Funding
The Cloud secures $10 million funding
The Cloud has secured $10 million in funding led by Middle East Venture Partners (MEVP) and Olayan Financing Company (the Middle East investment arm of The Olayan Group) with participation from Rua Gr...
Investcorp leads $100 million Pre-IPO round in TruKKer
Investcorp has announced that Investcorp Saudi Pre-IPO Growth Fund LP led the Pre-IPO round in privately-held TruKKer. Investcorp led the initial close of this round with a $51 million investment alon...
Endure Capital completes the first close of its new $50 million fund to invest in early-stage startups in pan-Africa
Endure Capital announced that it has completed the first close of its new $50 million fund to invest in early-stage startups in pan-Africa. The fund, Endure 21, is Endure Capital’s second early-stage ...
Emonovo successfully raises new round of investments from Flat6Labs and angel investors
Emonovo (formerly known as MARJ3), the MENA region’s leading Ed-tech platform, has successfully raised an undisclosed bridge round by strategic angel investors from US, Europe, and MENA and follow-on ...
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...