Wamda

Saudi Arabia

KABI acquires HR tech startup BLOOVO

Saudi Arabia-based human resources (HR) consultancy firm KABI Technologies, has acquired AI-powered recruitment solutions provider...

HR tech

Saudi Arabia

Barakah raises $300,000 pre-Seed round

Saudi Arabia-based food delivery startup Barakah has secured $300,000 in a pre-Seed round from Alriyadah Investments. Founded in 2021...

Barakah Alriyadah Investments Food & Beverage

Egypt

Homzmart raises $23 million pre-Series B round

Egypt-based furniture and home supplies marketplace Homzmart, has raised a $23 million pre-Series B round from STV, Impact46, Outliers...

Homzmart

Saudi Arabia

Saudi Arabia’s AlGooru raises $1.8 million Seed round

Saudi Arabia-based edtech AlGooru, has raised $1.8 million in a Seed round from RAZ Group, RZM Investment, 100 Ventures, RAY Investment,...

AlGooru EdTech RAZ Group

Saudi Arabia

SVC Invests in the first venture debt fund

Saudi Venture Capital (SVC) has invested in a venture debt fund managed by Partners for Growth. The fund focuses on offering...

SVC Saudi Arabia Partners for Growth (PFG)

Saudi Arabia

Nama Ventures invests in US-based IT startup Brev.dev

Saudi Arabia-based VC firm Nama Ventures has invested an unknown amount in US-based containers for development Brev.dev. Founded in...

Nama Ventures Brev.dev

Saudi Arabia

BIM Ventures launches $32 million BIM Investments II

Saudi Arabia-based VC venture studio BIM Ventures has announced the launch of its second VC fund “BIM Investments II” with a...

BIM Ventures BIM Investments II Venture Capital

Egypt

Saudi’s T2 signs investment agreements with Fawry, Khazna, Khwarizmi Ventures

Saudi Arabia-based Business Research and Development Company (T2) signed an investment and partnership agreement with Egypt’s...

Mohammed Bin Salman Khazna fawry

Saudi Arabia

Kleen bags $2 million to digitise local laundry market

KSA-based SaaS startup Kleen, has raised a $2 million (SAR 7.5 million) Seed round from Plus Venture Capital (+VC), and...

Kleen

Egypt

valU sells minority stake to Alhokair family

Egypt-based fintech valU has sold a minority stake of 4.99 per cent to members of Saudi Arabia’s Alhokair family for $12.4...

valu Alhokair EFG Hermes

Saudi Arabia

Torod raises $1.33 million Seed round led by IMPACT46

Saudi Arabia-based logistics platform Torod, has raised a $1.33 million Seed round led by IMPACT46 with participation from local...

Torod Impact46 Seedra Ventures

Saudi Arabia

Wa'ed leads $50 million Series B round for US-based fintech startup Wahed

Wa’ed, Saudi Aramco’s Entrepreneurship Centre, has led a $50 million Series B round for US-based fintech app Wahed, which...

Wa'ed Wahed

Kuwait

Saudi Jadwa acquires majority stake in Kuwait’s Dabdoob

Saudi Arabia-based Jadwa Investment has acquired 70 per cent of Kuwaiti company Dabdoob Holdings, marking Jadwa’s first regional...

Jadwa Investment Dabdoob

Egypt

valU expands to Saudi market through partnership with Alhokair

Egypt-based fintech valU, has extended its services to Saudi Arabia through a partnership with FAS Labs, owned by Fawaz Abdulaziz...

valu BNPL Alhokair

Saudi Arabia

Hyperpay raises $36.7 million led by Mastercard

KSA-based fintech HyperPay has raised $36.7 million in a funding round led by Mastercard, with participation from Amwal Capital Partners...

hyperpay MasterCard

Saudi Arabia

Tarabut Gateway partners with four Saudi banks as open banking nears

Bahrain founded and UAE-based open banking platform Tarabut Gateway has partnered with four banks in Saudi Arabia, including Riyad Bank,...

Tarabut Gateway Open banking

Saudi Arabia

STC, Alibaba to launch Alibaba Cloud in Saudi Arabia

Saudi Arabia’s national telecoms provider STC Group has partnered with China’s Alibaba Group to establish Alibaba Cloud for...

STC Alibaba Alibaba Cloud

Saudi Arabia

iStoria raises pre-Seed round from Nama Ventures

Saudi Arabia-based edtech iStoria has raised an undisclosed pre-Seed funding round from Nama Ventures. Founded in August 2020 by...

iStoria Nama Ventures

Saudi Arabia

RedBox closes $5 million pre-Series A round

Saudi Arabia-based logistics startup RedBox has raised $5 million in a pre-Series A investment round, led by RAAF Holding Company and...

Red Box Last mile smart locker

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...

8020 Capital Accelerator and Startup Studio

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...

STV Meta

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...

AgriDunya agritech Nama Ventures

Saudi Arabia

Saudi discount platform Remmsh raises funding from Nama Ventures

Saudi Arabia-based discount code platform Remmsh, has raised pre-Seed funding from Nama Ventures. The amount raised was not...

Nama Ventures

Saudi Arabia

Saudi logistics startup Mkhdoom raises $1.1 million

Press release: Saudi Arabia-based logistics provider, Mkhdoom, has secured $1.1 million (SAR 4 million) in a Seed round led by Aljabr...

Logistics

Thought Leadership

All the information you need to navigate Mena's startup ecosystem

Thank you