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... News • 19 June, 2023 instashop Grocart
Morocco Morocco’s Colis.ma receives $50,000 from Kenya-based accelerator The Baobab Network Morocco-based logistics startup Colis.ma has received $50,000 from Kenya’s The Baobab Network as part of its accelerator... News • 18 June, 2023 Colis.ma
Saudi Arabia Jada Fund of Funds invests in Investcorp’s $500 million Saudi pre-IPO growth fund Jada Fund of Funds, a subsidiary of Saudi Arabia's Public Investment Fund (PIF) has invested in Bahrain's Investorcorp, a $500... News • 14 June, 2023 PIF Jada Fund of Funds
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... News • 14 June, 2023 Onex Oryx Fund healthtech
Bahrain Bahrain’s Tenmou exits five portfolio startups Bahrain-based angel investor Tenmou has announced the partial and full exit of five portfolio startups. Startups that were fully... News • 14 June, 2023 Tenmou
Global Saudi Arabia and South Korea launch $160 million startup fund South Korea and Saudi Arabia have announced the creation of a joint fund worth $160 million to invest in both South Korean and Saudi... News • 14 June, 2023 Saudi-South Korean startup fund
Global Acasia Ventures launches office in Lagos Egypt’s Acasia Ventures, formerly Cairo Angels, has opened an office in Lagos, Nigera, in an effort to expand the firm’s... News • 14 June, 2023 Acasia Ventures
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... News • 13 June, 2023 Nama Ventures
Egypt Logistics startup Trella raises $3.5 million from Avanz Capital Egypt Egypt’s marketplace for trucks, Trella, has raised $3.5 million from newly-launched private equity fund Avanz Capital Egypt. The... News • 12 June, 2023 Trella
Saudi Arabia First cohort of ten startups graduates from Flat6Labs Riyadh accelerator programme Ten startups have graduated from the Flat6Labs Riyadh accelerator programme’s first batch, with each receiving $133,000 (SAR... News • 12 June, 2023 Fla6tlabs Riyadh accelerator programme
Egypt The Greek Campus merges with MQR The Greek Campus has announced a merger with MQR, a facilities management services provider. This merger will enable both parties to... Dunya Hassanein • 12 June, 2023 Greek Campus MQR
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... News • 12 June, 2023 Spotii NymCard Exit
Oman Oman’s byanat secures Seed round Oman-based SaaS startup byanat has raised an undisclosed Seed funding round with contributions from 500 Global, Sanabil Investments,... News • 11 June, 2023 byanat SAAS 500 Global
Regional Google launches cleantech accelerator programme for startups in MEA Google has announced the launch of a cleantech accelerator programme aimed at startups from across the Middle East and Africa. The... News • 07 June, 2023 Google
Egypt Egypt’s Rology acquires Saudi Arabia-based Arkan United Egypt-based healthtech Rology has acquired Saudi Arabian counterpart Arkan United. The value of the transaction was not disclosed. The... News • 06 June, 2023 Rology
Saudi Arabia Autobia raises $2.5 million Seed round Saudi Arabia-based B2B automotive platform Autobia has closed a $2.5 million Seed funding round, led by Sadu Capital and supported by... News • 06 June, 2023 Autobia Sadu Capital Wa'ed Vnetures
