Karachi-headquarterd travel platform FindMyAdventure has raised $600,000 in a pre-Series A round from a local Pakistani and expatriate consortium, it announced in a statement today to MENAbytes. Founded in 2016 by Komail Naqvi, Husnain Habib Malik, Khawaja Raza Abbas, Shozab Naqvi and Syed Haider Raza, FindMyAdventure had started as an online platform enabling users to ... Read more ›
417
Roamer, a Pakistani transportation startup has launched country’s first self-drive electric bike rental service ‘Ezbike’, it announced last week at an event in Islamabad. The service has been launched in select-areas of Islamabad for now and will gradually be rolled out across the country, said the startup without sharing a timeline of when it plans ... Read more ›
16
Karachi-based healthtech MedznMore has raised $2.6 million in a seed round, it announced in a statement today. The startup did not share the names of investors but told MENAbytes that the investment came from some ‘big local families’ and international investors who don’t want to disclose their names for now. MedznMore has also confirmed to ... Read more ›
190
Riyadh-headquartered B2B ecommerce startup Retailo has come out of stealth today with the announcement of $2.3 million in a pre-seed round led by Abu Dhabi-based Sorooq Partners. 500 Durian (the 500 Startups fund for Southeast Asia) and 92 Ventures also participated in the round along with angels from ‘region’s top startups and leading management consulting ... Read more ›
134
Sharif El-Badawi and Hasan Haider, the former managing partners of 500 Startups’ MENA fund (500 Falcons) have announced the launch of their new venture capital firm ‘Plus Venture Capital’ and its debut fund. Plus Venture Capital’s (+VC) debut fund has a target size of $60 million, Sharif and Hasan told MENAbytes. They’ve already secured some ... Read more ›
62
Cairo-based fintech NowPay has raised $2.1 million in a seed round co-led by Foundation Ventures and Endure Capital, with the participation of investors from the United States, United Arab Emirates, China, and Egypt, it announced in a statement to MENAbytes today. Beco Capital, 500 Startups (MENA), Plug and Play, 4Dx Ventures, MSA Capital, EFG-EV Fintech, ... Read more ›
135
Milango, a Cairo-based startup that enables offline communities to offer different services to their residents and members through mobile apps, has raised a six-figure (USD) seed investment in a round led by A15, it announced in a statement to MENAbytes today, without disclosing the exact size of investment. The startup had originally started as a ... Read more ›
45
Lahore-based healthtech Healthwire has closed a $700,000 pre-Series A investment round from Pakistan-focused VC 47 Ventures, it told MENAbytes today. The round was closed a few months ago but is being today. The startup had originally started as a doctor booking platform in 2015 but Hamza Iqbal, its founder and CEO, quickly realized that hospitals ... Read more ›
5
Abdulaziz Al Loughani is a Kuwaiti entrepreneur who had previously led Talabat before passing on the baton to his partner Mohammed Jaffar (who then sold the company to Rocket Internet for $170 million in 2015). He’s also a tech investor and has been investing in startups across the region through Faith Capital, an investment firm ... Read more ›
18
Tunisian edtech startup GoMyCode has raised $850,000 in a pre-Series A round from Wamda (their first investment in the country), Tunis-based investment firm Meninx Holding, Anava Seed Fund (the fund behind Flat6Labs Tunis), and Jasminum Capital. Some angel investors including Dali Kilani, Béchir Tourki, and Houssem Aoudi also participated in the round. Founded in 2017 ... Read more ›
3
Karachi-headuqartered on-demand transportation and logistics startup Bykea has raised 13 million in a Series B round, it announced in a statement to MENAbytes today. The investment was led by Prosus Ventures (formerly Naspers Ventures), one of the leading global tech investors. It is their first investment in a Pakistani startup. The round also included the ... Read more ›
45
Sharif El-Badawi and Hasan Haider, the managing partners of 500 Startups’ Middle East & North Africa fund (500 Falcons) are leaving the firm to start their own fund, 500 revealed in a statement today that announced the appointments of Bedy Yang as the new managing partner for Falcons I and Rina Onur as an advisor. ... Read more ›
85
Cairo-based online fashion rental platform La Reina has raised a six-figure (USD) ‘seed investment’ from 500 Startups, Algebra Ventures, and some other angel investors, it announced in a statement to MENAbytes today. The exact size of the round was not disclosed. La Reina had previously raised $1 million in a funding round led by Algebra ... Read more ›
16
Beirut-based edtech Synkers has raised $1.8 million in a pre-Seris A round led by Dr. Lama and Dalia Al Sulaiman (who run a Saudi conglomerate Rolaco Holdings), the startup announced today. Existing and new investors including 500 Startups (500 Falcons), Phoenician Funds, Kafalat iSME, Mulcan Investment, Seeders, Crescent Capital, and Dubai Angel Investors, also invested ... Read more ›
3
Careem is going remote-first, giving its employees across 36 offices around the region the option to work from home on a permanent basis, it announced today. We’ve seen many technology companies in Silicon Valley extend the work-from-home policy until the end of 2021 and some including Twitter announce it as a permanent option. But that is ... Read more ›
18
Cairo-based fintech Kashier has raised seed investment led by Glint Ventures, it announced in a statement to MENAbytes on Sunday. The startup did not disclose the exact size of investment but has told MENAbytes that it is a six-figure (USD) deal. The round also included participation of some other unnamed investors. Founded in 2017 by ... Read more ›
18
Brought to you by Covid-19 has caused the demise of many businesses around the world but it has also accelerated the growth of some others. One such business is Rush Brush, a Cairo-born direct-to-consumer (D2C) brand of hair styling products that claims to have seen its sales grow by 300 percent (YoY) during the first ... Read more ›
32
Riyadh-based procurement SaaS startup Penny has raised $1.35 million in a seed round from Wamda, Class 5 Global, Outliers VC, Plug and Play, and some strategic angel investors, it announced in a statement to MENAbytes today. According to our data, it is the largest seed round raised by a SaaS startup in Saudi. Founded earlier ... Read more ›
5
Pakistani female fitness startup AimFit has raised $1 million in a seed round led by Indus Valley Capital, a Pakistan-focused VC fund started by LinkedIn’s former VP Growth Aatif Awan. The round includes participation of an unnamed unicorn founder, the founding team of direct-to-consumer shoe startup Atoms, and some other angel investors. According to our ... Read more ›
585
Everybody has heard some version of the adage ‘don’t let money stand in the way of your dreams.’ You’ll find thousands of blogs and articles, tips and advice, and ‘do’s and don’ts’ urging you never to give up. Add to this the advertising and marketing campaigns that champion the Careem and InstaShop success stories of ... Read more ›
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27.11.2024 17:34
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