It was announced today that Kitopi, the popular cloud kitchen startup from Dubai has managed to raise about $415M in a Series C round. The round was led by SoftBank’s Vision Fund 2. The round is notably one of the biggest financing rounds led by a venture-back company in...
The popular freight marketplace from Lahore, BridgeLinx has managed to raise $10M. And it’s the country’s largest seed round to date and that’s not all. This regional largest seed round was led by Harry Stebbings’ 20 VC, Josh Buckley’s Buckley Ventures, and Indus Valley Capital. The seed round deal...
Tunis-based edtech startup GoMyCode has reported its multi-mainland venture into Algeria, Morocco, Egypt, Nigeria, Ivory Coast, Bahrain, and France, taking advantage of new business sectors subsequent to getting subsidizing last year. The platform was established back in 2017 by CEO Yahya Bouhlel, GoMyCode began as a coding school prior...
Jugnu, the Pakistan-based B2B eCommerce startup, and the online marketplace about their successful management of raising an undisclosed amount in its latest funding round. The latest funding round was led by Sarmayacar which is the Pakistan-based VC investing in Early Stage startups in the region. The round however marks...
Despite decreasing funding in the African continent, Nigerian startups succeeded in raising their funding to $160 million in the first Q1. Four countries including Nigeria, Kenya, South Africa, and Egypt accounted for %87 of startup investments during Q1, and the founding breakdown showed, Nigeria is leader with $160 m...
Mindshift Capital, the popular UAE-based funding firm has put resources into FORTË, an exclusive answer for digitizing wellness offered at fitness centers for the most convenience. Both innovation and membership-based streaming platform, FORTË introduces equipment and programming into studios, which empower classes to be streamed live to FORTË 's...
The popular Saudi-based FinTech and digital POS provider CashIn has managed to successfully raise about $1.6M in a funding round. The funding seed round was led by some of the most popular key investors including BIM Ventures along with a wide number of angel investors as well.
In the first...
USA-based REEF Technology Inc. of their acquirement of the popular UAE-based KaaS and cloud kitchen operator, iKcon. REEF is a leading operator of delivery kitchens, logistics, and proximity hubs in North America, marking their debut into the MENA region and that’s not all.
iKcon was founded back in 2019 and...
The Nuwa Capital, a Gulf venture capital fund has announced their first close debut fund of $75 million pretty much after a year of their lunch. This Dubai and Riyadh-based capital fund also known as ‘Nuwa Ventures Fund I’ (NVFI) has become one of the largest ones in the...
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,...
