SHUAA Partners Acquisition Corp 1, a SPAC formed by SHUAA Capital, raised USD100m on the Nasdaq. The SPAC will target technology and/or tech-enabled financial services businesses based out of the Middle East, North Africa and Turkey. Read more… Read More
Brookfield Asset Management agreed to acquire a 60% stake in Magnati, the payments arm of First Abu Dhabi Bank, valuing it at a reported USD1.15b. Read more… Read More
GPCA Members can log in to download the complete 2022 Industry Data & Analysis Excel file. GPCA data through year-end 2021 across Asia, Latin America, Africa, CEE and the Middle East Key data takeaways: VC and tech investments drove private capital investment activity in GPC markets to the highest… Read More
GPCA’s annual Trends in Global Tech report traces venture capital flows across Africa, India, China, Southeast Asia, Latin America, Central and Eastern Europe and the Middle East. With VC representing 55% of total private capital invested in these markets in 2021, this report highlights the themes investors are backing in… Read More
Apollo Global Management agreed to invest USD1.4b in UAE-based real estate developer Aldar Properties. As part of the transaction, Apollo will take a direct minority stake in the company. Read more… Read More
ADQ and STV led a USD46m Series B for Saudi Arabia-based on-demand truck aggregator TruKKer, with participation from Mubadala and follow-on from Riyad Taqnia Fund and Shorooq Partners. The company also raised USD50m in debt funding from Mars Growth and Partners for Growth. Read more… Read More
Signal Peak Ventures led a USD20m Series A for UAE-based fintech Hubpay, with participation from Olive Tree Capital and BECO Capital, and follow-on from Stormbreaker, Emkan Capital and Aditum. Read more… Read More
MRK led a USD1.1m investment for Saudi Arabia-based fintech Tamawal, with participation from 500 Falcons and angels. Read more… Read More
SWVL, a UAE-based transport technology startup founded in Egypt, raised an additional USD21.5m PIPE investment from EBRD and others as part of its pending SPAC merger with Queen’s Gambit Growth Capital. This brings the total PIPE to USD121.5m. Read more… Read More
Graphene Ventures led a USD36m equity and debt round for Saudi Arabia-based B2B marketplace Retailo, with participation from 500 Global, Agility, Aujan, Tech Invest Com and Mentor’s Fund, and follow-on from Shorooq Partners, Abercross Holdings, Arzan VC and AgFunder. Nahda Fund provided venture debt, which comprised less than 20% of… Read More
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