Bazaar, a Pakistan-based B2B ecommerce startup that had launched just eight months ago to digitize traditional retail in Pakistan, has raised $6.5 million in one of the region’s largest seed rounds. The round was co-led by Berlin-based Global Founders Capital which is making its first investment in Pakistan, and Pakistan-focused VC Indus Valley Capital that ... Read more ›
129
Dubai-based fintech Ziina has received Y Combinator’s backing and raised a seed round from investors in the United States and the Middle East, it announced in a statement today to MENAbytes. The startup is part of Y Combinator’s Winter 2021 (W21) batch. It said that it is the third startup from the United Arab Emirates ... Read more ›
9
Karachi-based ecommerce enablement startup Unity Retail has raised a six-figure (USD) seed round from a local investment firm Boston Equity Partners, it announced in a statement earlier this week to MENAbytes. Founded in 2017 by Mohammed Atif Sami and Syed Shoaib Ahsan, Unity Retail helps online retailers automate their order fulfillment processes through its easy-to-use ... Read more ›
2
Bahrain-headquartered cryptocurrency exchange Rain has raised $6 million in a Series A round led by Middle East Venture Partners (MEVP), it announced in a statement to MENAbytes today. The round also saw participation of different new and existing investors including Coinbase which is the largest cryptocurrency platform in the United States (and filed last month ... Read more ›
8
Delivery Hero, the Berlin-headquartered global food (and grocery) delivery giant has launched an independently managed early-stage venture capital fund, DX Ventures, to invest in startups all around the world. The fund has launched with $60 million (€50 million) of capital from Delivery Hero that will be invested in founder-led startups across different industries, including on-demand ... Read more ›
16
London-headquartered fintech Checkout.com that enables merchants of different sizes to accept online payments has hit a $15 billion valuation (post-money) in its latest funding round, it announced in a statement today. The company that has a significant presence in the Middle East & North Africa has raised $450 million in a Series C round. The ... Read more ›
4
Dubai-based investment advisory platform Sarwa is expanding to Saudi Arabia after receiving the fintech experimental permit from Saudi’s Capital Markets Authority (CMA), it announced in a statement today. The development comes almost a year after Sarwa raised $8.4 million in one of the largest funding rounds for a consumer fintech of the region. The startup ... Read more ›
4
Abu Dhabi-based early-stage VC firm Access Bridge Ventures has announced the launch and first close of its $25 million debut fund today. The firm did not disclose the exact size but told MENAbytes that it is a significant first close and it aims to hit the final close in a year. The team behind Access ... Read more ›
3
SAMA, the Saudi Central Bank (previously known as Saudi Arabian Monetary Agency) has issued the Open Banking policy today listing the objectives and benefits of it for the local financial sector. The move is part of a series of different initiatives that SAMA has introduced over the last three years to help create and grow ... Read more ›
24
Turkish healthcare startup Inofab Health has raised $1 million in fresh funds from three local investors; including Re-Pie Asset Management Co. (First Diversified Venture Capital Investment Fund), Teknoloji Yatırım, and Fark Labs, it announced in a statement on Thursday. Founded in 2014 by Merthan Öztürk and Kerem Yaşar, Inofab Health develops and sells different products ... Read more ›
0
Jeddah-based peer-to-peer (P2P) vehicle-sharing platform Ejaro has raised $850,000 in a seed round, it announced in a statement today to MENAbytes. The money came from angel investors and a local venture studio BIM Ventures. Founded in 2019 by Mohammed Khashoggi, Ejaro is basically an Airbnb for cars, connecting local vehicle owners with individuals looking to ... Read more ›
0
Anghami, the Beirut-headquartered leading music streaming service of the Middle East & North Africa has raised fresh funds from UAE’s Shuaa Capital, the company and investment firm announced in a joint statement on Tuesday, without disclosing the size of the deal. The investment is part of an ongoing $50 million round, Anghami’s co-founder Elie Habib ... Read more ›
7
Cairo-based life science startup Nawah Scientific has raised $1 million in fresh funds in a round comprised of both equity and debt, it announced in a statement to MENAbytes today. The round that takes Nawah Scientific’s total capital raised to date to $2 million was led by its existing investor Egypt Ventures, with the participation ... Read more ›
19
Cairo-based fintech Cassbana has raised $1 million in a seed round led by Egyptian fintech-focused VC Disruptech, it announced in a statement today to MENAbytes. Founded in early 2020 by a former Careem executive Haitham Nassar, Cassbana is building financial identities for different types of users especially those who don’t use conventional banking services. It ... Read more ›
4
Lahore-based fintech Finja has closed $9 million in a $10 million Series A financing round, it announced in a statement today to MENAbytes. The investment came from ICU Ventures and the existing investors BeeNext, Vostok Emerging Finance, Quona Capital, and Gray MacKenzie Engineering Services (a Descon company). It takes total financing raised so far by ... Read more ›
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Riyadh-based roadside assistance startup Morni has raised $9.1 million in a Series B round led by Saudi investment firm G Square Investments, it announced today. The round also included participation of some other investors. Morni has previously raised $1.1 million from Raed Ventures and 500 Startups in 2016. Its web and mobile-based platform offers towing ... Read more ›
2
Dubai-based logistics startup Fodel (Forward Delivery) has expanded launched its services in four new markets including Saudi Arabia, Kuwait, Bahrain, and Oman, it announced in a statement to MENAbytes today. Fodel turns local merchant stores into pick up points, enabling the online shoppers to collect their parcels any time from a nearby store. The model ... Read more ›
2
Riyadh-based food delivery startup Jahez is planning an IPO for next year, its CEO Ghassab AlMandeel revealed in a fireside chat with Digital Digest’s Racha Ghamlouch at RiseUp Summit on Saturday. Jahez CEO said this responding to a question about whether the startup could potentially consider partnering with Delivery Hero in the future or would ... Read more ›
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Muscat-based IoT (Internet of Things) startup eMushrif has raised $2.3 million in a Series A round led by Oman’s IDO Investments, it announced in a statement today. The round was also joined by other Omani investors including Phaze Ventures and Otf Jasoor Ventures, as well as Dubai-based Dtec Ventures, Myrad Holdings, and a few angel ... Read more ›
2
Startup Istanbul, a startup event that takes place in Istanbul every year, has launched a VC fund to invest in pre-seed startups in emerging markets, it told MENAbytes today. The target size of the fund is $10 million and it is expected to hit the first closing within the next few weeks, Burak Buyukdemir, the ... Read more ›
2
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27.11.2024 13:47
Last update: 13:41 EDT.
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