Kuwait-headquartered online flowers and gifting platform Floward has raised $27.5 million in a Series B round led by STV, with participation from Impact 46, it announced in a statement today. The round takes total money raised to date by Floward to over $30 million. Founded in 2017 by serial entrepreneur and investor Abdulaziz B. Al ... Read more ›
0
Cairo-based celebrity video platform Minly has raised $3.6 million in an ‘oversubscribed’ seed round co-led by 4DX Ventures, B&Y Venture Partners, and Global Ventures, it announced in a statement today. The round was also joined by some other investors including strategic angels like Scooter Braun, Anthony Saleh, Jeffrey Katzenberg, Jason Finger, Arieh Mimran, and Tamim ... Read more ›
10
Dubai-headquartered eyewear startup Eyewa has raised $21 million in a Series B co-led by Kingsway Capital and Nuwa Capital, it announced in a statement today. The deal was also joined by French Partners, Endeavor Catalyst, Derayah Ventures, Palm Drive, and Hardy Capital, and takes Eyewa’s total capital raised to date to about $30 million. It ... Read more ›
0
STC Pay and another local firm have become the first companies in Saudi to receive a digital banking license. The Saudi cabinet gave approval to country’s finance minister to issue the licenses, the local state news agency reported today. The Saudi Central Bank will now initiate its process to finalize technical and operational requirements for ... Read more ›
0
Dubai-based buy now pay later platform Tabby has raised $50 million in debt financing from San Francisco-based Partners for Growth, it announced in a statement today. The startup said that it’s the largest debt facility raised by a fintech in the Middle East & North Africa. It had previously raised a relatively small amount of ... Read more ›
0
Lahore-based live video streaming platform Trivzia has raised a little over $400,000 (PKR 65 million) in a seed round from Pakistan-focused 47 Ventures, it announced in a statement today. The startup runs a mobile-app based live trivia game show, Jeeto Naye Andaz Say, where participants get a chance to win money by answering ten multiple-choice ... Read more ›
83
Riyadh-based fintech Tweet has raised an undisclosed amount of money in an investment round led by STV and Raed Ventures, it announced today. The startup said its a seven-figure (USD) round without sharing further details. Founded in early 2020 by Saeed AlBuhairi, Mohammed Faheem, Abdulaziz AlMalki, and Abdullah AlOtaibi, Tweeq is building a spending account ... Read more ›
0
Cairo-headquartered trucking marketplace Trella has raised $42 million in a Series A round comprised of equity and debt, it announced today. The round includes $30 million in equity investment and $12 million as debt financing. The equity part of the round was led by Maersk Growth, the corporate venture arm of one of the world’s ... Read more ›
26
Korean Venture Investment Company (KVIC), a South Korea government-backed fund of funds, has committed to invest in Abu Dhabi-based early-stage VC Shorooq Partners’ Bedaya Fund, the VC firm announced today, saying that it is the first Middle Eastern fund to have received a commitment from KVIC since its inception in 2000. Shorooq did not disclose ... Read more ›
0
Flat6Labs, one of the leading accelerators in the region has expanded to Jordan with the launch of a $20 million seed fund, it announced today. The fund (Jordan Seed Fund) has already achieved the first close of $7.4 million from the International Finance Corporation (IFC), the Innovative Startups and SMEs Fund (ISSF), Beyond Capital, Bank ... Read more ›
0
Karachi-headquartered B2B ecommerce marketplace Jugnu and its parent company Saleflo have raised ~$3.2 million (PKR 518 million) from Systems Limited, a Lahore-based leading global technology, and business process outsourcing services provider. Some angel investors also participated in the deal. Systems made an investment of $3 million in exchange for a 20 percent stake in the ... Read more ›
156
Dubai-based wellbeing-tech startup Valeo Wellbeing has raised $3 million in seed funding from Global Founders Capital, Global Ventures, Nuwa Capital, and FJ Labs, it announced today. The startup is led by third-time entrepreneur Sundeep Sahni who has previously co-founded Southeast Asia’s largest ecommerce platform Lazada and mobile wallet HelloPay, which were acquired by Alibaba for ... Read more ›
0
Almost everything you buy online has a 4–5x mark-up embedded in the price. That blue shirt you just bought for $100 and looks fabulous on you costs less than $15 to make. You’re not paying that high of a mark-up because ecommerce businesses are greedy. Most of them actually struggle to make money and the ... Read more ›
0
Cairo-based B2B ecommerce marketplace Fatura has raised $3 million in a pre-Series A co-led by Sawari Ventures and Arzan Venture Capital, it announced today. Egypt Ventures, EFG-EV, Cairo Angels, and Khwarizmi Ventures also participated in the deal. The startup has previously raised an undisclosed amount of money in a seed round in July 2020. Founded ... Read more ›
0
Abu Dhabi-headquartered Shorooq Partners has opened an office in Cairo, with Tamer Azer joining the VC firm as a partner for Egypt, it announced in a statement today. It would be the fourth office for the UAE VC that also has a presence in Riyadh and Bahrain. The move, Shorooq Partners, said is part of ... Read more ›
0 newcommer
Lahore-based online grocery platform GrocerApp has raised $5.2 million in a Series A round led by Dubai-based investment firm Hayaat Global, it announced today. New York-based Millville Opportunities Fund; Middle Eastern investors Wamda Capital, Jabbar Internet Group, Nama Ventures; China’s Haitou Global; and Pakistan’s Lean Bricks and Walled City Co., and some angel investors including ... Read more ›
337
Karachi-headquartered online pharmacy startup Dawaai has raised $8.5 million in a round led by 500 Startups, taking its total financing to date to $10.5 million. The round is comprised of equity and debt, and included the participation of existing investor Sarmayacar and two family offices. The startup has told MENAbytes that equity accounts for a ... Read more ›
45
SoftBank’s Vision Fund 2 has agreed to invest in a Saudi messaging company, Rajeev Misra, the CEO of SoftBank Investment Advisers, which oversees Vision Funds told Arab News in an interview on Sunday. It will be Vision Fund’s first investment in the Middle East. He did not share the details saying that the company itself ... Read more ›
0
Dubai-headquartered trucking platform Trukkin has raised $7 million in a Series A round led by Saudi-based Emkan Capital, it announced in a statement today. Impact 46, Taya Group, and other ‘strategic investors’ also joined the round. The startup had previously raised $3.5 million in May 2019. Founded in 2017 by Janardan Dalmia, Trukkin connects shippers ... Read more ›
0
Dubai-based Y Combinator-backed fintech Ziina has raised $7.5 million in a new round of funding led by Avenir Growth Capital and Class 5 Global, it announced on Monday. Wamda Capital, FJ Labs, Graph Ventures, Goodwater Capital, Jabbar Internet Group and Oman Technology Fund’s Jasoor Ventures also joined the deal along with some high-profile individual investors ... Read more ›
0
Most popular sources
Business Insider
|
38% 9 |
Gizmodo
|
7% 1 |
Droid Life
|
6% 4 |
The Verge
|
6% 1 |
Tom's Hardware
|
4% 1 |
| View sources » | |
LIKE us on Facebook so you won't miss the most important news of the day!
11.06.2025 18:53
Last update: 18:41 EDT.
News rating updated: 01:40.
What is Times42?
Times42 brings you the most popular news from tech news portals in real-time chart.
Read about us in FAQ section.