Wamda

U.A.E

Shorooq Partners launches $150 million fund to back early-stage startups

UAE-based venture capital firm Shorooq Partners has launched Bedaya Fund II, a $150 million VC fund aimed at investing in early-stage...

Shorooq Partners

U.A.E

SHUAA Capital launches $250 million venture debt fund

SHUAA Capital has launched SHUAA Venture Partners, a $250 million Shari’ah fund focused on venture debt...

Shuaa Capital SHUAA Venture Partners

U.A.E

Hub71 startups have raised $408 million since 2019

Startups based in Abu Dhabi's tech ecosystem Hub71, have raised Dh1.5 billion ($408 million) in funding since 2019. The aggregate...

uae Hub71 Start-up

Saudi Arabia

Carasti expands to KSA following $2 million bridge round

UAE-based mobility platform Carasti, has announced its expansion to Saudi Arabia following a $2 million bridge round from Net Ventures...

Carasti

U.A.E

FlapKap launches after raising $1.2 million led by A15

Egypt-based SaaS platform FlapKap, has launched after raising $1.2 million in a round led by A15. Co-founded by Ahmad Coucha (CEO),...

FlapKap

U.A.E

SHUAA Capital acquires majority stake in Souqalmal

UAE-based investment firm SHUAA Capital has acquired a majority stake in UAE-based fintech Souqalmal for an undisclosed amount. SHUAA is...

Shuaa Capital

U.A.E

Visual content production Flashy raises $400,000 pre-Seed round

UAE-based SaaS visual content platform Flashy, has raised $400,000 in a pre-Seed round from a group of regional and international...

Flashly

U.A.E

Metaverse startup Eikonikos raises $2 million pre-Seed round

UAE-based metaverse startup Eikonikos has raised a $2 million pre-Seed round led by angel investors. Founded by Mohamed Vasif,...

metaverse

Global

SWVL to invest $15 million to scale its operations in Argentina

Dubai-based mobility startup SWVL announced that it will invest up to $15 million to ramp up its operations in the Argentinian...

Swvl

Saudi Arabia

COFE acquires Saudi Arabia's Kaffeen

UAE-based online coffee marketplace COFE App has acquired Saudi Arabian app Kaffeen, as it looks to fuel its regional...

Kaffeen COFE

U.A.E

Laundry app justclean raises $6 million investment

Kuwait-based cleaning marketplace justclean has raised $6 million in a round led by Gulf Investment Corporation (GIC) with participation...

Justclean Gulf Investment Corporation GIC

U.A.E

UAE fintech Encore Pay raises $1.5 million

UAE-based fintech Encore Pay has raised a $1.5 million Seed round led by GreenHouse Capital (GHC). Founded in 2017 by Imran Saeed,...

Encore Pay

U.A.E

QFIL Solutions raises $1 million in pre-Seed investment

UAE-based fintech QFIL Solutions has raised $1 million in pre-Seed investment, through an unidentified fintech investment...

QFIL Fintech

U.A.E

The Giving Movement raises $15 million to back expansion

The Giving Movement, a UAE-based direct-to-consumer (D2C) sustainable fashion brand, has raised a $15 million Series A round, led by...

The Giving Movement

U.A.E

UAE's Kamel Pay raises $1 million pre-Seed round

UAE-based fintech Kamel Pay, has raised $1 million in a pre-Seed round, led by Hussain Al Qemzi, former group CEO of Noor Bank and...

Kamel Pay

U.A.E

Dubai issues new law to regulate virtual assets

Dubai has adopted a new law to regulate virtual assets, aiming at creating a legal framework to protect investors and provide...

Dubai virtual assets

U.A.E

Wamda participates in Dukkantek's $5.2 million Seed round

UAE-based Dukkantek has raised $5.2 million in a Seed funding round, led by Global Founders Capital, with participation from Colle...

Dukkantek Store Management

U.A.E

AHOY raises $20 million

UAE-based logistics startup AHOY has raised $20 million in a fresh funding round from undisclosed investors. Founded in 2018 by Jamil...

AHOY

U.A.E

Quiqup receives $1.36 million loan from MBRIF

UAE-based last-mile delivery provider Quiqup has raised $1.36 million as a guarantee for a loan from The Mohammed Bin Rashid Innovation...

Quiqup q-commerce MBRIF

U.A.E

tabby raises $54 million from Sequoia Capital India and STV

UAE-based buy now pay later (BNPL) tabby, has raised $54 million led by Sequoia Capital India and STV, with additional participation...

Tabby BNPL Fintech

U.A.E

UAE’s Mindshift Capital takes part in Rebel Girls’ $13 million round

UAE-based VC Mindshift Capital, has taken part in the $13 million funding round of US-based edtech Rebel Girls, alongside other VCs...

Mindshift Capital Rebel Girls

U.A.E

Alaan raises $2.5 million Seed round

UAE-based fintech Alaan has raised $2.5 million in Seed funding, led by 468 Capital, Global Founders Capital and Presight Capital with...

Alaan Fintech

U.A.E

in5 launches space for investors in Dubai

Dubai incubator in5 will launch a specialised space to connect investors with startups for funding and partnership...

VC in5

U.A.E

Kaso raises investment from Y Combinator

UAE-based B2B e-commerce platform Kaso (formerly Elkaso), has raised investment from Y Combinator. The startup has also appointed...

KASO

Thought Leadership

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

Thank you