Saudi Arabia 8020 Capital launches $10 million accelerator fund Saudi Arabia-based VC “8020 Capital” has launched a $10 million accelerator and startup studio fund to invest in and develop... News • 23 May, 2022 8020 Capital Accelerator and Startup Studio
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... News • 23 May, 2022 foodtech cloud kitchen KRUSH Brands
Egypt Sylndr raises $12.6 million pre-Seed round to scale its marketplace for used cars Sylndr, an Egypt-based online marketplace for used cars, has raised a $12.6 million pre-Seed round, led by RAED Ventures, with... News • 23 May, 2022 Sylndr
Morocco Moroccan healthtech Blink Pharma raises first funding round Morocco-based healthtech Blink Pharma has raised investment from Azur Innovation Fund for an undisclosed amount. Launched in 2020 by... News • 23 May, 2022 Blink Pharma Azur Innovation Fund
Jordan Jordan’s Kitchefy raises $350,000 pre-Seed round Jordan-based cloud kitchen Kitchefy, has raised a $350,000 pre-Seed round, led by the Oasis 500 fund, the Beyond Capital Fund, MyStartUp... News • 19 May, 2022 Kitchefy cloud kitchen Oasis 500
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... Nesma Abdel Azim • 19 May, 2022 Alpha Dhabi Chimera Capital Alpha Wave Ventures II
Morocco AutoCheck acquires Morocco-based KIFAL Auto Nigeria-based automotive technology startup AutoCheck, has acquired Morocco-based KIFAL auto, as it aims to ramp up expansion into... News • 18 May, 2022 AutoCheck
Egypt Healthtech startup Doxx launches after raising $1.5 million Seed round Egypt-based healthtech startup Doxx has launched after closing a $1.5 million Seed round, led by Openner and Elevate. Founded in 2021... News • 18 May, 2022 Doxx
Saudi Arabia STV partners with Meta to support Saudi startups Saudi Arabia-based VC fund STV has announced a new partnership with Meta (formerly Facebook) that aims to support tech startups in the... News • 18 May, 2022 STV Meta
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... News • 18 May, 2022 Pemo Fintech MENAP
Egypt Instabug raises $46 million Series B round Egypt-founded and US-based bug reporting platform Instabug, has raised a $46 million Series B funding round, led by Insight Partners... News • 17 May, 2022 instabug Insight Partners
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... News • 17 May, 2022 NorthLadder CE-Ventures marketplace
Egypt CASF invests in Kenya fintech FlexPay Egypt's The Cairo Angels Syndicate Fund (CASF) has invested an undisclosed amount in a Kenya-based fintech FlexPay, marking the... News • 16 May, 2022 CASF FlexPay Cairo Angels Syndicate Fund
Pakistan Nama Ventures invests in Pakistan’s AgriDunya Saudi Arabia-based VC Nama Ventures, has invested an undisclosed amount in Pakistan-based agritech AgriDunya’s pre-Seed... News • 16 May, 2022 AgriDunya agritech Nama Ventures
Egypt Amazon acquires 4 per cent of valU for $10 million Amazon has agreed to acquire $10 million in EFG Hermes GDRs, with the option to replace it with future investment in valU. This... News • 15 May, 2022 Amazon valu EFG Hermes
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... News • 12 May, 2022 Kitopi
