Venture Capital
500 Global and ITIDA to support pre-Series A Egyptian startups
500 Global, one of the world’s most active multi-stage venture capital firms, and The Egyptian Information Technology Industry Development Agency (ITIDA), announced the launch of 500 Global first batc...
J.P. Morgan to acquire Aumni
J.P. Morgan today that it has entered into a definitive agreement to acquire Aumni, a leading provider of investment analytics software to the venture capital industry. Financial terms of the transact...
Saudi VC Emkan launches $31 million fund to back early-stage startups
Emkan Capital, a leading Saudi venture capital firm focused on early-stage technology start-ups across GCC and broader MENAP has announced the close of its inaugural $31 million fund, Emkan Capital Fu...
VC funding for Saudi Arabian startups grew by 72%
The “2022 Saudi Arabia Venture Capital Report” revealed that the funding deployed into Saudi Arabian startups grew by 72% to a record-high of $987 million (SAR 3.701 billion) in 2022 versus 2021.
Hub71 startups raises $1 billion in venture capital
Hub71 today announces it has onboarded startups to its community that have raised US$1 billion (AED 3.7 billion) in venture capital collectively since its launch in 2019. The milestone was achieved in...
MENA fintech hubs must build on billion-dollar momentum
The GCC has cemented its position on the map as a center for financial technology (fintech) in recent years. But the region cannot afford to rest on its laurels and must build on the momentum by encou...
Shams joins hands with Shorooq Partners for the SHFT BUILD Gametech
As part of its strategic vision to support the e-gaming industry, Sharjah Media City (Shams) has partnered with the region’s leading venture capital firm Shorooq Partners to empower their first Gamete...
NVIDIA offers promising AI startups access to VCs
To better connect venture capitalists with NVIDIA and promising AI startups, the company has introduced the NVIDIA Inception VC Alliance. This initiative, which VCs can apply to now, aims to fast-trac...
Algebra Ventures $90 million new fund targets Egyptian startups
Egypt’s leading VC firm, Algebra Ventures launched its $90 million second fund, dedicated to investing in startups with a focus on Egypt with an allocation for the MEA region. The company expects its ...