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TECHNOLOGY 4 days ago from Wamda

Startups in Mena raised almost $4 billion in 2022

Startups in the Middle East and North Africa region (Mena) raised $3.94 billion in 2022 across 795 deals, a rise of 24 per cent in investment value when compared to 2021 and a 22 per cent increase in the number of deals.

TECHNOLOGY 6 days ago from Wamda

Why SWVL's acquisition of Volt Lines came to a halt

In 2018, Lebanese entrepreneur Ali Halabi founded Volt Lines, a Turkey-based mobility startup targeting the corporate segment, enabling smoother intercity movement of employees across the country.

TECHNOLOGY 7 days ago from Wamda

Wafeq raises $3 million Seed led by Raed Ventures with participation from Wamda Capital

UAE-based fintech Wafeq, has raised $3 million in a Seed round led by Raed Ventures with participation from Wamda Capital. Founded in 2019 by Nadim Alameddine, Wafeq is an accounting platform targeting SMEs in the Middle East, enabling them to conduct their e-invoicing, taxation and employee payroll online.

TECHNOLOGY 7 days ago from Wamda

Wafeq raises $3 million Seed led by Raed Ventures with participation from Wamda Capital

UAE-based fintech Wafeq, has raised $3 million in a Seed round led by Raed Ventures with participation from Wamda Capital. Founded in 2019 by Nadim Alameddine, Wafeq is an accounting platform targeting SMEs in the Middle East, enabling them to conduct their e-invoicing, taxation and employee payroll online.

TECHNOLOGY 8 days ago from Wamda

Wa’ed invests in PASQAL’s $108 million Series B

Wa’ed Ventures, the Saudi Aramco Entrepreneurship Centre (Wa'ed), has invested in a $108 million Series B for French quantum computing startup PASQAL.

TECHNOLOGY 8 days ago from Wamda

Wa’ed invests in PASQAL’s $108 million Series B

Wa’ed Ventures, the Saudi Aramco Entrepreneurship Centre (Wa'ed), has invested in a $108 million Series B for French quantum computing startup PASQAL.

TECHNOLOGY 8 days ago from Wamda

Wa’ed invests in PASQAL’s $108 million Series B

Wa’ed Ventures, the Saudi Aramco Entrepreneurship Centre (Wa'ed), has invested in a $108 million Series B for French quantum computing startup PASQAL.

TECHNOLOGY 8 days ago from Wamda

UAE’s Hotdesk acquires Spain-based YADO

Hotdesk, a UAE-based workspace booking app, has acquired Spanish counterpart YADO for an unknown sum. Founded in 2019 by Mohamed Khaled, ex-finance director at SWVL, Ali Shweki and Mohamed Elsarrag, Hotdesk allows businesses to get on-demand access to workspaces in their vicinity.

TECHNOLOGY 8 days ago from Wamda

UAE’s Hotdesk acquires Spain-based YADO

Hotdesk, a UAE-based workspace booking app, has acquired Spanish counterpart YADO for an unknown sum. Founded in 2019 by Mohamed Khaled, ex-finance director at SWVL, Ali Shweki and Mohamed Elsarrag, Hotdesk allows businesses to get on-demand access to workspaces in their vicinity.

TECHNOLOGY 8 days ago from Wamda

UAE’s Hotdesk acquires Spain-based YADO

Hotdesk, a UAE-based workspace booking app, has acquired Spanish counterpart YADO for an unknown sum. Founded in 2019 by Mohamed Khaled, ex-finance director at SWVL, Ali Shweki and Mohamed Elsarrag, Hotdesk allows businesses to get on-demand access to workspaces in their vicinity.

TECHNOLOGY 8 days ago from Wamda

NB Ventures invests in $1.2 million Seed round for India’s career-tech Suraasa

UAE-based NB Ventures has invested in India-based career-tech Suraasa's $1.2 million Seed round, led by Inflection Point Ventures. Other investors participating in this round include SuperMorpheus, Vinners, SucSEED Innovation, along with angel investors.

TECHNOLOGY 8 days ago from Wamda

NB Ventures invests in $1.2 million Seed round for India’s career-tech Suraasa

UAE-based NB Ventures has invested in India-based career-tech Suraasa's $1.2 million Seed round, led by Inflection Point Ventures. Other investors participating in this round include SuperMorpheus, Vinners, SucSEED Innovation, along with angel investors.

TECHNOLOGY 8 days ago from Wamda

NB Ventures invests in $1.2 million Seed round for India’s career-tech Suraasa

UAE-based NB Ventures has invested in India-based career-tech Suraasa's $1.2 million Seed round, led by Inflection Point Ventures. Other investors participating in this round include SuperMorpheus, Vinners, SucSEED Innovation, along with angel investors.

TECHNOLOGY 9 days ago from Wamda

Matbakhi raises $2.3 million pre-Seed round

Saudi Arabia-based foodtech startup Matbakhi, has raised a $2.3 million pre-Seed round led by Bugshan Investment Company along with an undisclosed group of angel investors.

TECHNOLOGY 9 days ago from Wamda

Matbakhi raises $2.3 million pre-Seed round

Saudi Arabia-based foodtech startup Matbakhi, has raised a $2.3 million pre-Seed round led by Bugshan Investment Company along with an undisclosed group of angel investors.

TECHNOLOGY 9 days ago from Wamda

Matbakhi raises $2.3 million pre-Seed round

Saudi Arabia-based foodtech startup Matbakhi, has raised a $2.3 million pre-Seed round led by Bugshan Investment Company along with an undisclosed group of angel investors.

TECHNOLOGY 10 days ago from Wamda

How influence is increasingly breeding entrepreneurship

Baha Hamadi,is a board member of the Public Relations & Communications Association  You may have noticed a new breed of entrepreneurs on the rise—the influencer entrepreneur, or influpreneur.

TECHNOLOGY 10 days ago from Wamda

How influence is increasingly breeding entrepreneurship

Baha Hamadi,is a board member of the Public Relations & Communications Association  You may have noticed a new breed of entrepreneurs on the rise—the influencer entrepreneur, or influpreneur.

TECHNOLOGY 10 days ago from Wamda

How influence is increasingly breeding entrepreneurship

Baha Hamadi,is a board member of the Public Relations & Communications Association  You may have noticed a new breed of entrepreneurs on the rise—the influencer entrepreneur, or influpreneur.

TECHNOLOGY 10 days ago from Wamda

How influence is increasingly breeding entrepreneurship

Baha Hamadi,is a board member of the Public Relations & Communications Association  You may have noticed a new breed of entrepreneurs on the rise—the influencer entrepreneur, or influpreneur.

TECHNOLOGY 10 days ago from Wamda

Saudi Arabia’s Sandsoft Games invests $3.25 million in The Tiny Digital Factory

Saudi Arabia-based Sandsoft Games, a mobile-first game developer, publisher and investor, has invested $3.25 million in The Tiny Digital Factory (TDF), an independent developer of mobile racing and motorsport games.

TECHNOLOGY 10 days ago from Wamda

Saudi Arabia’s Sandsoft Games invests $3.25 million in The Tiny Digital Factory

Saudi Arabia-based Sandsoft Games, a mobile-first game developer, publisher and investor, has invested $3.25 million in The Tiny Digital Factory (TDF), an independent developer of mobile racing and motorsport games.

TECHNOLOGY 10 days ago from Wamda

Saudi Arabia’s Sandsoft Games invests $3.25 million in The Tiny Digital Factory

Saudi Arabia-based Sandsoft Games, a mobile-first game developer, publisher and investor, has invested $3.25 million in The Tiny Digital Factory (TDF), an independent developer of mobile racing and motorsport games.

TECHNOLOGY 10 days ago from Wamda

Saudi Arabia’s Sandsoft Games invests $3.25 million in The Tiny Digital Factory

Saudi Arabia-based Sandsoft Games, a mobile-first game developer, publisher and investor, has invested $3.25 million in The Tiny Digital Factory (TDF), an independent developer of mobile racing and motorsport games.

TECHNOLOGY 10 days ago from Wamda

Iraq’s Alsaree3 Group receive seven-figure bridge round

Iraq-based Alsaree3 Group, closed a seven-figure bridge round in December 2022, raising its total funding to over $6.5 million.  Founded in 2018 by Bassam Al-Ateia, Alsaree3 helps restaurants handle their own operations using their point of sale (POS) and hardware technologies, while its sister company Al Zajel offers on-demand parcel delivery services.

TECHNOLOGY 10 days ago from Wamda

Iraq’s Alsaree3 Group receive seven-figure bridge round

Iraq-based Alsaree3 Group, closed a seven-figure bridge round in December 2022, raising its total funding to over $6.5 million.  Founded in 2018 by Bassam Al-Ateia, Alsaree3 helps restaurants handle their own operations using their point of sale (POS) and hardware technologies, while its sister company Al Zajel offers on-demand parcel delivery services.

TECHNOLOGY 10 days ago from Wamda

Iraq’s Alsaree3 Group receive seven-figure bridge round

Iraq-based Alsaree3 Group, closed a seven-figure bridge round in December 2022, raising its total funding to over $6.5 million.  Founded in 2018 by Bassam Al-Ateia, Alsaree3 helps restaurants handle their own operations using their point of sale (POS) and hardware technologies, while its sister company Al Zajel offers on-demand parcel delivery services.

TECHNOLOGY 10 days ago from Wamda

Iraq’s Alsaree3 Group receive seven-figure bridge round

Iraq-based Alsaree3 Group, closed a seven-figure bridge round in December 2022, raising its total funding to over $6.5 million.  Founded in 2018 by Bassam Al-Ateia, Alsaree3 helps restaurants handle their own operations using their point of sale (POS) and hardware technologies, while its sister company Al Zajel offers on-demand parcel delivery services.

TECHNOLOGY 10 days ago from Wamda

Moroccan logistics startup Cathedis raises $735,000

Morocco-based logistics startup Cathedis, has raised MDH 7.5 million ($735,500), of which MDH 5 million came from Afrimobility and a bridge round of MDH 2.

TECHNOLOGY 10 days ago from Wamda

Moroccan logistics startup Cathedis raises $735,000

Morocco-based logistics startup Cathedis, has raised MDH 7.5 million ($735,500), of which MDH 5 million came from Afrimobility and a bridge round of MDH 2.