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The Yozma Programme (Hebrew for “initiative”) from the government, in 1993, was seminal: It offered attractive tax incentives to foreign VCs in Israel and promised to double any investment with funds from the government. Over the last decade, startup funding for Israeli entrepreneurs increased by 400%. billion, from $6.51
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 new funding will be used to expand into 300 cities, product development and its product, business, marketing and operations teams. Then COVID-19 hit.
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.
One of the biggest changes to Bookshare in the last ten years has been in the area of education, through funding from the Department of Education, Office of Special Education Programs (OSEP). This gave us the chance to say thank you to many people, and a number of very cool dogs, who have helped make Bookshare what it is today. Thanks again!
But two months into 2020, the pandemic did an excellent job of lowering expectations as investment activities from local and international investors slowed down. What’s a record year of funding without some unicorns? It wasn’t a bad year, though. African startups nearly raised $1.5 billion and $2.8
This round was led by Singular , with a New-York based fund managed by Itai Tsiddon and Belgian investment firm CNP (Groupe Frère) also participating. 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.
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.”
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.
based MoneyHash is one such company, emerging from beta with $3 million in pre-seed funding. The Middle Eastern early-stage fund also led this extension, with participation from previous backers in the initial pre-seed round and others like VentureSouq, VentureFriends, The Continent Venture Partners, Nuwa Capital and First Check Africa.
Increasingly accustomed to active management of their relationships with institutions that manage their finances, travel plans, meals and more, today's consumers also expect comparable experiences and value from their relationships with virtually all organizations -- including the nonprofits they support.
San Francisco-based venture debt fund Partners for Growth funded Opontia’s debt financing. Also, none of these players except Opontia is active in the Middle East. STV led the round, with Raed Ventures, Global Founders Capital, Upper90 and VentureSouq participating.
Today, one of the startups that’s seeing a lot of growth as a result of that is announcing a big round of funding to further tap the opportunity. Cars24 is not only on a scaling, but also a funding, tear: it additionally raised $200 million last December, putting the total raised in the last year to about $840 million.
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. million active users who shop with more than 3,000 brands monthly. The company has over 1.1
The Middle East has long been thought of as an oil region, but the UnitedArabEmirates aims to change this with an intense focus on growing the country’s technology and startup scene. Omar bin Sultan Al Olama, UnitedArabEmirates minister of artificial intelligence. Image Credits: UnitedArabEmirates.
The solution allowed EFE staff to carry out their day-to-day activities more efficiently and strengthen student, donor, and partner management. Partnerships, securing funding, and spending more time placing MENA youth into fulfilling, sustainable employment are all made possible by the organization’s Salesforce solutions.
owners of Mercedes models that use MBUX will be able to opt into a beta program starting June 16 activating the ChatGPT functionality. A source tells us Founders Fund is also investing. Browsing is available on both the iOS and Android ChatGPT apps. June 15, 2023 Mercedes is adding ChatGPT to its infotainment system U.S.
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