Wamda

U.A.E

Etisalat acquires UAE-based elgrocer

Telecoms operator Etisalat has fully acquired UAE-based elgrocer, an e-grocery startup for an undisclosed sum. Founded in 2015 by...

elGrocer etisalat e-grocery

U.A.E

Kitopi invests in five virtual restaurant groups in GCC

UAE-based cloud kitchen Kitopi, has invested an undisclosed sum in several regional virtual restaurant groups, including Cloud...

Kitopi cloud kitchen Leap Nation

U.A.E

UAE’s Swvl expands into Latin America by acquiring Argentina's Viapool

UAE-based Swvl has entered the Latin American mobility market by acquiring a controlling stake in Argentina's Viapool for...

Swvl Latin America

U.A.E

Nomod raises $3.4 million seed round at $50m valuation to accelerate growth

UAE-based fintech Nomod, has raised a $3.4 million Seed round with participation from Y Combinator, Global Founders Capital Kingsway...

Nomod YCombinator

U.A.E

Dubai-based Zofeur raises $500,000 Seed round

Dubai-based ride-hailing startup Zofeur has announced it raised a $500,000 Seed funding round in May 2021, led by angel...

Zofeur Transportation Dubai

U.A.E

Dubai launches Dh1 billion Future District Fund

Dubai has launched a Dh1 billion ($272 million) Dubai Future District Fund to support Seed to growth-stage tech startups and encourage...

Dubai Future District Fund

U.A.E

Tarjama raises investment from Amethis to fuel global expansion

Amethis, an investment fund focused on Africa and Mena has acquired a minority stake in UAE-based Tarjama. Founded in...

Tarjama Amethis

U.A.E

SDF to pour $150 million into local, international VC investments

The UAE’s Strategic Development Fund (SDF), the investment arm of Tawazun Holding, has allocated $150 million (DH551.2 million) to...

Strategic Development Fund SDF Tawazun

U.A.E

Wamda participates in Verity's $800,000 pre-Seed round

UAE-based financial literacy startup Verity, has closed a $800,000 pre-Seed round, backed by regional venture capital firms,...

Verity Fintech financial literacy

U.A.E

UAE aims to host 20 unicorns by 2031

The UAE aims to become home to 20 unicorns by 2031, this comes as part of its Entrepreneurial Nation initiative aimed at supporting the...

smes Entrepreneurial Nation

U.A.E

Merit Incentives announces $5 million Series A round led by Impact46

UAE-based Merit Incentives, a customer and employee engagement platform, has raised $5 million in a Series A round led by Saudi’s...

Merit Incentives Impact46

U.A.E

US' REEF acquires UAE cloud kitchen operator iKcon

North America’s largest cloud kitchen operator REEF Technology, has fully acquired UAE-based cloud kitchens platform iKcon, in...

cloud kitchen iKcon Reef technology

Egypt

Capiter opens new office in Dubai

Egypt's Capiter, a B2B e-commerce startup, has opened a new office in Dubai. Capiter recently raised a $33 million Series A round,...

Capiter

U.A.E

Eight startups graduate from Flat6Labs Ignite programme in Abu Dhabi

Eight startups have graduated from the Flat6Labs Ignite programme in Abu Dhabi with each startup receiving Seed investment ranging from...

Flat6Labs Ignite Programme accelerator

Egypt

US-based TachyHealth raises seven-figure Seed from regional investors

Jordan's Propeller Inc, the Oman Technology Fund- Wadi (OTF Wadi), Jordinvest, and an insurance company out of Saudi Arabia have...

TachyHealth healthtech

U.A.E

CleverTrip raises $750,000 pre-Seed round

UAE-based travel tech CleverTrip has raised a $750,000 pre-Seed round from an undisclosed angel investor. Founded by Ibrahim Shaker in...

CleverTrip healthtech

U.A.E

Farmin, Kanari AI win GITEX Supernova Challenge

UAE-based Farmin and Kanari AI have won the 2021 GITEX Future Stars’ Supernova Challenge for their achievements in the artificial...

Farmin Kanari GITEX 2020

Bahrain

Tarabut Gateway raises $12 million pre-Series A led by Tiger Global

UAE-based open banking platform Tarabut Gateway has raised $12 million in a pre-Series A round led by Tiger Global, alongside new...

Fintech Open banking Tarabut Gateway

U.A.E

Fero raises $1.1 million in pre-Series A

UAE-based supply chain SaaS startup Fero has closed a $1.1 million pre-Series A round from an undisclosed institutional investor and...

Fero freight SAAS

U.A.E

Pure Harvest raises $64.5 million from Korea's IMM Investment, enters JV with PlanTFarm

UAE-based agritech startup Pure Harvest Smart Farms has secured $64.5 million in growth capital from Korean private investment firm IMM...

agritech Pure Harvest Smart Farms

U.A.E

Getbee raises $1.8 million pre-Series A

UAE-based Getbee has raised $1.8 million in a pre-Series A round from Altitude Capital, B & Y Venture Partners, and +VC, as...

retail tech Getbee b2b

U.A.E

Shorooq Partners launches The Nahda Fund 1 to support Mena startups

Abu Dhabi-based VC Shorooq Partners has launched The Nahda Fund 1, a venture-debt fund, in partnership with South Korea’s IMM...

Shorooq Partners IMM Investment Global The Nahda Fund 1

U.A.E

Abu Dhabi is on a mission to develop games

People in the Middle East like to play games, be it on their smartphones, laptops or games consoles. In fact, the region is home to the...

Gaming esports Jawaker

U.A.E

Chimera Capital’s closes $50 million second fund

Abu Dhabi-based Chimera Capital, a subsidiary of private investment firm Chimera Investment, has announced the close of its second fund...

uae Chimera venture capital fund

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