ADQ and STV led a USD46m Series B for Saudi Arabia-based on-demand truck aggregator TruKKer, with participation from Mubadala and follow-on from Riyad Taqnia Fund and Shorooq Partners. The company also raised USD50m in debt funding from Mars Growth and Partners for Growth. Read more… Read More
Signal Peak Ventures led a USD20m Series A for UAE-based fintech Hubpay, with participation from Olive Tree Capital and BECO Capital, and follow-on from Stormbreaker, Emkan Capital and Aditum. Read more… Read More
MRK led a USD1.1m investment for Saudi Arabia-based fintech Tamawal, with participation from 500 Falcons and angels. Read more… Read More
SWVL, a UAE-based transport technology startup founded in Egypt, raised an additional USD21.5m PIPE investment from EBRD and others as part of its pending SPAC merger with Queen’s Gambit Growth Capital. This brings the total PIPE to USD121.5m. Read more… Read More
Graphene Ventures led a USD36m equity and debt round for Saudi Arabia-based B2B marketplace Retailo, with participation from 500 Global, Agility, Aujan, Tech Invest Com and Mentor’s Fund, and follow-on from Shorooq Partners, Abercross Holdings, Arzan VC and AgFunder. Nahda Fund provided venture debt, which comprised less than 20% of… Read More
FIM Partners and STV led a USD50m round for Saudi Arabia-based dark store Nana, with participation from Quencia Capital, Faith Capital, Jahez and Sunbulah Group, and follow-on from MEVP and Impact46. Read more… Read More
Khwarizmi Ventures reached a USD70m second close for its current fund targeting early-stage investments in startups across the Middle East, North Africa and Pakistan region. Read more… Read More
Iraq-based super app Baly raised a USD10.5m seed round from Kingsway Capital, MSA Capital, Global Founders Capital, Vostok Ventures, Majid Al Futtaim and March Holding. Read more… Read More
Chimera Capital reached a USD10b final close for Alpha Wave Ventures II. The fund, which is co-managed with Alpha Wave Global (formerly Falcon Edge Capital), will focus on fintech, AI, life sciences, consumer internet and B2B. Read more… Read More
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. The vehicle has a USD30m target. Read more… Read More
(default archive template)
