The popular UAE-based healthy snack brand for children Koala Picks has managed to raise about $408.4K which is roughly 1.5M in AED in their first external funding round. The funding round was led by friends and family investors. The funding round didn’t have any institutional investors and all funding...
The Abu Dhabi-based sovereign investor Mubadala has finally invested about $75M in 5-year pre-IPO convertible bonds of Telegram. Telegram is an open-source popular social media platform mainly known for its security-focused services over other popular social media.
The investment and partnership aimed at creating a new collaboration of opportunities between...
Supy, the popular UAE-based B2B food marketplace has managed to raise about $1.5M in a Pre-Seed funding round. This latest Pre-Seed Funding round was co-led by UAE-based investor COTU Ventures and US-based Valia Ventures, marking their first investment in MENA.
Supy was founded by CEO Dani El-Zein, previously COO at...
A tech start-up based in Riyadh, Azom, which designs, develops, and sells computer software and electronics, has raised a Series A funding round worth $9.5M (36M Saudi riyal), from Assr AlJawal and an anonymous individual investor.
Azom was established to develop and provide electronics and technologies such as phones and other...
It was announced that the Dhaka-based SaaS startup, Alice Labs has raised $500K up in a seed financing round. The startup offers a multi-channel client care answer for online organizations and that’s not all. The round was led by Anchor-less Bangladesh and joined by HOF Capital. It is the...
iKcon, a Dubai-based Cloud Kitchen Platform was founded by Khalid Baareh, the current CEO, and Kareem Abughazaleh, the COO of the platform back in 2019 and it’s the lead cloud kitchen service across the Middle East. They procure and delivers food on behalf of the restaurants and other brand...
The Licorne Gulf-advised fintech company Spendwisor of their investment commitment from GEM Global Yield LLC SCS. The investment was roughly $50M from GGY which is a Luxembourg-based private alternative investment group worth $3.4B. With this facility, Spendwisor plans on tapping the full potential of the growing fintech market in...
Multiply-Group which is an Abu Dhabi-based International Holding Company’s subsidiary is set to launch a new joint venture with Firefly. Firefly is a US ride-share advertising startup and it’s popular for dynamic advertising. The new project on this joint venture will be based in Abu Dhabi along with bringing...
The UAE-based healthcare platform Smileneo has raised about $2 million in a seed round. The round is one of the biggest seed rounds that was raised in the MENA region by any teeth-straightening direct-to-consumer business. The round also included a lot of different anchor investments from several leading international...
It was announced that the Moroccan eye-wear eCommerce startup LNKO will be soon expanding to the UAE after having closed a DH 3M which is roughly $335K. It’s from the investment arm of Moroccan bank, CDG Capital through its 212Founders acceleration program.
The startup was launched back in April 2020...
