Saudi Arabia SVC invests $5 million in VentureSouq’s fintech fund UAE-based VentureSouq has raised $5 million from Saudi Venture Capital (SVC). The investment will go towards VentureSouq’s... News • 12 September, 2023 VentureSouq SVC Fintech
Saudi Arabia Logistics startup Equiptal raises $1 million to fuel growth Equiptal, a Saudi-Arabia-based logistics startup, has raised a $1 million pre-Seed round from Plug and Play Middle East and a group of... Dunya Hassanein • 12 September, 2023 Equiptal
U.A.E Archie to aid fintech startups through new regional accelerator Archie, a new fintech accelerator in Dubai has officially launched to help fintech startups scale across Europe and Australia. The... News • 11 September, 2023 Archie Fintech accelerator
Saudi Arabia Barakah raises $1.5 million Seed round for its food waste solution Saudi Arabia-based foodtech startup Barakah has raised a $1.5 million Seed round led by Hambro Perks Oryx Fund, with participation from... News • 11 September, 2023 Barakah
U.A.E GAM3S.GG raises $2 million Seed round UAE-based Web3 gaming platform GAM3S.GG, has closed a $2 million Seed funding round, led by Mechanism Capital with the participation... News • 07 September, 2023 GAM3S.GG Gaming
Egypt ariika raises Series A round from Beltone for 20 per cent stake Egypt-based home décor e-commerce platform ariika has closed a Series A equity funding round, secured from Beltone Venture... News • 07 September, 2023 ariika Beltone E-commerce
Regional Flat6Labs launches StartMashreq Growth Track programme to nurture 24 startups Egypt-based accelerator and VC Flat6Labs, has selected 24 startups from Jordan, Lebanon and Iraq for its StartMashreq Growth Track... News • 07 September, 2023 Flat6Labs StartMashreq Growth Track
U.A.E Pulsar Capital acquires controlling stake in TruDoc Pulsar Capital has acquired a majority stake in UAE-based healthtech TruDoc. Founded in 2011 by Raouf Khalil, TruDoc is a telehealth... News • 05 September, 2023 TruDoc Pulsar Capital healthtech
U.A.E myZoi raises$14 million, obtains regulatory licences UAE-based fintech myZoi has raised $14 million from SC Ventures and SBI Holdings. Founded in 2022 by Christian Buchholz and Syed... News • 05 September, 2023 myZoi SC Ventures Fintech
Regional Middle East’s digital economy to hit $780 billion by 2030: TechGPT report The Middle East’s digital economy is projected to grow from $180 billion in 2022 to $780 billion in 2030 or roughly 20 per cent... Nesma Abdel Azim • 05 September, 2023 TechGPT UBS middle east
Egypt Egypt’s Sehatech raises $850,000 in funding Egypt-based health insurtech Sehatech has raised a $850,000 round from A15 and Beltone Venture Capital, a subsidiary of Beltone Holding... News • 03 September, 2023 Sehatech Insurtech
Kuwait Kuwaiti fintech Kem raises $1 million pre-Seed round Kuwait-based fintech Kem has raised a $1 million pre-Seed round from a group of investors led by Maqamees Holdings. Founded in 2021 by... News • 03 September, 2023 Kem Fintech p2p
Morocco Moroccan edtech Smartprof raises investment from Fuze Morocco-based edtech Smartprof has raised investment from Fuze. The amount raised was undisclosed. Founded in 2018 by Homza Faiz and... News • 31 August, 2023 SmartProf EdTech Fuze
Egypt HEDG raises six-figure pre-Seed round Egypt-based fintech HEDG has raised a six-figure pre-Seed funding round from undisclosed investors based in Egypt and Saudi... News • 31 August, 2023 HEDG Fintech
U.A.E UAE’s Lyvely raises Seed round from Cypher Capital UAE-based Lyvely has raised a Seed round from early-stage VC firm, Cypher Capital. As part of the transaction, Bijan Alizadeh,... News • 29 August, 2023 Cypher Capital
Saudi Arabia Rewaa closes $27 million Series A round led by Wa'ed Saudi Arabia-based full-stack inventory management platform Rewaa has raised $27 million (SAR100 million) in a Series A funding round,... News • 29 August, 2023 waaed STC Ventures Rewaa
