U.A.E myco concludes first close of Series A round at $10 million UAE-based Web3 streaming platform myco has completed the first closing of its Series A funding of $10 million at a post-money valuation... News • 27 August, 2024 myco Web3
Regional Gulf investors launch $200 million Waad Investment firm to support regional startups A coalition of investors and GCC-based family offices have launched “Waad Investment," an investment firm with a... News • 27 August, 2024 Waad Investment
Egypt In collaboration with Wamda, Entlaq releases Egyptian Entrepreneurship Sector Diagnostics report H1 2024 Egypt-based think tank Entlaq has launched the results of its bi-annual report on the Egyptian entrepreneurship sector for the first... News • 27 August, 2024 Entlaq Egyptian Entrepreneurship Sector Diagnostics Report
Kuwait Kuwaiti proptech Sakan acquires Qatar’s Hapondo Kuwait-based proptech Sakan has acquired the Qatari company Hapondo for an unknown amount. Founded in 2016 by Abdullah Al-Saleh, Sakan... News • 26 August, 2024 Sakan Hapondo Proptech
Bahrain Tenmou invests in Bahrain’s Tajweed, Travilege Bahrain-based Tenmou angel investment company has invested in two Baharini startups, Tajweed and Travilege. Founded in 2021 by... News • 26 August, 2024 Tenmou Tajweed Travilege
U.A.E Powder Beauty raises undisclosed pre-Series A round UAE-based e-commerce platform Powder Beauty has closed its pre-Series A funding round at an undisclosed value, led by Sophia Collective... News • 26 August, 2024 Powder Beauty E-commerce Beauty and Wellness
Egypt KBW Ventures debuts in Egypt by investing in NoorNation Egypt-based climatetech NoorNation has received an undisclosed investment from KBW Ventures, founded by Saudi Prince Khaled bin... News • 21 August, 2024 NoorNation KBW Ventures Khaled bin Alwaleed
Pakistan Pakistan’s PostEx to expand into GCC after securing $7.3 million pre-Series A Pakistan-based fintech PostEx has raised a $7.3 million pre-Series A funding round, led by Conjunction Capital, along with Dash... News • 20 August, 2024 PostEx Sanabil500
U.A.E Blockchain Centre, Gate Ventures launch $100 million fund to drive Web 3 innovation Singapore-based Gate Ventures, the VC arm of Gate.io, and the Blockchain Centre in Abu Dhabi have launched a $100 million fund to drive... News • 20 August, 2024 Gate Ventures Blockchain Centre Falcon Gate Ventures
U.A.E Meteora acquires property crowdfunding platform Maisour UAE-based real estate developer Meteora Developers has acquired the Emirati property crowdfunding platform Maisour in a... News • 19 August, 2024 Meteora Maisour
Saudi Arabia Asas closes $320,000 pre-Seed to propel Resquad AI platform development Saudi Arabia-based IT services provider Asas Specialised Information Technology has raised $320,000 pre-Seed investment for its flagship... News • 19 August, 2024 Asas Specialised Information Technology Resquad AI
Saudi Arabia Resal garners $9 million investment to accelerate growth within the Kingdom Saudi Arabia-based e-gifting platform Resal has closed a $9 million Series A round. The round was backed by Derayah Ventures Fund,... News • 19 August, 2024 Resal Derayah Ventures Fund
Saudi Arabia Saudi foodtech Yalla Plus closes $2.7 million Seed round Saudi Arabia-based foodtech Yalla Plus has closed a Seed investment round of $2.7 million, led by Merak Capital, with participation from... News • 19 August, 2024 Yalla Plus foodtech Merak Capital
Saudi Arabia Mithu secures $500,000 pre-Seed from Adaverse Saudi Arabia-based loyalty platform aggregator Mithu has raised a $500,000 pre-seed round backed by the Web3 venture builder... News • 19 August, 2024 Mithu Adaverse
U.A.E Yuze secures $30 million investment to fuel regional expansion UAE-based fintech Yuze has raised $30 million in investment led by Osten Investments. Founded in 2022 by Rabih Sfeir, Yuze... News • 16 August, 2024 Yuze Fintech Osten Investments
Kuwait Kuwait’s Kem secures $3 million investment from Tether Kuwait-based fintech Kem has raised a $3 million investment from Tether, bringing the total investment Kem raised to date to $4.5... News • 15 August, 2024 Kem Fintech Tether
