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
Middle East Venture Partners and BY Ventures led a USD8m pre-series A for Stake, a UAE-based fractional property investment platform, with follow-on from Vivium Holding and Combined Growth Real Estate. Read more… Read More
Goodwater Capital, Dubai Future District Fund Rebel Fund, Trampoline Venture Partners and Zemu VC led a USD3m seed round for UAE-based startup Zywa, a teen-focused financial service platform. Read more… Read More
Sanabil Investments led a USD100m Series B for Saudi Arabia-based BNPL platform Tamara, with participation from Coatue, Shorooq Partners and Endeavor Catalyst, and follow-on from Checkout.com. Read more… Read More
Apollo Global Management acquired an 11.1% stake in Aldar Investment Properties, asubsidiary of UAE-listed real estate developer Aldar Properties, for USD400m. The deal is part of Apollo’s USD1.4b investment commitment to Aldar Properties announced in February. Read more… Read More
BECO Capital led a USD10m pre-Series A for Dukkantek, a UAE-based store management platform, with participation from Rocketship.vc and Chaos Ventures and follow-on from Colle Capital Partners, Comma Capital, AMK Investment Office, and Wamda. Read more… Read More
Tabby, a UAE-based BNPL startup, secured a $150m credit facility from Atalaya Capital Management and existing lender Partners for Growth. The company raised a USD54m Series B extension in March led by Sequoia Capital and STV. Read more… Read More
Tabby, a UAE-based BNPL startup, secured a $150m credit facility from Atalaya Capital Management and existing lender Partners for Growth. The company raised a USD54m Series B extension in March led by Sequoia Capital and STV. Read more… Read More
Saudi Arabia’s sovereign wealth fund PIF committed USD300m to Rakiza Infrastructure Fund, a private infrastructure fund co-managed by Oman Infrastructure Investment Management (OIIM) and Equitix Investment Management with a focus on renewables, power and water, social infrastructure, telecommunications and transport and logistics assets in Oman and Saudi Arabia. The fund… Read More
Actis, through its USD6b Energy 5 Fund, agreed to acquire a controlling stake in Yellow Door Energy, a UAE-based commercial and industrial solar platform, for an undisclosed amount. The IFC led a USD65m investment in Yellow Door Energy in 2019 with participation from Equinor, Arab Petroleum Investments Corporation, Mitsui and… Read More
(default archive template)