NIFTY Souq, MENA’s first NFT marketplace, secures $1.5 mln investment NIFTY Souq, MENA’s first NFT marketplace, secures $1.5 mln investment
NIFTY Souq, the MENA region’s first NFT marketplace which launched in 2021, has announced they have secured $1.5 million in seed investment as they look to expand the Arab world’s first NFT ...
Technology 3 days ago
US venture capital dealmaking slows in first half of 2022 on economic uncertainty US venture capital dealmaking slows in first half of 2022 on economic uncertainty
Venture capital dealmaking in the United States dipped in the first half of 2022, as investors shied away from signing large checks for startups due to uncertain macroeconomic conditions and market ...
Economy 14 July ,2022
Eros Investments partners with Dubai’s digital asset regulator  to launch start-ups Eros Investments partners with Dubai’s digital asset regulator to launch start-ups
Eros Investments, run by India’s Lulla family, plans to develop Web 3.0 and blockchain businesses out of Dubai as part of a partnership deal to operate under Dubai’s new virtual assets regulator, the ...
Technology 10 May ,2022
Mideast digital health firm Altibbi based in Dubai raises $44 mln and aims for IPO Mideast digital health firm Altibbi based in Dubai raises $44 mln and aims for IPO
Altibbi, a Middle East digital health platform founded in Jordan and headquartered in Dubai, has raised $44 million in a series B round to expand its online pharmacy and diagnostic collection business ...
Economy 28 March ,2022
ADQ, Turkey Wealth Fund launch $300 mln VC fund to invest in innovative startups ADQ, Turkey Wealth Fund launch $300 mln VC fund to invest in innovative startups
ADQ, an Abu Dhabi-based investment and holding company, and Turkey Wealth Fund (TWF) launched on Wednesday the Turkey Technology Fund – ADQ TWF, which will invest in venture capital funds and ...
Technology 24 March ,2022
SHUAA Capital launches largest venture debt fund of $250 mln for the Gulf region SHUAA Capital launches largest venture debt fund of $250 mln for the Gulf region
SHUAA Capital, a leading asset management and investment banking platform, announced on Wednesday the launch of SHUAA Venture Partners, a $250 million Sharia fund, focused on venture debt investments, ...
Economy 23 March ,2022
Egypt trucking app Naqla gets $10.5 mln in funding amid construction boom Egypt trucking app Naqla gets $10.5 mln in funding amid construction boom
An Egyptian startup that links truck owners with cargo companies raised $10.5 million in a funding round led by El Sewedy Capital Holding and Hassan Allam Holding as it looks to capitalize on the ...
Technology 07 March ,2022
UAE based startup RemotePass closes seven-figure Pre-Series A funding round UAE based startup RemotePass closes seven-figure Pre-Series A funding round
UAE based startup RemotePass, a tech platform helping companies hire anyone, anywhere, has officially raised funds in a Pre-Series A round which was led by BECO Capital with participation from Wamda ...
Technology 11 December ,2021
Egyptian transport start-up Swvl based in Dubai and Cairo sees profit by 2024 Egyptian transport start-up Swvl based in Dubai and Cairo sees profit by 2024
Transport start-up Swvl, based in Dubai and Cairo, expects to turn its first profit in 2024 as it expands into new countries, its chief financial officer Youssef Salem said on Thursday. Swvl ...
Technology 12 August ,2021
Maersk VC co-leads funding round in Egyptian freight start-up Trella Maersk VC co-leads funding round in Egyptian freight start-up Trella
Egyptian startup Trella, a digital platform connecting truckers with freight loads, has raised $42 million in equity and debt, including from the venture capital arm of shipping giant Maersk, its ...
Technology 21 June ,2021
Saudi agritech startup Red Sea Farms raises $10 mln to fund expansion Saudi agritech startup Red Sea Farms raises $10 mln to fund expansion
Saudi Arabian agriculture technology startup Red Sea Farms on Monday said it had raised $10 million which it would use to develop commercial scale farming facilities and expand into neighboring United ...
Technology 07 June ,2021
SoftBank tech fund in talks to invest in Dubai’s top cloud kitchen Kitopi: Sources SoftBank tech fund in talks to invest in Dubai’s top cloud kitchen Kitopi: Sources
SoftBank Group Corp is in talks to invest in Dubai “cloud kitchen” Kitopi’s latest funding round through its second technology fund, sources familiar with the matter said. The Japanese ...
Economy 02 June ,2021
Egyptian delivery start-up Bosta aims for expansion  in Saudi Arabia, UAE Egyptian delivery start-up Bosta aims for expansion in Saudi Arabia, UAE
Egyptian courier start-up Bosta is gearing up for a multi million-dollar fresh round of financing as it considers Saudi and Emirati markets by the year’s end, its chief executive Mohamed Ezzat said. ...
Economy 25 May ,2021
Saudi grocery e-commerce start-up Sary raises $30.5 mln in funding Saudi grocery e-commerce start-up Sary raises $30.5 mln in funding
Saudi Arabia’s Sary, a wholesale grocery e-commerce platform, said on Thursday it had raised $30.5 million in its latest funding round which it would use to finance expansion plans.The ...
Technology 06 May ,2021
E-commerce pioneer Wenzel launches global instant retail startup called Jokr E-commerce pioneer Wenzel launches global instant retail startup called Jokr
German entrepreneur Ralf Wenzel, formerly of Delivery Hero and Softbank, launched on Thursday a global instant retail platform, entering a field that is attracting huge investment and experiencing ...
Technology 15 April ,2021
After fund boost, Egypt’s digital payments provider Paymob looks to expand in region After fund boost, Egypt’s digital payments provider Paymob looks to expand in region
Egyptian digital payments provider Paymob is looking to venture into Saudi Arabia and other markets in the Middle East after receiving an $18.5 million funding led by UAE-based venture capital firm ...
Economy 08 April ,2021