Silicon Badia led a USD12m Series A for Cartona, an Egypt-based B2B e-commerce platform, with participation from SANAD Fund for MSME, Arab Bank Accelerator and Sunny Side Ventures, and follow-on from Global Ventures and Kepple Africa Ventures. Read more… Read More
500 Global led a seed round for Modesta, a Palestine-based fashion e-commerce startup, with participation from the Innovative Private Sector Development Project (IPSD) program funded by the World Bank and angel investors, for an undisclosed amount. Read more… Read More
Aljazira Capital led a USD41m venture round for YAP, a UAE-based digital banking app, with participation from Abu Dawood Group, Astra Group, and Audacia Capital. The startup plans to complete its Series A by the end of the year. Read more… Read More
Flat6Labs and ADQ’s venture platform DisruptAD selected 10 new startups for Ignite, a USD32m UAE-based startup accelerator and seed-stage fund that supports startups with funding, office space and mentorship. Read more… Read More
Metric Capital Partners and IMM Investment Corp led a USD180.5m round for UAE-based agribusiness Pure Harvest Smart Farms for its Asia expansion, along with participation from Olayan Group and follow-on from existing investors. Read more… Read More
Alpha Intelligence Capital and Dutch Founders Fund led a USD9.5m Series A for Vamstar, a UAE-based AI sourcing platform for medical supplies and pharmaceuticals, with follow-on from btov Partners and Antler. Read more… Read More
Careem acquired UAE-based food delivery platform MUNCH:ON for an undisclosed amount. Careem became the Middle East’s first unicorn when US-based Uber bought it in 2019 for USD3.1bn. Read more here and here… Read More
Alpha Intelligence Capital and Dutch Founders Fund led a USD9.5m Series A for Vamstar, a UAE-based AI-enabled sourcing and procurement platform for medical supplies and pharmaceuticals, with follow-on from btov Partners and Antler. Read more… Read More
Sequoia Capital India led a USD37m Series A for UAE-based proptech Huspy, with participation from Founders Fund and Fifth Wall, and follow-on from Breyer Capital, VentureFriends, COTU, BY Venture Partners and VentureSouq. Read more… Read More
DisruptAD, Reciprocal Ventures and Shorooq Partners led a USD22.5m round for UAE-based Banking as-a-Service provider NymCard, with participation from Chimera, DFDF, Knollwood, Endeavor Catalyst, OTF Jasoor Ventures and additional new and existing investors. Read more… Read More
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