Sotech, the popular Egypt-based IoT solutions, and Health-tech startup about their successful raising of $1M in their latest Pre-Seed funding round. The pre-seed funding round was led by Innlife investments and key corporate investor Al Raya Kuwaiti.
Sotech was founded back in 2020 in the middle of the pandemic. Ever...
The popular Silicon Valley FinTech startup Tribal Credit managed to raise about a $34.3M Series A financing round which was announced today. The round was led by QED Investors and Partners for Growth (PFG) and that's not all. The round was also joined by existing financial investors like BECO...
The Co-Founder and former Chief Technology Officer, Ahmed Sabbah is back with his new gig Telda after leaving the Egyptian transportation startup last month. Telda is a fintech platform that will innovate ways of spending money for Gen Z in the Middle East. The platform was launched earlier this...
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 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...
Zeew, the Egypt-headquartered E-commerce platform has managed to raise about $170K from Sanabil 500 MENA Seed Accelerator and it was announced today. Sanabil 500 MENA Seed Accelerator is a joint initiative of Sanabil Investments and 500 startups. And that makes the startup with a total sum of $400K which...
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...
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...
Sawari Ventures has closed their startups in their Egyptian-focused fund with about new commitments of $28M which roughly 440M in EGP. The commitments were from Kuwait Investment Authority’s Ekuity, Banque Misr, Suez Canal Bank, Misr Insurance Group, National Bank of Egypt, and Banque du Caire. In the previous round,...
Aldar Properties has launched its six-month entrepreneurship incubator program on its second round of the Manassah program. Their program is mainly aimed at attracting exceptional talents from all over the GCC and advance them under their wings. Aldar had held their partnership with startAD before and this global startup...
