Mobility startup Urent raises 7-figure Pre-Series A funding
UAE-based Urent, a hybrid vehicle-sharing app has recently announced that it has raised seven-figure funding in its Pre-Series A funding round.
MENA
Startup funding, acquisitions, government-backed initiatives, and cross-border business developments from across the Middle East and North Africa.
Italy’s GELLIFY to launch a $24 Mn MENA-focused fund
Bologna, Italy-based B2B platform GELLIFY is projecting the launch of a €20 million (around $24.3 million) fund to invest in MENA.
Startup Istanbul launches a $10 Mn fund for tech startups in MEA and Asia
Startup Istanbul, on Wednesday, announced the launch of a $10 million VC fund for technology startups in Middle East & Africa (MEA) and Asia.
Egypt’s e-commerce startup Source Beauty raises 6-figure seed funding
Egypt-based beauty e-commerce platform Source Beauty, on Wednesday, raised a six-figure seed funding from ACE & Company and some angels.
eMushrif, Oman’s transportation startup bags $2.3 Mn in Series A
Muscat, Oman-based transportation startup eMushrif, on Wednesday, raised $2.3 million in a Series A round led by IDO Investments and others.
Bengaluru’s FreshToHome raises fresh funding from ADIO
Bengaluru's FreshToHome, on Monday, raised fresh funds from Abu Dhabi Investment Office (ADIO) to develop its agritech projects in Abu Dhabi.
Iraq’s Teami bags undisclosed amount of funding from KAPITA
Iraq-based Teami, on Tuesday, raised 5-figure investment led by KAPITA - assisted by Iraqi Angel Investor Network.
Ebury becomes the first firm to offer regulated money services from DIFC
DIFC, on Tuesday, announced that Ebury, a leading global fintech has been granted a Financial Services licence to provide money services.
UAE’s tabby bags a whopping $23 Mn Series A funding
UAE-based 'Buy Now, Pay Later' fintech startup tabby, on Tuesday, raised $23 million Series A led by Arbor Ventures and Mubadala Capital.
Malaeb, Bahraini football community app joins Vooora sportstech accelerator
Powered by Kooora.com, Vooora Ventures, the first sportstech accelerator in MENA, incubates Malaeb, Bahraini community app for football lovers.
Sigma Fit, Egypt’s techwear startup bags undisclosed funding from Innlife
Cairo, Egypt-based fitness & sportswear startup Sigma Fit, on Friday, raised an undisclosed sum from Egypt's Innlife investments.
TagMango scores seed funding from Y Combinator and US & UAE-based angels
Mumbai-based TagMango, on Friday, raised seed funding from Y Combinator; Twitch's Kevin Lin; US & UAE-based angels, and others.