UAE’s Letswork Raises USD2m Seed Round from 500 Global, DTEC Ventures, The Space and Angels
Letswork, a UAE-based co-workspace provider, raised a USD2m seed round from 500 Global, DTEC Ventures, The Space and angel investors. Read More… Read More
NBK Capital Partners Reaches USD215m Final Close for Third Private Credit Fund
NBK Capital Partners reached a final close of USD215m, including co-investment commitments, for Shari’ah Credit Opportunities Fund, a vehicle targeting middle-market companies in Saudi Arabia, the UAE and the broader MENA region. Read More… Read More
Impact46-Backed Jahez To Acquire Saudi Arabia’s The Chefz for ~USD173m
Jahez, a food delivery app backed by Impact46, agreed to acquire a 100% stake in The Chefz, a Saudi Arabia-based dessert delivery platform for SAR650m (~USD173m). Read more… Read More
UAE’s Qashio Raises USD10m Seed Round from Sanabil 500 MENA, Cadorna Ventures, One Way Ventures and Others
Qashio, a UAE-based spend management platform, raised a USD10m seed round from Sanabil 500 MENA, Cadorna Ventures, One Way Ventures, MITAA, Nuwa Capital, Iliad Partners, Phoenix Investments and others. Read more… Read More
UAE’s Silkhaus Raises USD7.8m Seed Round
Silkhaus, a UAE-based short-term property rental app, raised a USD7.8m seed round from Nuwa Capital, Nordstar, Global Founders Capital, Yuj Ventures, Whiteboard Capital, VentureSouq and others. Read more… Read More
Valar Ventures Leads USD20m Series A for UAE’s baraka
Valar Ventures led a USD20m Series A for baraka, a UAE-based stock trading app for retail investors, with participation from Knollwood. Read more… Read More
Gulf Capital Sells 100% Stake in UAE’s Chef Middle East for USD100m
Gulf Capital exited its 100% stake in Chef Middle East, a UAE-based foodservice distribution business, to US-listed food distributor The Chef’s Warehouse, generating a 2.5x return. Gulf Capital acquired Chef Middle East in June 2013 through Gulf Equity Partners Fund II. Read more… Read More
MEVP Leads USD10m Series A for UAE’s Invygo
Middle East Venture Partners led a USD10m Series A for Invygo, a UAE-based car subscription app, with participation from Al Rajhi Partners, Arab Bank, Amaana Capital and Palm Drive Capital, and follow-on from Signal Peak Ventures and Knollwood Investment Advisory. Read more… Read More
Impact46 Leads USD50m Funding Round for Saudi Arabia’s Zid
Impact46 led a USD50m round for Zid, a Saudi Arabia-based e-commerce solution for retailers, with participation from Wa’ed Ventures and Endeavour Catalyst, and follow-on from Global Ventures, Elm Company, Arzan and MSA Capital. Read more… Read More
UAE’s VUZ Raises USD20m Series B from Caruso Ventures, Vision Ventures, Others
VUZ (formerly 360VUZ), a UAE-basedVR content platform, raised a USD20m Series B led by Caruso Ventures, Vision Ventures, e& capital, Dubai Future District Fund, SRMG and Webit Investment Network. Elbert Capital, Yasta Partners, Faith Capital and Panthera Capital participated with follow-on from seven additional investors. Read… Read More
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