Egypt Saudi VMS acquires minority stake in Egyptian accelerator Cash Cows Saudi VMS, a startup accelerator based in Saudi Arabia, has acquired a minority stake in its Egyptian counterpart, Cash Cows. The... News • 25 June, 2023 Cashcows
Bahrain UAE’s HashMove raises pre-Series A round led by Bunat Ventures UAE-based logistics platform HashMove has raised an undisclosed pre-Series A round, led by Bahrain’s Bunat Ventures in... News • 22 June, 2023 Bunat Ventures HashMove Logistics
Oman UzOman invests in ZOOD UzOman, a joint investment fund between Omani and Uzbek Sovereign Wealth Funds, has invested an undisclosed amount in Switzerland-based... News • 22 June, 2023 UzOman Zood
Egypt Egypt’s Agel raises pre-Seed round for its Shariah-compliant fintech platform Egyptian fintech startup Agel has raised a seven-figure pre-Seed round from Plus Venture Capital (+VC) and Seedstars International... News • 21 June, 2023 Agel
Egypt Egypt’s TFK acquires Opio to create all-in-one ecosystem Egypt-based fashion e-commerce marketplace The Fashion Kingdom (TFK) has acquired OPIO, a direct-to-consumer (D2C) fashion brand, for an... News • 21 June, 2023 Opio TFK The Fashion Kingdom
Egypt DMZ Cairo, EBank launch fintech bootcamp for Egyptian startups DMZ Cairo has partnered with the Export Development Bank of Egypt (EBank) to launch a fintech bootcamp for early-stage Egyptian startups... News • 21 June, 2023 DMZ Cairo
Egypt Acasia Angels invests in UK medtech Precision Cardiovascular Egypt-based angel investment group “Acasia Angels” has participated in the $750,000 Seed round in UK-based medtech Precision... News • 21 June, 2023 Acasia Angels Precision Cardiovascular medtech
Egypt Egypt announces five-year tax exemption for startups President Abdul Fattah El Sisi has announced a five-year tax exemption for startups, with an aim to boost the country’s ecosystem... News • 20 June, 2023 Egyptian ecosystem Startups in Egypt
Bahrain KFED partners with Hope Ventures to expand Beban show in UAE Khalifa Fund for Enterprise Development (KFED) has partnered with Bahrain-based Hope Ventures to expand its reality television show... News • 20 June, 2023 Biban
U.A.E EDB launches agritech AED100 million lending programme Emirates Development Bank (EDB) has launched an agritech-focused Dh100 million ($27 million) lending programme, targeting different... News • 20 June, 2023 EDB
Saudi Arabia Plug and Play to launch $100 million fund to invest in Saudi startups Silicon Valley-based tech investor Plug and Play Tech Center announced that it will establish a $100 million fund to invest in Saudi... News • 19 June, 2023 Plug and Play
Saudi Arabia SVC invests $30 million in Bedaya Fund II Saudi Venture Captial (SVC) has invested $30 million in Shorooq Partner’s recently launched $150 million Bedaya Fund II. The... News • 19 June, 2023 SVC
U.A.E Instashop acquires B2B wholesale marketplace GroCart UAE-based q-commerce startup InstaShop has acquired GroCart, a B2B marketplace that connects FMCG retailers with wholesalers. The value... News • 19 June, 2023 instashop Grocart
Morocco Morocco’s Colis.ma receives $50,000 from Kenya-based accelerator The Baobab Network Morocco-based logistics startup Colis.ma has received $50,000 from Kenya’s The Baobab Network as part of its accelerator... News • 18 June, 2023 Colis.ma
Saudi Arabia Jada Fund of Funds invests in Investcorp’s $500 million Saudi pre-IPO growth fund Jada Fund of Funds, a subsidiary of Saudi Arabia's Public Investment Fund (PIF) has invested in Bahrain's Investorcorp, a $500... News • 14 June, 2023 PIF Jada Fund of Funds
U.A.E Onex secures $1.2 million pre-seed funding round UAE-based healthtech Onex has raised $1.2 million in its recent pre-Seed funding round, led by Hambro Perks Oryx Fund with participation... News • 14 June, 2023 Onex Oryx Fund healthtech
