This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
YallaMarket, a Dubai-based quick-commerce startup, is planning to expand within the United Arab Emirates (U.A.E), and to enter SaudiArabia 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.
Jordan-based mobile game publisher TamatemGames announced today it has raised $11 million in a Series B led by KRAFTON , a South Korean game developer behind PUBG, marking its first investment in the Middle East and North Africa (MENA). The startup will hire local talents in SaudiArabia to expand further.
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 SaudiArabia and Egypt. The company first raised a $4 million seed round last year.
Cybersecurity firm Dragos has raised $110 million in its Series C, almost triple the amount that it raised two years ago in its last round. ” Another one of those places is SaudiArabia, one of the world’s largest oil and gas producers, where Dragos has an office and now draws an investment.
Terra Drone said today it has raised $14 million in Series C funding from Wa’ed Ventures , the venture capital arm of Saudi Aramco , marking the VC firm’s first investment in Asia. For example, fossil fuel companies in SaudiArabia will utilize Terra Drone’s technology for inspection services.
The company has raised $3.4 This suite of services is essential in the primary markets in which Nomod is aiming to build a significant merchant base, like SaudiArabia, the UAE and Bangladesh. In SaudiArabia, for instance, only 3% of more than 1 million registered businesses have access to bank credit.
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. Its two main markets are SaudiArabia and the UAE. BNPL payment startup Alma raises another $130 million round.
Egypt, one of the most active e-commerce countries in the region, is anticipated to grow 33% annually to reach $3 billion by 2022. This investment comes a year after the company raised a $2.5 million round, which takes its total investment raised to $9.2 increase from when it raised its previous round, Ezzat stated.
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.
Since launching in Egypt, Koinz has expanded to SaudiArabia and the UAE. Since leaving Tinder in 2014, Mateen has been an active investor in early-stage companies. African-focused VC 4DX Ventures and strategic angel investors from Egypt, Turkey and SaudiArabia participated as well.
MENA-based buy now, pay later startup Tabby has raised $58 million, led by Sequoia Capital India and STV, at a valuation of $660 million. The fintech has raised more than $410 million in equity and debt since its 2019 launch. . Dubai-based buy now, pay later platform tabby raises $50M at $300M valuation.
VOCHI , a Belarus-based startup behind a clever computer vision-based video editing app used by online creators, has raised an additional $2.4 Vochi, the ‘computer vision’-based video editing and effects app, raises $1.5M Others hail from Russia, SaudiArabia, Brazil and parts of Europe, Lesun says.
Recent research suggests that the e-commerce market in SaudiArabia, UAE and Egypt account for a combined $21.4 The company, which allows e-commerce businesses to scale and grow by targeting businesses with limited bank or venture financing access, is announcing that it has raised $3.6 Wayflyer raises $150M on a $1.6B
It raised $850,000 seed in October 2020. The startup hopes that the Series A funding will drive its presence in 12 countries, including South Africa, Kenya, Ghana and SaudiArabia. The edtech platform has grown from 100 students in its first year to around 4,000 active students today.
Riiid has been actively penetrating the global market since 2020 after it opened the U.S. Beyond the TOEIC mobile app, the company launched an ACT prep mobile app with ConnectMe Education in early 2021 in Egypt, Turkey, UAE, Jordan and SaudiArabia. How is edtech spending its extra capital? arm, Riiid Labs, in Silicon Valley.
.” The firm has raised $35 million on the heels of its last tranche in June , bringing its total Series D investment to $95 million. Prosperity7, the venture capital arm of SaudiArabia’s state oil company Aramco, led the new capital infusion.
According to COO Siam, the founders noticed that as e-commerce activities in the Middle East and North African regions accelerated due to the pandemic, merchants were left overwhelmed with the volume of orders they received. Founded by Mohamed Mossaad and Enas Siam in September 2020, the Egyptian company launched in stealth this January.
Aside from Bahrain, Qatar, Turkey and the United Arab Emirates, Fenix also has a presence in SaudiArabia, 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.”
individuals using mobile phones for activism and civic engagement. register people to vote, encourage involvement in elections, raise money for. election monitoring Macedonia and Kenya; among women voters in SaudiArabia, and. of types of activism and advocacy. can be downloaded at here. MobileActive. ???With
On March 25, PitchBook released its 2021 Annual Fintech Report , which found that the fintech industry raised $121.6 In what was not a surprise but is still noteworthy, corporate spend and expense management startup Ramp confirmed that it raised $200 million in equity, secured $550 million in debt and doubled its valuation to $8.1
Rather, this course of action was undertaken after the founders abdicated their responsibilities, failed to enact Board-approved corporate actions, and began to actively subvert the abilities of the company to stabilize its financial and operational affairs. Egyptian startup Capiter raises $33M to expand B2B e-commerce platform across MENA.
Southeast Asia is already home to a thriving fintech scene, where Grab , GoTo and Sea have built super apps that encompass financial services, and startups like Xendit , Akulaku and Dana (to name a few) have raised hundreds of millions of dollars for payments, banking services and other financial tools. PayHalal, which has received $4.5
The company raised additional funding at a $9 billion valuation back in 2021. There are around 80 million monthly users as numbers reported midway through last year, but that's a steep decline from the game's peak of 232 million active players. Niantic also has not been immune to the broad layoffs affecting the games industry.
While Nigeria and Kenya have been at the forefront of African fintech innovation, activities in Egypt are beginning to shape up nicely. In July 2020, Paymob raised $3.5 In July 2020, Paymob raised $3.5 An additional $15 million was raised from the same investors led by Dubai-based VC firm Global Ventures.
Earlier this year, the company raised a whopping $709 million , which is no doubt going to help fuel this expansion. Other deals that caught my attention this week … BattGenie , a University of Washington startup that developed software to improve performance of batteries, raised $1.5 and Canada, has just raised a $43.5
We organize all of the trending information in your field so you don't have to. Join 12,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content