Wamda

U.A.E

Cartlow secures $18 million Series A round

UAE-based "reverse logistics" provider Cartlow, has raised an $18 million Series A round, led by Saudi investment firm...

Cartlow AlSulaiman Group Reverse Logistics

U.A.E

SmartCrowd raises $3 million bridge round

UAE-based real estate crowdfunding platform SmartCrowd, has raised a $3 million bridge round led by Mad’a Investment Company, with...

SmartCrowd

U.A.E

KOI Ride raises $3 million investment round

UAE-based B2B ride-hailing services startup KOI Ride has closed a $3 million round with investment from CEG Invest and Taurus Wealth...

KOI Ride ride-hailing

U.A.E

Dukkantek expands to six new markets

UAE-based store management platform Dukkantek, has expanded to six additional markets besides the UAE, including Kuwait, Qatar, Bahrain,...

Dukkantek

Jordan

ADQ and Jordan’s Ministry of Digital Economy and Entrepreneurship launch $100 million tech fund

Abu Dhabi’s ADQ has launched a $100 million tech-focused venture capital fund with the Ministry of Digital Economy and...

investment fund

U.A.E

UAE fintech NymCard raises $22.5 million

UAE-based Banking as-a-Service (BaaS) provider NymCard, has raised $22.5 million in a venture round, led by DisruptAD, Reciprocal...

NymCard DisruptAD Baas

U.A.E

Majid Al Futtaim launches new accelerator to support regional SMEs

UAE-based retail group Majid Al Futtaim and AstroLabs have launched Majid Al Futtaim Launchpad, an accelerator programme that aims to...

Majid Al Futtaim Astrolabs accelerator

U.A.E

Dirwaza Curatorial Lab launches microfund for creative access

UAE-based incubator Dirwaza Curatorial Lab has launched The Dirwaza Microfund for Creative Access targeting creative practitioners in...

Dirwaza Curatorial Lab Microfund

U.A.E

Pure Harvest Smart Farms acquires BayWa's interest in agritech venture

UAE-based agritech Pure Harvest Smart Farms is forming an alliance with Al Dahra Group by acquiring BaWa’s controlling interest...

Pure Harvest Smart Farms agritech acquisition

Egypt

Grubtech expands to Egypt

UAE-headquartered foodtech startup Grubtech, has announced its expansion to Egypt, planning to invest $5 million into operations over...

GrubTech

U.A.E

UAE’s Alpha Waves invests in India’s Cuemath

UAE-based Alpha Wave has invested in Indian edtech Cuemath, as part of its recent fundraising estimate at $57 million, alongside other...

Cuemath Alpha Wave

U.A.E

UAE’s Augustus Media acquires CamPlus Sports

UAE-based Augustus Media has acquired CamPlus Sports, the Dubai-based sports system integrator, that portrays live matches and on-demand...

Augustus Media CamPlus

U.A.E

UAE’s Cypher Capital invests in Spain’s Iomob

Dubai-based blockchain-focused VC firm Cypher Capital, has invested in Spain-based decentralised marketplace, Iomob. Founded in 2018...

Cypher Capital Iomob

Global

SWVL to lay off 32 per cent of its workforce, expects to turn profitable in 2023

Egypt-born and Dubai-headquartered mobility startup SWVL, announced plans to reduce its workforce by 32 per cent. The planned layoffs...

Swvl

U.A.E

In conversation with Alfred Chuang

Wamda and the Dubai Future Foundation are excited to host Alfred Chuang, General Partner at Silicon Valley-based Race Capital in an...

Dubai Future Foundation

U.A.E

Crypto edtech Coinmarketpedia raises $2 million pre-Seed round

UAE-based decentralised crypto and blockchain educational platform Coinmarketpedia, has raised $2 million in a pre-Seed round. The...

Coinmarketpedia Cryptocurrencies Blockchain

U.A.E

Cypher Capital invests $5 million in Ocean Protocol

UAE-based VC Cypher Capital, has set up an ecosystem fund together with Ocean Protocol to which it will be allocating $5 million to...

Cypher Capital

U.A.E

Ogram raises $3 million Series A round

UAE-based recruiting platform Ogram has announced a $3 million Series A funding round, led by Modus Capital and Aditum Investment...

Ogram Modus Capital recruitement

U.A.E

KRUSH Brands raises $4.5 million for its virtual restaurant marketplace Locale

Locale, the UAE-based online marketplace for virtual restaurants built by cloud kitchen platform KRUSH Brands has raised $4.5 million...

foodtech cloud kitchen KRUSH Brands

U.A.E

Alpha Dhabi to invest $2.5 billion in Alpha Wave Ventures II fund

UAE-based investment company Alpha Dhabi Holding PJSC has made a Dh9.2 billion ($2.5 billion) commitment to invest in Chimera Capital...

Alpha Dhabi Chimera Capital Alpha Wave Ventures II

U.A.E

Pemo raises $12 million Seed round

UAE-based fintech Pemo has raised a $12 million Seed round, co-led by Cherry Ventures and Shorooq Partners, with participation from...

Pemo Fintech MENAP

U.A.E

NorthLadder raises $10 million in a convertible note

UAE-based marketplace NorthLadder has raised a $10 million convertible note, led by CE-Ventures, with supporting investment from BECO...

NorthLadder CE-Ventures marketplace

U.A.E

The controversial and unsustainable nature of food delivery

Over the past few weeks, delivery drivers for both Deliveroo and Talabat in Dubai have refused to turn up for their shifts, demanding...

Food delivery

Regional

Kitopi raises $300 million Series C round extension

UAE-based cloud kitchen operator Kitopi, raised an additional $300 million in its Series C round late last year, extending the...

Kitopi

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