Funding

The Abraaj Group Invests in Turkish e-Commerce Business Hepsiburada

The Abraaj Group, a leading investor operating in global growth markets, today announced the acquisition, through one of its Funds, of a minority stake in Hepsiburada.com, a Turkish online retailer. T...

Carmudi Raises $25 Million in Funding

Carmudi, a car classifieds site backed by Rocket Internet with particular focus on emerging markets,

Bitcoin Tumbles Below the $200-Level as Sell-Off Intensifies

Bitcoin prices plunged below the $200-level on Wednesday to hit the lowest level in more than a year as investors exited the market amid bearish chart signals. 

Venture Catalyst Grants Security Startups Crime-Fighting Funds

Two startups that help protect the public have won funding from a venture program to take their ideas to market.

Amanat’s AED 1.375 Billion IPO 10 Times Oversubscribed

Amanat Holdings (“Amanat”), a public joint stock company under formation, announced today that its AED 1.375 billion Initial Public Offering (IPO) was nearly 10 times oversubscribed,

Well-Funded SMEs Support Sustainable and Wide-Spread Growth of the Economy

The global necessity for Small and Medium-Sized Enterprises (SMEs) to have access to funding was today covered at the 10th World Islamic Economic Forum (WIEF)

Secret App Brings in $25 Million in Round 2 Funding

Secret, the anonymous social posting app startup, has managed to bring in a funding of $36.3 million total from multiple interested parties.

Intel and Berytech Announce Winners of Intel Business Challenge for MENA

In the context of the 3rd edition of the “Intel Berytech Innovation Challenge” (IBIC), leading to Intel Business Challenge Middle-East & North-Africa,

AirDog Reaches Half-Million USD in Funding on Second Week of Kickstarter Campaign

AirDog’s Kickstarter campaign is a success. AirDog the easy-to-use auto-follow drone for the GoPro camera has achieved their stretch goal of $500,000 USD