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), […]
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 […]
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 – 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 […]
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 […]
Doha, Qatar – Pass, Qatar’s leading tech-driven logistics startup, has successfully raised more than 10 million Qatari riyals in its latest investment round, marking a significant milestone as it ramps up its regional expansion. The fresh funding will empower Pass to accelerate development of advanced logistics solutions and improve fast, reliable delivery services, ultimately enhancing the daily […]
Pargo Expands to Egypt, Launches ‘Collect and Return’ Service at Over 500 Points October 2024 — South Africa’s leading e-commerce logistics company, Pargo, has announced its expansion into Egypt with the official launch of its Collect and Return service, available across 500 Pargo Points. These collection points, established in partnership with local outlets like Fawry, […]