U.A.E Careem suspends operations in Qatar UAE-based superapp Careem has suspended its operations in Qatar. The Uber-backed app launched its service in Qatar in 2013, a year... News • 28 February, 2023 careem
Saudi Arabia Amwal raises $2.5 million pre-Seed round Saudi Arabia-based fintech Amwal has secured $2.5 million in a pre-Seed round co-led by Shorooq Partners and Outliers Venture Capital... News • 28 February, 2023 Outliers Venture Capital Shorooq Partners Amwal
Iraq Iraq’s Orisdi closes $220,000 Bridge round Iraq-based e-commerce platform Orisdi has raised $220,000 in a Bridge round. The round was closed in January and saw participation... News • 28 February, 2023 Orisdi closes $220 000 Bridge round Orisdi
Morocco KOOLSKOOLS raises $960,000 from Azur Fund Morocco-based edtech KOOLSKOOLS has secured a $960,000 (MAD 10 million) investment from Azur Innovation Fund. Founded in 2020 by... News • 27 February, 2023 KoolSkools Azur Innovation Fund EdTech
U.A.E Nadeera raises $200,000 through Beban TV show UAE-based cleantech Nadeera has received a $200,000 investment from Bahraini VC firm Hope Ventures during an episode of the Beban... News • 27 February, 2023 Nadeera Beban Hope Ventures
Saudi Arabia Munjz closes $5 million Series A round Saudi Arabia-based proptech Munjz, has closed a $5 million Series A round, led by undisclosed investors, in addition to Vision Venture,... News • 27 February, 2023 Saudi Arabia Munjz Proptech
Bahrain Parcel raises $1 million through Beban TV show Bahrain-based last mile provider Parcel, has raised $1 million from Hope Ventures, along with Jahez and Cari, during an episode of... News • 23 February, 2023 Parcel Jahez Cari
Egypt tabby halts operations in Egypt UAE-based buy now and pay later (BNPL) startup tabby, has shut down its operations in Egypt five months after launching its service in the... Dunya Hassanein • 22 February, 2023 Tabby Fintech BNPL
Egypt Hollydesk raises $1 million venture debt Egypt-based fintech Hollydesk has raised $1 million in venture debt financing from unknown investors. Founded in 2020 by Mahmoud... News • 22 February, 2023 Hollydesk Fintech
U.A.E India’s makeO acquires UAE-based Smileneo India-based healthtech makeO has acquired UAE-based healthtech Smileneo, for an unknown sum. Founded in 2019 by Jonathan Doerr,... News • 21 February, 2023 makeO Smileneo healthtech
U.A.E 8X Ventures to deploy $20 million in Mena cleantech startups UAE-based VC firm 8X Ventures plans to deploy $20 million in the Mena region's climate tech and cleantech startups. It also plans to... News • 19 February, 2023 clean tech 8x Ventures
Regional COREangles launches COREangels MEA to invest in startups in the Middle East, Africa COREangels, a global community of angel funds and investors has launched the COREangels MEA to target investments in early-stage... News • 19 February, 2023 COREangels
Global KBW Ventures invests in Rebellyous Food’s $9.5 million round UAE-based KBW Ventures, founded by HRH Prince Khaled bin Alwaleed bin Talal Al Saud, has invested in a $9.5 million equity round for... News • 19 February, 2023 KBW Ventures
Saudi Arabia Saudi mobility startup Telgani closes $6 million Series A round Saudi Arabia-based mobility startup Telgani has closed a $6 million Series A funding round, co-led by Hala Auto and Elm... News • 15 February, 2023 Telgani Hala Auto Elm Company
U.A.E e& acquires UAE-based ServiceMarket etisalat by e&, has fully acquired UAE-based household marketplace, ServiceMarket. Founded in 2013 by Bana Shomali and Wim... News • 15 February, 2023 e& etisalat ServiceMarket
U.A.E SANTECHTURE raises investment from Shorooq Partners and Gulf Capital UAE-based healthtech SANTECHTURE has raised investment from Gulf Capital (GC) and Shorooq Partners. The amount raised was not... News • 15 February, 2023 SANTECHTURE Shorooq Partners Gulf Capital
