Saudi Arabia Aramco’s Wa’ed Ventures co-invests €13 million Series A round in OQ Technology Luxembourg-based 5G satellite operator OQ Technology, has closed a €13 million Series A funding round co-led by Saudi... News • 01 September, 2022 Wa’ed Ventures Aramco OQ Technology
U.A.E Stake raises $8 million pre-Series A round UAE-based proptech Stake, has secured $8 million in pre-Series A funding round, backed by MEVP and BY Ventures, with participation from... News • 30 August, 2022 Stake Proptech
Egypt KarmSolar announces new minority stake round Egypt-based solar energy company KarmSolar, has initiated a round of capital increase, supported by US-based Synergy Consulting as the... News • 29 August, 2022 KarmSolar solar energy Synergy Consulting
Egypt Egypt’s Zeew raises $630,000 Seed The enterprise software as a service (SaaS) sector is one of the rising stars of the Egyptian startup ecosystem, with more companies... Dunya Hassanein • 26 August, 2022 Zeew
Algeria Algerian Startup Fund to invest $411 million in local startups The Algerian Startup Fund (ASF) has signed an agreement with the country’s General Directorate of the Treasury to launch a new... News • 25 August, 2022 Algeria Startup Fund
Egypt Egypt's SubsBase closes $2.4 million seed round Egypt-based subscription and recurring revenue management platform SubsBase has closed its Seed round at $2.4 million, led by Global... News • 25 August, 2022 SubsBase Global Ventures wamda x
U.A.E Mintroute DMCC raises minority investment from Razer Gold UAE-based e-vouchers and digital cards’ aggregator Mintroute DMCC, has raised a minority investment from US-based Razer... News • 25 August, 2022 Razer Gold Mintroute DMCC
Egypt OBM raises second round of investment from EdVentures Egypt-based edtech OBM has raised a six-digit sum from EdVentures in the second round of investment. Founded in 2020 by Omar... News • 24 August, 2022 OBM EdVentures EdTech
U.A.E Cargoz secures pre-Seed funding from Nama Ventures UAE-based logistics startup Cargoz has secured pre-Seed funding for unknown amount from Nama Ventures Founded in January 2022 by... News • 24 August, 2022 Cargoz Nama Ventures Logistics
Qatar Qatar’s Sponix Tech receives investment from UK’s Aser Ventures Qatar-based sportstech Sponix Tech, has received an unknown investment amount from UK-based Aser Ventures, the co-owner of Leeds United... News • 23 August, 2022 Sponix Tech Aser Ventures Qatar Sportstech
Jordan Danish Refugee Council partners with BeyondCapital to support refugee-lens entrepreneurship The Danish Refugee Council (DRC) has partnered with BeyondCapital to launch an initiative to support startups with refugee impact in... News • 23 August, 2022 Danish Refugee Council DRC BeyondCapital
U.A.E Huspy acquires Just Mortgages, Finance Lab UAE-based proptech Huspy, has acquired two mortgage brokerages: Just Mortgages and Finance Lab. The founding teams of both companies are... News • 23 August, 2022 huspy
Egypt Egypt’s ArabyAds raises $30 million pre-Series B funding Egypt-born and UAE-headquartered advertising technology company ArabyAds, has raised $30 million in pre-Series B funding from... News • 23 August, 2022 ArabyAds Advertising
U.A.E Neobank Zywa raises $3 million Seed round UAE-based neobank Zywa, has raised $3 million in a Seed round from Goodwater Capital, Dubai Future District Fund, Rebel Fund, Trampoline... News • 23 August, 2022 Fintech neo banking Zywa
Saudi Arabia Tamara raises $100 million Series B round Saudi Arabia-based fintech Tamara has raised $100 million in a Series B equity round from investors including Sanabil Investments,... News • 22 August, 2022 Tamara BNPL
U.A.E Al Maya Group acquires majority stake in Conektr UAE-based retailer Al Maya Group has bought a majority stake in the e-commerce platform Conektr for an undisclosed... News • 22 August, 2022 Al Maya Group Conektr E-commerce
