Nuwa Capital and EQ2 Ventures led a USD1.8m pre-Series A for Saudi Arabia-based automotive parts platform Speero, with participation from Jameel Investment Management Company, Impact46, Mountain Partners and Access Bridge Ventures. Read more… Read More
SoftBank Vision Fund 2 led a USD415m Series C for UAE-based cloud kitchen startup Kitopi, with participation from Chimera, DisruptAD, B. Riley, Dogus Group, Next Play Capital and Nordstar. Read more… Read More
Tamer Group acquired Mumzworld, a UAE-based e-commerce platform for mother, baby and child products, for an undisclosed amount. Read more… Read More
Kingsway Capital and Nuwa Capital led a USD21m Series B for UAE-based eyewear e-commerce platform eyewa, with participation from French Partners, Endeavor Catalyst, Derayah Ventures, Palm Drive and Hardy Capital. Read more… Read More
Partners for Growth provided USD50m in debt financing to UAE-based buy now, pay later platform Tabby. Arbor Ventures and Mubadala led a USD23m debt and equity Series A in December 2020. Read more… Read More
Maersk Growth and Raed Ventures led a USD42m Series A for Trella, an Egypt-based digital freight platform with a presence in Saudi Arabia and Pakistan, with participation from Algebra Ventures, Vision Ventures, Next Billion Ventures, VentureSouq, Foundation Ventures and Flexport. The round comprised USD30m in equity and USD12m in debt… Read More
Global Founders, Global Ventures, Nuwa Capital and FJ Labs led a USD3m seed round for UAE-based wellbeing startup Valeo. Read more… Read More
General Atlantic led a USD100m Series C for UAE-founded beauty and wellness software platform Fresha, with follow-on from Partech, Target Global and FJ Labs. Middle East Venture Partners exited through a secondary sale. Source(s): Read more… Read More
Saudi Arabia’s PIF has made an anchor investment in Aberdeen Standard Investcorp Infrastructure Partners. The vehicle was set up by Investcorp and Aberdeen Standard Investments and plans to invest in core infrastructure projects in the GCC and the wider MENA region. PIF has committed up to 20% of the total… Read More
Olive Rock Partners and Cerberus Capital Management have made an undisclosed investment in UAE-based healthcare company UEMedical. Read more… Read More
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