Funding
Trukkin secures 26 million SAR in its Series A round
The logistics and supply chain startup Trukkin has secured an investment round of 26 Million SAR for it’s Series A round. The round was led by Saudi based Emkan Capital with the participation from Imp...
Emirates Development Bank signs a MoU with RAKBANK
Emirates Development Bank [EDB] has entered into a Memorandum of Understanding [MoU] with RAKBANK on Credit Guarantee and Co-lending programs for SMEs in the UAE.
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 th...
Saudi based startup Red Sea Farms raises $10 million
Saudi Arabia based AgTech startup, Red Sea Farms today announced that it has been able to raise $10 million investment today a group of leading Saudi and UAE investors. The startup has developed one-o...
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 Afric...
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 fi...
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 Ven...