Toters, a Lebanon-based super app that began as a food delivery service, raised a USD18m Series B from IFC, March Holding and existing investor B&Y Ventures, along with undisclosed investors. Read more… Read More
PIF acquired a 23.97% stake in Jordan-based banking group Capital Bank Group for USD185m. Read more… Read More
Gulf Islamic Investments acquired 100% of UAE-based digital bank Anglo-Gulf Trade Bank from Mubadala Investment Company for an undisclosed amount. Read more… Read More
Dubai-headquartered logistics company Aramex agreed to acquire MyUS, a cross-border e-commerce platform based in the US, for USD265m. Read more… Read More
The Public Investment Fund acquired a 16.87% stake in Kingdom Holding, the Saudi Arabia-based investment company controlled by Prince Alwaleed bin Talal, in a deal valued at USD1.5b. Read more… Read More
Abu Dhabi-listed Alpha Dhabi Holding committed USD2.5b to Alpha Wave Ventures II, a venture fund launched by Chimera Capital and Alpha Wave. The vehicle will invest in high growth, tech-enabled and tech-driven companies across AI, fintech, life sciences, consumer internet and B2B globally. Read more… Read More
Cherry Ventures and Shorooq Partners led a USD12m seed round for UAE-based fintech Pemo, with participation from FinTech Collective, Speedinvest, BY Venture Partners, Antler and angels. Read more… Read More
GPCA’s Industry Data & Analysis is available on a quarterly basis exclusively for GPCA members. GPCA members can log in to download the Q1 2022 Industry Data & Analysis Excel file. In addition, members can access the GPC Analytics platform to view and download GPCA’s complete fund- and… Read More
Jadwa Investment’s Jadwa Healthcare Opportunities Fund 3 sold its majority stake in Saudi Arabia-based dental and dermatology services provider Al Meswak Dental Clinic to Gulf Islamic Investments and Jadwa Healthcare Opportunities Fund 5, a newly formed fund managed by Jadwa. Read more… Read More
UAE-based cloud kitchen startup Kitopi raised a USD300m Series C extension, bringing total capital raised in the round to USD715m. SoftBank Vision Fund 2 led the company’s USD415m Series C in July 2021, with participation from Chimera, DisruptAD, B Riley, Dogus Group, Next Play Capital and Nordstar. Read More
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