U.A.E Emaar to sell Namshi to Noon for $335.2 million Dubai real estate developer Emaar will sell its fashion e-commerce platform Namshi to Noon for $335.2 million. Emaar, which is listed... News • 20 August, 2022 Namshi Noon Emaar
U.A.E G42 launches $10 billion technology growth fund UAE-based AI and cloud computing technology company G42, has launched a $10 billion G42 Expansion Fund, in partnership with Abu... News • 18 August, 2022 G42 ADG G42 Expansion Fund
U.A.E Dukkantek secures $10 million Pre-Series A funding UAE-based store management platform Dukkantek, has raised a $10 million pre-Series A funding round, led by BECO Capital with significant... News • 15 August, 2022 Dukkantek Wamda Capital BECO Capital
U.A.E Logistics platform Cartlow acquires Melltoo UAE-based reverse logistics platform Cartlow, has acquired Melltoo platform for an unknown sum. Founded in 2019 by Anas ALkhaldi, M... News • 15 August, 2022 Cartlow melltoo Logistics
Bahrain Faceki raises Seed round from Nama Ventures Bahrain-based identity verification platform Faceki has raised an undisclosed amount in a Seed funding round led by Nama Ven... News • 15 August, 2022 Faceki Nama Ventures AI
Egypt Restaurant management platform BONBELL raises $350,000 Egypt-based foodtech startup BONBELL, has raised $350,000 from a Candian angel investor. Founded in 2022 by Doaa Abdel-Hameed, BONBELL... News • 13 August, 2022 BONBELL
U.A.E AstraTech acquires fintech app PayBy UAE-based technology and Investment Group AstraTech, has acquired fintech platform PayBy for an undisclosed sum. Founded in 2019 by... News • 11 August, 2022 Astra tech
Global SWVL announces $20 million private placement Dubai-based mobility and transport solutions provider SWVL, has signed an agreement with US-based institutional investors for the sale and... Dunya Hassanein • 11 August, 2022 Swvl
U.A.E Bayzat receives funding support from MBRIF UAE-based HR solutions platform Bayzat has raised investment for an unknown amount from The Mohammed Bin Rashid Innovation Fund [MBRIF],... News • 11 August, 2022 Bayzat MBRIF Mohammed Bin Rashid Innovation Fund
Iraq Iraqi Islamic Bank partners with MSA Novo to fund tech-focused startups Iraq Islamic Bank (IIB) has partnered with MSA Novo (MSA) to launch a fund to invest in tech-focused startups in Iraq. The size of the... News • 10 August, 2022 Iraqi Islamic Bank MSA Novo
U.A.E Produze raises $2.6 million to digitise agri value chain UAE-based B2B marketplace Produze, has raised $2.6 million in a Seed round led by Accel, with participation from All In Capital, and... News • 10 August, 2022 Produze
U.A.E Everdome raises $10 million from GEM Digital UAE-based metaverse startup Everdome, has raised $10 million from Bahamian digital asset investment firm GEM Digital Limited. The... News • 10 August, 2022 Everdome
Egypt Egyptian e-commerce Sharwa raises $2 million pre-Seed Egypt-based social commerce platform Sharwa, has closed a $2 million pre-Seed funding round, co-led by Nuwa Capital and Hambro Perks... News • 10 August, 2022 Sharwa Nuwa capital Hambro Perks Oryx Fund
Egypt Egypt’s Convertedin raises $3 million Seed round Egypt-based marketing platform Convertedin, has raised a $3 million Seed round, led by Saudi Arabia-headquartered Merak Capital, with... News • 10 August, 2022 Convertedin Merak Capital
Regional Mena to witness more than 45 unicorns by 2030, STV report Mena is set to witness the birth of more than 45 unicorns in the next eight years, with an estimated total equity value to reach more... News • 09 August, 2022 STV Fintech Unicorn
U.A.E COTU Ventures raises capital from Dubai Future District Fund COTU Ventures, a venture capital firm offering capital for early stage startups, has raised investment from Dubai Future District Fund... Dunya Hassanein • 08 August, 2022 COTU Ventures
