iMile – Dubai’s last-mile delivery startup scoops $10 Mn from a China-based VC
Dubai-based last-mile delivery startup iMile on 1st January raised $10 million in a Pre-Series A funding round led by a China-based venture capital firm.
MENA
Startup News and Stories fostering insights into various sectors (Fintech, Edtech, Logistics, etc.) of MENA (Middle East & North Africa) – majorly Abu Dhabi, Dubai, UAE, Saudi Arabia, Egypt, Bahrain, Lebanon, Palestine, and Qatar among others.
[Exclusive] temtem – Algeria’s major in mobility partners with Karos to launch carpooling in North Africa
temtem, a major mobility player in Algeria told LAFFAZ today that it has partnered with Karos, a French leader in home-to-work carpooling.
Eureka – Indonesia-based AI startup scoops $20 Mn from Riyadh TAQNIA, Apis, Gobi & MEC
Indonesia-based Eureka, AI startup on 18 February raised $20 million in a Series B round co-led by Apis Partners, Riyadh TAQNIA, Gobi Partners MEC Ventures.
Garment IO – Egyptian IoT/SaaS startup scoops $450K from Egypt Ventures & 500 Startups
Giza, Egypt-based Garment IO on Wednesday raised made an announcement of its seed funding round of $450K fundraise from Egypt Ventures and 500 Startups.
Careem to offer financial services in cash-based mode in the Middle East via Careem Pay
UAE and MENA's ride-hailing unicorn Careem which was acquired by Uber back in January is reportedly aiming to tap into the financial services sector.
Mrayti – Jordan-based beauty tech startup expands to Egypt
Mrayti, Amman-based beauty services platform yesterday made the announcement of the commencement of their operations in Egypt
DIFC reaffirms commitment to advancing Fintech ecosystem
DIFC Authority & DIFC FinTech Hive built strong relationships during world’s largest financial technology event in Singapore to boost FinTech sector across MEASA.
Prince Khaled’s KBW Ventures invests in California-based BlueNalu
New investors to this round include KBW Ventures, led by His Royal Highness Prince Khaled bin Alwaleed bin Talal Al Saud.
Codengines – Dubai-based legaltech startup raises undisclosed amount from Cultiv8
The legaltech startup Codengines software on Wednesday raised funding from Dubai's Cultiv8 to expand into other GCC regions.
Dubai Economy launches Instant Bank Account for new firms & entrepreneurs
Here's to the new synergy developed by the Dubai Economy, a blockchain consortium 'Instant Bank Account' in partnership with the six UAE banks...
Falcon Edge scoops $300 Mn from Abu Dhabi & UAE for its India-focused VC fund
US-based global alternative asset manager Falcon Edge on Tuesday raised a $300 million for its India-focused fund called Alpha Wave Incubation (AWI)
StartersHub – Turkey’s early-stage fund invests $150K in Udentify
The Istanbul, Turkey headquartered Udentify today raised $150,000 from StartersHub, an early-stage focused investment fund based in Istanbul.