Foursan Group Acquires 49% Stake in Jordan’s Jo Academy
Foursan Group acquired a 49% stake in Jo Academy, a Jordan-based online private tutoring platform. Read more… Read More
BECO Capital Leads USD52.5m Series C+ for Fresha; MEVP Partially Exits
BECO Capital and Michael Lahyani (Property Finder) led a USD52.5m Series C+ for Fresha, a UAE-founded beauty and wellness software platform, with follow-on from General Atlantic, Partech, Target Global and FMZ Ventures, at a reported USD640m valuation. MEVP achieved a partial exit from Fresha through a secondary sale. Read more… Read More
VentureSouq Reaches a USD50m Final Close for MENA Fintech Fund I
VentureSouq reached a USD50m final close for its MENA Fintech Fund I. The vehicle will invest in early-stage fintech and SaaS companies in the MENA region and Pakistan. Read more… Read More
Khwarizmi Ventures, Nuwa Capital and STV Lead USD13.5m Seed Round for Bahrain’s Calo
Khwarizmi Ventures, Nuwa Capital and STV led a USD13.5m seed round for Bahrain-based foodtech Calo, with participation from 500 Global, Al Faisaliah Group, Vision Ventures, Savour Ventures, Nama Ventures and angel investors. Read more… Read More
STV Leads USD42m Series A for UAE’s Opontia
Saudi Technology Ventures led a USD42m Series A comprising equity and venture debt for UAE-based e-commerce enabler Opontia, with participation from Upper 90 and VentureSouq and follow-on from Raed Ventures and Global Founders Capital. Partners for Growth provided venture debt. Read more… Read More
KRAFTON Leads USD11m Series B for Jordan’s TamatemGames
South Korea-based game developer KRAFTON led a USD11m Series B for Jordan-based mobile game publisher TamatemGames, with participation from Venture Souq and Endeavor Catalyst and follow-on from existing investors. Read more… Read More
Amethis Acquires Minority Stake in Jordan’s Tarjama
Amethis, through its Amethis MENA Fund II, acquired a minority stake in Jordan-based language technology and services provider Tarjama for an undisclosed amount. Read more… Read More
BECO Capital Leads USD20m Series A for Jordan’s Abwaab
BECO Capital led a USD20m Series A for Jordan-based edtech Abwaab, with participation from 4DX Ventures, GSV Ventures, Watar Partners and others. Read more… Read More
TVM Exits UAE’s Bourn Hall to Mediclinic
TVM Capital Healthcare exited Bourn Hall International MENA, the holding company for the Bourn Hall Fertility Centre in the UAE, via a sale to private hospital group Mediclinic Middle East for an undisclosed amount. Read more… Read More
Jordan’s Eon Dental Raises USD26m Series B from Arab Palestinian Investment Company, otf Jasoor Ventures, Others
Jordan-based dental technology company Eon Dental raised a USD26m Series B led by a global MedTech fund together with the Arab Palestinian Investment Company, otf Jasoor Ventures, Endeavor Catalyst, Spartech Ventures and Bank al Etihad. Existing investors Hummingbird Ventures and Silicon Badia re-upped. Read more… Read More
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