Funding

European Investment Bank invests $27 million in the Middle East Venture Fund IV

The European Investment Bank, through its new dedicated development finance arm EIB Global, will provide $27 million participation in the $150 million Middle East Venture Fund IV. The new venture capi...

palm.hr raises $5m to transform HR tech and employee experiences in the region

Saudi Arabia based HR tech platform, palm.hr has announced the completion of a $5 million Pre-Series A round co-led by Speedinvest and RAED Ventures. With more than €1 billion AuM, Speedinvest is one ...

Egyptian startup Gameball raises $3.5 million for international expansion

Gameball, the all-in-one customer intelligence and marketing CRM platform for consumer brands, has announced the completion of a $3.5 million fundraise to accelerate its international expansion. A ros...

Flat6Labs closes Startup Seed Fund in Saudi Arabia

Flat6Labs announces the first close of the “Startup Seed Fund” in Saudi Arabia, with the participation of the Saudi Venture Capital Company (SVC) and the “Jada” Fund of Funds, wholly owned by the Publ...

Finalrentals bags a major investment

A Cardiff-based global online car rental web-application business has secured the backing of a syndicate of four business angels led by lead investor Eamon Tuhami and venture capital company Fuel Vent...

Broadhill Capital commits equity investment of USD $15 billion

Broadhill Capital has announced that the firm will target to commit equity investment of USD $15 Billion across approximately 100-150 businesses. “We expect to make non-control equity investment...

Wafeq completes $3 million seed round

Wafeq has announced the completion of its $3 million seed round. The Dubai headquartered company’s seed round was led by Raed Ventures and saw participation from Wamda Capital, both of which are...

Terra Drone closes a $14 million bridge round

Terra Drone, the Japan-based leading drone and Urban Air Mobility technology (UAM), announces closing a $14 million bridge round led by Wa’ed Ventures, the Kingdom-focused venture capital arm of Aramc...

African tech ecosystem growing faster despite the global VC downturn

Partech Africa, the VC fund dedicated to technology startups in Africa, has issued its annual report on Africa Tech Venture Capital. The report, which aims to provide a practical picture of the state ...