Funding
Aramco’s Wa’ed Ventures and Phaistos Investment fund OQ Technology
OQ Technology, a global 5G IoT (Internet of Things) satellite operator, has closed a Euro 13 million Series A funding round led by Wa’ed Ventures, the venture capital arm of Aramco, and Phaistos Inves...
Outpost raises $7.1 m seed round to develop reusable satellites for earth return service
Outpost Technologies, the sustainable space company, announced the closing of a $7.1 m Series Seed round. During a bearish fundraising environment, this round was oversubscribed, demonstrating Outpost...
Kenya based fintech, Pezesha raises a pre-series A investment of $11 million
Kenya based fintech, Pezesha has raised a pre-series A investment of $11 Million. The round was a mix of $6 million equity and $5 million debt. The funding round, which was led by Women’s World Bankin...
Stake, secures over US$8 million in a pre-series A funding
Dubai-based digital real estate investment platform, Stake, secured over US$8 million in a pre-series A funding round. This follows a US$4 million seed round the company closed back in June 2021, brin...
ArabyAds rasies $30 m in pre-series B
ArabyAds, the leading AdTech company in the MENA region, announced that it has raised $30 Million in Pre-Series B funding round from AfricInvest, a leading pan-African investment platform managing mul...
Nigerian fintech startup, Grey raises $2 m in seed funding
Grey, a fintech started by two Nigerians to simplify sending and receiving foreign payments for Africans, has raised $2 million in seed funding. The service offered by Grey enables its customers to ha...
Egypt’s SubsBase raises $2.4 million in seed round
SubsBase, the first and only subscription and recurring revenue management platform catering to the MENA region has announced it has successfully closed its seed round at $2.4 million.
ATLAS Space Operations secures $26 m in Series B
ATLAS Space Operations, a global leader in cloud-based space communications solutions, today announced $26 million in Series B Funding led by Mitsui & Co., Ltd. The investment round reaffirms conf...
Hub71 teen-focused fintech startup Zywa raises $3million in seed funding
Zywa, a teen-focused fintech startup re-imagining banking for Gen Z in the Middle East and North Africa, has announced a seed funding round of US $3 million. The startup, which is part of Hub71, Abu D...