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 […]
Efreshli, Egyptian Interior Design Startup, Secures Seed Funding to Expand and Enhance Offerings Cairo, Egypt – Egyptian online interior design startup Efreshli has raised a seed funding round to bolster its product lineup and further enhance its technology-driven platform for home furnishing. Founded by Heba Elgabaly, Efreshli aims to simplify the process of home decoration […]
BMCE Capital Investments Backs Moroccan Logistics Startup Cathedis with MAD7 Million Investment Casablanca, Morocco – BMCE Capital Investments, the private equity arm of BMCE Capital, has announced a strategic investment in Cathedis, a leading Moroccan last-mile delivery logistics company. The investment, totaling nearly MAD7 million, includes MAD5 million from BMCE Capital’s dedicated venture capital fund […]