BECO Capital Leads USD20m Series A for Jordan’s Abwaab
BECO Capital led a USD20m Series A for Jordan-based edtech Abwaab, with participation from 4DX Ventures, GSV Ventures, Watar Partners and others. Read more… Read More
TVM Exits UAE’s Bourn Hall to Mediclinic
TVM Capital Healthcare exited Bourn Hall International MENA, the holding company for the Bourn Hall Fertility Centre in the UAE, via a sale to private hospital group Mediclinic Middle East for an undisclosed amount. Read more… Read More
Jordan’s Eon Dental Raises USD26m Series B from Arab Palestinian Investment Company, otf Jasoor Ventures, Others
Jordan-based dental technology company Eon Dental raised a USD26m Series B led by a global MedTech fund together with the Arab Palestinian Investment Company, otf Jasoor Ventures, Endeavor Catalyst, Spartech Ventures and Bank al Etihad. Existing investors Hummingbird Ventures and Silicon Badia re-upped. Read more… Read More
BECO Capital, Kenetic, Others Invest USD9.5m Seed Round for Bahrain’s CoinMENA
Bahrain-based crypto exchange CoinMENA raised a USD9.5m seed round from BECO Capital, Kenetic Capital, Arab Bank Switzerland, Bunat Ventures, FTX investment arm Alameda Research and Girnas Capital. Read more… Read More
IMM Investment Leads USD64.5m Investment in UAE’s Pure Harvest Farms
IMM Investment led a USD64.5m investment in UAE-based agtech Pure Harvest Smart Farms alongside existing investors. Pure Harvest also entered a joint venture with South Korea’s PlanTFarm, a vertical farming solutions provider and a portfolio of IMM Investment. Read more… Read More
CDC Sells Stake in GEMS Africa Back to Company
CDC Group divested its minority stake in GEMS Africa, a subsidiary of Dubai-based GEMS Education focused on the development of educational services across sub-Saharan Africa, via a sale to GEMS Education. Read more… Read More
Levant Exits UAE’s Bayara via Sale to Savola for USD260m
Levant Capital exited UAE-based packaged foods company Bayara Holding via a USD260m sale to Savola Foods. Read more… Read More
Sanabil 500 MENA Seed Accelerator Fund Leads Seed Round for Saudi Arabia’s Glance Care
Sanabil 500 MENA Seed Accelerator Fund, an accelerator program launched by Sanabil Investments and 500 Global, led an undisclosed seven-figure seed round for Saudi Arabia-based healthtech Glance Care, with participation from angel investors. Read more… Read More
BY Venture Partners Reaches USD50m Final Close for Fund II
BY Venture Partners reached a USD50m final close for BY Fund II. The vehicle will target early-stage opportunities globally with a thesis to bridge the MENA region with global markets. Read more… Read More
Blackstone to Acquire UAE’s VFS Global from EQT
Blackstone agreed to acquire a majority stake in Switzerland- and UAE-based visa services company VFS Global from EQT Private Equity and Kuoni and Hugentobler Foundation for an undisclosed amount. Read more… Read More
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