In July 2019, Mediterrania Capital Partners invested in Aziza, a food retail operator based in Tunisia. Mediterrania helped Aziza optimize its supply chain by reducing the number of imported products, focusing on agreements with local suppliers and expanding its own product line. In partnership with Mediterrania, Aziza also launched… Read More
Impact46 and Elm Company led a USD20m Series B for Saudi Arabia-based auto marketplace Syarah, with participation from Budget, Vision Ventures and Yousef Al-Rasheedi (Haraj). Read more… Read More
Mubadala Infrastructure Partners sold its 50% stake in Al Wajeez Development Company, the operator of the Al Maryah Island cooling unit in Abu Dhabi, to its joint venture partner the National Central Cooling Company for AED311.5m (~USD84.8m). Read more… Read More
A consortium of investors led by China Three Gorges South Asia Investment acquired Alcazar Energy, a UAE-based renewable energy developer that operates across the MENA region and is backed by Mubadala and IFC. Alcazar Energy’s portfolio comprises seven wind and solar projects across Jordan and Egypt with a total generation… Read More
Global Founders Capital and STV led a USD50m Series B for Tabby, a UAE-based installments payment platform, with participation from Delivery Hero and CCVA, and follow-on from Arbor Ventures, Mubadala, Raed Ventures, Global Ventures, MSA Capital, VentureSouq, Outliers VC, JIMCO and HOF Capital. Read more… Read More
Mubadala led a USD15m Series B for Sarwa, a UAE-based personal finance and investment platform, with participation from 500 Startups, Kuwait Projects Company, Shorooq Partners, Middle East Venture Partners, DIFC, Hambro Perks Oryx Fund, HALA Ventures and Vision Ventures. Read more… Read More
Nama Ventures led an undisclosed bridge round for Saudi Arabia-based HR solutions startup palm.hr, with participation from local angel investors. Read more… Read More
UAE-based fintech Baraka raised a USD4m seed round from Global Founders Capital, FJ Labs, Raptor Group, Tribe Capital, Nuwa Capital, VentureSouq and Class 5 Global. Read more… Read More
Swvl, a UAE-based transport technology startup founded in Egypt, will list on the Nasdaq via a merger with SPAC company Queen’s Gambit Growth Capital. The merger reportedly values the startup at USD1.5b. Read more… Read More
KAMCO Invest sold its 60% stake in UAE-based pharmaceutical distributor Planet Pharmacies to Gulf Pharmaceuticals Industry for an undisclosed amount. Read more… Read More
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