Tabby, a UAE-based BNPL startup, secured a $150m credit facility from Atalaya Capital Management and existing lender Partners for Growth. The company raised a USD54m Series B extension in March led by Sequoia Capital and STV. Read more… Read More
Tabby, a UAE-based BNPL startup, secured a $150m credit facility from Atalaya Capital Management and existing lender Partners for Growth. The company raised a USD54m Series B extension in March led by Sequoia Capital and STV. Read more… Read More
Saudi Arabia’s sovereign wealth fund PIF committed USD300m to Rakiza Infrastructure Fund, a private infrastructure fund co-managed by Oman Infrastructure Investment Management (OIIM) and Equitix Investment Management with a focus on renewables, power and water, social infrastructure, telecommunications and transport and logistics assets in Oman and Saudi Arabia. The fund… Read More
Actis, through its USD6b Energy 5 Fund, agreed to acquire a controlling stake in Yellow Door Energy, a UAE-based commercial and industrial solar platform, for an undisclosed amount. The IFC led a USD65m investment in Yellow Door Energy in 2019 with participation from Equinor, Arab Petroleum Investments Corporation, Mitsui and… Read More
Ruya Partners provided SAR75m (~USD20m) in financing to Energia, a Saudi Arabia-based temporary power solutions provider. Read more… Read More
Silicon Badia led a USD12m Series A for Cartona, an Egypt-based B2B e-commerce platform, with participation from SANAD Fund for MSME, Arab Bank Accelerator and Sunny Side Ventures, and follow-on from Global Ventures and Kepple Africa Ventures. Read more… Read More
500 Global led a seed round for Modesta, a Palestine-based fashion e-commerce startup, with participation from the Innovative Private Sector Development Project (IPSD) program funded by the World Bank and angel investors, for an undisclosed amount. Read more… Read More
Aljazira Capital led a USD41m venture round for YAP, a UAE-based digital banking app, with participation from Abu Dawood Group, Astra Group, and Audacia Capital. The startup plans to complete its Series A by the end of the year. Read more… Read More
Flat6Labs and ADQ’s venture platform DisruptAD selected 10 new startups for Ignite, a USD32m UAE-based startup accelerator and seed-stage fund that supports startups with funding, office space and mentorship. Read more… Read More
Metric Capital Partners and IMM Investment Corp led a USD180.5m round for UAE-based agribusiness Pure Harvest Smart Farms for its Asia expansion, along with participation from Olayan Group and follow-on from existing investors. Read more… Read More
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