Rua Growth Fund, a joint venture of Osool & Bakheet Investment Company and iMENA Group, led a USD10m investment in ZenHR, a HR software provider based in Saudi Arabia, with follow-on from Endeavor Catalyst and others. Read more… Read More
Saudi Arabia’s Public Investment Fund (PIF) acquired a 34% stake in Egypt-based household appliances and consumer electronics retailer B.TECH from DPI for USD150m. DPI acquired the stake in B.TECH for EGP300m (~USD34m) in July 2016 through African Development Partners II. Read more… Read More
Investcorp, through its Investcorp Saudi Pre-IPO Growth Fund, acquired a majority stake in Nour Internet for Communication and Information Technology Company (NourNet), a Saudi Arabia-based digital solutions company providing services such as cybersecurity, domain registration and cloud computing. Read more… Read More
Eat App, a UAE-based restaurant reservations platform, raised a USD11m Series B from 500 Global, Middle East Venture Partners, Derayah VC, Dallah Albaraka, Ali Zaid Al Quraishi & Brothers Company, Rasameel Investment Company and others. Read more… Read More
Global Ventures and Wa’ed Ventures led a USD10.5m Series A for Saudi Arabia-based human resources platform Elevatus with participation from otf Jasoor Ventures. Global Ventures also led a USD4.4m seed round for Remedial Health, a Nigeria-based healthtech platform for digital procurement and patient medication records, with participation from Tencent, Y… Read More
liwwa, a Jordan-based peer-to-peer lending platform, raised a USD4.5m Pre-Series B led by DASH Ventures, FMO, Edgo and Bank al Etihad with participation from DEG. The company also raised an additional USD14m in debt financing also from Bank al Etihad as well as Capital Bank of Jordan, Jordan… Read More
The global digital revolution has breathed new life into the Middle East and North Africa (MENA) private capital industry following a long stretch of low activity. Additional analysis includes: A deep-dive into VC activity, which reached a record USD1.9b in capital invested in 1H 2022 despite a global tech slowdown… Read More
The 2022 Data Insights feature data and analysis on private capital activity in India, Southeast Asia and Africa through year-end 2021. This year, Members also have access to LAVCA’s 2022 Industry Data & Analysis on private capital activity in Latin America, as well as the underlying… Read More
Egypt-based Endure Capital reached a USD50m first close for Endure 21, its second early-stage VC fund investing in early-stage startups across Africa. Investors include BII and Egypt’s MSME Development Agency (MSMEDA). Read more… Read More
Investcorp led a USD100m Series C for TruKKer, a UAE-based digital freight platform, with participation from Riyad Valley Capital, Reliance Group, and March Holding, and follow-on from Mubadala. Read more… Read More
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