Partners for Growth Provides USD10m in Venture Debt to UAE’s On-Demand Truck Aggregator TruKKer
Partners for Growth has provided USD10m in venture debt to UAE-based on-demand truck aggregator TruKKer. Read more… Read More
Arbor Ventures and Mubadala Lead USD23m Debt and Equity Series A for UAE’s Buy Now Pay Later Platform Tabby
Arbor Ventures and Mubadala Capital led a USD23m debt and equity Series A for UAE-based buy now, pay later platform Tabby, with participation from STV, Raed Ventures, Global Founders Capital, Jameel Investment Management Company, Global Ventures, VentureSouq, Outliers Venture Capital, MSA Capital, HOF Capital, and Arab Bank. Read More
Ethos Sells 1.4% Stake in UAE’s Fintech Channel VAS for USD5m
Ethos Capital has sold a 1.4% stake in Channel VAS, a UAE-based provider of airtime credit services and mobile financial solutions across emerging markets, for USD5m. Ethos retains a 8.89% stake in the company. Read more… Read More
Delivery Hero Leads USD5.5m Investment in UAE’s Logistics Startup Quiqup
Delivery Hero led a USD5.5m funding round for Quiqup, a UAE-based startup providing on-demand and same-day delivery services for retailers, with participation from Cedar Mundi, Jobi Capital, and Trasnmed. Read more… Read More
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Five Capital Partners, Itochu, and Suez Acquire 65% Stake in Saudi Waste Management Company EDCO
Five Capital Partners, Itochu, and Suez have acquired a 65% stake in Saudi Arabia-based hazardous waste management company Environment Development Company (EDCO) for an undisclosed amount. Read more… Read More
Jada Commits to Saudi Alpha Capital Fund
Jada Investments, a fund-of-funds owned by Saudi Arabia’s Public Investment Fund (PIF), has signed an investment agreement with the Saudi Alpha Financial Fund for Private Equity to invest in Saudi SMEs in the food and beverage sector. Read more… Read More
Badia Impact Squared Reaches USD36m First Close, EBRD Commits USD10m
Baida Impact Squared, a VC fund managed by Silicon Badia, has reached a USD36m first close. The European Bank for Reconstruction and Development (EBRD) committed USD10m to the fund which will invest in early-stage tech companies in Egypt, Jordan, Lebanon, Morocco, and Tunisia, with a principal focus on… Read More
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