It was announced in a statement today that the popular Kuwait-based online flowers and gifting platform Floward have managed to raise $27.5M in a Series B round. The round was led by STV and that’s not all. Impact 46 also joined the round alongside as well. As of now,...
The Doha-based E-commerce startup, Snoonu raises $5 million in a Series A funding round this week and that’s not all. The round was led by a mutual strategic partner of the startup, QDB or Qatar Development Bank along with several other investors.
Snoonu was founded by Hamad Al Hajri back...
The corporate funding foundation of UAE-based Crescent Enterprises, CE-Ventures has promised to pretty much increase its VC interests in new companies to reach $272M by next year and that’s not all. CE-Ventures has put more than $136M out of 32 new businesses and VC assets across the MENA locale,...
The first companies to have been granted a digital banking license in Saudi are STC Pay along with another local firm. The license was issued by Saudi’s finance minister which was approved by The Saudi Cabinet. And it was announced by the state news agency that day. Now it’s...
It was announced that one of the UAE’s leading institutional investors EDB aka The Emirates Development Bank has signed an agreement with the country’s first peer-to-peer (P2P) lending platform, Beehive. While allocating just over $8M which is roughly AED 30M in funding for the platform to distribute to creditworthy...
Saudi Arabia-based insurance as a help (IaaS) stage that Eltizam has raised SAR2.5M which is roughly $666K through the crowdfunding platform ‘scopeer’. Established by Hani Al Malki (CEO) and Khaled Al Ahmadi (CTO), Eltizam hopes to digitize the nearby insurance business industry AI innovation. It offers insurance-related items crossing...
OTO, the Saudi-based Shipping management software and delivery platform that they’ve managed to successfully raise $3M in their latest seed funding round. The funding round was led by Middle East Venture Partners (MEVP) and Derayah Capital.
OTO was founded by CEO Mohammad Al-Razaz and CTO Furkan Uzar. And it has...
It was announced that the popular port operator with a worldwide reach, DP World has launched 'Dubuy' which is a discount web-based eCommerce platform. Hoping to interface purchasers and merchants on a global scale with merchandise delivered through the production network of DP World and its coordination for the...
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...
Announced today, Pakistani Lahore-based edtech Edkasa has raised about $320K in a pre-seed funding round. The round was closed a couple of months ago and it was led by i2i Ventures, but the announcement was made today instead. The round was joined by Zayn Capital, Walled City Co along...
