Saudi Arabia Tameed closes $15 million Series A from Alromaih Investments Saudi Arabia-based fintech Tameed has raised $15 million in a Series A round, led by Alromaih Investments. Founded in 2019 by Mohammed... News • 31 December, 2023 Tameed Fintech
U.A.E Phoenix acquires 25 per cent stake in Lyvely UAE-based cryptocurrency mining and blockchain company Phoenix Group PLC has acquired a 25 per cent stake in the social networking and... News • 28 December, 2023 Phoenix Group Lyvely
Lebanon Jedo acquires Jump-in App to penetrate Saudi market Lebanon-founded and Netherlands-based travel app Jedo has acquired the Saudi app Jump-in for an unknown amount. Founded in 2022 by... News • 28 December, 2023 Jedo Jump-in App Tourism
Global Aramco’s Prosperity7 Ventures leads China’s Cispoly $14 million Series B round Prosperity7 Ventures, a $1 billion growth-stage fund of Saudi energy and petrochemical enterprise Aramco, has led a $14 million series B... News • 28 December, 2023 Aramco
U.A.E Micropolis Robotics to file for IPO, plans a $37 million fundraise Dubai-based robotics manufacturer Micropolis Robotics announced plans to file for an initial public offering on the New York Stock... News • 27 December, 2023 Micropolis Robotics
Saudi Arabia Riyadh Valley Company invests in IMPACT46 Fund III Saudi Arabia’s Riyadh Valley Company, the investment arm of King Saud University, has pledged an undisclosed investment in... News • 27 December, 2023 Impact46 Riyadh Valley Company IMPACT46 Fund III
U.A.E UAE’s fintech Qashio partners with Emirates Skywards UAE-founded fintech Qashio has partnered with Emirates and flydubai’s loyalty programme, Emirates Skywards. The new partnership... News • 27 December, 2023 Qashio EMIRATES
Saudi Arabia Singapore’s Golden Gate Ventures opens first Mena office in Saudi Arabia Golden Gate Ventures, a Singapore-based venture capital fund, has established an office in Saudi Arabia, as part of its expansion... News • 26 December, 2023 Golden Gate Ventures
Egypt T-Vencubator launches in Egypt to invest in local startups T-Vencubator, a VC-incubator fund, has launched in Egypt to invest in and support the growth of local startups. The fund’s first... News • 26 December, 2023 T-Vencubator
Egypt Egypt's MaxAB merges with Africa's largest B2B e-commerce player Wasoko Egypt-based B2B e-commerce company MaxAB will merge with Kenya-based Wasoko. The terms of the deal were not... News • 22 December, 2023 MaxAB Merger
U.A.E UAE’s Zeroe raises $2.2 million Seed round UAE-based cleantech Zeroe, has raised $2.2 million in a Seed round led by Indonesian investor Owen Rahadiyan. Founded in early 2023 by... News • 21 December, 2023 Zeroe Cleantech Decarbonisation
Saudi Arabia Tabby announces pre-IPO $700 million debt facility from J.P. Morgan UAE-founded and Saudi Arabia-headquartered fintech Tabby has secured a $700 million debt financing round from J.P. Morgan, ahead of its... News • 21 December, 2023 Tabby
Saudi Arabia Soum raises $18 million Series A round led by Jahez Saudi Arabia-based re-commerce marketplace Soum, has raised $18 million in Series A funding in a round led by Jahez, with... News • 20 December, 2023 Recommerce re-commerce Soum
Egypt Egypt’s iSchool $4.5 million to accelerate global expansion Egypt-based edtech iSchool, has raised $4.5 million in a funding round led by VentureWave Capital, an Irish VC, followed by OneStop... News • 20 December, 2023 iSchool VentureWave Capital EdTech
Saudi Arabia Saudi fintech Hakbah raises $5.1 million Series A Saudi Arabia-based fintech Hakbah, has raised $5.1 million in Series A funding, bringing the company’s funding raised to date to... News • 20 December, 2023 Hakbah VentureSouq Fintech
Saudi Arabia Saudi fintech Spare raises $3 million to fuel expansion Saudi Arabia-based fintech startup Spare has raised a $3 million round led by Vision Ventures with participation from Wa'ed... News • 20 December, 2023 spare Fintech Open banking
