BECO Capital Closes Second Fund at $100m
Regional venture capital firm BECO Capital successfully closed its second fund at $100 million, significantly more than its initial target of $80 million.
MENA
Startup funding, acquisitions, government-backed initiatives, and cross-border business developments from across the Middle East and North Africa.
Samsung-backed ‘Blocko’ Blockchain Company Partners with Dubai Royal Family
Samsung-backed Blocko, has launched in the UAE in partnership with SEED Group, a member of the Private Office of Sheikh Saeed bin Ahmed Al Maktoum.
Jordan-based arabot Raises $1Mn for Regional Expansion
Jordan-based arabot that offers seamless online solutions and services using AI technology, recently raised a $1M seed round led by Riyad TAQNIA Fund (RTF).
Syrian-led Startups Spermly and Therapist House Win the Startup Roadshow in Gaziantep
Last week, two Syrian-led startups, Spermly and Therapist House, championed the Startup Roadshow competition in Gaziantep, Turkey.
UAE-based ‘YaLLa Esports’ Qualifies for Three International Tournaments Worth $1.2 Mn
UAE-based startup esports organization YaLLa Esports qualified for three large-scale international tournaments during the month of September.
Cairo-Based iCommunity Real Estate Platform Raises $600K
iCommunity, Egypt's first mobile community platform for the real estate industry, aims to transform engagement between residents and real estate developers.
IFC invests $1m in Tunisia’s Flat6Labs Avana Seed Fund to Support Women Entrepreneurs
The World Bank’s International Finance Corporation (IFC) has announced that it is investing $1-million in Flat6Labs Tunisia’s Anava Seed Fund.
Dubai Launches ‘Virtual Company Licence’ for non-resident businesses & freelancers
Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum, Deputy Ruler of Dubai, Tuesday announced the launch of the region's first 'Virtual Company Licence’.
OYO to Invest $1Bn for Expansion in Saudi Arabia
OYO Hotels & Homes, will invest $1 billion to expand its operations in Saudi Arabia by adding luxury and upper-budget/mid-segment hotels...
Mubadala to invest $500m in North American Cologix
The Abu Dhabi-based global investment firm, has signed an agreement to invest up to USD$500 million in Cologix.
temtem – Algeria’s Ride-hailing startup secures $4 Million
Algeria-based mobility startup temtem has recently raised $4 million in a Series A round led by Tell Venture Automotive
UAE SME Businesses recognised at the 2019 Gulf Capital SME Awards
Gulf Capital has unveiled the winners of the 8th Gulf Capital SME Awards 2019 at a gala dinner hosted at The Ritz-Carlton, DIFC.