InfiniLink has raised $10M in seed funding to accelerate the development of its optical connectivity solutions, addressing the growing bandwidth and energy efficiency demands of AI-driven data centers. CAIRO, March 31, 2025 /PRNewswire-PRWeb/ — InfiniLink, an innovative semiconductor startup specializing in advanced optical data connectivity chips for AI-driven data centers, today announced the successful closure of a $10M funding round. This […]
San Francisco/Cairo – April 4, 2025 — Stakpak, Inc., the company behind the first AI-powered Integrated Development Environment (IDE) for software infrastructure, today announced it has raised $500,000 in a pre-seed funding round led by P1 Ventures, with participation from Digital Currency Group, 500 Sanabil, and prominent angel investors including Moataz Soliman and Omar Gabr, […]
Cairo – Al Tadamun Microfinance Foundation, a leader in microfinance for micro-projects aimed at women, has reached an agreement with QNB Egypt, a subsidiary of QNB Group, to renew a credit facility worth EGP 195 million. This financing aims to expand the funding of micro-projects owned by women throughout the country. This agreement reflects the commitment […]
Cairo, Egypt – Grinta, a leading healthcare and pharmaceutical solutions company, has announced its acquisition of Citi Clinic, a well-established primary healthcare service chain in Egypt. This strategic move is accompanied by an undisclosed amount of investment secured through a funding round led by Beltone Venture Capital and Raed Ventures, marking a significant milestone in […]
Cairo, Egypt – A Ventures has strengthened its commitment to Mrkoon, a digital marketplace for scrap and surplus materials, by increasing its stake from 20% to 28%. The investment firm followed up on its initial pre-seed funding with a new bridge round, demonstrating confidence in Mrkoon’s potential to scale beyond Egypt. Strategic Investment to Disrupt […]
Taager, an Egypt-founded social e-commerce platform, has secured $6.75 million in a pre-Series B funding round led by Norrsken22, a tech growth fund focused on Africa. The investment underscores growing investor interest in the burgeoning social commerce sector within the Middle East and North Africa (MENA) region. Existing investors, including BECO Capital, 4DX Ventures, RAED Ventures, […]
Cairo, Egypt – Egyptian deep-tech startup ReNile has announced the successful closure of its first investment round, raising an eight-figure amount in local currency. The funding round was led by Keheilan Fund, a prominent investment entity specializing in deep-tech ventures, under the leadership of Dr. Ahmed Abdel Hamid. Known for championing advanced technology in the […]
ariika, the digital-first home furnishings disruptor, has raised USD 3 million in a Series A extension round, marking a significant milestone in its growth journey. The round was led by Beltone Venture Capital and UAE-based Citadel International Holdings, reinforcing investor confidence in ariika’s modern, accessible design offerings and its seamless online and offline customer experiences. […]
Riyadh, Saudi Arabia – November 19, 2024 EFG Hermes, the leading investment bank in the Middle East and North Africa (MENA) and an EFG Holding company, has announced the launch of its $300 million Saudi Education Fund (SEF). The private equity arm of EFG Hermes aims to establish a world-class K-12 education operator in the […]
Riyadh, Saudi Arabia – Qara, a MEA-based supply chain tech startup, has announced the successful completion of its $2.6 million funding round, led by strategic investors. This funding will fuel Qara’s expansion into the Kingdom of Saudi Arabia (KSA), facilitated by the National Technology Development Program’s (NTDP) Relocate Initiative. The program offers a comprehensive suite […]