Since 2004 Iran has put efforts in launching some version of a domestic search engine within the country, these projects often had significant government funding and backing as they were perceived to help the Iran intranet network of information (which is Iran's local internet of sites often switched on...
Despite a significant decline in funding in 2023, Middle Eastern fintech companies demonstrated remarkable resilience; Navigating challenges such as high-interest rates and geopolitical uncertainties, these fintechs are leveraging innovative technologies and pursuing expansion strategies. According to KPMG, fintech funding in Europe, the Middle East, and Africa dropped to its...
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...
MENA Industry Venture Report for 2021 has revealed that based on funding amount, the top 7 industries in MENA all together accounts for 74% of all the invested capital in 2020, while 49% of transactions accounted for the top 7 industries by deals.
In spite of the overall reduction in...
Pavegen is very popular for developing and installing kinetic walkways that convert several things into psycho-graphic and emotional insights. They mainly take footsteps into off-grid, data, and clean electricity and then use the conversion methods. The generated energy then is used to power applications including LED lighting and e-link...
The Jordanian vehicle history announcing platform CarSeer has announced raising a six-figure Seed round from Arzan Venture Capital and more to be said.
The platform was founded back in 2015 by Hashim Hasan and Amjad Al-Zabin. The platform gives help with the appraisal of pre-owned vehicles determined to ensure everyone...
Zeew, the Egypt-headquartered E-commerce platform has managed to raise about $170K from Sanabil 500 MENA Seed Accelerator and it was announced today. Sanabil 500 MENA Seed Accelerator is a joint initiative of Sanabil Investments and 500 startups. And that makes the startup with a total sum of $400K which...
A recently launched venture capital platform, DisrupAD has set to launch $32.7M on a seed accelerator programme by teaming up with Flat6Labs. The platform is based on Abu Dhabi investment firm ADQ and the seed accelerator programme is set to invest and innovate the expansion of about 20 startups...
SadaPay, the Islamabad-based fintech platform has raised about $7.2M in a seed round it has achieved being the largest-ever seed round that was closed by a Pakistani startup. This seed round was led by Recharge Capital, a New York-based private non-profit cross-border platform. The seed round also was joined...
Maqsad, the popular Karachi-based Edtech platform on successfully managing to raise about $2.1M in a Pre-Seed round. This particular pre-seed round was led by Indus Valley Capital. The round was also joined by Alter Global, Fatime Gobi Ventures along with several founders of different startups both in Pakistan and...
