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Startup

Startup refers to new companies seeking to disrupt or innovate an industry using digital and technology.

Sankeen Founders
In a seed funding round, the Egypt-based online portal, Sakneen, that helps home buyers locate properties, has raised $1.1 million with support from Sarwa Capital and Foundation Ventures and led by Algebra Ventures. Others entities that invested in the round were Nakhla VC - a Saudi-based fund, Hem+Spire - a US-based...
ZVC Logo
The launching of Al Zayani Venture Capital has been announced by Al Zayani Investment Group. The company has its headquarters in Manama, Bahrain. It has its focus on investment in disruptive technology and start-ups. In 1977, Al Zayani Investment Group was established in Bahrain. This makes it one of the...
free legal documents to enhance fundraising
The Angel Investment Network of the Middle East (MAIN), which promotes angel investing in the region, has announced a free standard Egyptian legal document for early-stage founders and investors. This was done in collaboration with the Development Cooperation in Germany implemented by GIZ Egypt (GIZ), a network of MENA’s leading...
Ayana
A start-up based in UAE, XPLOR, which seeks to bring about massive change in the real estate and construction industries in MENA, has raised $3 million from Ayana Holding in a seed funding round. The start-up was founded in 2015. It is a digital twin, 3D tech, and master planning tool which...
EngageSoft Logo
A SaaS platform for employee engagement, Engagesoft, based in Jordan has announced a Pre-Seed investment in six-figures from angel investors based in Jordan and Saudi Arabia. Engagesoft began its operation officially in Amman in the last quarter of 2020. The start-up was founded by a team with a vast knowledge in...
Tarabut Gateway Logo
Open Banking is an Internet-based service that allows small business owners to access their own money. The service is available to businesses of all sizes, but particularly to those in the technology and software industries. Open Banking is based on the Open Source Software concept, which is a form...
Nymcard Logo
Fintech NymCard which has its headquarters in Abu Dhabi, announced in a statement that it has launched an Open API platform for issuing and processing of payment cards. The announcement is coming on the heels of NymCard’s $7.6 million Series A which the company had raised the previous month. The...