MENA Industry Venture Report for 2021 has revealed that based on funding amount, the top 7 industries in MENA all together accounts for 74% of all the invested capital in 2020, while 49% of transactions accounted for the top 7 industries by deals.
In spite of the overall reduction in...
The popular Egypt-based furniture marketplace platform Kemitt has raised a six-figure seed round to gather pledges from a gathering of Saudi Angel investors and that's not all. These supports will be effective to work with Kemitt's development all through Egypt. They additionally plan to distribute these assets carefully to...
Kenz, the Ramallah-based platform aims at helping women to find their preferable fashion and style that suits them. The platform is popular for launching the first Arabic calculator for getting bra and shapewear sizes. Lingerie being the most difficult product category that needs accurate measures, over 80 percent of...
It was announced today that the popular Sydney-settled fintech platform Zip has procured Middle Eastern ‘buy now pay later’ platform Spotii for a venture worth $20M. The cash will be paid in Zip's shares, cash, or a bit of both. As a feature of the arrangement, Spotii investors will...
Gazal was founded and established back in 2020 with a goal to help innovate, improve and redesign the entire future of transportation in GCC and the KSA region. Their aim is to use it for short-distance travel and innovate the use of sustainable and healthier alternatives for the transportation...
It was announced by the popular Jordanian AI-driven platform Algebra Intelligence of the closing of a $310K Pre-Seed financing round. The platform is most popular for monitoring energy solutions and the startup was a great success. The financing round was led by Oasis500.
The platform was founded by Mr. Ahmad...
It was announced that EdVentures, the popular funding wing of the Egyptian Nahdet Misr Publishing Group, has gotten the 'Training Investors of the Year' grant for the MENA area by UK-based web magazine ‘Corporate Vision’ and that’s not all. This particular honorary award for ‘Education and Training' classification tries...
The MSA was selected by the ISSF because of its board experience in the industry, robust track record, global access, and deep roots in the East and China. And this new access to MSA’s resources will certainly allow the ISSF to develop themselves in a competitive and entrepreneurial ecosystem...
It was announced by the popular Pakistan-based Sarmayacar VC that it has helped dispatch their shipping marketplace center TruckSher. The VC firm didn't unveil the size of capital it has infused into the startup. It didn't share the specific insights concerning how much stake it possesses in TruckSher however...
It was announced today that the popular Kuwaiti beauty eCommerce platform Boutiqaat has been freed from the money laundering case they’ve been fighting against. The entire case was dismissed after finding pretty much no evidence of any illegal activities regarding money laundering by the public prosecution. They’ve been under...
