Saudi-based on-demand marketplace and foodtech platform Siwar has successfully managed to raise about $7.5M in its latest funding round. The funding round was led by Riyadh-based travel services company Seera Group with the participation of key investors in the region.
The platform was launched back last year and it’s been...
Since 2004 Iran has put efforts in launching some version of a domestic search engine within the country, these projects often had significant government funding and backing as they were perceived to help the Iran intranet network of information (which is Iran's local internet of sites often switched on...
A platform for esports and gaming, SaudiGamer.com, has been acquired by Webedia Esports Agency, an international gaming experts via Webedia Arabia Group –it’s local arm (based in UAE, KSA, and Lebanon).
The involvement of Webedia Arabia Group will consolidate SaudiGamer.com and her social channels to firmly establish it as the...
Mubadala, Abu Dhabi's prominent sovereign wealth fund, is reportedly in advanced discussions to significantly increase its investment in Revolut, the UK-based digital banking and payments powerhouse. The potential deal, valued at approximately US$100 million (£78 million), would see Mubadala acquire an additional stake in Revolut, which is now commanding...
Ranking Report for 2021 MENA Venture Investor revealed that in 2020, there was a decline in accelerator activity, with ​10%​ of all active investors being accelerators in MENA across all countries for its lowest level in five-years. This indicates a 29% ​reduction from the previous year.
With 2020 bringing a...
FOODICS, a Saudia Arabia-based all-in-one restaurant management platform raised about a $20M Series B funding round at the start of the year. The funding round was led by Sanabil Investments and was also co-led by STV earlier this year. Other investors included Derayah, Endeavor Catalyst, and Elm in the...
AlgoDriven, the UAE-based automotive data platform that has successfully managed to raise about $2M in its latest Series A funding round. The funding round was led by Global Ventures, the Dubai-based international VC, and recorded participation from Automotive Ventures, an Atlanta-based venture capital firm making their first international investment,...
The Egyptian eCommerce SaaS solution supplier zVendo has effectively raised a seven-figure Pre-Series A financing round from Mobica and Gratus Holding. The platform was established back in 2018. zVendo was made by Egyptian entrepreneurs to oblige the developing E-trade market in Egypt, Middle East, and Africa meaning in the...
After Lezzoo acquired a seven-figure financing round, there has been increased activity in Iraq’s fundraising sector. Lezzoo has bought Erbil Delivery while Tech Ventures is dominating the six-figure financing round in Alsaree3/Zajil. These activities are a clear indication of the Iraqi market’s potential. Here are some fascinating takeaways based...
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...
