Dubai, United Arab Emirates

Private capital in the Middle East is beginning to diversify away from natural resources, with opportunities in fintech, delivery and logistics and entertainment, as well as healthcare, which has attracted nearly USD500m in private capital commitments since 2019. 

An archive of Middle East-focused research reports can be found here.

Members can access GPC Analytics for a ten-year archive of Middle East private capital transactions and data cuts.

Research Team

Sabrina Katz, Manager, Research

Middle East Research

Mid-Year 2021 Global Private Capital Industry Data & Analysis

September 16, 2021
GPC 1H 2021 data on fundraising, investment and exit activity across Asia, Latin America, Africa, CEE and the Middle East   Key data takeaways:   All major markets posted year-over-year gains… Read More

2021 Trends In Global Tech

May 25, 2021
Investments in Africa, Asia, CEE, Latin America and the Middle East EMPEA’s 2021 report on global venture investment traces venture capital (VC) flows across Africa, Asia, CEE, Latin America and… Read More

2021 Data Insights

March 31, 2021
Data Insights The 2021 Data Insights feature data and analysis on private capital activity in China, India, Southeast Asia, Africa and Central & Eastern Europe (CEE) through year-end 2020. This year, members also have access to LAVCA’s… Read More

Middle East News

Ibtikar Fund Reaches USD15m First Close for Palestine Tech Fund

Ibtikar Fund reached a USD15m first close for its second fund targeting investments in early-stage tech companies based in Palestine as well as in Palestinian founders throughout the MENA region.… Read More

Paradigm and Kleiner Perkins Lead USD110m Series B for Bahrain’s Rain Financial

Kleiner Perkins and Paradigm led a USD110m Series B for Bahrain-based crypto exchange Rain Financial at a reported USD500m valuation, with participation from Coinbase Ventures, Global Founders Capital, MEVP, Cadenza… Read More

Euphrates Ventures Leads USD3.2m Round for Iraq’s Alsaree3

Euphrates Ventures led a USD3.2m bridge round for Iraq-based Alsaree3 Group, consisting of Alsaree3 (food-delivery) and Al Zajel Express (last-mile delivery services). Read More

Foodics Acquire Jordan’s POSRocket

Foodics, a Saudi Arabia-based restaurant management platform backed by STV and Sanabil Investments, acquired POSRocket, a Jordan-based POS service provider, for an undisclosed amount. Read More

Impact46-Backed Jahez Lists on Nomu

Jahez, a Saudi Arabia-based online food delivery platform backed by Impact46, listed on the Saudi Exchange’s Parallel Market (Nomu) with a market capitalization of USD2.4b. Read More

Benson Oak Ventures Leads USD1.5m Pre-Series A for UAE’s Verofax

Benson Oak Ventures led a USD1.5m pre-Series A for Verofax, a UAE-based Asset Digitization and Traceability solutions provider, with participation from 500 Global, Wami Capital, and Vernalis Capital. Read More

Foursan Group Acquires 49% Stake in Jordan’s Jo Academy

Foursan Group acquired a 49% stake in Jo Academy, a Jordan-based online private tutoring platform. Read More

BECO Capital Leads USD52.5m Series C+ for Fresha; MEVP Partially Exits

BECO Capital and Michael Lahyani (Property Finder) led a USD52.5m Series C+ for Fresha, a UAE-founded beauty and wellness software platform, with follow-on from General Atlantic, Partech, Target Global and… Read More

VentureSouq Reaches a USD50m Final Close for MENA Fintech Fund I

VentureSouq reached a USD50m final close for its MENA Fintech Fund I. The vehicle will invest in early-stage fintech and SaaS companies in the MENA region and Pakistan. Read More

Khwarizmi Ventures, Nuwa Capital and STV Lead USD13.5m Seed Round for Bahrain’s Calo

Khwarizmi Ventures, Nuwa Capital and STV led a USD13.5m seed round for Bahrain-based foodtech Calo, with participation from 500 Global, Al Faisaliah Group, Vision Ventures, Savour Ventures, Nama Ventures and… Read More

STV Leads USD42m Series A for UAE’s Opontia

Saudi Technology Ventures led a USD42m Series A comprising equity and venture debt for UAE-based e-commerce enabler Opontia, with participation from Upper 90 and VentureSouq and follow-on from Raed Ventures… Read More

KRAFTON Leads USD11m Series B for Jordan’s TamatemGames

South Korea-based game developer KRAFTON led a USD11m Series B for Jordan-based mobile game publisher TamatemGames, with participation from Venture Souq and Endeavor Catalyst and follow-on from existing investors. Read… Read More