U.A.E Digital bank Zand set to launch after Dubai Bank acquisition The shareholders of Zand, a digital bank that caters to retail and corporate clients, have acquired a majority stake in Dubai Bank... News • 23 December, 2021 neobanks Zand
Morocco Agenz raises $540,000 Seed round Morocco-based property valuation startup Agenz, has raised a $540,000 (DH5 million) Seed round from Azur Innovation Partners. Founded... News • 23 December, 2021 Proptech Agenz
Jordan Jordan-based Dawatech raises Seed round Jordan-based healthtech Dawatech has raised a seven-digit Seed round, led by Access Bridge Ventures, with participation from ISSF and... News • 21 December, 2021 Dawatech healthtech Access Bridge Ventures
Saudi Arabia Riyadh-based Shuttle raises $1 million led by Impact46 Saudi Arabia-based freight and logistics startup Shuttle has closed a SAR3.75 million ($1 million) Bridge to Seed round led by Impact46... News • 21 December, 2021 Shuttle Impact46
U.A.E CARS24 raises $300 million Series G round led by Alpha Wave Abu Dhabi's Alpha Wave has led a $300 million Series G round for India's used cars marketplace CARS24. The round also saw... News • 20 December, 2021 CARS24 Alpha Wave
Oman Oman’s Akeed raises $2.5 million Series A round Oman-based food delivery app Akeed Delivery has raised $2.5 million in a Series A round, backed by Phaze Ventures and IDO (Sovereign... News • 20 December, 2021 Akeed IDO Phaze Ventures
U.A.E SimpliFi raises $5.1 million in funding to enhance its technology UAE-based Cards as a Service (CaaS) platform for Mena and Pakistan SimpliFi, has raised $5.1 million in funding, from Global Founders... News • 20 December, 2021 SimpliFi CaaS Ra'ed Ventures
Saudi Arabia Jahez sets final offer price for IPO at $226 per share Saudi online food delivery platform Jahez has announced its initial public offering price on the Saudi parallel exchange market Nomu at... News • 19 December, 2021 Jahez
Egypt AIM Technologies raises Seed round from Sequence Ventures Cairo-based AI-based customer experience platform AIM Technologies has raised its Seed round, led by Sequence Ventures, a newly-launched... News • 19 December, 2021 AIM Technologies Sequence Ventures
Saudi Arabia Sary raises $75 million Series C round Saudi Arabia B2B e-commerce marketplace Sary has raised SR281 million ($75 million) in a Series C round led by Sanabil... News • 19 December, 2021 SARY B2B e-commerce
U.A.E Wamda participates in Englease's $3.4 million Seed round Wamda has participated in UAE-based online English teaching platform Englease.com's $3.4 million Seed round, co-led by US-based... News • 19 December, 2021 EdTech Englease
Egypt SweepSouth fully acquires Filkhedma South African startup SweepSouth, has acquired 100 per cent of Egypt-based marketplace for home services Filkhedma for an undisclosed... News • 19 December, 2021 Felkhedma home services marketplaces
Egypt Flat6Labs partners with ESLSCA for student incubation programme Flat6Labs has launched an innovation and entrepreneurship incubation programme, in partnership with ESLSCA University. The programme... News • 19 December, 2021 Flat6Labs ESLSCA
U.A.E Mindshift Capital doubles fund size UAE and US-based venture capital firm Mindshift Capital has doubled its fund size attracting new US and Middle East investors to its... Nesma Abdel Azim • 16 December, 2021 Mindshift Capital
Egypt UAE’s ADQ to invest in Egypt as part of TSFE deal Abu Dhabi’s state-owned holding firm ADQ has expanded its services into Egypt, by opening its Cairo office. The opening of... News • 15 December, 2021 ADQ Sovereign Fund of Egypt TSFE
Saudi Arabia Rodha app raises $400,000 Saudi Arabia-based foodtech startup Rodha, has raised SAR 1.5 million ($400,000) via crowdfunding platform Scopeer. Founded by... Dunya Hassanein • 15 December, 2021 Rodha app Scopeer
