Bahrain-based crypto exchange CoinMENA raised a USD9.5m seed round from BECO Capital, Kenetic Capital, Arab Bank Switzerland, Bunat Ventures, FTX investment arm Alameda Research and Girnas Capital. Read more… Read More
IMM Investment led a USD64.5m investment in UAE-based agtech Pure Harvest Smart Farms alongside existing investors. Pure Harvest also entered a joint venture with South Korea’s PlanTFarm, a vertical farming solutions provider and a portfolio of IMM Investment. Read more… Read More
CDC Group divested its minority stake in GEMS Africa, a subsidiary of Dubai-based GEMS Education focused on the development of educational services across sub-Saharan Africa, via a sale to GEMS Education. Read more… Read More
Levant Capital exited UAE-based packaged foods company Bayara Holding via a USD260m sale to Savola Foods. Read more… Read More
Sanabil 500 MENA Seed Accelerator Fund, an accelerator program launched by Sanabil Investments and 500 Global, led an undisclosed seven-figure seed round for Saudi Arabia-based healthtech Glance Care, with participation from angel investors. Read more… Read More
BY Venture Partners reached a USD50m final close for BY Fund II. The vehicle will target early-stage opportunities globally with a thesis to bridge the MENA region with global markets. Read more… Read More
Blackstone agreed to acquire a majority stake in Switzerland- and UAE-based visa services company VFS Global from EQT Private Equity and Kuoni and Hugentobler Foundation for an undisclosed amount. Read more… Read More
Nuwa Capital, Crealize, BY Venture Partners and Alfa Partner Holding invested a USD5m pre-Series B for UAE-based automotive retail startup Seez. Read more… Read More
01 Advisors and The Spruce House Partnership led a USD20m Series A for UAE-based proptech Nomad Homes, with participation from investors including Goodwater Capital, HighSage Ventures, Abstract Ventures, Partech, Class 5 Global, Precursor Ventures, Alta Park Capital and angel investors. Read more… Read More
US-based cloud computing and SaaS startup Cloud Klair agreed to acquire Sehteq, a UAE-based insurtech backed by 971 Capital, for an undisclosed amount. Read more… Read More
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