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TECHNOLOGY 2 days ago from Wamda

RentUp raises six-figure investment for its AI-powered platform

Egypt-based property technology (proptech) company RentUp, has raised a six-figure pre-seed investment from Japanese private equity firm, Luqman Weise Capital, which specialises in technology development and fintech innovation.

TECHNOLOGY 4 days ago from Wamda

FENIX completes $5 million Seed investment

UAE-based micromobility operator FENIX has completed its $5 million Seed round, after securing a $1.2 million second close led by Saudi Arabia’s Emkan Capital and UAE-based Panthera Capital Ventures, to be added to the $3.

TECHNOLOGY 4 days ago from Wamda

Oryx Fund launches with first close of its fund to invest in Mena early-stage startups

UK-based international investment firm Hambro Perks has announced the launch and initial close of its Abu Dhabi-based $50 million VC fund, Oryx Fund, targeting early-stage startups in the Middle East and North Africa (Mena) region.

TECHNOLOGY 4 days ago from Wamda

Forgetting the M in MVP: Are founders launching in a lean way?

Leen Ashqar is a senior associate at Propeller, an early-stage venture capital firm based in Amman, Jordan As an active pre-seed and seed investor for the past four years, we have met a fair share of founders during the early days of their journeys.

TECHNOLOGY 5 days ago from Wamda

Orisdi raises six-figure bridge round

Iraq-based e-commerce platform Orisdi, has raised a six-figure bridge round led by Innovest Middle East VC, with participation from a group of angel investors, including Amar Shubar, a partner of Management Partners Consulting and Omar Al-Handal, managing director of Al Handal International Group.

TECHNOLOGY 5 days ago from Wamda

Tarabut Gateway raises $13 million

Bahrain-based open banking platform Tarabut Gateway has closed a seed funding round of $13 million, hailed to be the largest fintech seed round in the Middle East and North Africa (Mena) to date.

TECHNOLOGY 5 days ago from Wamda

Can Lebanon become the next global outsourcing hub?

By the Lebanon Outsourcing Initiative  All eyes have been on Lebanon over the past year, but for all the wrong reasons. One initiative is seeking to change the country’s narrative and reposition Lebanon as a prime outsourcing hub, servicing the world.

TECHNOLOGY 5 days ago from Wamda

Sprout raises $200,000 from FA Holding

Source: Zawya UAE start-up Sprout FZCO, a plant-based food business aimed at children, has received $200,000 in funding. The fresh capital from Bahrain-based FA Holding will be used for retail expansion of products and services, the firm said.

TECHNOLOGY 5 days ago from Wamda

500 Startups and Sanabil Investments launch accelerator

Global venture capital firm 500 Startups has partnered with Saudi Arabia-based Sanabil Investments, a financial investment company focused on global private investments in venture capital, growth and small buyout, to launch the Sanabil 500 Mena Seed Accelerator Programme in Riyadh.

TECHNOLOGY 6 days ago from Wamda

North Ladder raises $5 million in Series A

UAE-based trading platform for second-hand luxury products and electronics North Ladder, has raised a $5 million Series A funding round led by BECO Capital.

TECHNOLOGY 6 days ago from Wamda

Engagesoft raises pre-Seed investment

Jordan-based employee engagement and retention SaaS platform Engagesoft, has raised a six-figure pre-Seed round from a group of angel investors in Saudi Arabia and Jordan.

TECHNOLOGY 6 days ago from Wamda

Flat6Labs Bahrain distributes $250,000 among cohort winners

Flat6Labs Bahrain announced that eight startups have received $250,000 investment as part of its sixth cycle, which concluded after a four-month acceleration programme.

TECHNOLOGY 7 days ago from Wamda

Hazen.ai secures follow-on funding from Wa’ed

Saudi Arabia-based Hazen.ai, has received a follow-on investment from Wa’ed, the entrepreneurship arm of Aramco. The startup received its first-ever funding from Wa’ed back in 2019.

TECHNOLOGY 7 days ago from Wamda

KAUST invests $3.5 million in Estonia's Natufia Labs

Source: The Spoon Natufia Labs, the Estonia-based automated kitchen garden startup, announced today that it is relocating to Saudi Arabia’s King Abdullah University of Science and Technology (KAUST).

TECHNOLOGY 7 days ago from Wamda

Sheraa launches startup studio S3

Sharjah Entrepreneurship Centre (Sheraa) has launched the Sharjah Startup Studio (S3), the first government-backed startup studio in the UAE, which offers a hands-on approach to venture building.

TECHNOLOGY 7 days ago from Wamda

What can Mena learn from the African experience in fintech?

Mahmood Ahmadu is the chairman of Innovate 1 Pay, a Nigerian financial technology (fintech) company established in 2012, providing online payment solutions for retail and wholesale mobile remittances, mobile money and currency card payments.