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...
Beginning a start-up company presents challenges, even in normal circumstances, but in 2020, and now in 2021, start-ups across the globe are suffering financially due to the effects of the Covid-19 pandemic.
Within the UAE, many small businesses have already folded, have been put on hold or are struggling to...
Amenli, the YC-backed startup has managed to attract a $2.3M seed round investment for providing insurance services across Egypt and that’s not all. The round had investment from several firms from both local and foreign. The investment firms include GFC, P1 Ventures, Liquid2 Ventures, Anim Fund with Costanoa VC,...
Retalio, the popular Saudi-based B2B E-trade commercial center startup has raised a $6.7M seed venture round very recently making them the biggest seed round speculation on record for a Saudi startup and that’s not all. The startup was led by Shorooq Partners and Abercross Holdings, and with the interest...
The popular funding firm Nama Ventures from the KSA has declared its launch of another $27M funds that have been raised from high-net-worth financier along with, institutional financial investors and even family workplaces. In spite of the fact that the asset will focus on new businesses in KSA, Nama...
The popular Robo-advisor fintech startup StashAway has recently brought $25M up in its Series D financing round and that’s not all. The round was led by one of the most popular and leading funding firms, Sequoia Capital India. StashAway is a Singapore-based advanced wealth managing platform that conveys customized...
OpenSooq with its HQ in Jordan raised $24 million funding lead by Saudi Jordanian Investment Fund (SJIF), FJ Labs, and iMENA Group.
Open Sooq allows consumers and SME's to trade across a MENA level geography offering categories in prime sectors such as property, electronics, fashion, local crafts and interior decoration....
Flat6Labs in Bahrain has provided seed investment to UAE based HR platform Knack. This B2B platform was founded in Sharjah, UAE in 2020 by Divesh Lachhwani and Amna Aljarwan in effort to provide coaching, mentor ship and other HR related services to companies; and at times individuals.
At the time...
This funding round was led by Flat6Labs, Vision Health Pioneers ( German based incubator) and supported by a group of expat angel investors from the USA, EU, Australia, and KSA. Their investment underlines a shared commitment to improving mental health care quality and accessibility in our region.
Arab Therapy's strategy...
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...
