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A marketplace that let tourists make same-day bookings for tours, events and activities, the app expanded around the world after launching in 2015. The company announced today it has raised $12 million led by Glade Brook Capital, which has also invested in marketplaces like Airbnb, Meituan, Uber and Instacart. Then COVID-19 hit.
In 2019 there was a 30% increase in startup funding and a 102% increase in M&A activity. By the end of last year, the annual Israeli Tech Review 2020 showed that Israeli tech firms had raised a record $9.93 By the end of last year, the annual Israeli Tech Review 2020 showed that Israeli tech firms had raised a record $9.93
The study analyzed a collection of contact tracing apps, which are designed to inform and monitor physical contact between people in the event someone contracts COVID-19, from 11 countries: Algeria, Bahrain, France, Iceland, Israel, Kuwait, Lebanon, Norway, Qatar, Tunisia, and UnitedArabEmirates.
YallaMarket, a Dubai-based quick-commerce startup, is planning to expand within the UnitedArabEmirates (U.A.E), and to enter Saudi Arabia and Qatar next year, to tap the appetite for speedy and convenient grocery shopping. million it has raised in the pre-seed round to fund expansion within the U.A.E.
We are committed to regularly raising the bar on the level of accessibility we can offer. In addition, we are active members of the DAISY Consortium, where we are able to contribute back code and other technical expertise so that all may benefit. Is Spanish more your bag?
Jordan-based online learning platform Abwaab has raised $20 million in a Series A funding round (following a $5 million seed round in March of this year), making it one of the most funded edtech startups in the Middle East, North Africa and Pakistan (MENAP), a region that encompasses 160 million students. Abwaab on tablet.
But two months into 2020, the pandemic did an excellent job of lowering expectations as investment activities from local and international investors slowed down. African startups nearly raised $1.5 Predictions were made on how much the continent’s startups would raise in December. It wasn’t a bad year, though. billion and $2.8
The startup just raised a $13 million Series A round. The startup believes that these systems will always be there to activate key cards, tell the hotel staff when a room needs to be cleaned and other tasks. A product like Thynk makes sense in 2023 because a lot of hotel groups are trying to streamline their activities.
Aside from Bahrain, Qatar, Turkey and the UnitedArabEmirates, Fenix also has a presence in Saudi Arabia, specifically with its shared and subscription scooter service. When people move and do more, it drives economic activity and quality of living, so we’re really focused on how we can reduce that friction to move.”
The company, founded by Manar Mahmassani, Rami Tabbara, and Ricardo Brizido in 2020, has raised $8 million in a pre-Series A round from investors like BY Ventures, MEVP, and Vivium Holdings to expand its portfolio and launch in Saudi Arabia and Egypt. The company first raised a $4 million seed round last year.
Cars24 , a startup out of India that has built an app and website for selling used cars and motorbikes, has raised $400 million: a Series G of $300 million in equity and a further $100 million in debt. It’s not the only one: a month ago, Spinny , another startup in the used-car space raised $280 million. billion, versus $1.84
E-commerce roll-up play Opontia launched in June, raising $20 million in debt and equity to acquire older, small e-commerce brands in the Middle East and Africa. Roll-up plays are generally known to secure more debt than equity when they raise mega-round deals. Also, none of these players except Opontia is active in the Middle East.
The pre-seed round is an extension of an undisclosed six-figure raise MoneyHash announced last June from investors Ventures Platform, Kepple Africa Ventures, LoftyInc Capital and lead COTU Ventures. MoneyHash will plug into different payments gateways and processors active in the Middle East and North Africa post-beta.
The BNPL provider has raised $104 million in total Series B funding and plans to use this extension round to expand its consumer product offering and facilitate its international expansion, it said in a statement. Dubai-based buy now, pay later platform tabby raises $50M at $300M valuation. The company has over 1.1
The payment solution for consumers in restaurants has now raised $17 million in seed financing in a round co-led by Berlin’s Cherry Ventures and Point Nine Capital of Germany. Other startups have jumped on these kinds of trends, among them Toast and GoodEats.
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