Regional Revival Lab launches $40 million fintech-focused VC builder and fund Saudi Arabia-based Revival Lab will establish “Fin-tactics Ventures", a venture builder specialised in fintech, insuretech... News • 07 December, 2022 Revival Lab Fin-tactics Ventures
Iraq Iraqi delivery app Lezzoo acquires Saydo Iraq-based on-demand delivery app Lezzoo has acquired the compatriot marketplace Saydo, for an undisclosed amount. The acquisition... News • 07 December, 2022 Lezzoo Saydo b2b
Egypt Morni invests $10 million in Egypt to acquire mobility startups Saudi Arabia-based mobility solutions platform Morni is planning to invest $10 million to target new acquisitions in Egypt in the... News • 06 December, 2022 Morni Exists.me
U.A.E UAE’s Cavendish Maxwell to acquire majority stake in Property Monitor UAE-based real estate advisory Cavendish Maxwell, has acquired a majority stake in proptech company Property Monitor for an unknown... News • 06 December, 2022 Cavendish Maxwell Property Monitor Proptech
Bahrain Calo raises $13 million pre-Series A round Bahrain-based foodtech Calo, has raised a $13 million pre-Series A round led by Nuwa Capital and STV. Other investors participating in... News • 06 December, 2022 Calo Nuwa capital foodtech
Regional Seedstars launches platform to develop VC managers in emerging markets Switzerland-based Seedstars has launched its investment arm “Seedstars Capital” for emerging VC fund managers across the... News • 05 December, 2022 seedstars Venture Capital
Egypt SIDEUP raises $1.2 million Seed, relocating HQ to Riyadh Egypt-based logistics platform SIDEUP, has raised a $1.2 million Seed round from Launch Africa VC, 500 Global, Riyadh Angels, Alex... News • 05 December, 2022 SIDEUP 500 Global E-commerce
Egypt OneOrder raises $3 million Seed OneOrder, an Egypt-based B2B marketplace that connects restaurants to suppliers, has raised a $3 million Seed round led by Nclude as... News • 05 December, 2022 OneOrder
Saudi Arabia Saudi Jahez acquires The Chefz for $172.9 million Saudi Arabia-based food delivery app Jahez has fully acquired The Chefz, a Saudi Arabia-based dessert delivery platform for $172.9... News • 30 November, 2022 Jahez The Chefz Food delivery
U.A.E Kitopi sacks 93 employees as diners head back to restaurants Dubai-based cloud kitchen operator Kitopi, has laid off 10 per cent of its head officd workforce, amounting to 93 employees, according... News • 29 November, 2022 Kitopi
Egypt 500 Global opens an office in Egypt, partners with ITIDA to launch support programmes for local startups US-based venture capital firm 500 Global is set to open an office in Egypt and has recently partnered with Information Technology... News • 28 November, 2022 500 Global
U.A.E Fenix Games raises $150 million investment UAE-based gaming platform Fenix Games, has raised $150 million in investment, led by Phoenix Group and Cypher Capital. Founded in 2022... News • 28 November, 2022 Fenix Games Gaming
Egypt CyberTalents wins Black Hat’s $25,000 prize Egypt-based cybersecurity platform CyberTalents, has won a $25,000 prize in the Cyberseed Start-Up Global Competition, organised by the... News • 28 November, 2022 CyberTalents cybersecurity Black Hat
Global SWVL slashes over 50 per cent of its workforce, shuts operations in Pakistan UAE-based mass mobility services provider, SWVL, has laid off over 50 per cent of its staff, in a recent round of layoffs conducted by... News • 28 November, 2022 Swvl
U.A.E More layoffs at SWVL as company risks delisting from NASDAQ Mirroring its global peers, Egypt-born and UAE-based mass mobility startup SWVL is bracing itself for drastic monetary belt-tightening... Dunya Hassanein • 24 November, 2022 Swvl mobility
Egypt Flat6labs, Dar Al Handasah, SIAC launch 'Makers' to support contech startups in Egypt Egypt-based early-stage VC and accelerator Flat6Labs has partnered with construction company SIAC and engineering consultancy Dar Al... News • 23 November, 2022 Flat6Labs
