UAE-based fintech Flow48 has secured $69 million in a Series A funding round combining debt and equity, led by Breega with participation from 212, Speedinvest, Daphni, Endeavor Catalyst, Evolution Ventures, and Plus VC, it announced on Monday. The breakdown of debt and equity was not disclosed. This funding comes after Flow48 closed a $25 million ... Read more ›
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Journify, a marketing technology startup, has secured $4 million in funding led by Silicon Badia with participation from Saudi’s RZM Investment and other strategic investors, it announced today. Founded in 2023 by Taoufik El Jamali, Omar Al Shoubaki, and Amine Chouki, and headquartered in the US and UAE with technology hubs in Morocco and Jordan, ... Read more ›
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Djamel Mohand, Chief Operating Officer of Foodics, the leading restaurant management platform in the Middle East & North Africa, has announced his departure from the company after nearly five years to launch his own startup. He announced the decision in a LinkedIn post earlier today, ” After almost 5 years of an historical journey it ... Read more ›
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UK-based Pinewood Technologies has acquired Dubai-headquartered automotive AI startup Seez for $42 million, it announced today. With the deal, it is acquiring a 90.9 percent stake in the firm, to complete the 100 percent acquisition of the firm. Pinewood acquired the remaining 9.1 percent stake in the Dubai startup through a strategic investment of $4.2 ... Read more ›
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Bahrain-based Lola, a startup that enables users to customize and order cakes through its mobile app, has raised $1.3 million in a pre-seed round led by Vision Ventures and Plus VC, with participation from strategic angel investors, it announced today. Founded by Othman Janahi in September 2023, Lola launched first in Bahrain before expanding to ... Read more ›
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Saudi online beauty retailer Nice One has seen its market capitalization cross $2 billion, making it the largest listed online retailer in MENA, after its shares more than doubled in value since its IPO last month. The company’s shares, which were listed on Tadawul on January 8 at SAR 32, reached SAR 68.2 last Thursday, ... Read more ›
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Saudi Arabia-based Palm Ventures has announced the initial close of its $30 million Fund I, focusing on early-stage startups across MENA with a strategic allocation for US-based AI opportunities, it announced last week. Founded by Dr. Yassir Nasief and Redwan Abudawood, Palm Ventures, according to its website, has already made 13 direct investments in MENA ... Read more ›
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UAE-based classifieds platform Dubizzle Group (previously known as Emerging Markets Property Group or EMPG) has acquired Egyptian online car marketplace Hatla2ee for an undisclosed amount, it announced on Tuesday. The acquisition comes less than a year after Dubizzle’s purchase of UAE-based automotive platform Drive Arabia. Founded in 2016 by Samy Swellam, Hatla2ee has grown to ... Read more ›
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Tunisia-based circular fashion marketplace Dabchy has raised fresh funds in a pre-Series A round led by Janngo Capital, with participation from US-based Renew Capital and Village Capital, along with angel investors including InstaDeep’s founder Karim Beguir, it announced on Tuesday. It didn’t share the exact size of the deal but said it was a seven-figure ... Read more ›
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Makkah-headquartered ecommerce platform provider Salla has acquired Sweply, a digital advertising platform, for an undisclosed sum. Following the acquisition, Sweply will be rebranded as “Salla Ads” and integrated as the official advertising solution within Salla’s ecosystem. Founded in 2016 by Nawaf Hariri and Salman Butt, Salla enables merchants to set up their online stores within ... Read more ›
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UAE and US-based biotech startup BioSapien has extended its pre-Series A round to $7 million with new investment from Golden Gate Ventures’ MENA Fund, marking the fund’s first investment in the region, it announced in a statement today. The extension follows the company’s initial $5.5 million raise in December led by Global Ventures, with participation ... Read more ›
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Hamilton, a protocol that provides technology for turning real-world assets in MENA into digital tokens on Bitcoin, has raised $1.7 million in a pre-seed round. The funding was led by Egyptian fintech-focused VC DisrupTech Ventures, with support from CMS, DeSpread, Hyperithm, Core Ventures, and other investors, the company announced earlier this week. Founded in 2024 ... Read more ›
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Saudi-headquartered foodtech startup Calo has raised $25 million in a Series B round led by Nuwa Capital, with participation from STV and Khwarizmi Ventures, along with some regional family offices, it announced in a statement today. All three VCs are returning investors. The round values the company at $250 million, according to multiple sources who ... Read more ›
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Saudi beauty ecommerce platform Nice One has set the final price for its initial public offering at SAR 35 per share, the company announced last week. The price, which is at the top end of its previously announced range, implies a market cap of over SAR 4 billion ($1.06 billion). The institutional book-building process attracted ... Read more ›
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Dubai-based accounting software startup Wafeq has raised $7.5 million in a Series A funding round, it announced today. The round was led by London-based 9900 Capital, with participation from Gary Turner, the former CEO of Xero’s EMEA operations, and existing investors Raed Ventures and Wamda Capital. Founded in 2019 by Nadim Alameddine, Wafeq is an ... Read more ›
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Talabat, the leading on-demand delivery platform in the MENA region, made its debut on the Dubai Financial Market (DFM) today, marking the largest global technology IPO of 2024. However, the company’s shares closed 6.9% lower at 1.49 dirhams, dampening some of the excitement around its successful fundraising. The stock opened at AED 1.7, rising over ... Read more ›
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Nice One, the leading beauty ecommerce platform in Saudi Arabia, has announced the price range for its IPO, set between SAR 32 and SAR 35 per share. The company will offer 34.65 million shares, representing 30 percent of its total share capital, which could potentially raise up to $322 million, at a valuation of over ... Read more ›
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Talabat, the leading on-demand delivery platform in the Middle East and North Africa, has priced its initial public offering (IPO) at the top of its price range, raising $2.04 billion. The company increased its offering size from 15% to 20% of its total share capital to accommodate substantial investor demand, it announced last week. The ... Read more ›
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Dubai and Riyadh-headquartered eyewear retailer Eyewa has raised $100 million in a Series C funding round led by General Atlantic, with participation from Badwa Capital and Turmeric Capital, it announced today. The US-based global growth investor, which recently opened its office in Riyadh, also led $67.5 million Series B of Saudi fintech Lean earlier this ... Read more ›
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Egyptian billionaire Naguib Sawiris has launched Moniify, a digital business and finance news platform focused on emerging markets, investing tens of millions of dollars in the venture. The Dubai-based platform, which launched today, aims to provide business and finance news content targeting young professionals and entrepreneurs in emerging markets. The platform features a modern interface ... Read more ›
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13.12.2025 08:39
Last update: 08:25 EDT.
News rating updated: 15:32.
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