Iraq Rocket Internet-backed Iraqi super app Baly raises $10.5 million Iraq-based super app Baly, backed by Germany’s Rocket Internet has closed a Seed round of $10.5 million from Kingsway Capital, MSA... News • 28 January, 2022 super app iraq
Egypt Splendapp raises pre-Seed round to fuel expansion Egypt-based Splendapp has raised a six-figure pre-Seed round from Saudi Arabia-based angel investors. Founded in 2020 by Mohamed... News • 27 January, 2022 TheSplendApp SAAS
U.A.E $150 million VC fund to boost India-UAE startup ecosystem HCL Founder and Chairman of Startup Committee FICCI, Dr Ajai Chowdhry has launched an India-UAE VC Fund of $150 million with the aim to... News • 26 January, 2022 HCL FICCI India
Tunisia Tunisia-born InstaDeep raises $100 million Series B round Tunisia-born InstaDeep has closed its Series B round at $100 million, led by Alpha Intelligence Capital together with CDIB, alongside... News • 26 January, 2022 InstaDeep SAAS Artificial intelligence
Saudi Arabia Saudi fintech Sanad Cash raises $1.6 million Seed round Saudi Arabia-based on-demand payment Platform Sanad Cash, Inc. has raised a $1.6 million Seed round with participation from Impact46... News • 26 January, 2022 Sanad Cash Impact46
U.A.E UAE’s Chimera Capital closes second fund Alpha Wave Ventures II at $10 billion UAE-based investment firm Chimera Capital has closed its second VC fund Alpha Wave Ventures II at $10 billion, co-managed with... News • 25 January, 2022 Chimera Capital Alpha Wave Ventures II
Saudi Arabia Saudi Arabia's cloud kitchen Creative+ raises $2 million Press release: Creative+ Cloud Kitchen announced the closure of its first investment rounds worth more than $2 million, with the... News • 25 January, 2022 Creative+ cloud kitchen
Saudi Arabia Legends Gaming raises $1.2 million via Scopeer Saudi e-gaming marketplace Legends Gaming has secured SAR 4.5 million ($1.2 million) from 674 investors via crowdfunding platform... Dunya Hassanein • 25 January, 2022 Legend Gaming Scopeer
Palestine Ibtikar Fund II closes first round at $15 million Palestine-based Ibtikar Fund has announced the first closing of its second fund Ibtikar Fund II CV at $15 million out of a target fund... News • 24 January, 2022 Ibtikar Fund
Bahrain Savii expands to Bahrain following pre-Seed round Savii, a UAE-based neobank for children, has launched its services in Bahrain after raising a pre-Seed round from angel investors in the... News • 24 January, 2022 Savii neobanks
U.A.E Anghami set for NASDAQ listing as Vistas shareholders approve merger A merger between Lebanon-founded music streaming startup Anghami and Vistas Media Acquisition Company, a publicly traded special... News • 21 January, 2022 anghami SPAC
Morocco Morocco’s Chari raises bridge round Morocco-based B2B e-commerce and fintech startup Chari, has closed an undisclosed bridge round led by the Saudi-based venture capital... News • 20 January, 2022 Chari Fintech
Egypt Fawry to raise $50.8 million growth capital, explores a US Listing Cairo-based fintech Fawry plans to raise $50.8 million of growth capital through a rights issue to existing shareholders, to be used to... News • 20 January, 2022 fawry Fintech
Saudi Arabia Lean raises $33 million in round led by Sequoia Capital Saudi Arabia-based fintech Lean Technologies has raised $33 million in a Series A round led by Sequoia Capital India, marking the US... News • 20 January, 2022 Lean Technologies Open banking Sequoia Capital
U.A.E UAE’s Hamples raises pre-Seed round from Nama Ventures UAE-based try-before-you-buy e-commerce Hamples has raised pre-Seed funding round for an undisclosed amount by Nama Ventures. Founded ... News • 18 January, 2022 Hamples Nama Ventures
Bahrain Rain raises $110 million in Series B funding co-led by Paradigm and Kleiner Perkins Bahrain-based cryptocurrency exchange Rain, has raised $110 million in its Series B funding round co-led by Paradigm and Kleiner Perkins... News • 18 January, 2022 cryptocurrency rain
