It was announced today that Eyewa, the popular Dubai-based eyewear startup has raised about $21M in a Series B round. The round was co-led by Kingsway Capital and Nuwa Capital. There was also notable participation from French Partners, Endeavor Catalyst, Derayah Ventures, Palm Drive, and Hardy Capital. And it...
Announced today, Abwaab has raised about $5.1M in a seed round. There were a lot of investors invested in this Amman-based EdTech platform including Beco Capital, Foundation Ventures, Spartech Ventures, 4DX Ventures, EQ2 Ventures, and GSV Ventures. The latest investment came pretty much after a year after they raised...
Capiter, the popular Cairo-based eCommerce marketplace has managed to raise about $33M in a Series A funding round. The series A funding round was co-led by Quota Capital and MSA Capital. The deal had the participation of Saudi-based FMCG and retailer conglomerate Savola, Shorooq Partners, Foundation Ventures, Accion Venture...
Sakneen, a property tech startup based in Egypt, recently announced that it had raised $1.1 million in a seed round led by Algebra Ventures. Sarwa Capital and Foundation Ventures also contributed significantly to the round. Hem + Spire, a real estate private equity firm based in the United States,...
Mindshift Capital, the popular UAE-based funding firm has put resources into FORTË, an exclusive answer for digitizing wellness offered at fitness centers for the most convenience. Both innovation and membership-based streaming platform, FORTË introduces equipment and programming into studios, which empower classes to be streamed live to FORTË 's...
Despite decreasing funding in the African continent, Nigerian startups succeeded in raising their funding to $160 million in the first Q1. Four countries including Nigeria, Kenya, South Africa, and Egypt accounted for %87 of startup investments during Q1, and the founding breakdown showed, Nigeria is leader with $160 m...
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 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...
It was announced that one of the UAE’s leading institutional investors EDB aka The Emirates Development Bank has signed an agreement with the country’s first peer-to-peer (P2P) lending platform, Beehive. While allocating just over $8M which is roughly AED 30M in funding for the platform to distribute to creditworthy...
