TechCrunch

FEBRUARY 7, 2023

Following this growth, it is planning on expanding to Egypt and the UAE, while doubling down on Saudi Arabia, against the backdrop of $5 million pre-Series A funding it has raised, in a round led by Europe-based VC Speedinvest, which marked its debut into Saudi Arabia, and RAED Ventures, with participation from MENA focused VC firm Wamda Capital. “We

Saudi Arabia 95

Saudi Arabia Raise UAE Egypt 95

TechCrunch

AUGUST 9, 2022

Convertedin , an Egyptian startup that operates a marketing operating system for e-commerce brands, has raised $3 million in a seed round led by Saudi Arabia-headquartered Merak Capital. The company, in a statement, said it plans to utilize the funds for strategic hiring and further development of its platform.

Saudi Arabia 104

Saudi Arabia America Raise Offline 104

TechCrunch

AUGUST 23, 2022

Dubai-based Zywa, a neobank for Gen Z, plans to fuel its growth in the United Arabs Emirates (U.A.E), and to kick-start its expansion to Saudi Arabia and Egypt after raising $3 million seed funding at over $30 million (110 million AED) valuation.

Saudi Arabia 98

Saudi Arabia United Arab Emirates UAE Egypt 98

TechCrunch

MAY 5, 2022

The company announced Thursday alongside its first-quarter earnings report that it was raising prices of the variants of its luxury Air sedan, beginning June 1. Considering that Lucid disclosed it has 30,000 reservations for the Air, it will be awhile before the company sees the benefit from these raised prices.

Saudi Arabia 97

Saudi Arabia Raise Files Ukraine 97

TechCrunch

DECEMBER 9, 2021

In the latest development, Sympl , an Egyptian fintech founded only five months ago, announced today that it has picked up $6 million in seed funding following a soft launch in October. El-Feky said when the company raises its next round of investment, expansion outside Egypt will be on the cards. Saudi Arabia. . “It

Saudi Arabia 115

Saudi Arabia Egypt Service South Africa 115

TechCrunch

JANUARY 24, 2023

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 Saudi Arabia will utilize Terra Drone’s technology for inspection services.

Saudi Arabia 86

Saudi Arabia North America Japan Denmark 86

TechCrunch

OCTOBER 12, 2022

Recent research suggests that the e-commerce market in Saudi Arabia, 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

Saudi Arabia 98

Saudi Arabia UAE Fund Egypt 98

TechCrunch

DECEMBER 5, 2022

OneOrder , Egypt’s supply chain solutions provider for restaurants, has raised $3 million seed funding led by Nclude with participation from A15, and Delivery Hero Ventures. The latest funding brings the total funding raised by the startup to $10.5. million, including $6.5 Vendease gets $3.2M

Saudi Arabia 96

Saudi Arabia Egypt Fund Africa 96

The Verge

JULY 26, 2021

The public listing is the second in the last week for the industry; fellow EV startup Faraday Future became a public company listed on the Nasdaq last Thursday and raised $1 billion in the process. Lucid Motors then found a savior in Saudi Arabia’s sovereign wealth fund in 2018.

Saudi Arabia 90

Saudi Arabia Public Arizona Fund 90

TechCrunch

FEBRUARY 3, 2022

For the unacquainted, Ramp is a spend management startup that last August raised $300 million at a $3.9 Other prominent players in the space include Brex, which last month announced a $300 million raise at a $12.3 It is gearing up to formally launch in the UAE and Saudi Arabia in the coming weeks. billion valuation.

Saudi Arabia 97

Saudi Arabia UAE Build Fund 97

TechCrunch

DECEMBER 8, 2021

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.

Africa 98

Africa Saudi Arabia Europe Poland 98

TechCrunch

MARCH 6, 2022

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 Saudi Arabia and the UAE. The company has over 1.1

Saudi Arabia 85

Saudi Arabia India UAE Egypt 85

TechCrunch

MAY 17, 2021

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. The funds will be used for those causes, as well as expanding operations across Africa, MENA and the GCC.

Africa 99

Africa Saudi Arabia Egypt Business 99

TechCrunch

NOVEMBER 15, 2021

The company has raised $3.4 million in seed funding at a valuation of $50 million. This suite of services is essential in the primary markets in which Nomod is aiming to build a significant merchant base, like Saudi Arabia, the UAE and Bangladesh.

Saudi Arabia 95

Saudi Arabia UAE South Africa Bangladesh 95

TechCrunch

AUGUST 23, 2022

Servify, a startup that manages lifecycle of devices for several popular smartphone vendors including Apple and Samsung in many markets, has raised $65 million as it eyes becoming a public company in two years. Singularity Growth Opportunity Fund led the Mumbai-headquartered startup’s Series D funding.

Saudi Arabia 86

Saudi Arabia Management Raise Platform 86

TechCrunch

FEBRUARY 6, 2023

million seed funding it has raised from 500 Global, P1 Ventures, Launch Africa, and Middle East VCs Seedra Ventures, Arzan Ventures, Propeller, Core Vision, as well as a number of regional investors. to give us access to Europe, and Saudi Arabia for the GCC region,” said Khairy. “We Gameball raises $3.5M

Saudi Arabia 94

Saudi Arabia Platform Raise Philippines 94

TechCrunch

MARCH 8, 2021

Since launching in Egypt, Koinz has expanded to Saudi Arabia and the UAE. African-focused VC 4DX Ventures and strategic angel investors from Egypt, Turkey and Saudi Arabia participated as well. These consumers have redeemed almost 300,000 rewards, while almost 800,000 customers have left reviews.

Saudi Arabia 98

Saudi Arabia Egypt Platform Aggregator 98

TechCrunch

JULY 22, 2021

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, Saudi Arabia, Brazil and parts of Europe, Lesun says.

Belarus 99

Belarus Video Saudi Arabia Raise 99

TechCrunch

FEBRUARY 28, 2022

Lucid is also building a new manufacturing facility in the Kingdom of Saudi Arabia that it expects to finish by 2025. The company estimates the Saudi plant could bring in up to $3.4 But the relationship between Lucid Motors and Saudi Arabia goes further back than this recent agreement. billion investment in 2018.

Saudi Arabia 98

Saudi Arabia Goal Product Yahoo 98

TechCrunch

OCTOBER 19, 2022

Last year, MaxAB , the food and grocery B2B e-commerce and distribution platform serving a network of traditional retailers across Egypt and Morocco, raised its $55 million Series A in two tranches ; the latter accompanied its acquisition of the Morocco-based and YC-backed WaysToCap. million orders within this timeframe.

Saudi Arabia 96

Saudi Arabia Morocco Egypt Platform 96

TechCrunch

JANUARY 17, 2023

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.

Paypal 97

Paypal Saudi Arabia Raise Egypt 97

TechCrunch

JUNE 9, 2022

AfricInvest, through its Cathay AfricInvest Innovation Fund (CAIF) and French-based development finance institution Proparco, co-led the early-growth round. 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 Saudi Arabia.

Africa 98

Africa Tunisia Saudi Arabia South Africa 98

TechCrunch

JULY 28, 2021

After its Egypt launch, Swvl expanded to Kenya, Pakistan, Jordan and Saudi Arabia. Queen’s Gambit, the women-led SPAC in charge of the deal, raised $300 million in January and added $45 million via an underwriters’ overallotment option focusing on startups in clean energy, healthcare and mobility sectors.

Saudi Arabia 99

Saudi Arabia Public Egypt Companies 99

TechCrunch

OCTOBER 7, 2021

The acquisition comes after the company’s latest $175 million Series D round from SoftBank’s Vision Fund 2 in May. Riiid has said it will continue to fuel its global expansion with the funding. . Korea’s Riiid raises $175M from SoftBank to expand its AI-based learning platform to global markets.

Japan 104

Japan South Korea Saudi Arabia Vietnam 104

TechCrunch

SEPTEMBER 5, 2022

The Singapore-based company announced today it has raised $44 million in Series C funding led by returning investors Itochu Corporation, which put in $32 million. The new capital brings Docquity’s total raised to $57.5 The rest of the round came from investors including iGlobe Partners, Alkemi, Global Brain, KDV and Infocom.

United Arab Emirates 76

United Arab Emirates Professional Saudi Arabia Community 76

TechCrunch

MARCH 22, 2022

Less than seven months after closing on a $57 million Series B , fast-growing fintech Jeeves has raised $180 million in a Series C round that values the company at $2.1 Financial technology companies raising multiple rounds in a short period of time has become more the norm than an exception as of late. billion valuation.

Raise 98

Raise Saudi Arabia Mexico Colombia 98

The Verge

JULY 9, 2020

and Karma Automotive, two electric vehicle startups with a long shared history, each announced this week that they’ve raised millions of dollars. Fisker has taken in $50 million of fresh capital from “hedge fund king” Louis Bacon and Karma Automotive has raised $100 million from undisclosed “outside investors.”. Fisker Inc.

Raise 80

Raise Saudi Arabia Los Angeles Public 80

TechCrunch

FEBRUARY 28, 2022

Volopay , a Singapore-based fintech startup, raised a $29 million Series A in debt and equity financing as it seeks to further expand its footprint in Asia-Pacific, the Middle East and North Africa. . To date, Volopay has raised approximately $31.4 Volopay’s Series A round, for example, was led by JAM Fund, an existing investor.

Singapore 91

Singapore Saudi Arabia Asia UAE 91

TechNode

DECEMBER 18, 2023

billion capital injection, as the Abu Dhabi-controlled fund raised its bet on the Chinese electric vehicle maker following a $1.1 Saudi Arabias Ministry of Investment is set to invest $5.6 NIO said on Monday that it had signed a share subscription agreement with CYVN Holdings for a $2.2 billion investment in July.

United Arab Emirates 52

United Arab Emirates Saudi Arabia Fund Government 52

TechCrunch

OCTOBER 31, 2021

Summer batch graduate ShipBlu is the latest on that list and confirmed to TechCrunch that it has raised $2.4 million in seed funding. Over 100 million people live in the North African country compared to Saudi Arabia’s 30 million+ people, yet the e-commerce market in Egypt is a third of Saudi Arabia’s.

Egypt 119

Egypt Service Saudi Arabia UAE 119

TechCrunch

AUGUST 10, 2022

.” 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 Saudi Arabia’s state oil company Aramco, led the new capital infusion.

Saudi Arabia 75

Saudi Arabia China New York International 75

TechCrunch

JUNE 28, 2022

The last time we covered Vezeeta was in 2020, when it raised $40 million in Series D funding (the joint largest single healthtech round in Africa alongside Reliance Health ) from Gulf Capital and Saudi Technology Ventures (STV).

Saudi Arabia 82

Saudi Arabia Egypt Africa Personal 82

The Verge

MAY 25, 2021

Electric vehicle startups have raised an absurd amount of money in the last year by merging with special purpose acquisition companies , or SPACs. Ohio-based Lordstown Motors raised nearly $700 million when it went public late last year and has backing from America’s largest automaker, General Motors. Image: Lordstown Motors.

Raise 75

Raise Saudi Arabia California Public 75

TechNode

FEBRUARY 5, 2024

Chinese electric vehicle maker Human Horizons has failed to raise the new capital it needed from Middle East investors, spurring the recent closing of two showrooms and prompting the firm to look at cutting headcount in some departments to reduce costs and attempt to remain in business, souces told Chinese media outlet Caixin on Sunday.

Saudi Arabia 52

Saudi Arabia Job Report Knowledge 52

Beth's Blog: How Nonprofits Can Use Social Media

MARCH 19, 2012

E-Mediat is funded by the Middle East Partnership Initiative (MEPI) of the United States Department of State with support and in-kind donations from Microsoft, Cisco and craigslist Charitable Fund. N2VLabs provides support for the best of the best Arabia geeks who have a promising technology idea or social platform.

Jordan 129

Jordan Morocco Saudi Arabia Lebanon 129

TechCrunch

FEBRUARY 17, 2022

Freterium , a startup based in Morocco, is one such company providing this software, and it has raised $4 million in seed to scale across the country and into surrounding regions. . CDG Invest, Y Combinator, Flexport, Swiss Founders Fund, Outlierz Ventures, and a few angel investors from the U.S., Europe, Asia, and Africa participated.

Software 80

Software Saudi Arabia Africa Egypt 80

TechCrunch

OCTOBER 31, 2022

Circle of friends : Egyptian fintech Money Fellows banked $31 million in new funding to, what Tage describes as, “digitizing money circles,” which is where people essentially save and borrow together as a group. The Middle East–based startup has raised $14.3 Startups and VC. million to date, Ivan reports.

Saudi Arabia 87

Saudi Arabia Saba UAE Twitter 87