The popular KSA-based B2B marketplace, Sary has raised a $30.5M Series B round. The marketplace associates private companies with an organization of wholesalers and assembling brands through online tools like web interfaces and mobile apps and that’s not all. The round was led by VentureSouq (VSQ), with the support...
The popular Saudi-based FinTech and digital POS provider CashIn has managed to successfully raise about $1.6M in a funding round. The funding seed round was led by some of the most popular key investors including BIM Ventures along with a wide number of angel investors as well.
In the first...
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...
Alhokair have made an announcement that they will acquire a total of 51% stake in an online fast fashion platform, Vogacloset, based in the UK and provides her services to the Middle East.
The company is a franchise retailer in Arabian Centres Company (ACC) and Saudi Arabia. It is also...
Podro Iran’s delivery and logistics startup raised $12.5 million (300 billion Toman) from Fanap, an old guard of Iran’s digital ecosystem. Podro offers small to medium sized businesses B2B and B2C services, with many Iranians using social media to open store fronts to sell products and goods such as...
Start-ups in Iraq hardly get sufficient media coverage. As a result, only a few people know of their existence. Challenges like lack of basic infrastructure, payment solutions, and business registration complications make it difficult for start-ups to succeed. Even with these challenges, small businesses are evolving and maneuvering Iraq’s...
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...
ClearGrid, a fintech company based in the UAE, has raised $10 million in funding after coming out of stealth mode. The funding is split into two rounds: a pre-seed round of $3.5 million, led by Raed Ventures and Beco Capital, and a seed round of $6.5 million, co-led by...
It was announced that the popular Egyptian-based logistic platform for eCommerce commercial center, Flextock raised a $3.25M Pre-Seed financing round. The round was held Foundation Ventures (Egypt), MSA Capital (China), CRE Venture Capital (South Africa), Alter Global (US), JIMCO – Jameel Investment Management Company (Saudi Arabia), B&Y Venture Partners...
Bahrain houses various accelerators that have given birth to not only tens but hundreds of start-ups across the country. The fast-growing start-up scene in Bahrain has been supported by the country's initiative to get people connected to the internet. 98% of Bahraini citizens already use the internet which is third in...
