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Middle East Data Insight (Year-End 2018)
EMPEA Members, log in and click through for your exclusive access to the detailed report and underlying data. Managers deployed USD516 million in the Middle East in 2018, representing a 102% year-over-year
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Industry News
Crowd Analyzer Secures USD3.5 Million Series A from TechInvest, Wamda, Arzan, Faith, and Daring
UAE-based media monitoring platform Crowd Analyzer has raised USD3.5 million in a Series A investment round led by Middle East-focused private investor TechInvest. Other participants in the round include venture
Read MoreISSF and Ibtikar Fund Invest in Mecal
Jordan-based product design and e-commerce company Mecal has received funding from Middle East-focused venture capital firm Ibtikar Fund and Jordan-focused government-backed vehicle the Innovative Startups and SMEs Fund (ISSF). Mecal
Read MoreMEVP and Impact46 Lead USD6.6 Million Series A for Nana Direct
Venture capital fund manager Middle East Venture Partners (MEVP) and Saudi Arabia technology-focused asset manager Impact46 have led a USD6.6 million Series A investment in Nana Direct, a Saudi Arabia-based
Read MoreBSynchro Secures USD1 Million Investment from Berytech and Phoenician Funds
Lebanon-based insurance technology company BSynchro has raised USD1 million from Lebanon-focused venture capital firms Berytech Fund and Phoenician Funds. Founded in 2005, the company provides software development and consulting services
Read MoreGulf Capital Acquires 70 Percent Stake in Medica
Middle East- and Africa-focused alternative investment firm Gulf Capital has acquired a 70 percent stake in Medica Holding, a United Arab Emirates-based provider of aesthetic, cosmetic, and dermatological equipment and
Read MoreGeneral Atlantic Invests in Property Finder and QuintoAndar (Latin America, Middle East)
U.A.E.-based real estate classifieds portal Property Finder has raised US$120 million in an investment round led by global growth equity fund manager General Atlantic. Existing shareholder Vostok New Ventures also
Read MoreGulf Capital to Sell DOTW for US$173 Million (MENA)
Australia-based online travel site Webjet has agreed to acquire Dubai-based business-to-business (B2B) accommodation wholesaler Destinations of the World (DOTW) from Middle East- and Africa-focused alternative investment firm Gulf Capital, as
Read MoreAfricInvest Reaches Second Close for Maghreb Private Equity IV (MENA)
Pan-African private equity fund manager AfricInvest has held a second close for Maghreb Private Equity IV with EUR172 million (approximately US$199 million) in capital commitments. New investors in the fund
Read MoreB Investments Acquires 53 Percent Stake in Gourmet Group for US$7 Million (MENA)
B Investments, an Egypt-listed investment platform affiliated with private equity firm BPE Partners, has invested EGP125 million (approximately US$7 million) for a 53 percent stake in Gourmet Group, an Egypt-based
Read MoreEmirates Investment and Development Center and i-Cell Telecom Group Invest USD1.4m in Seed Round for Lorryz
Emirates Investment and Development Center and i-Cell Telecom Group made a USD1.4m investment in Dubai-based online freight marketplace Lorryz. Read more»
Read MoreDubai Cultiv8 Invests in Dubai Delivery Startup Fodel
Dubai Cultiv8, a wholly-owned subsidiary of Mohammed Bin Rashid Fund for SMEs, made an undisclosed investment in Dubai-based last-mile delivery startup Fodel. Read more»
Read MoreIbtikar Fund Leads Pre-Series A in Palestine Startup Gamiphy
Ibtikar Fund led an undisclosed pre-Series A investment in Palestine-based gamification startup Gamiphy with participation from Kuwait-based Al Mohallab Kuwait Real Estate Company and Al-Joud Kuwait Holding Company. Gamiphy completed
Read MoreB&Y Ventures and Cedar Mundi Ventures Lead USD1.2m Seed Round for Beirut Dental Startup Basma
Beirut-based digital dental startup Basma secured USD1.2m in a seed funding round led by Lebanese VC firms B&Y Venture Partners and Cedar Mundi Ventures, with participation from iSME and angel
Read MoreKIPCO Leads USD8.4m Series A for Dubai Fintech Sarwa
Investment holding company Kuwait Projects Company (KIPCO) led a USD8.4m Series A in Dubai-based investment advisory platform Sarwa. The Dubai International Financial Center, Abu Dhabi Investment Office, Vision Ventures, Phoeanician
Read MoreFMO Leads USD6m Investment in Jordanian Fintech Liwwa
Dutch development finance institution FMO led a USD6m investment in Jordan-based fintech Liwwa, with participation from Wamda Capital, 500 Startups, Edgo VC, and EFG-EV. Read more
Read MoreWamda, Phoenician Funds, and B&Y Invest in USD6m Series A for Dubai’s Seez
Middle East- and North Africa-focused venture capital fund manager Wamda Capital, Lebanon-focused venture capital firms Phoenician Funds and B&Y have participated in a USD6m Series A funding round for Dubai-based
Read More500 Startups, Derayah Venture Fund, and MEVP Lead USD5m Series B for Bahrain’s Eat
500 Startups, Derayah Venture Fund, and MEVP led a USD5m Series B for Bahrain-based restaurant booking application Eat. Read more
Read MoreIFC Leads USD125m Financing Package for UAE Healthcare Company Humania
The International Finance Corporation is the lead arranger for a USD125m Islamic financing package to UAE-based private healthcare company Humania. IFC will provide Humania with a USD35m Islamic facility. The
Read MoreWamda and Nour Nouf Knowledge Invest USD1.5m in Saudi Edtech Aanaab
Middle East- and North Africa-focused venture capital fund manager Wamda Capital and Saudi Arabia-based foundation Nour Nouf Knowledge Company have invested USD1.5m in Saudi edtech Aanaab. The platform offers professional
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