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 […]
Cairo, Egypt – Amenli, a digital-first insurance platform, has raised $2.3 million in a funding round led by the European Bank for Reconstruction and Development (EBRD)’s venture capital arm, with follow-on investment from Y Combinator (YC). This significant milestone positions Amenli as a key player in modernizing Egypt’s insurance sector and accelerating digital transformation. With […]
Cairo, Egypt – November 18, 2024: Swvl, a global leader in tech-driven mobility solutions, has announced securing $4.2 million in new contracts in Egypt. The contracts span key industries, including FMCG and telecommunications, further solidifying the company’s footprint in the region. This milestone aligns with Swvl’s mission to revolutionize transportation through innovative mobility solutions tailored […]