Simplex, a rising startup in the field of CNC machine manufacturing, secures $13 million, as part of Saudi efforts to support and localize advanced industries within the Kingdom. Simplex will use the fund to open a huge factory which set to be built on a 20,000 square meter site in Riyadh, the Saudi capital, will […]
MENA: Fincart.io, a platform that helps e-commerce SMBs improve shipping and unlock working capital, has announced today that the company has successfully closed its pre-seed funding round for an undisclosed amount. The round was led by Plus VC, the most active VC in the MENA, with participation from leading regional and international investors such as Plug […]
Riyadh, Saudi Arabia – Talent 360, a leading provider of integrated HR solutions, has successfully closed a six-figure investment round led by C.STAR, a prominent Saudi business development and startup ecosystem enabler. This strategic partnership will enable Talent 360 to strengthen its presence in Saudi Arabia, play a more integral role in the Kingdom’s rapidly […]
Cairo, Egypt – ReNile, an Egypt-based agri-tech startup, has successfully closed a funding round of $450,000 from undisclosed investors. Founded in 2017, the company specializes in end-to-end smart farming solutions, leveraging technology to enhance agricultural productivity and sustainability. The funding will support ReNile’s ambitious expansion plans, including establishing a subsidiary in Saudi Arabia to manufacture […]
Cairo, Egypt – In a significant step toward boosting Egypt’s entrepreneurial ecosystem, the Micro, Small, and Medium Enterprise Development Agency (MSMEDA) has announced a $3 million investment in Foundation Ventures Fund. The partnership aims to drive innovation, create jobs, and promote sustainable economic growth in alignment with Egypt’s Vision 2030 strategy. Fueling Egypt’s Startup Ecosystem […]
Cairo, Egypt – EdVentures, the leading EdTech-focused corporate venture capital firm in MENA, has announced six-digit investments in two promising EdTech startups through its innovative EdTech Ventures Studio (EDVS) program. This new funding expands EdVentures’ portfolio to a total of 24 startups. Launched earlier this year in partnership with the Challenge Fund for Youth Employment (CFYE), […]
Casablanca, Morocco – ZSystems (Z), a Morocco-based B2B marketplace transforming traditional retail through technology and innovation, has announced the successful completion of its $1.5 million Seed funding round. The round was led by prominent Morocco-based venture capital firms, including MNF Ventures (via MNF II fund), Witamax (via Funds II and III), Cash Plus Ventures, and […]
Middle East and North Africa, December 2024 — Nowlun, a digital freight forwarding platform disrupting the logistics industry in the Middle East and North Africa (MENA), has raised $1.7 million in seed funding. The funding round was led by Nama Ventures and A15, with participation from Sanabil 500 Global and prominent angel investors. The newly […]
Casablanca, Morocco – BMCE Capital Investments, the private equity arm of BMCE Capital Group, has announced the signing of a conditional agreement to acquire a stake in Premium Technology & Services (PTS), a fast-growing Moroccan startup specializing in digital payment solutions. The investment, valued at USD 497,900 (5 million dirhams), is being made through BMCE’s […]
Cairo, Egypt – Sylndr, the pioneering Egyptian startup redefining the used car market, has announced the successful acquisition of a groundbreaking EGP 370 million credit facility. This innovative asset-backed working capital solution marks Egypt’s first of its kind, underscoring Sylndr’s growing influence in the automotive fintech space. The funding was secured with the support of […]