Tunisia Tunisia's Drest.tn raises $336,000 from 216 Capital Ventures Tunisia-based e-commerce platform Drest.tn has raised $336,000 from 216 Capital Ventures. Founded in 2020 by Omane and Malek Mzabi,... News • 30 April, 2023 Drest.tn E-commerce Fashion
Iraq Iraq’s Midient raises $125,000 pre-Seed from Flat6Labs Iraq-based SaaS startup Midient, has raised $125,000 in a pre-Seed funding round from Flat6Labs. Founded in 2021 by Ahmed Jamal, Omer... News • 30 April, 2023 Midient Flat6Labs
U.A.E GEM raises investment commitment in Everdome metaverse to $60 million GEM Digital Limited (GEM), a Bahama-based digital assets investment firm, has increased its investment commitment in UAE-based metaverse... News • 25 April, 2023 Everdome
U.A.E Flyksoft raises $55,000 Seed round UAE-based booking software provider Flyksoft has raised $55,000 in Seed funding from angel investors. Founded in 2023 by Mohammad... News • 18 April, 2023 Flyksoft SAAS
Tunisia Tunisia’s CoaChess raises $191,000 pre-Seed round Tunisia-based gaming platform CoaChess has raised a $191,000 pre-Seed funding round from Omicrone. Founded in 2021 by Iheb Kaabi,... News • 18 April, 2023 CoaChess Gaming
Saudi Arabia Noon lays off 10 per cent of workforce Saudi Arabia-based e-commerce platform Noon has cut 10 per cent of employees at its Dubai office to reduce costs according to... News • 18 April, 2023 Noon E-commerce
Egypt Nigeria-based Autochek acquires majority stake in Egypt’s Autotager Nigeria-based car financing platform Autocheck, has acquired a majority stake in Egypt's used cars marketplace, AutoTager, which was... News • 18 April, 2023 AutoCheck AutoTager
U.A.E Intellia launches AI-driven vetting and project delivery platform Intelllia, a provider of analytical and strategic support for investment and finance institutions, and corporate business development... News • 18 April, 2023 Intellia
Saudi Arabia Saudi fintech Hakbah closes $2 million pre-Series A round Saudi Arabia-based fintech Hakbah has closed a $2 million pre-Series A funding round, financed by Global Ventures and Aditum Investment... News • 12 April, 2023 Hakbah Fintech Global Ventures
U.A.E e& acquires majority stake in Careem’s Super App for $400 million UAE-headquartered communication firm e& (formerly Etisalat) has acquired a 50.03 per cent stake in Careem’s Super App spinout... News • 10 April, 2023 e& Careeem super app
U.A.E The UAE raises tax threshold for startups The UAE’s Ministry of Finance has raised the minimum threshold for corporate tax from $100,000 (AED375,000) to $816,000 (AED3... News • 09 April, 2023 uae Tax law entreprenership
Saudi Arabia Saudi Arabia’s Savvy Games acquires Scopely for $4.9 billion Saudi Arabia-based gaming platform Savvy Games Group, owned by the country's sovereign wealth fund, the Public Investment Fund... News • 06 April, 2023 Savvy Games Scopely
Saudi Arabia Shaker Group acquires 10% stake in Cashew UAE-based fintech Cashew has raised an undisclosed investment from Saudi company Shaker Group, for a 10% stake. Founded in 2019 by... News • 04 April, 2023 Cashew Shaker Group Fintech
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... News • 04 April, 2023 Scalo Technologies Venture Capital
Egypt Acasia Angels invests in Greek startup Swaplanet Egypt-based Acasia Angels has joined the €485,000 ($529,000) pre-Seed investment round in the Greece-based retail apparel swap... News • 04 April, 2023 Acasia Angels Swaplanet
Saudi Arabia King Saud University invests in STV’s Total Growth Platform The investment arm of King Saud University “Riyadh Valley Company (RVC)” has invested an undisclosed amount in STV’s... News • 02 April, 2023 King Saud University Riyadh Valley Company STV
