Istanbul-headquartered 10-minute grocery delivery startup Getir has tripled its valuation to $7.5 billion in a little over two months with $550 million in fresh funding from DisruptAD (venture capital arm of ADQ, Abu Dhabi’s holding company), Mubadala, and existing investors Tiger Global and Sequoia Capital, Financial Times reported today. The round has taken Getir’s total ... Read more ›
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Opontia, a Dubai-headquartered startup that wants to acquire and grow ecommerce brands has raised $20 million in debt and equity in a seed round from Global Founders Capital, Presight Capital, Raed Ventures, Kingsway Capital. Some high profile angel investors, including Daraz’s former CEO and Jumia co-founder Jonathan Doerr, Tabby’s CEO Hossam Arab (who was previously ... Read more ›
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Islamabad-based fintech TAG has closed $5.5 million in a pre-seed round led by US VCs Quiet Capital and Liberty City Ventures, it told MENAbytes today. The round also included the participation of Fatima Gobi Ventures, Unpopular Ventures as well as strategic investors like Visa and angels including general partners of Andreessen Horowitz, Khosla Ventures, Canaan ... Read more ›
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Lahore-based B2B ecommerce marketplace Tajir has raised $17 million in a Series A round led by one of the leading American VC firms Kleiner Perkins, it announced today. It is the first investment by the American VC in a Pakistani startup. The round also included the participation of Y Combinator Continuity Fund, AAVCF, Fatima Gobi ... Read more ›
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Dubai-based real estate investment platform Stake has raised $4 million in a seed round led by Combined Growth Real Estate, it announced in a statement today. A local family office Vivium Capital, European VC Verve Ventures, Riyadh-based Lama Holding, Saudi angel investor Mishaal Alireza, and the shareholders of United Kingdom’s Chalgrove Properties Limited also participated ... Read more ›
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Abu Dhabi-based home services platform Rizek has raised $10 million in a Series A round, it announced last week. The investment came from Peak Investments, ADQ, and family offices from UAE & Saudi. Rizek had raised $3.5 million in a seed round less than a year ago. With this latest financing round, Rizek has now ... Read more ›
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Almentor, a Dubai-based online video learning platform has raised $6.5 million in a Series B round led by Parth, it announced today. The round also included the participation of Sawari Ventures, Egypt Ventures, and Sango Capital. The edtech had raised its $4.5 million Series A led by Sawari Ventures in October 2019. With this latest ... Read more ›
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Editor’s note: The views and opinions in this article are those of the author and do not necessarily reflect the views of MENAbytes. Fundraising is a critical part when it comes to building and scaling startups. As a startup grows and products and ideas get validated, you raise money to scale it further and dive ... Read more ›
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There’s hardly any public resource that aggregates information about angel investors actively investing in the region. With this list, we’re trying to create that. It features the angel investors who previously have (and are continuing) to invest in the startups in the Middle East, North Africa, Turkey, and Pakistan. The list features some basic details ... Read more ›
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Egyptian agtech startup Mozare3 has raised over $1 million dollars in a pre-seed round led by Algebra Ventures and Disruptech, it told MENAbytes today. The round also included the participation of EFG-EV and some angel investors. Founded in 2020 by Hussein Abou Bakr and Tamer El-Raghy, Mozare3 aims to serve over 20 million small farmers ... Read more ›
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Sydney-headquartered fintech Zip has acquired Middle Eastern buy now pay later platform Spotii for an enterprise value of $20 million, it announced today. The money will be paid in Zip’s ordinary shares, cash, or a combination of both. As part of the deal, Spotii shareholders (apparently founders) will also receive $15 million in additional consideration ... Read more ›
0
Riyadh-based peer-to-peer vacation rental marketplace Gathern has raised $6 million in a Series A round led by Saudi’s leading VC STV, it announced in a statement today. The existing investors including Vision Ventures, 500 Startups, Naef Sultan AlAthel, and ARG Limited also participated in the round. According to our data, it is the largest financing ... Read more ›
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Homzmart, a Cairo-based furniture ecommerce marketplace has raised $15 million in a Series A led by MSA Capital and Nuwa Capital, it announced today. This is a substantially large round considering that Homzmart had hard launched just fifteen months ago and had previously raised only $1.3 million in a seed round last year. But given ... Read more ›
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Sarmayacar, a Pakistan-focused VC has announced earlier this month that it has helped launch (and invested in) a trucking marketplace TruckSher. The VC firm did not disclose the size of capital it has injected into the startup. It also did not share the exact details about how much stake it owns in TruckSher but has ... Read more ›
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Cairo-based furniture ecommerce marketplace Homzmart has raised $15 million in a Series A led by MSA Capital and Nuwa Capital, it announced in a statement today. The round also included the participation of Rise Capital, Impact46, EQ2 Ventures, and Outliers Venture Capital. It had previously raised $1.3 million in a seed round in February 2020. ... Read more ›
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Telda, the Egyptian fintech founded and led by Swvl’s former CTO Ahmed Sabbah announced the closing of its $5 million pre-seed round today. The round was led by Sequoia Capital, marketing their first investment in the Middle East & North Africa. It is the largest pre-seed ever raised in the region, and also included the ... Read more ›
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Cairo-based ecommerce logistics startup Bosta has raised $6.7 million in a Series A round led by Amman-based global VC Silicon Badia. The round also included the participation of 4DX Ventures, Plug and Play Ventures, Wealthwell VC, Khwarizmi Ventures, and a few other investors. The startup has told MENAbytes that it takes their total investment to ... Read more ›
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Telda, an Egyptian digital banking startup for Gen Z has raised $5 million in the region’s largest pre-seed led by Sequoia Capital, with participation from Global Founders Capital and Class 5 Global. It is the first investment by Sequoia Capital in the Middle East & North Africa. The firm which is one of the leading ... Read more ›
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Dubai-based fintech Mamo has raised $8 million in a pre-Series A round led by Global Ventures, it announced in a statement today. The round was also joined by 4DX Ventures, AlRajhi Partners, Olive Tree Captial, and some fintech-focused investors from Silicon Valley. It comes a little over a year after Mamo raised $1.5 million in ... Read more ›
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Alice Labs, a Dhaka-based SaaS startup that offers a multi-channel customter service solution to online businesses, has raised $500,000 in a seed funding round led by Anchorless Bangladesh and joined by HOF Capital. It is the first exetrnal funding round for the startup that has remianed bootstrapped since it was founded in late 2018. The ... Read more ›
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Business Insider
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20% 12 |
The Verge
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10% 4 |
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8% 2 |
Gizmodo
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8% 3 |
Tom's Hardware
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8% 6 |
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27.11.2024 08:53
Last update: 08:46 EDT.
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