Funding
Maalexi raises $3 million in pre-Series A funding led by Global Ventures
UAE-based dynamic risk management platform for SME agri-businesses, Maalexi announces the completion of its $3 million pre-Series A funding round was led exclusively by Global Ventures – MENA’s ...
Saudi HealthTech startup Clinicy secures Series A funding
Saudi Arabia’s pioneering healthcare technology startup, Clinicy, has successfully raised a significant seven-figure (USD) Series A funding round, led by Middle East Venture Partners (MEVP), str...
Winshot raises $615000 in seed funding
In a significant move for the Tunisian retail tech scene, Winshot, a promising startup with a focus on enhancing operational efficiency and consumer experiences, has successfully secured a six-figure ...
Tameed raises $15M in Series A funding round led by Alromaih Investments
Tameed announced that it has successfully raised SAR 56.75M ($15M) in a Series A funding round led by Alromaih Investments, which the company plans to accelerate its growth and meet the increasing dem...
Rwanda’s Ampersand raises USD 19.5 million
Ampersand, Africa’s first electric transport energy company, has raised $19.5 million in funding led by Ecosystem Integrity Fund (EIF) and is joined by Acumen and Hard Edged Hope Fund. In addition, th...
Axelspace raises approximately $44 million in Series D
Axelspace Holdings Corporation completed its Series D funding round, raising approximately $44 million. The round sees the allocation of new shares to SMBC-GB Growth I Investment Limited Partnership, ...
Tabby secures $700M in debt financing from J.P. Morgan
Tabby has secured up to $700 million in receivables securitization from J.P. Morgan. The deal represents the largest asset-backed facility obtained by a fintech company in the MENA region.
Riyadh-based Soum secures $18 million in Series A
Riyadh-based marketplace for secondhand products, Soum has successfully secured $18 million in Series A funding led by Jahez and participation from Isometry Capital along with existing investors parti...
Saudi-based Hakbah raises $5.1 million in Series A funding
Saudi-based fintech savings platform Hakbah successfully raised $5.1 million in a Series A funding round led by VentureSouq, M-Capital, Bunat Ventures, and existing investors Global Ventures and Aditu...