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Following this growth, it is planning on expanding to Egypt and the UAE, while doubling down on SaudiArabia, 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 SaudiArabia, and RAED Ventures, with participation from MENA focused VC firm Wamda Capital. “We
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 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.
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. The company has over 1.1
This investment comes a year after the company raised a $2.5 million round, which takes its total investment raised to $9.2 As co-founder and COO at Lynks, Ezzat was responsible for logistics, international clearance and last-mile delivery. increase from when it raised its previous round, Ezzat stated. China and the U.K.
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.
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.
Within this timeline, he interned at several companies in Palo Alto, California. 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. Yahya Bouhlel started coding in his early teens.
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 It has also set up internal compliance and pharma co-vigilance team to ensure privacy and security.
After penetrating the Japanese market, Riiid will gear up to enter other international regions, including Central and East Asia, the spokesperson added. . 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.
.” 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.
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
Summer batch graduate ShipBlu is the latest on that list and confirmed to TechCrunch that it has raised $2.4 It delivers packages of all kinds for merchants and retailers — ranging from mom and pop stores and social media to fashion retailers who make thousands of shipments and international brands — to customers in Egypt.
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.
Couriers deliver goods using a combination of Fenix’s shared e-scooters and internal e-mopeds. 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.
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. . Only B2B e-commerce startup Chari and proptech Mubawab has raised more recently. San Fransisco-based investor Partech led the round.
register people to vote, encourage involvement in elections, raise money for. election monitoring Macedonia and Kenya; among women voters in SaudiArabia, and. Mobile phones have become a powerful emerging tool for. participation in civil society. Around the world mobile phones are used to. Mobile phones are widespread,???
The reasons were unclear, as both parties didn’t publicly comment on the situation; however, from various local news outlets, they ranged from mismanagement of funds to failure to report to the board and work out a potential merger, as well as internal disagreements over management methods. Founders versus investors.
Amnesty International ran detailed forensics on 67 smartphones to look for evidence that they were targeted by Pegasus spyware — and 37 of those phones tested positive. According to Forbidden Stories , NSO’s contract with SaudiArabia alone is worth up to $55 million. But many crucial details still aren’t clear.
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
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 SaudiArabia this year) is one of Paymob’s objectives following this raise.
The program is managed by the Institute of International Education (IIE), and implemented with a coalition of leading new media experts and local and international partners from the public and private sectors. E-Mediat is working with more than 220 NGOs in Jordan, Lebanon, Morocco, Tunisia, and Yemen.
Neom, the insane urban development project in SaudiArabia, appears to be sinking faster than the giant holes they keep digging in the middle of nowhere. Now the WSJ has uncovered an internal audit that reveals evidence of deliberate manipulation of finances by management to justify rising cost estimates. Just nine years away.
The International Maritime Organization, which regulates international shipping, set a target for the sector to reach net-zero greenhouse gas emissions by about 2050 , and committed to ensuring that fuels with zero or near-zero emissions are used more widely. Most emissions are tackled domestically.”
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