Egypt SWVL suspends $100 million acquisition of UK’s Zeelo Dubai-headquartered transport and mobility solutions provider SWVL, has canceled the proposed acquisition of Zeelo, a... Dunya Hassanein • 01 August, 2022 Swvl
Egypt Homzmart raises $23 million pre-Series B round Egypt-based furniture and home supplies marketplace Homzmart, has raised a $23 million pre-Series B round from STV, Impact46, Outliers... News • 01 August, 2022 Homzmart
Kuwait Kuwait’s Teeela raises $3.75 million pre-Series A Kuwait-based gifting platform Teeela, has raised $3.75 million in a pre-Series A funding round, led by Saudi Arabian investment firm... News • 01 August, 2022 Teeela Wealth Well gift marketplace
Egypt Openner launches Web3-focused Qurious Labs Egypt-based VC firm Openner has launched Qurious Labs, a Web3-focused venture studio, to help develop markets and aid them to access the... News • 31 July, 2022 Openner Qurious Labs Web 3.0
U.A.E Enhance Ventures launches $30 million Builders Fund UAE and Saudi Arabia-based venture studio Enhance Ventures, has launched a $30 million Builders Fund, which will invest in the... News • 28 July, 2022 Enhance Ventures Builders Fund MENAPT
U.A.E Artifi raises $3.26 million in investment UAE-based blockchain NFT ecosystem Artfi, has received funds worth $3.26 million at a valuation of $100 million from Sheikha Hend Al... News • 28 July, 2022 NFT Artifi Blockchain
U.A.E ChatFood raises $3 million bridge round led by Antler UAE-based foodtech ChatFood, has announced a bridge round of $3 million led by Antler with a reserved amount for key strategic Saudi... News • 27 July, 2022 ChatFood Antler foodtech
Egypt Egypt’s fashion marketplace TFK closes $2.6 million Seed round Egypt-based fashion marketplace The Fashion Kingdom (TFK), has raised a $2.6 million Seed funding round, co-led by CVentures and A15,... News • 26 July, 2022 TFK The Fashion Kingdom Cventures
Kuwait All Over Group’s Khaled Al Refaai acquires 25 pre cent of Blockat for $3.6 million Khaled Al Rafaai, CEO of Kuwait-based media production company All Over Group, has acquired 25 per cent of e-commerce platform Blockat,... News • 25 July, 2022 Blockat
Egypt Creative Dock acquires FoundersLane, plans to invest €100 million in Mena startups Berlin-based corporate venture builder FoundersLane, which was recently acquired by Creative Dock Group (CDG), has expanded its operations... Dunya Hassanein • 25 July, 2022 FoundersLane MNT-Halan
Egypt Egypt’s Cartona raises $12 million Series A round Egypt-based B2B e-commerce platform Cartona, has closed its $12 million Series A fundraise led by Silicon Badia, with the participation... News • 25 July, 2022 Cartona silicon badia
U.A.E UAE’s Qstay closes $6.5 million Seed round UAE-based hospitality platform Qstay, has closed a debt and equity Seed round of $6.5 million. Founded in 2020 by Artur Khayrullin,... News • 24 July, 2022 Qstay hospitality Rental
Egypt FMO announces $10 million commitment to Algebra Fund II FMO, the Dutch entrepreneurial development bank, has pledged a $10 commitment to Algebra’s second fund. The agreement was signed... News • 20 July, 2022 FMO Algebra Fund II
Egypt Mohamed El-Sewedy acquires Magma via Averroes Ventures Egypt-based Magma, a manufacturer of sportswear, has been fully acquired by its incumbent CEO Mohamed El-Sewedy via venture capital firm... News • 20 July, 2022 Magma
Sudan Sudanese fintech Bloom raises $6.5 million Seed round Sudan-based fintech Bloom, has raised a $6.5 million Seed round from Visa, Y Combinator, US-based VCs Global Founders Capital (GFC) and... Nesma Abdel Azim • 20 July, 2022 Bloom Fintech Visa
Palestine Palestinian e-commerce Modesta raises six-figure Seed round Palestine-based fashion marketplace Modesta has raised a six-figure Seed round led by 500 Startups, with the participation of the... News • 19 July, 2022 Modesta E-commerce
