It was announced recently that one of the most popular and leading accelerators, Flat6Labs has finally expanded to Jordan with their launch of a $20M seed fund. The providing fund which is Jordan Seed Fund has effectively completed the first close of $7.4M from the International Finance Corporation (IFC),...
FII Institute, a Saudi-based investing giant has announced their investment of $500K in Paris-based space technology startup Interstellar Lab. The investment was done as part of their inclusive mission to provide the empowering the most eligible and brightest minds in leveraging scientific innovation for a better future.
The financial equity...
It was announced by Jahez International Company for Information Technology (Jahez) that the arrangement of HSBC Saudi Arabia as the Sole Financial Advisor and Global Coordinator for its possible first sale of stock (IPO) on the Saudi Exchange's Nomu - Parallel Market. Jahez is a local Saudi business that...
The powers in Saudi Arabia have recently announced they have established a bank for the small and medium enterprises in the country. They made the announcement during the weekly meeting of the cabinet, which is where the elected officials in Saudi Arabia discuss developments on a regional, global, and...
FOODICS, a Saudia Arabia-based all-in-one restaurant management platform raised about a $20M Series B funding round at the start of the year. The funding round was led by Sanabil Investments and was also co-led by STV earlier this year. Other investors included Derayah, Endeavor Catalyst, and Elm in the...
After Lezzoo acquired a seven-figure financing round, there has been increased activity in Iraq’s fundraising sector. Lezzoo has bought Erbil Delivery while Tech Ventures is dominating the six-figure financing round in Alsaree3/Zajil. These activities are a clear indication of the Iraqi market’s potential. Here are some fascinating takeaways based...
In 2021, Faisal Rashed established this Bahraini loyalty program known as Ahlan App and has secured a $3 million investment which values the company at 15 million dollars. This was considered Ahlan's first-round investment that was followed and led by Hope Ventures investment group. Besides other angel investors joining...
The popular Egyptian Gaming startup Gamesbandy has gotten undisclosed Seed round support from Flat6labs Bahrain and Tamkeen. It is a popular gamer commercial center inside the MENA region, allowing access to clients to execute securely, offering trust and legitimacy to make deals and transactions. Gamesbandy at that point acquires...
This year was the most successful year for Anghami in its noteworthy ascent by moving to Abu Dhabi and reporting its coming posting on NASDAQ New York which has made it MENA's most anticipated and leading streaming platform and that’s not. And all that has quite recently declared the...
It was announced that Arrow Labs, a popular Dubai-based software startup has managed to raise $5M in Series A from Tim Draper’s Draper Associate. There were participation in the round by Global Ventures and B&Y Ventures. The investment is notably the first investment ever made in the Middle East...
