Subha Bhargavi

Desert Control joins in5’s alumni network after raising AED 85 million in successful IPO

Agri-tech startup Desert Control is ready to launch commercial rollout of liquid natural clay (LNC) – an innovation that turns deserts into fertile land – after joining the alumni network of in5, an enabling platform for tech, media and design entrepreneurs in Dubai.

Ziina secures $7.5 million in its latest funding round

Ziina, the UAE’s first Peer-to-Peer (P2P) payment application, which is backed by Y-Combinator (YC), announced its latest funding round of $7.5 million. The round which closed in May 2021 will help the company launch its new wallet service and fuel its expansion into Saudi Arabia.

Boksha secures $1 million in seed round

Boksha, an Emirati founded tech start-up, has secured $1 million from a group of investors, which includes Sandooq Al Watan and family offices.

MoneyHash completes its pre-seed round to launch its services across MEA

MoneyHash, an Egyptian US-based fintech startup that uses a universal API and a unified checkout experience to help businesses consolidate and grow their payments and financial tech stack across Africa and the Middle East, closes a six-figure pre-seed round to launch its services across the region. The round was led by UAE’s venture capital firm COTU Ventures, with participation from the Ventures ...

AFS GO! launched to support the growth of MSMEs in Bahrain

Arab Financial Services (AFS) has launched a new, digital solution bundle that supports the growth of Micro, Small and Medium Enterprise (MSME) businesses in the Kingdom of Bahrain.

Cisco publishes its 2021 SMB Security Outcomes Study

Cisco has today published its 2021 SMB Security Outcomes Study, a derivative of Cisco’s flagship cybersecurity report, 2021 Security Outcomes Study, highlighting what SMB leaders are doing to thrive in today’s ever-evolving threat landscape, as well as offering actionable insights on where they should focus their digitization, security planning and cyber defense efforts in the year ahead.

Opontia raises $20M in seed funding

Opontia, a Dubai and Riyadh-based startup that acquires and grows e-commerce brands has raised $20M in seed funding, one of the largest seed rounds in the Middle East and Africa region.

TIER secures $60m of asset-backed financing from Goldman Sachs

TIER has recently secured $60m (AED220 million) of asset-backed financing from Goldman Sachs. The debt facility from the leading investment banking, securities and investment management firm is the first of such scale in micro-mobility and will fuel TIER’s e-scooter fleet expansion for 2021. This debt facility comes as part of TIER’s ongoing plans to broaden its footprint across Europe...

VentureSouq participates in the Series A round funding of Tajir

Tajir, a Lahore-based B2B E-commerce marketplace has raised a $17M Series A round, led by American VC firm Kleiner Perkins, with participation from Y Combinator Continuity Fund, AAVCF, Fatima Gobi Ventures, Flexport, Golden Gate Ventures, Liberty City Ventures, VentureSouq, and angel investors including Flexport CEO Ryan Petersen and Figma CEO Dylan Field.

Pawame secures US$1.7 mil series A funding

Pawame has announced that it has successfully secured US$1.7 mil in grant commitments, plus US$750k in equity including $250k from Launch Africa. The company has also announced that it is now launching its US$5 mil series A funding round to further boost its growth and expansion into Africa to further empower individuals to create a future for themselves

Wa’ed invests $500,000 in FalconViz

The entrepreneurship arm of Saudi Aramco has invested a further $500,000 in a Saudi drone operator to help scale its operations to expand overseas, it was announced on Wednesday.

Lost Password