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.

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TechCrunch

MAY 17, 2021

and Middle East VC firm Silicon Badia led the round , with participation from 4DX Ventures, Plug and Play Ventures, Wealth Well VC, Khwarizmi VC, as well as other regional and global investors. . This investment comes a year after the company raised a $2.5 million round, which takes its total investment raised to $9.2

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TechCrunch

JULY 28, 2021

After its Egypt launch, Swvl expanded to Kenya, Pakistan, Jordan and Saudi Arabia. The company also moved its headquarters to Dubai as part of its strategy to become a global company. Per Crunchbase , Swvl has raised over $170 million. Swvl offerings have expanded beyond bus-hailing services.

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TechCrunch

MARCH 8, 2021

Since launching in Egypt, Koinz has expanded to Saudi Arabia and the UAE. Besides, consumers in the Middle East are outpacing the global appetite in food delivery, with 64% ordering in at least once a week compared to 40% made by global consumers. Like Egypt, these markets have similar dynamics and demographics.

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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.

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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

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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

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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.

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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 rest of the round came from investors including iGlobe Partners, Alkemi, Global Brain, KDV and Infocom. The new capital brings Docquity’s total raised to $57.5

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TechCrunch

JUNE 9, 2022

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. While there are various jobs in every facet of life, tech jobs are currently in high demand in the global economy these days.

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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 million since its inception in 2019, which includes its $2.1

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TechCrunch

APRIL 17, 2023

The global management consulting industry is worth billions of dollars but to this day it’s been tough to disrupt with technology. Intellia is an up and running startup which has raised $1.5m It’s now set to launch in Riyadh, Saudi Arabia and Lagos, Nigeria next month.

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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). Other platforms globally, as reported by Layoffs.fyi , include the likes of PharmEasy, Sami and Truepill. .

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TechCrunch

OCTOBER 31, 2021

Summer batch graduate ShipBlu is the latest on that list and confirmed to TechCrunch that it has raised $2.4 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. million in seed funding.

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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.

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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 The Middle East is becoming a major supporter of Chinese EV makers as the Gulf region, known for its oil and gas riches, looks to diversify the economy in preparation for a global transition to green energy.

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TechCrunch

MAY 31, 2022

The fact that we were able to do so much with so little is great evidence,” replied Mokhtar when asked how Appetito financed the acquisition, having raised just $2.5 Similar upstarts such as Rabbit have operations in Egypt and Saudi Arabia, while older players like Breadfast , though only operational in Egypt, runs more than 50 dark stores.

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The Verge

DECEMBER 23, 2020

Selling vehicles in Europe was an explicit goal of Byton, which was also founded in China but fancied itself as a “global automaker,” with offices in Germany and the US. Now, Nio is arguably the second-most successful electric vehicle company behind Tesla (though still a very distant one) and just raised another $2.6 billion itself.

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Beth's Blog: How Nonprofits Can Use Social Media

OCTOBER 16, 2006

Guide released today by MobileActive, a global network of organizations and. register people to vote, encourage involvement in elections, raise money for. election monitoring Macedonia and Kenya; among women voters in Saudi Arabia, and. registration, and election monitoring campaigns, finds a MobileActive Strategy.

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TechCrunch

AUGUST 28, 2022

At the same time, as the venture market slowed dramatically and suddenly, raising capital was much harder. In a press release , co-founder and chairman Amit Haller said “the challenging real estate and financial market conditions and unfavorable capital-raising environment” led to the decision to wind down operations. Ahem, Brex).

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TechCrunch

OCTOBER 27, 2022

Last September, Capiter raised $33 million in Series A funding to compete in the country’s growing B2B e-commerce and retail space. It was one of the largest of that stage, and things seemed to be going well with the company until it laid off multiple employees between June and July, citing global macroeconomic trends.

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The Verge

OCTOBER 7, 2021

Rivian has raised a lot of money — but will need a lot more. It is not new information that Rivian has raised more than $10 billion to date, but Rivian takes some time in the S-1 to shed light on how it has spent — and how it plans to spend — that money. In total, Ford has committed just shy of $1.24 billion to Rivian to date.

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TechCrunch

APRIL 27, 2023

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. CAGR growth over the same period.

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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.

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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.

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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

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TechCrunch

MARCH 27, 2022

On March 25, PitchBook released its 2021 Annual Fintech Report , which found that the fintech industry raised $121.6 billion last year — up 153% year-over-year in terms of global VC deal value. It also operates in the corporate spend and expense management space, with more of a global footprint and infrastructure component.

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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. It anticipates raising another $5 million to $10 million in the current round. Business outlook.

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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.

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TechCrunch

APRIL 8, 2021

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. The total raise of $18.5 Regional expansion (with an imminent entry into Saudi Arabia this year) is one of Paymob’s objectives following this raise.

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TechCrunch

OCTOBER 7, 2021

Riiid has said it will continue to fuel its global expansion with the funding. . This acquisition is the first step in an inorganic strategy to ultimately apply Riiid’s AI technology to the global market and help more learners around the world.” . Riiid has been actively penetrating the global market since 2020 after it opened the U.S.

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The Verge

JULY 23, 2021

Still, an Amnesty International statement raised concerns that the company is providing spyware to oppressive governments, where government agencies can’t be trusted to do right by their citizens. According to Forbidden Stories , NSO’s contract with Saudi Arabia alone is worth up to $55 million.

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TechCrunch

MAY 24, 2021

The funding is coming at a high-watermark moment for edtech — with the shift to remote learning in the last year of pandemic living highlighting the opportunity to build better tools to serve that market, and a number of startups in the category subsequently raising hundreds of millions of dollars to tackle the opportunity.

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TechCrunch

MAY 2, 2022

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

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