TechCrunch

AUGUST 29, 2022

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 Saudi Arabia and Egypt. The company first raised a $4 million seed round last year.

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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

DECEMBER 8, 2020

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 Saudi Arabia, one of the world’s largest oil and gas producers, where Dragos has an office and now draws an investment.

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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 three-year-old Egypt-headquartered company also has offices in Saudi Arabia and Brazil; it just recently opened one in the latter.

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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

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. Image Credits : Zywa.

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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.

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TechCrunch

DECEMBER 9, 2021

El-Feky said when the company raises its next round of investment, expansion outside Egypt will be on the cards. Saudi Arabia. . “It The most likely destination? It is one of the most vibrant markets and populous markets and has similar demographics and consumer behaviour.

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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. BNPL payment startup Alma raises another $130 million round.

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TechCrunch

NOVEMBER 15, 2021

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 Saudi Arabia, the UAE and Bangladesh. In Saudi Arabia, for instance, only 3% of more than 1 million registered businesses have access to bank credit.

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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. That injection of cash, plus subsequent investments from the fund, have given Saudi Arabia majority ownership of Lucid Motors. (It

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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. This is the main target for us now and also to start operations in Saudi Arabia.”

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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

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.

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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

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 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.

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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.

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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.

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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

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.

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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

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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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

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 Docquity was created to help doctors collaborate in the same way, at scale, even if they live in different countries.

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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. This brings GOMYCODE’s total financing to $8.85 One of its investors from the seed round, Wamda Capital, doubled down in this new financing.

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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

OCTOBER 7, 2021

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 Saudi Arabia. Korea’s Riiid raises $175M from SoftBank to expand its AI-based learning platform to global markets. Canada, Brazil, and Vietnam. .

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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. We are exploring Saudi Arabia and expanding south into our continent.

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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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TechCrunch

APRIL 17, 2023

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. Plus, countries like India are famous for offering back-office and research work at scale. A YC company Apollo Group is also in this space, roughly speaking.

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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.

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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

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).

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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

MARCH 3, 2021

Behind this rationale is that the six-month-old startup is backed by Y Combinator and has also raised $850,000 which is just the first part of its multi-million-dollar pre-seed round that will close sometime this year. “We were able to very quickly get the acceptance of YC given the size of the opportunity we are focused on.

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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.

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