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...
Dubai’s Citron was founded by Sara Chemmaa back in 2017 right after she found out about a need for leakproof and fashionable lunchboxes in the market. The brand has already grown by including over 90 products in its name and that’s not all. They’ve launched products ranging from sustainable,...
Cairo-based furniture eCommerce commercial center Homzmart has brought $15 million up in a Series A drove by MSA Capital and Nuwa Capital, it reported in an articulation today. The round additionally incorporated the interest of the Rise Capital, Impact46, EQ2 Ventures, and Outliers Venture Capital. It had recently brought...
Abu Dhabi has made another committee to manage the improvement of free zones in the emirate and survey enactment administering every one of them so that the regulations stay intact. The Executive Council of Abu Dhabi has given a choice to shape the Free Zones Council, led by the...
OpenSooq with its HQ in Jordan raised $24 million funding lead by Saudi Jordanian Investment Fund (SJIF), FJ Labs, and iMENA Group.
Open Sooq allows consumers and SME's to trade across a MENA level geography offering categories in prime sectors such as property, electronics, fashion, local crafts and interior decoration....
The Fintech giant and microloan service solution provider from Egypt Kashat has managed to successfully raise about $1.75M in the latest funding round and it was announced today. The Bridge round was participated by several regional investors. The round was led by Pan-African fund Launch Africa and they’re known...
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,...
Health-tech start-up MEDZnMORE raised a pre-series A round of $11.5 million from a series of angel and venture capitalist firms. Founded in 2020 based in Karachi Pakistan, in pursuit to solve the medical and wellness delivery service for B2B and B2C clientele of consumers, pharmacies and hospitals.
With the growth...
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,...
RentUp, a PropTech startup in Egypt, has raised a Pre-Seed funding round in six-figures from Luqman Weise Capital, a Japanese private equity firm that specializes in Fintech innovation and technology development.
RentUp is a property rental platform founded last year that makes use of AI-powered technology that allows homeowners to...
