It was announced that Mohsin Haider Darwish, one of the biggest and leading business houses in the Sultanate of Oman, has consented to an arrangement to turn into a huge investor in the popular worldwide online marketplace “Nabay.com”. This particular partnership will help speed up the platform’s client-centered mission...
Egypt’s popular and leading VC firm, Algebra Ventures announced today on launching their second fund of around $90M. The fund was specifically dedicated to startups with the main goal to allocate their firm in the MEA region. They are currently aiming at first closing in 2021 on Q3.
Algebra has...
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 popular customer engagement platform from Riyadh, Unifonic has managed to raise about $125M in a Series B round. The series B funding round was led by SoftBank Vision Fund 2 and Public Investment Fund’s subsidiary Sanabil Investments. The announcement didn’t share any specific details on valuation. This specific...
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...
Flat6Labs Bahrain has concluded its 6th Cycle, in which eight startups participated in a 4-month acceleration program and received a $32,000 investment fund each.
Flat6Labs Bahrain is the latest Tamkeen-backed startup accelerator whose mission is to promote and launch both local and international startups in Bahrain.
Through its massive, far-reaching channel...
The popular Karachi-based B2B Ecommerce marketplace Bazaar has launched their fully digital ledger app, ‘Easy Khata’ which will allow retailers to seamlessly manage their accounting and ledger. The app was already debuted its first launch over a month ago having more than 100k active merchants registered across 400 cities...
It was announced that the Dubai Headquartered logistic SaaS group, Zip24 has raised about $1.2M in a pre-series round. The round was led by Sturgeon Capital, a unique investment fund from the UK. The round was joined by Hayaat Group, Teqvisory, Robert Kay and that’s not all. Some other...
A tech start-up based in Riyadh, Azom, which designs, develops, and sells computer software and electronics, has raised a Series A funding round worth $9.5M (36M Saudi riyal), from Assr AlJawal and an anonymous individual investor.
Azom was established to develop and provide electronics and technologies such as phones and other...
The Jordanian start-up scene has both regional and international recognition. The ecosystem is mostly shaped by young entrepreneurs in the ICT sector with prominent accelerators like Changelabs and IBDA3. Jordan is one of the key players in MENA’s Information and Communication Technology(ICT) forum. Jordanian start-up ecosystem aims to bring brilliant ideas of domestic...
