Wamda

Egypt

Bosta raises new investment from Axian Group

Egypt-based logistics startup Bosta has raised investment from Axian Group. The amount raised remains undisclosed. Founded in 2017 by...

Bosta logistic Axian Group

U.A.E

23 startups join Hub71’s Company Building programme

Abu Dhabi’s Hub71 has selected 23 startups to join its 13th cohort of the Company Building programme, each receiving up to...

Hub71 Company Building programme

Regional

Growth-stage companies in Mena face $20 billion funding gap

Growth-stage funding in the Middle East and North Africa region (Mena) faces a $20 billion gap, with only $4.2 billion VC dry powder...

STV Growth-stage funding in Mena

Regional

Navigating scale: challenges and strategies for tech startups in Mena

Rashit Makhat, is the director and co-founder, Scalo Technologies, the tech venture company based in Dubai In the world of startups, the...

Scalo Technologies Scaling

U.A.E

HUB71 to offer startups up to $204,000 with new Incentive Programme

Abu Dhabi's Hub71 has revamped its Incentive Programme to provide startups with up to $204,000 (AED750,000) in cash and in-kind...

Hub71 Incentive programme

Egypt

500 Global, ITIDA launch Scale Up Programme in Egypt

US-based VC firm 500 Global has launched Scale Up Programme in Egypt, in collaboration with The Egyptian Information Technology Industry...

500 Global ITIDA Scale UP Program

Egypt

USAID, ITIDA graduate third cohort of Startups Accelerator Programme

United States Agency for International Development (USAID) has celebrated the graduation of 23 Egyptian startups from Cohort 3 of ita...

USAID Plug and Play ITIDA

U.A.E

Archie to aid fintech startups through new regional accelerator

Archie, a new fintech accelerator in Dubai has officially launched to help fintech startups scale across Europe and Australia. The...

Archie Fintech accelerator

U.A.E

Thrift for Good wins $50,000 grant from She’s Next

UAE-based charity platform Thrift for Good has won a $50,000 grant from She’s Next programme, organised by Visa and First Bank of...

She's Next Thrift for Good

Regional

Flat6Labs launches StartMashreq Growth Track programme to nurture 24 startups

Egypt-based accelerator and VC Flat6Labs, has selected 24 startups from Jordan, Lebanon and Iraq for its StartMashreq Growth Track...

Flat6Labs StartMashreq Growth Track

Regional

Middle East’s digital economy to hit $780 billion by 2030: TechGPT report

The Middle East’s digital economy is projected to grow from $180 billion in 2022 to $780 billion in 2030 or roughly 20 per cent...

TechGPT UBS middle east

Egypt

Endeavor Egypt launches XceleRise to back local entrepreneurs

Endeavor Egypt has launched XceleRise, a scale-up programme to aid access to capital and market expansion for all startups that promote...

Endeavor Egypt XceleRise

Egypt

Fawry announces plans to launch digital bank

Fawry, an Egypt-based e-payment solutions provider, unveiled plans to turn its e-portal, MyFawry, into a digital bank later this...

fawry

Morocco

Morocco’s Agenz secures $1.3 million pre-Series A

Morocco-based proptech Agenz, has raised $1.3 million in a pre-Series A financing round from Azur Innovation Fund, Maroc Numeric Fund...

Agenz Azur Innovation Fund Maroc Numeric Fund II

Saudi Arabia

Women in Tech programme awards $50,000 to three Saudi female-led startups

Three Saudi Arabia-based female-led startups have been awarded $50,000 in equity-free cash rewards, as part of the Standard Chartered...

women in tech Falak investment hub Standard Chartered

U.A.E

Scalo Technologies moves HQ to UAE, plans to invest $100 million in Mena startups

Singapore-based VC firm Scalo Technologies has moved its headquarters to Dubai, with the intention to invest $100 million in promising...

Scalo Technologies Venture Capital

Egypt

Tactful AI: Tracing the pivots before the exit

In 2016, Egyptian entrepreneur Mohamed Elmasry moved to the UK, in hopes of building a local tech product with global know-how and impact....

deeptech Tactful AI

Turkey

After splitting from Swvl, Volt Lines raises carve-out round

Turkey-based ride-hail company Volt Lines has closed its carve-out round, with a 30 per cent oversubscription, after splitting from...

Volt Lines Swvl Wamda Capital

Saudi Arabia

Tamara raises $150 million debt financing from Goldman Sachs

Saudi Arabia-based fintech Tamara, has closed a $150 million debt financing round from Goldman Sachs, bringing the startup’s total...

Tamara Fintech Goldman Sachs

Saudi Arabia

Beta Lab launches in Saudi Arabia to scale homegrown deeptech startups

Beta Lab, a VC and co-creation studio dedicated to fostering the growth of deep technology startups, has launched in...

Beta Lab

Regional

Mena: A fertile ground for tech IPOs

Sandeep Ganediwalla is a partner at Redseer Strategy Consultants looking at the Middle East and Africa The Middle East and North Africa...

ipo

Saudi Arabia

Flat6Labs launches $20 million Startup Seed Fund in Saudi Arabia

Flat6Labs has finished the first close of its $20 million “Startup Seed Fund” in Saudi Arabia, with the participation of the...

Flat6Labs Startup Seed Fund

Regional

What awaits startup exits in Mena?

Looking back, the year 2021 was hard to emulate. After the pandemic-induced funding boom seen in 2021 and the first few months of 2022,...

M&A exits Exit

U.A.E

UAE’s Revoltech among four winners of Global FoodTech Challenge

UAE-based foodtech Revoltech is among the winners of the 2022 FoodTech Challenge, receiving a portion of the $2 million prize money to...

Revoltech Global FoodTech Challenge foodtech

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