Maersk Growth and Raed Ventures led a USD42m Series A for Trella, an Egypt-based digital freight platform with a presence in Saudi Arabia and Pakistan, with participation from Algebra Ventures, Vision Ventures, Next Billion Ventures, VentureSouq, Foundation Ventures and Flexport. The round comprised USD30m in equity and USD12m in debt… Read More
Global Founders, Global Ventures, Nuwa Capital and FJ Labs led a USD3m seed round for UAE-based wellbeing startup Valeo. Read more… Read More
General Atlantic led a USD100m Series C for UAE-founded beauty and wellness software platform Fresha, with follow-on from Partech, Target Global and FJ Labs. Middle East Venture Partners exited through a secondary sale. Source(s): Read more… Read More
Saudi Arabia’s PIF has made an anchor investment in Aberdeen Standard Investcorp Infrastructure Partners. The vehicle was set up by Investcorp and Aberdeen Standard Investments and plans to invest in core infrastructure projects in the GCC and the wider MENA region. PIF has committed up to 20% of the total… Read More
Olive Rock Partners and Cerberus Capital Management have made an undisclosed investment in UAE-based healthcare company UEMedical. Read more… Read More
Wa’ed, Global Ventures, KAUST and Future Investment Initiative Institute have invested USD10m in Saudi Arabia-based agtech Red Sea Farms. Read more… Read More
Combined Growth Real Estate led a USD4m seed round for UAE-based fintech and real estate investment platform Stake, with participation from Vivium Capital, Verve Ventures and Lama Holding. Read more… Read More
Combined Growth Real Estate led a USD4m seed round for UAE-based fintech and real estate investment platform Stake, with participation from Vivium Capital, Verve Ventures and Lama Holding. Read more… Read More
Partech Partners led a USD6.5m Series B for Almentor, a Dubai-based video learning platform targeting Arabic speakers, with participation from Sawari Ventures, Sango Capital and Egypt Ventures. Read more… Read More
Investments in Africa, Asia, CEE, Latin America and the Middle East EMPEA’s 2021 report on global venture investment traces venture capital (VC) flows across Africa, Asia, CEE, Latin America and the Middle East. This year’s report includes new breakouts on cross-border co-investment to measure the scope of global collaboration… Read More
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