Wamda Capital, Dubai Silicon Oasis Authority and STC Ventures Participate in a Round (MENA)

Source: Compareit4me Group

STC Ventures, a Saudi Arabia-focused venture capital fund anchored by the Saudi Telecom Company, has led a US$3 million Series A financing round for United Arab Emirates-based Compareit4me, a price comparison site for financial products. Additional investors in the round included MENA-focused venture capital firm Wamda Capital and Government of Dubai free zone and technology park operator Dubai Silicon Oasis Authority. The company currently operates in Qatar, the United Arab Emirates, Kuwait, Saudi Arabia, Egypt and Lebanon, and is seeking to expand into Jordan.