U.A.E SQUATWOLF raises $30 million from ASCA Capital UAE-based direct-to-consumer e-commerce brand SQUATWOLF, has raised $30 million in investment from ASCA Capital Limited with a... News • 03 May, 2023 gymwear D2C SQUATWOLF
Bahrain Tarabut Gateway closes $32 million Series A round Bahrain-founded and UAE-based fintech Tarabut Gateway has closed a $32 million Series A round, led by Pinnacle Capital, with... News • 03 May, 2023
U.A.E B2B e-commerce Eighty6 raises $3.7 million Seed round UAE-based e-commerce platform Eighty6, has raised $3.7 million in a Seed round, from Sanabil 500 MENA Seed Accelerator Fund, a few GCC... News • 01 May, 2023 Eighty6 f&b E-commerce
Tunisia Tunisia's Drest.tn raises $336,000 from 216 Capital Ventures Tunisia-based e-commerce platform Drest.tn has raised $336,000 from 216 Capital Ventures. Founded in 2020 by Omane and Malek Mzabi,... News • 30 April, 2023 Drest.tn E-commerce Fashion
Iraq Iraq’s Midient raises $125,000 pre-Seed from Flat6Labs Iraq-based SaaS startup Midient, has raised $125,000 in a pre-Seed funding round from Flat6Labs. Founded in 2021 by Ahmed Jamal, Omer... News • 30 April, 2023 Midient Flat6Labs
U.A.E GEM raises investment commitment in Everdome metaverse to $60 million GEM Digital Limited (GEM), a Bahama-based digital assets investment firm, has increased its investment commitment in UAE-based metaverse... News • 25 April, 2023 Everdome
U.A.E Flyksoft raises $55,000 Seed round UAE-based booking software provider Flyksoft has raised $55,000 in Seed funding from angel investors. Founded in 2023 by Mohammad... News • 18 April, 2023 Flyksoft SAAS
Tunisia Tunisia’s CoaChess raises $191,000 pre-Seed round Tunisia-based gaming platform CoaChess has raised a $191,000 pre-Seed funding round from Omicrone. Founded in 2021 by Iheb Kaabi,... News • 18 April, 2023 CoaChess Gaming
Saudi Arabia Noon lays off 10 per cent of workforce Saudi Arabia-based e-commerce platform Noon has cut 10 per cent of employees at its Dubai office to reduce costs according to... News • 18 April, 2023 Noon E-commerce
Egypt Nigeria-based Autochek acquires majority stake in Egypt’s Autotager Nigeria-based car financing platform Autocheck, has acquired a majority stake in Egypt's used cars marketplace, AutoTager, which was... News • 18 April, 2023 AutoCheck AutoTager
U.A.E Intellia launches AI-driven vetting and project delivery platform Intelllia, a provider of analytical and strategic support for investment and finance institutions, and corporate business development... News • 18 April, 2023 Intellia
Saudi Arabia Saudi fintech Hakbah closes $2 million pre-Series A round Saudi Arabia-based fintech Hakbah has closed a $2 million pre-Series A funding round, financed by Global Ventures and Aditum Investment... News • 12 April, 2023 Hakbah Fintech Global Ventures
U.A.E e& acquires majority stake in Careem’s Super App for $400 million UAE-headquartered communication firm e& (formerly Etisalat) has acquired a 50.03 per cent stake in Careem’s Super App spinout... News • 10 April, 2023 e& Careeem super app
U.A.E The UAE raises tax threshold for startups The UAE’s Ministry of Finance has raised the minimum threshold for corporate tax from $100,000 (AED375,000) to $816,000 (AED3... News • 09 April, 2023 uae Tax law entreprenership
Saudi Arabia Saudi Arabia’s Savvy Games acquires Scopely for $4.9 billion Saudi Arabia-based gaming platform Savvy Games Group, owned by the country's sovereign wealth fund, the Public Investment Fund... News • 06 April, 2023 Savvy Games Scopely
Saudi Arabia Shaker Group acquires 10% stake in Cashew UAE-based fintech Cashew has raised an undisclosed investment from Saudi company Shaker Group, for a 10% stake. Founded in 2019 by... News • 04 April, 2023 Cashew Shaker Group Fintech
