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… 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… 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… 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… 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 FMZ Ventures, at a reported USD640m valuation. MEVP achieved a partial exit from Fresha through a secondary sale. Read more… 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… 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 angel investors. Read more… 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 and Global Founders Capital. Partners for Growth provided venture debt. Read more… 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 more… Read More
Amethis Acquires Minority Stake in Jordan’s Tarjama
Amethis, through its Amethis MENA Fund II, acquired a minority stake in Jordan-based language technology and services provider Tarjama for an undisclosed amount. Read more… Read More
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