46

Saudi Arabia-based customer engagement platform, Bonat, has raised its Seed investment round, led by Impact46 with participation from Saudi...

Bonat Impact46

Saudi Arabia

Wafeer closes pre-Seed funding round led by Nama Ventures

Saudi-Arabia based fintech startup Wafeer, has raised an undisclosed amount in a pre-Seed funding round led by Nama Ventures, with...

Wafeer Fintech pre-Seed

Bahrain

Dtec, OQAL sign MoU to develop startup ecosystem in GCC

Dubai Technology Entrepreneur Campus (Dtec), has entered into a memorandum of understanding (MoU) with Saudi Arabia-based OQAL Angel...

Oqal dtec GCC

Saudi Arabia

Fastcoo and Tracking merge in $720,000 deal

Saudi-Arabia based software company Fastcoo, and Tracking, a GPS tracking system, have merged in a deal valued at SAR 2.7 million...

Fastcoo Saudi Arabia Tracking

Saudi Arabia

Lendo raises $7.2 million in Series A

Saudi Arabia-based Shari’ah compliant fintech startup Lendo, has raised a $7.2 million Series A funding round (SAR 27 million), led...

Lendo Series A SME lending

Regional

How Covid-19 unlocked the adoption of e-commerce in the Mena region

Wamda, in partnership with MIT Legatum Entrepreneurship Center, will be hosting an online panel to launch a report on ‘How...

Saudi Arabia

Postage raises Seed funding from Wa'ed

Saudi Arabia-based last-mile logistics startup Postage, has secured Seed funding from Wa’ed, Saudi Aramco’s Entrepreneurship...

Logistics Last mile

Qatar

Joi Gifts looks to Series A round after raising $750,000 this year

UAE-based e-commerce gifting platform, Joi Gifts has expanded to Qatar, its eighth country after raising $750,000 in a pre-Series A funding...

joi gifts qatar doha

Saudi Arabia

Sanar raises Seed funding from Impact46

Saudi Arabia-based healthtech app Sanar, has raised an undisclosed Seed round led by Impact46. Launched in 2019, the online healthcare...

Saudi Arabia app Health

Saudi Arabia

Alhokair and ACC acquire majority stake in UK's Vogacloset

Saudi Arabia-based retailer Alhokair and mall operator Arabian Centres Company (ACC) have come together to acquire a combined 51 per cent...

E-commerce Vogacloset

Saudi Arabia

Hazen.ai secures follow-on funding from Wa’ed

Saudi Arabia-based Hazen.ai, has received a follow-on investment from Wa’ed, the entrepreneurship arm of Aramco. The startup received...

Hazen.ai Traffic system Follow on funding

Global

KAUST invests $3.5 million in Estonia's Natufia Labs

Source: The Spoon Natufia Labs, the Estonia-based automated kitchen garden startup, announced today that it is relocating to Saudi...

KAUST Natufia Labs foodtech

Saudi Arabia

VoM secures $670,000 pre-Seed round

Saudi Arabia-based cloud accounting and e-invoicing platform VoM has closed a pre-Seed investment round of SAR2.5 million ($670,000). The...

Investment VoM Financial management

Saudi Arabia

Savola Group establishes CVC arm with two investments

Saudi Arabia-based food and retail conglomerate Savola Group has established a corporate venture capital (CVC) arm and has completed two...

foodtech Last mile egrocery

Saudi Arabia

Raqamyah raises $2.3 million investment

Saudi-based fintech peer-to-peer (P2P) lending platform, Raqamyah, has secured a $2.3 million investment round led by Impact46 with...

Fintech Investment Impact46

Saudi Arabia

Averos receives follow-on funding from Wa’ed Ventures

Saudi Arabia-based Averos, has secured a follow-up investment from Wa’ed Ventures, the entrepreneurship arm of oil giant...

Averos Follow on funding Wa'ed

Saudi Arabia

Azom raises $9.5 million Series A

Saudi Arabia-based B2B electronics marketplace Azom, has raised a $9.5 million (SAR 36 million) Series A funding round from Assr...

Assraljawal Azom Electronics marketplaces

Egypt

FOODICS raises $20 million in Series B

Saudi Arabia-based food and beverage (F&B) retail and restaurant management platform FOODICS, has raised $20 million in a Series B...

Foodics Sanabil Investments STV

Saudi Arabia

Telgani: Partnering for profit in Saudi’s mobility sector

In countries that lack a robust public transport infrastructure, car ownership and renting tend to dominate. Over the past couple of years,...

Telgani mobility

Saudi Arabia

GetMuv raises $500,000 bridge investment

Saudi Arabia-based health and fitness app GetMuv, has raised a $500,000 (SAR 1.8 million) bridge round from the entrepreneurship arm of...

GetMuv health and fitness bridge investment

Saudi Arabia

Ynmo raises $500,000 seed

Saudi Arabia-based education technology (edtech) platform Ynmo, has raised a $500,000 seed round from the entrepreneurship investment arm...

Ynmo EdTech SAAS

Saudi Arabia

Hakbah app raises $1.2 million seed

Saudi Arabia-based financial technology (fintech) startup Hakbah, has raised $1.2 million (SAR 4.5 million) in its seed round. Founded...

Hakbah ROSCA financial inclusion

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