Kuwait-based asset management firm Wafra International Investment Company led a USD20.6m Series A for UAE-based agtech Pure Harvest Smart Farms. Wafra has invested USD10m in the company as part of a multi-stage investment commitment of USD100m to support expansion in the Middle East. Read more… Read More
MENA-focused venture capital firm Raed Ventures led a USD6.6m Series A for Saudi Arabia-based digital B2B marketplace Sary, with participation from MSA Capital and Derayah Ventures. Read more… Read More
EMPEA Members log in to receive exclusive access to the detailed report (PDF) and underlying data (Excel). EM-focused private capital vehicles raised USD78 billion in 2019, with a slowdown in pan-Asia and China-dedicated funds largely offset by increased fund closes from multi-regional GPs. Fund managers deployed record levels… Read More
ASA Ventures led a USD8m seed investment for UAE-based mobile e-commerce network ZON. Read more… Read More
Saudi Technology Ventures (STV) and Middle East Venture Partners (MEVP) co-led a USD18m Series B for Saudi Arabia-based online grocery marketplace Nana. Wamda Capital, Watar Partners, Saudi Venture Capital Company, as well as existing angel investors, participated in the round. Read more… Read More
Venture capital fund manager Middle East Venture Partners (MEVP) led a USD1.4m investment in Dubai-based fintech Rise, with participation from Dubai International Financial Center (DIFC) Fintech Fund, 500 Startups, Saudi’s Khwarizmi Ventures, and Phoenician Funds. Read more… Read More
Kuwait-based Arzan Venture Capital has announced a USD20m first close for its second fund targeting Middle Eastern and North African startups. Investors include Saudi Public Investment Fund’s Jada, an additional sovereign wealth fund, international wealth managers, and Arzan Financial Group. The fund has already invested in 13 startups… Read More
Oman Investment Corporation has reached a OMR50m (approximately USD129.5m) final close for its Aman Healthcare Services fund. The vehicle will target the healthcare sector and plans to develop two specialized women and children hospitals in Oman during the first phase of deployment. Read more… Read More
Middle East-focused venture capital firm Ibtikar Fund led a six-figure pre-Series A investment in Palestine-based digital receipt mobile app developer Receet with participation from Paltel Group. Read more… Read More
Middle East- and North Africa-focused venture capital fund manager Wamda Capital and Saudi Arabia-based foundation Nour Nouf Knowledge Company have invested USD1.5m in Saudi edtech Aanaab. The platform offers professional development courses in Arabic to teachers and educators. Read more… Read More
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