RiseUp CEO Abdelhameed Sharara and MARAKEZ CEO Basil Ramzy took to the stage at RiseUp ’23 to announce a partnership between the two entities that’s bringing to life RiseUp’s first vertical: RiseUp Retail. With plans for over 3,000 attendees, 40+ investors, and international and local speakers, RiseUp Retail is taking place at District 5—MARAKEZ’s flagship ... Read more ›
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RiseUp’s summit of the decade kicks off tonight at the Grand Egyptian Museum with a series of talks, panels, and fireside chats across its three stages. The Tech Stage, The Capital Stage, and The Creative Stage will host over 260 renowned speakers giving over 50 talks throughout the weekend. As you plan your summit agenda, ... Read more ›
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Can you believe the MENA region’s largest entrepreneurial summit is 10 years old? RiseUp is making history and celebrating its summit of the decade this weekend, and it’s doing so at the world’s most anticipated museum: the Grand Egyptian Museum. The three-day summit weekend kicks off today and runs until Saturday, March 19 – here’s ... Read more ›
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Maqsad, a Karachi-headquartered edtech startup has raised $2.8 million in a seed round, it announced today. The round was led by Speedinvest, one of Europe’s largest seed funds, and included participation from returning investor Indus Valley Capital, Stellar Capital, Alter Global, Johann Jenson (SVP Product at GoStudent), and other strategic angels. The startup said that ... Read more ›
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co-authored by Riyad Abou Jaoudeh and Naldo Bejjani The recent FTX collapse has underscored the significance of good corporate governance in the world of cryptocurrency, startups, and venture capital. Corporate governance ensures that a company is managed in a transparent, accountable, and responsible manner, and is essential for a startup’s long-term success. The principles of ... Read more ›
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ZoodPay, a Switzerland-headquartered buy now pay later platform that operates in different Middle Eastern and Central Asian markets has acquired Pakistani consumer lending fintech Tez, it announced in a statement today. The financial details of transaction were not disclosed but the statement noted that it is the first M&A deal in Pakistan’s young fintech space. ... Read more ›
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Lahore-based Colabs has raised $3 million in a seed round led by Indus Valley Capital, Zayn Capital, and Fatima Gobi Ventures, it announced in a statement on Friday. It is the first time these three leading Pakistan-focused VCs are investing together in a startup, noted the statement. Colabs had previously raised $1 million in a ... Read more ›
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Cairo, Egypt – 22 March 2022 – FlapKap, a company revolutionizing e-commerce and SaaS growth in the MEA region, announces its launch and successful completion of a $1.2 million fundraise. The fundraise was led by A15, the leading MENA venture capital firm, and one of the most prominent backers of early-stage start-ups in the region. ... Read more ›
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Karachi-headquartered B2B ecommerce and fintech startup Bazaar has raised $70 million in a Series B round led by Dragoneer Investment Group and Tiger Global, it announced today. The round that comes just six months after Bazaar’s $30 million Series A was also joined by existing investors, including Indus Valley Capital, Defy.vc, Acrew Capital, Wavemaker Partners, ... Read more ›
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Milango, a community management software provider, backed by A15, has acquired local rival Circle, a 500 Startups-backed company. The acquisition will help Milango increase its market share and further solidify its position as the premium community management solution in the region. The acquisition grows Milango’s contracted user base to more than 100,000 residential units and ... Read more ›
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Bahrain-headquartered cryptocurrency exchange Rain has raised $110 million in a Series B round co-led by Kleiner Perkins and Paradigm (the largest crypto fund in the world founded by Coinbase co-founder Fred Ehrsam and former Sequoia Capital partner Matt Huang). It is the first Middle East investment for both the firms. The round is one of ... Read more ›
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Lahore-headquartered business-to-business fresh produce marketplace Tazah has raised $4.5 million in fresh funds (in an extension of its pre-seed) to close its $6.5 million in what it said is the largest pre-seed round of Pakistan. The latest tranche of the round was co-led by Pakistan-based Fatima Gobi Ventures and Ankur Nagpal’s Vibe Capital. The investment ... Read more ›
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Sympl, the first ‘Save Your Money Pay Later’ platform in Egypt, announces it raised $6 million following its soft launch last month. The funding round was led by Beco Capital along with A15, and Global Ventures, three of the top-tier Venture Capital firms in the region. Since launching this October, Sympl has had strong traction with both merchants and users in the local Egyptian market. This fundraise is a testament... Read more ›
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Cairo-based 20-minute grocery delivery startup Rabbit has raised $11 million in the largest-ever pre-seed round of the Middle East and Africa, it announced in a statement today. The investment came from Global Founders Capital, Foundation Ventures, Raed Ventures, MSA Captial, and Goodwater Capital. Founded earlier this year by Ahmad Yousry, Walid Shabana, Ismail Hafez, and ... Read more ›
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A15, a leading venture capital firm supporting entrepreneurs in the MENA region, has announced it is the first investor in one of Egypt’s latest start-ups to successfully launch, Sympl – which is set to disrupt the country’s consumer payments sector. Focused on tech start-ups and with a long track record in generating value for FinTechs, A15 is ... Read more ›
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Lahore-based business-to-business ecommerce platform Zarya has raised $1.7 million in a pre-seed round led by one of MENA’s leading VCs Raed Ventures, with participation from Fatima Gobi Ventures, U.S.-based Class 5 Global, Global Founders Capital. Egyptian social commerce startup Taager that had raised $6.4 million in a seed round earlier this year also joined the ... Read more ›
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Colabs is a Lahore-based startup that builds and operates co-working spaces in Pakistan. It was started in 2019 by twin brothers; Omar and Ali Shah, and currently operates two spaces in Lahore, with a third on the way. On the surface, it seems like just another coworking operator but what sets it apart is its ... Read more ›
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Karachi-based ecommerce logistics startup Rider has raised $2.3 million in a seed round led by Global Founders Capital, Fatima Gobi Ventures, and Asian Development Bank, it announced in a statement today. TPL E-Ventures and Transhold also participated in the deal. Founded by Salman Allana in 2019, Rider offers last-mile delivery servicers to ecommerce retailers through ... Read more ›
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Lahore-headquartered business-to-business fresh produce marketplace Tazah has raised $2 million in a pre-seed round co-led by Global Founders Capital and Zayn Capital, it announced on Wednesday. Ratio Ventures, Walled City Co., i2i Ventures, Suya Ventures, Globibest, Afropreneur‌ ‌Syndicate,‌ ‌+92‌ ‌Ventures,‌ ‌Sunu‌ ‌Capital,‌ ‌Musha‌ ‌Investments‌, Mezan Foods, and senior executives of Careem and Swvl also participated ... Read more ›
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Dubai-headquartered digital asset exchange BitOasis has raised $30 million in a Series B round co-led by US VC firm Jump Capital and returning investor Wamda, it announced in a statement today. The round was also joined by Alameda Research, Global Founders Capital, and existing investors including; Pantera Capital, Digital Currency Group, and NXMH. Founded in ... Read more ›
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11.04.2025 07:43
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