Elkaso, the popular UAE-based B2B marketplace has managed to successfully raise about $2.1M in its latest funding round was led by Global Founders Capital and MSA Capital. Although it was joined by key strategic global and regional investors including former and current leaders of Careem, Delivery Hero, Apple, Faith...
It was announced in a statement today that the popular Kuwait-based online flowers and gifting platform Floward have managed to raise $27.5M in a Series B round. The round was led by STV and that’s not all. Impact 46 also joined the round alongside as well. As of now,...
The global payment company Stripe finally executed their expansion in the Middle East and was announced very recently. They’ve officially launched their platform in the UAE with their first office opening in the Dubai Internet City. The private beta of the company was already launched a couple of months...
Savola Group is a publicly listed group in Saudi Arabia, and operates companies in both the food and retail industries. They have recently announced the launch of a Corporate Venture Capital Program.
The program is for the purpose of distributing innovative technologies, providing food and retail opportunities on a global...
It is always sad to see whole families forced to leave their houses and roots to strange lands due to wars and disasters. Yet, despite the obvious hardships and upheaval that comes with being a refugee, some have overcome the challenges of their situations and have created platforms, structures...
Cartona, the popular Egypt-based B2B platform connecting retailers to manufacturers and wholesalers about their successful management of raising about $4.5M in their latest Pre-Series A funding round. This particular Pre-Series funding round was led by Global Ventures. The round was also joined by Kepple Africa Ventures, T5 Ventures, and...
It was announced today that the well-known Saudi Company Tamer Group is to acquire Mumzworld. The group has interests in healthcare, beauty, and FMCG products and Mumzworld is the leading eCommerce platform in the region for mother, baby, and child products. Although they didn’t announce the details on the...
Maqsad, the popular Karachi-based Edtech platform on successfully managing to raise about $2.1M in a Pre-Seed round. This particular pre-seed round was led by Indus Valley Capital. The round was also joined by Alter Global, Fatime Gobi Ventures along with several founders of different startups both in Pakistan and...
Pavegen is very popular for developing and installing kinetic walkways that convert several things into psycho-graphic and emotional insights. They mainly take footsteps into off-grid, data, and clean electricity and then use the conversion methods. The generated energy then is used to power applications including LED lighting and e-link...
The Angel Investment Network of the Middle East (MAIN), which promotes angel investing in the region, has announced a free standard Egyptian legal document for early-stage founders and investors.
This was done in collaboration with the Development Cooperation in Germany implemented by GIZ Egypt (GIZ), a network of MENA’s leading...
