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.
Funding
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).
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.
FAAD – Gurugram-based Investor Network Making Fundraising a Breeze
FAAD Network, a Gurgaon-based Investor Network that helps early-stage ventures their network access to raise capital.
Abu Dhabi-based Agritech Startup Pure Harvest Raises $1.75M
Pure Harvest Smart Farms, an Abu Dhabi-based agritech business that produces fruits and vegetables in a desert outside Abu Dhabi.
HAYVN Launches Capital Raise to Drive Next Phase of Growth
HAYVN, the global digital currencies platform, is raising up to $5m to fuel the next stage of the company’s growth...
Foloosi Raises $500K to Keep Augmenting its POS Solutions
Foloosi today raised a seed fund of $500,000 from existing investor Rasheed Alfalasi along with new investor Mohammed Alsuwaidi.
Dubai’s Falcon Network Inaugurates with Investments in 6 Startups
Falcon Network, a group of emerging markets-based angel investors concluded their inaugural round with the completion of six investments.
Dubai-backed Swiss Fintech Startup ‘Numbrs’ Turns Unicorn
Numbrs, backed by Investment Corporation of Dubai and Josef Ackermann raised fresh capital to value the company at more than $1 billion.
Egyptian Fintech Startup NowPay Raises $600k from 500 Startups and Endure Capital
Cairo-based fintech startup, NowPay has raised $600,000 seed funding from Silicon Valley’s Endure Capital and 500 Startups.
Saudi’s Online Grocery Store Nana Direct raises $6.6Mn
Saudi-based Nana Direct, an online grocery platform has raised fresh funds from Middle East Venture Partners and Impact46.
Bahrain’s Crypto Exchange Rain earns Middle East’s First Regulatory Licence
Bahrain-based cryptocurrency exchange, Rain has become the first Middle East crypto exchange to earn a regulatory license.