Ibtikar Fund led an undisclosed pre-Series A investment in Palestine-based gamification startup Gamiphy with participation from Kuwait-based Al Mohallab Kuwait Real Estate Company and Al-Joud Kuwait Holding Company. Gamiphy completed the Startup Chile program in 2019. Read more»… Read More
Beirut-based digital dental startup Basma secured USD1.2m in a seed funding round led by Lebanese VC firms B&Y Venture Partners and Cedar Mundi Ventures, with participation from iSME and angel investors. The startup plans to use the funding to fund its expansion in the Middle East and North… Read More
Investment holding company Kuwait Projects Company (KIPCO) led a USD8.4m Series A in Dubai-based investment advisory platform Sarwa. The Dubai International Financial Center, Abu Dhabi Investment Office, Vision Ventures, Phoeanician Funds, and Mindshift Capital also participated in the round. Read more»… Read More
Emirates Investment and Development Center and i-Cell Telecom Group made a USD1.4m investment in Dubai-based online freight marketplace Lorryz. Read more»… Read More
Dubai Cultiv8, a wholly-owned subsidiary of Mohammed Bin Rashid Fund for SMEs, made an undisclosed investment in Dubai-based last-mile delivery startup Fodel. Read more»… Read More
Middle East and North Africa-focused venture capital fund manager Wamda Capital has invested in UAE-based employee benefits provider Flexxpay. The investment is reportedly part of a larger funding round that includes the company’s existing individual and corporate investors. Through its cloud-based platform, Flexxpay provides employees with services such as advanced… Read More
Middle East-focused venture capital firms Wamda Capital and Global Ventures have led a USD3 million Series A investment in Floranow, a UAE-based business-to-business online floral marketplace. Other investors in the round include Dash Ventures, Jabbar Internet Group, Sirocco Holdings, Adamtech Ventures, Zuaiter Holding Capital, HB Investments, and undisclosed angel investors. Read More
UAE-based media monitoring platform Crowd Analyzer has raised USD3.5 million in a Series A investment round led by Middle East-focused private investor TechInvest. Other participants in the round include venture capital investors Wamda Capital, Arzan Capital, Faith Capital, and Daring Capital. The company analyzes publicly available data from social media… Read More
Palestine-based fitness application Inggez has secured an investment from Middle East-focused venture capital firm Ibtikar Fund. Inggez partners with a variety of gyms and fitness studios, offering users on-demand access to fitness venues through its mobile application. The company will use the new capital to expand in Egypt and test… Read More
Middle East- and North Africa-focused venture capital firm Saudi Technology Ventures (STV) has led a USD23 million Series A investment in TruKKer, a UAE-based digital trucking logistics platform. Other participants in the funding round include development finance institution IFC; Middle East-focused investment firm Alturki Holding; and private equity and venture… Read More
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