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 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
Nuwa Capital, Crealize, BY Venture Partners and Alfa Partner Holding invested a USD5m pre-Series B for UAE-based automotive retail startup Seez. Read more… Read More
01 Advisors and The Spruce House Partnership led a USD20m Series A for UAE-based proptech Nomad Homes, with participation from investors including Goodwater Capital, HighSage Ventures, Abstract Ventures, Partech, Class 5 Global, Precursor Ventures, Alta Park Capital and angel investors. Read more… Read More
US-based cloud computing and SaaS startup Cloud Klair agreed to acquire Sehteq, a UAE-based insurtech backed by 971 Capital, for an undisclosed amount. Read more… Read More
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 in private capital deal value and deal count as the tech-fueled recovery from the pandemic continues. VC deals drove the… Read More
Global Founders Capital and MSA Capital led a USD2.1m pre-seed round for UAE-based B2B marketplace ElKaso, with participation from former and current executives of Careem, Delivery Hero, Apple, Faith Capital, Talabat, Eyewa and Instashop. Read more… Read More
SoftBank Vision Fund 2 and Sanabil Investments led a USD125m Series B for Saudi Arabia-based customer communication platform Unifonic. Read more… Read More
In May 2015, a consortium of investors led by Affirma Capital invested USD255m in Fine Hygienic Holding (FHH), a hygienic paper product manufacturer and wellness company headquartered in Jordan and the UAE. In partnership with Affirma, FHH improved manufacturing inefficiencies, created a centralized and diversified procurement strategy to reduce… Read More
SEEDRA Ventures, 500 and existing investor Nama Ventures led an undisclosed seed round for UAE-based celebrity content platform Starzly. Read more… Read More
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