Target Global Management led a USD13m seed round for Bahrain-based open banking platform Tarabut Gateway, with participation from Kingsway, CE Ventures, Entrée Capital, Zamil Investment Group, Global Ventures, Almoayed Technologies, and Mad’a Investment. Read more… Read More
BECO Capital led a USD5m Series A for UAE-based second-hand luxury products and electronics marketplace North Ladder (formerly BuyBack Bazaar). Read more… Read More
Gulf Capital has exited its 70% stake in Turknet Iletisim Hizmetleri (Turknet) via a sale to a consortium of buyers including Celebiler Family and Re-Pie Portfoy Yonetimi. Gulf Capital originally invested in Turknet via its Gulf Capital Credit Opportunities Fund I in 2013. Read more… Read More
Nuwa Capital has reached a USD75m first close for Nuwa Ventures Fund I. The vehicle, which has an initial target of USD100m, will invest in startups operating in the SaaS, D2C, fintech, proptech, healthtech, and edtech sectors in the Middle East, North Africa, Turkey, Pakistan, and Sub-Saharan Africa. Read More
NBK Capital Partners has reached an undisclosed first close for its latest shariah credit fund anchored by Saudi Arabia’s sovereign wealth fund, the Public Investment Fund. The vehicle, which has an initial target of USD300m, will provide capital to mid-market companies in the Middle East. Read more… Read More
Ruya Partners has agreed to provide USD25m in debt financing to Starzplay, a UAE-based, on-demand video streaming service platform. Read more… Read More
Sanabil Investments and STV led a USD20m Series B for FOODICS, a Saudi Arabia-based restaurant management platform, with participation from Endeavor Catalyst, Elm, and Derayah Venture. Read more… Read More
Global Ventures and STV led a USD2.25m pre-Series A for spiderSilk, a Dubai-based cybersecurity startup specializing in advanced threat detection technology, with participation from angel investors. Read more… Read More
SHUAA Capital completed a debt buyout of Stanford Marine Group’s AED1.13b (approximately USD308m) facility, including offshore services related to the oil and gas industry in the Middle East. Read more… Read More
Access Bridge Ventures has reached an undisclosed first close for its debut fund. The vehicle, which aims to raise USD25m, will invest in high-growth tech startups from Saudi Arabia, UAE, Egypt, Pakistan, and the wider MENA region. Read more… Read More
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