Mubadala led a USD15m Series B for Sarwa, a UAE-based personal finance and investment platform, with participation from 500 Startups, Kuwait Projects Company, Shorooq Partners, Middle East Venture Partners, DIFC, Hambro Perks Oryx Fund, HALA Ventures and Vision Ventures. Read more… Read More
Nama Ventures led an undisclosed bridge round for Saudi Arabia-based HR solutions startup palm.hr, with participation from local angel investors. Read more… Read More
UAE-based fintech Baraka raised a USD4m seed round from Global Founders Capital, FJ Labs, Raptor Group, Tribe Capital, Nuwa Capital, VentureSouq and Class 5 Global. Read more… Read More
Swvl, a UAE-based transport technology startup founded in Egypt, will list on the Nasdaq via a merger with SPAC company Queen’s Gambit Growth Capital. The merger reportedly values the startup at USD1.5b. Read more… Read More
KAMCO Invest sold its 60% stake in UAE-based pharmaceutical distributor Planet Pharmacies to Gulf Pharmaceuticals Industry for an undisclosed amount. Read more… Read More
Nuwa Capital and EQ2 Ventures led a USD1.8m pre-Series A for Saudi Arabia-based automotive parts platform Speero, with participation from Jameel Investment Management Company, Impact46, Mountain Partners and Access Bridge Ventures. Read more… Read More
SoftBank Vision Fund 2 led a USD415m Series C for UAE-based cloud kitchen startup Kitopi, with participation from Chimera, DisruptAD, B. Riley, Dogus Group, Next Play Capital and Nordstar. Read more… Read More
Tamer Group acquired Mumzworld, a UAE-based e-commerce platform for mother, baby and child products, for an undisclosed amount. Read more… Read More
Kingsway Capital and Nuwa Capital led a USD21m Series B for UAE-based eyewear e-commerce platform eyewa, with participation from French Partners, Endeavor Catalyst, Derayah Ventures, Palm Drive and Hardy Capital. Read more… Read More
Partners for Growth provided USD50m in debt financing to UAE-based buy now, pay later platform Tabby. Arbor Ventures and Mubadala led a USD23m debt and equity Series A in December 2020. Read more… Read More
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