The popular water solution app from Saudi Arabia, Moya App has finally managed to successfully raise about $2M in their latest funding round. The funding round was led by MLM Invest Company. The platform was first launched back in 2019 by Abdulrhman Almustafa, Abdullah Alshuaibi & Ahmed Alkadi. Ever...
Abu Dhabi has made another committee to manage the improvement of free zones in the emirate and survey enactment administering every one of them so that the regulations stay intact. The Executive Council of Abu Dhabi has given a choice to shape the Free Zones Council, led by the...
Egypt-based investment company EFG Hermes has announced their investment of $725M in Ignis Energia, a Spanish renewable energy specialist via the company’s private equity arm’s Vortex Energy Fund as a series of capital injections. And it will be deployed over the next few years under some conditions of course.
It’s...
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...
Laverie was founded back in 2018 and has been fully operational ever since. They’ve already processed more than 60k items from a very popular client base of over 4k active registered users from the platform. The platform provides fully digitized laundry services to the clients along with order tracking...
It was announced that the popular Egyptian-based logistic platform for eCommerce commercial center, Flextock raised a $3.25M Pre-Seed financing round. The round was held Foundation Ventures (Egypt), MSA Capital (China), CRE Venture Capital (South Africa), Alter Global (US), JIMCO – Jameel Investment Management Company (Saudi Arabia), B&Y Venture Partners...
Sprout FZCO, is a company founded by biochemist Oz Erbas and marketing technologist Katerina Papatryfon, the major aim is to usher in a new age of kids' food production focused on science and health improvement. Sprout foods are made entirely of whole plants and heavily rely on locally sourced...
Samurai Incubate Inc, the popular venture capital firm from Tokyo closed its “Samurai Africa 2nd General Partnership” fund very recently. They’ve successfully managed to secure about $18.6 million which is roughly 2.026B yen.
This platform with pretty much an oversubscribed funding firm saw a scope of corporates and several financial...
It was announced that UAE-headquartered popular IoT startup iWire has managed to raise a $34M Series A funding round. The round was led by Noor Capital and was joined by Bpifrance. The startup has been building country-wide communication networks to improve and power a huge number of IoT solutions...
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...
