Funding
Deliveroo Raises $385M on a $2 Billion Valuation
British takeaway food delivery firm Deliveroo has raised $385 million in new funding, the firm said in a statement on Sunday which set out that the money would help establish operations in new areas o...
Middle East Tech Companies Collectively Pitch for $10 Million in Funding
Seven young technology companies from the GCC region traveled to London, UK, recently to pitch for $10 million in funding. The pitching was done in front of a panel of investors as part of the Cloud 1...
Holidayme.com Secures $7 Million in Funding
UAE online travel agency Holidayme.com has raised $7 million in Series A funding from Silicon Valley-based Accel Partners, Saudi Arabia-based F&C Overseas Investment, and from Al Sanie Group, acco...
Compareit4me Secures $2.4M in Funding
The financial comparison site Compareit4me.com has announced that it has closed a funding round of $2.4 million. The company said that they will be using the money to grow the business across the UAE ...
Dubai’s The Luxury Closet Receives $2.2 Million in VC Funding
Dubai’s The Luxury Closet, an online platform buys and sells pre-owned luxury goods on consignment, has secured $2.2 million of its Series A round that it will use to scale its operations significantl...
Startupbootcamp Istanbul to Offer $250K Funding to Each Selected Startups
Startupbootcamp Istanbul, a part of Europe’s biggest startup accelerator Startupbootcamp, has announced a new program that will award 10 selected early-stage startups from Turkey and surrounding regio...
Carmudi Raises $25 Million in Funding
Carmudi, a car classifieds site backed by Rocket Internet with particular focus on emerging markets,
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)
Funding Question: Raise Money and Scale or Stay Small and Sell Early?
Tech start-ups are raising more “quick hit” financing rounds than ever before, according to NewYork-based capital venture data intelligence provider CB Insights.