Saudi Arabia Endeavor launches report on state of Saudi startup ecosystem A report published by Endeavor Saudi Arabia highlights the rapid growth of the country's startup sector. Riyadh’s tech... News • 26 April, 2022 Endeavor Mapping The Riyadh Tech Sector
Regional SWVL acquires Turkish B2B mobility startup Volt Lines Dubai-based mobility startup SWVL, has acquired Turkey-based B2B mobility startup Volt Lines. Founded in 2017 by Aly Halabi, Volt... News • 26 April, 2022 Swvl
Saudi Arabia Red Sea Farms raises additional $18.5 million to fuel expansion plans Saudi Arabia-based agritech Red Sea Farms has raised an additional $18.5 million co-led by Wa’ed, the venture capital arm of Saudi... News • 25 April, 2022 Red Sea Farms agritech
U.A.E UAE fintech zenda raises $9.4 million Seed to accelerate India expansion plans UAE-based fintech zenda, has raised $9.4 million in a Seed round from STV, COTU, Global Founders Capital, and... News • 25 April, 2022 Fintech zenda
Regional Retailo acquires UAE's DXBUY Saudi Arabia-based B2B marketplace Retailo has acquired UAE-based DXBUY for an undisclosed amount. The acquisition is part of... News • 22 April, 2022 Retailo DXBUY
U.A.E Careem expands its focus to financial services Careem is shifting its focus from ride-hailing to financial services, in a move that will position the super app as a key fintech... Triska Hamid • 21 April, 2022 careem Fintech Careem Pay
Saudi Arabia KAUST launches innovation fund The King Abdullah University of Science and Technology (KAUST) has launched a VC fund to invest in seed level deeptech... News • 21 April, 2022 KAUST KAUST Innovation Fund
U.A.E Millennial Brands raises $35 million growth round UAE-based direct-to-consumer (D2C) platform Millennial Brands, has raised $35 million in growth funding led by Global Emerging Markets... News • 21 April, 2022 Millennial Brands Global Emerging Markets Group E-commerce
Regional FOODICS raises $170 million Series C round for expansion FOODICS, a Saudi Arabia-based fintech and foodtech platform, has raised $170 million in a Series C round, co-led by Prosus and Sanabil... News • 20 April, 2022 Foodics
U.A.E UAE issues new visas for entrepreneurs and investors The UAE cabinet has approved new regulations regarding the entry and residence of foreigners, in an attempt to attract and retain global... News • 19 April, 2022 Federal Decree-Law
Egypt UAE’s QiDZ app receives investment from CASF UAE-based entertainment marketplace QiDZ, has raised investment from the Cairo Angels Syndicate Fund (CASF). The amount raised was not... News • 19 April, 2022 QiDZ CASF Cairo Angels Syndicate Fund
Egypt The Food Lab raises $4.5 million pre-Seed round Egypt-based cloud kitchen operator The Food Lab, has raised $4.5 million in a pre-Seed round, co-led by Nuwa Capital, Shorooq Partners... News • 19 April, 2022 The food Lab
Morocco Morocco’s Nessiam secures $306,000 investment Morocco-based lingerie e-commerce site Nessiam, has secured a $306,000 investment from CDG Invest, the CDG Group’s investment arm,... News • 18 April, 2022 Nessiam 212 Founders programme CDG Invest
U.A.E Lune Technologies receives $68,000 investment from Sandooq Al Watan UAE-based financial analysis app Lune, has raised a $68,000 investment from Sandooq Al Watan to accelerate its growth. Founded in 2020... News • 14 April, 2022 Lune Technologies Sandooq Al Watan Financial Analysis
Saudi Arabia Saudi Spoilz Games closes $692,000 pre-Seed round Saudi Arabia-based gaming platform Spoilz Games has closed a pre-Seed investment round of $692,000 from angel investors. Founded in... News • 13 April, 2022 Spoilz Games Gaming
Regional Footballco acquires Kooora for $25 million Footballco, a UK-based digital media company focused on football, has acquired UAE-based online sports content startup Kooora, in a deal... News • 13 April, 2022 Kooora
