UAE-based VC firm Phoenix Venture Partners has announced the first close of its $50 million Phoenix Venture Partners Innovation Fund CEIC (PVPIF) with commitments from family offices and high-net-worth individuals.
The fund aims to invest…
Zawya
PayTabs Group has acquired a 51% stake in PayTabs Egypt from EFG Finance, an EFG Holding company, according to a recent press release
The transaction aligns with the group’s…
UAE-based wellness company Longetivy Wellness Hub has raised $4 million in funding from undisclosed investors.
Founded in 2019 by Dani Afiouni, Longetivy offers alternative wellness solutions, such as hyperbaric oxygen therapy, red light…
An article by Mohamad Salah Khouzam, COO of the Kuwaiti online classifieds platform, 4Sale
For over 30 years, while living in Kuwait and working with international clients looking to do business in the…
Saudi Arabia-based e-commerce platform Aya has closed a $1.6 million seed funding round, led by Khwarizmi Ventures, with participation from Raed Ventures, Joa Capital, FENA Holdings, Turki Alrajhi, and a…
UAE-based fintech KLAIM has raised $10 million in a Series A equity funding round led by Mad’a Investments and joined by CDG Invest and an additional $16 million through Tharawat…
Press release:
The Saudi proptech startup Ajras has successfully raised a $1.5 million pre-Series A funding round, led by Veda Holding.
Founded in 2022 by Muath Aljubailan, Ajras provides unique financing…
Kuwait-based autotech/fintech startup Motery has raised a seed funding round for an undisclosed value at an $8 million valuation.
Founded in 2029 by Mohammad Al Abdulsalam and Abdulla Al Ateeqi, Motery simplifies the car-buying journey…
Morocco-based superapp ORA Technologies has closed a $1.9 million Pre-Series A funding round led by Witamax & Azur Innovation Fund.
Founded in 2023 by Omar Alami, ORA app offers multiple…
