Global SWVL to lay off 32 per cent of its workforce, expects to turn profitable in 2023 Egypt-born and Dubai-headquartered mobility startup SWVL, announced plans to reduce its workforce by 32 per cent. The planned layoffs... News • 30 May, 2022 Swvl
Oman Snoonu acquires Oman’s Akeed Qatar-based super app Snoonu, has acquired Oman’s food delivery platform Akeed for an undisclosed sum. Founded in 2019 by Hamad... News • 30 May, 2022 Snoonu Akeed
Jordan US’ Novajax acquires Jordan's Jobedu Jordan-based fashion brand Jobedu has been acquired by the US-based Web3 platform Novajax, for an unknown sum. Founded in 2007 by... News • 30 May, 2022 Novajax Jobedu Fashion
Egypt Gooo Delivery raises pre-Seed round Egypt-based on-demand delivery startup Gooo Delivery has closed a pre-Seed round. The amount raised was not disclosed. Founded in 2020... News • 26 May, 2022 Gooo Delivery Delivery
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... News • 26 May, 2022 STC Alibaba Alibaba Cloud
Tunisia 216 Capital Ventures raises $9.6 million for first close of its fund Tunisia-based VC firm 216 Capital Ventures has raised $9.6 million in the first tranche of its 216 Capital Fund, of which $6.4... News • 26 May, 2022 212 Capital
Morocco Morocco’s Cloudfret raises $1 million to back expansion Morocco-based SaaS startup Cloudfret, has raised a $1 million round, led by Plug and Play, PRC Ventures ICAV, Azur Innovation Fund,... News • 26 May, 2022 Cloudfret
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... News • 26 May, 2022 iStoria Nama Ventures
Egypt Natrify raises pre-Seed round to develop biodegradable plastics Egypt-based biotechnology startup Natrify, has raised a six-figure pre-Seed round from Ambo ventures, a recently launched,... News • 26 May, 2022 Natrify
Egypt Dstny acquires Egypt-founded Tactful AI Belgium-based business communications provider Dstny, has acquired Egypt and UK-based Tactful AI for an undisclosed sum. Founded in... News • 26 May, 2022 Tactful AI
Egypt Egypt’s Esaal raises $1.7 million Seed Egypt-based healthtech startup Esaal, has raised a $1.7 million Seed round from A15 to scale its operations across its home market as... News • 25 May, 2022 Esaal
U.A.E Crypto edtech Coinmarketpedia raises $2 million pre-Seed round UAE-based decentralised crypto and blockchain educational platform Coinmarketpedia, has raised $2 million in a pre-Seed round. The... News • 25 May, 2022 Coinmarketpedia Cryptocurrencies Blockchain
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... News • 25 May, 2022 Red Box Last mile smart locker
Kuwait Kuwait’s Enabill raises $1.2 million Seed round Kuwait-based fintech Enabill, has raised $1.2 million in a Seed funding round with participation from The Taken Seat venture builder and... News • 24 May, 2022 Enabill The Taken Seat
U.A.E Cypher Capital invests $5 million in Ocean Protocol UAE-based VC Cypher Capital, has set up an ecosystem fund together with Ocean Protocol to which it will be allocating $5 million to... News • 24 May, 2022 Cypher Capital
U.A.E Ogram raises $3 million Series A round UAE-based recruiting platform Ogram has announced a $3 million Series A funding round, led by Modus Capital and Aditum Investment... News • 23 May, 2022 Ogram Modus Capital recruitement
