Egypt Egypt’s Cartona raises $12 million Series A round Egypt-based B2B e-commerce platform Cartona, has closed its $12 million Series A fundraise led by Silicon Badia, with the participation... News • 25 July, 2022 Cartona silicon badia
U.A.E UAE’s Qstay closes $6.5 million Seed round UAE-based hospitality platform Qstay, has closed a debt and equity Seed round of $6.5 million. Founded in 2020 by Artur Khayrullin,... News • 24 July, 2022 Qstay hospitality Rental
Egypt FMO announces $10 million commitment to Algebra Fund II FMO, the Dutch entrepreneurial development bank, has pledged a $10 commitment to Algebra’s second fund. The agreement was signed... News • 20 July, 2022 FMO Algebra Fund II
Egypt Mohamed El-Sewedy acquires Magma via Averroes Ventures Egypt-based Magma, a manufacturer of sportswear, has been fully acquired by its incumbent CEO Mohamed El-Sewedy via venture capital firm... News • 20 July, 2022 Magma
Sudan Sudanese fintech Bloom raises $6.5 million Seed round Sudan-based fintech Bloom, has raised a $6.5 million Seed round from Visa, Y Combinator, US-based VCs Global Founders Capital (GFC) and... Nesma Abdel Azim • 20 July, 2022 Bloom Fintech Visa
Palestine Palestinian e-commerce Modesta raises six-figure Seed round Palestine-based fashion marketplace Modesta has raised a six-figure Seed round led by 500 Startups, with the participation of the... News • 19 July, 2022 Modesta E-commerce
Tunisia Pan-African CAIF fund closes at $112.8 million Tunisia-based multi-asset investment platform AfricInvest and US-based VC firm Cathay Innovation, have completed the final close of... News • 19 July, 2022 CAIF Cathay AfricInvest Innovation Fund AfricInvest
Egypt Stllr Network raises six-figure investment round Egypt-based Stllr Network has closed a six-figure investment from 500 Global and angel investors through Women Spark and Falak... News • 18 July, 2022 Stllr Network Falak Angels 500 Global
Iraq Iraqi e-commerce Orisdi raises new investment Iraq-based Orisdi, an online marketplace, has raised a new investment round led by returning investors such as Al Sharqiya TV, Mohamed... News • 18 July, 2022 Orisdi
U.A.E DeFi platform ZKX raises $4.5 million Seed round UAE-based DeFi platform ZKX has raised $4.5 million in Seed funding from StarkWare, Alameda Research, Amber Group, Huobi and... News • 17 July, 2022 ZKX DeFi StarkWare
Morocco Morocco’s SmartProf receives $50,000 from Plug and Play, UM6P Morocco-based edtech Smartprof has secured $50,000 in funding after graduating from the Mohammed VI Polytechnic University (UM6P) Startgate... News • 15 July, 2022 SmartProf
Jordan Flat6Labs invests in seven Jordanian startups Flat6Labs has announced that it will invest $115,000 each in seven startups through the Jordan Seed Fund (JSF), as part of the second... News • 15 July, 2022 Jordan Seed fund Flat6Labs
U.A.E Omooma raises $2.5 million for its mother-centric content platform UAE-based female health Arabic content platform Omooma, has raised $2.5 million from E20 Investment LTD. Co-founded by Romain... News • 13 July, 2022 Omooma
Tunisia Anava fund of funds invests $5.2 million in Silicon Badia’s BIF2 Tunisia-based Smart Capital, the manager of the Anava fund of funds, has invested $5.2 million in the Badia Impact Squared Fund (BIF2),... News • 12 July, 2022 Anava silicon badia
Global SWVL expands to Mexico with Urbvan acquisition UAE-based mobility services provider SWVL has acquired Urbvan, a Mexico-based mass mobility startup. Founded in 2016 by Renato Picard... News • 12 July, 2022 Urbvan Swvl
Morocco Aza Petrosolutions raises $296,000 from Maroc Numeric Fund II Morocco-based startup Aza Petrolsolutions (formerly Aza Petroleum), has raised MAD 3 million ($296,000) in a fresh funding round from... News • 12 July, 2022 Aza petrosolutions
