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Communication software startup Channels takes on event management with text workflow

TechCrunch

The company’s customer list boasts names like Marriott Hotels, and it announced a $520,000 seed round, led by Sahra Growth Capital, to give it nearly $570,000 in total funding. The new funding will be used to grow in development and bring additional engineering talent to the team.

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A look at how proptech startup Knotel went from a $1.6B valuation to filing for bankruptcy

TechCrunch

Jonathan Pasternak, a partner in the bankruptcy, restructuring and creditor rights group at New York-based Davidoff Hutcher & Citron, believes the company’s Chapter 11 filing was inevitable despite it reaching unicorn status after raising $400 million in Series C funding in August 2019.

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Tabby raises $58M at $660M valuation as PayPal Ventures makes first investment in the GCC

TechCrunch

According to a statement shared by the Dubai-based company, the funding will be used to expand Tabby’s product line into a plethora of consumer financial services and support the company’s growing operations that now include Egypt. The fintech has raised more than $410 million in equity and debt since its 2019 launch. .

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Egypt’s YFS gets $7M to scale its on-demand logistics and delivery business across MENA

TechCrunch

These investors backed the company again in this round, including lead investor DisruptAD , ADQ’s venture platform and Kuwait-based Kharafi Group. YFS will be deploying the new funding to expand its presence in cities across Egypt and the MENA region. Why Delivery Hero is acquiring a majority stake in Spanish delivery company Glovo.

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Faraday Future founder’s bankruptcy spiked a potential deal in the Middle East

The Verge

With his personal bankruptcy plan approved, here are some of the most interesting things that surfaced in court Late last year, Faraday Future was supposed to meet with a Middle East sovereign wealth fund to discuss an investment that could have helped pull the struggling EV startup out of its perpetual financial nosedive. He borrowed $2.7

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Egyptian health and wellness platform Esaal raises $1.7M to scale across MENA

TechCrunch

million seed investment from A15; this brings its total funding raised from the VC firm to $3 million since its launch in 2018. Doss said Esaal services are available in 7 other countries across MENA and the GCC: Saudi Arabia, Tunisia, Kuwait, Qatar, Bahrain, Palestine and Iraq. million in 2021 and 130% between 2020 and 2021.

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ChatGPT: Everything you need to know about the AI-powered chatbot

TechCrunch

A source tells us Founders Fund is also investing. May 25, 2023 ChatGPT app is now available in 11 more countries OpenAI announced in a tweet that the ChatGPT mobile app is now available on iOS in the U.S., Europe, South Korea and New Zealand, and soon more will be able to download the app from the app store.

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