GPCA’s Industry Data & Analysis is available on a quarterly basis exclusively for GPCA members. GPCA members can log in to download the Q1 2022 Industry Data & Analysis Excel file. In addition, members can access the GPC Analytics platform to view and download GPCA’s complete fund- and… Read More
Jadwa Investment’s Jadwa Healthcare Opportunities Fund 3 sold its majority stake in Saudi Arabia-based dental and dermatology services provider Al Meswak Dental Clinic to Gulf Islamic Investments and Jadwa Healthcare Opportunities Fund 5, a newly formed fund managed by Jadwa. Read more… Read More
UAE-based cloud kitchen startup Kitopi raised a USD300m Series C extension, bringing total capital raised in the round to USD715m. SoftBank Vision Fund 2 led the company’s USD415m Series C in July 2021, with participation from Chimera, DisruptAD, B Riley, Dogus Group, Next Play Capital and Nordstar. Read More
Wa’ed and The Savola Group led a USD18.5m round for Saudi Arabia-based agtech Red Sea Farms, with participation from KAUST Innovation Fund and OlsonUbben. Read more… Read More
UAE-based fintech Zenda (formerly Nexopay) raised a USD9.4m seed round from STV, COTU Ventures, Global Founders Capital and VentureSouq. Read more… Read More
Global Emerging Markets Group leads USD35m round for UAE-based D2C platform Millennial Brands, with participation from Al Attiyah Group, Dash Ventures, Ishango Consulting and Rami Al Ali. Read more… Read More
Prosus and Sanabil Investments led a USD170m Series C for Foodics, a Saudi Arabia-based payments platform for restaurants, with participation from Sequoia India and follow-on from STV and Endeavor Catalyst. Read more… Read More
Actis acquired a 50% stake in UAE-based district cooling services provider Emirates District Cooling Company (EMICOOL) from Dubai Investments at a reported USD1b valuation. Read more… Read More
COTU Ventures and Colle Capital led a USD3m round for Qureos, a UAE-based career upskilling startup, with participation from Globivest, Plutus21 Capital, Dubai Angel Investors, AlZayani Venture Capital and angels. Read more… Read More
Jordan-based healthtech Altibbi raised a USD44m Series B led by Foundation Holdings, Hikma Ventures and existing investors Global Ventures and DASH Ventures. Read more… Read More
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