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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
Leap Ventures Exits Lebanese Drone-Based Solutions Company NAR Technologies via Sale to B3bar
Leap Ventures has exited Lebanon-based tech-enabled drone inspection management company NAR Technologies via a sale to US-based B3bar. Read more
Read MoreEnko Capital Managers to Exit Dubai’s Logistics Company AMI Logistics
Enko Capital Managers has agreed to sell its minority stake in Dubai-based logistics company AMI Logistics to CEVA Logistics, a subsidiary of CMA CGM. AMI’s founders have also agreed to
Read MoreBECO Capital and Tamer Group Invest USD15m in Dubai’s Logistics Startup Fetchr
BECO Capital, Tamer Group, and French shipping company CMA CGM have invested USD15m in Dubai-based logistics startup Fetchr. The funding, which could rise to as much as USD25m, is part
Read MoreWamda and Anova Invest in Seven-Figure Seed Round for Dubai’s Ureed
Wamda Capital and Anova Investments led an undisclosed seed investment in Dubai-based freelance marketplace Ureed. Read more
Read MoreOTPP, GIC, GIP, Brookfield, NH Investments & Securities, and Snam Invest USD10.1b in ADNOC Gas Pipeline Assets
A consortium of investors including Ontario Teachers’ Pension Plan Board (OTPP), Singaporean sovereign wealth fund GIC, Global Infrastructure Partners (GIP), Brookfield Asset Management, NH Investments & Securities, and Italy’s Snam
Read MoreWa’ed Ventures and BECO Capital Lead USD25m Investment in Robo-Advisor Wahed
Saudi Arabia-based Wa’ed Ventures, the venture capital arm of Saudi Aramco Entrepreneurship Center, and technology-focused VC BECO Capital led a USD25m investment in Sharia-compliant robo-advisory platform Wahed, with participation from
Read MoreImpact46 Leads USD36m Series A for Saudi Food Delivery Startup Jahez
Saudi VC Impact46 led a USD36m Series A for Saudi Arabia-based food delivery startup Jahez. Read more
Read MoreAlgebra Ventures Leads USD3.5m Pre-Series A for Egyptian Social Commerce Platform Brimore
Middle East-focused fund manager Algebra Ventures led a USD3.5m pre-Series A for Egypt-based social commerce platform Brimore, with participation from existing investors 500 Startups and Flat6Labs, and from new investors
Read MoreIbtikar Fund Makes Seed Investment in Palestinian Meditation App Tawazon
Middle East-focused venture capital firm Ibtikar Fund has made an undisclosed seed investment in Palestine-based meditation app Tawazon. Read more
Read MoreFaith Capital Participates in Secondary Share Offering for Dubai’s Online Gift Card Distribution Company YouGotaGift
Kuwait-based VC Faith Capital has announced its participation in the secondary share offering for Dubai-based e-gift card distribution company YouGotaGift. Read more
Read More500 Startups and Saudi Venture Capital Lead Seed Round for Saudi SaaS Company Taker
Global VC 500 Startups and Saudi Venture Capital have invested an undisclosed amount in a seed round for Saudi SaaS company Taker. Read more
Read MoreShorooq Partners Leads USD5.8m Series A for Dubai’s VR Mobile App 360VUZ
UAE-based venture capital firm Shorooq Partners led a USD5.8m series A for Dubai-based virtual reality mobile app 360VUZ, with participation from KBW Ventures, Media Visions, Vision Ventures, Hala Ventures, and
Read MoreDubai’s Global Ventures Reaches USD50m Final Close for First Fund
Dubai-based VC Global Ventures has reached a USD50m final close for its first fund. Investors include Mubadala Investment Company, Abu Dhabi Investment Office, and the Public Investment Fund of Saudi
Read MoreGateway Partners Acquires 40% Stake in Tim Horton’s Gulf Franchise for USD50m
Dubai-based private equity firm Gateway Partners has acquired a 40% stake in the Gulf franchise of coffee and breakfast chain Tim Hortons through its Gateway Fund I. Gateway Partners reportedly
Read MoreWafra International Investment Company Leads USD20.6m Series A for UAE’s Agtech Pure Harvest Smart Farms
Kuwait-based asset management firm Wafra International Investment Company led a USD20.6m Series A for UAE-based agtech Pure Harvest Smart Farms. Wafra has invested USD10m in the company as part of
Read MoreRaed Ventures Leads USD6.6m Series A for Saudi Digital B2B Marketplace Sary
MENA-focused venture capital firm Raed Ventures led a USD6.6m Series A for Saudi Arabia-based digital B2B marketplace Sary, with participation from MSA Capital and Derayah Ventures. Read more
Read MoreASA Ventures Leads USD8m Seed Round for UAE’s E-Commerce Platform ZON
ASA Ventures led a USD8m seed investment for UAE-based mobile e-commerce network ZON. Read more
Read MoreSTV and MEVP Co-Lead USD18m Series B for Online Grocery Marketplace Nana with Participation from Wamda and Others
Saudi Technology Ventures (STV) and Middle East Venture Partners (MEVP) co-led a USD18m Series B for Saudi Arabia-based online grocery marketplace Nana. Wamda Capital, Watar Partners, Saudi Venture Capital Company,
Read MoreMEVP Leads USD1.4m Investment in Dubai Fintech Rise
Venture capital fund manager Middle East Venture Partners (MEVP) led a USD1.4m investment in Dubai-based fintech Rise, with participation from Dubai International Financial Center (DIFC) Fintech Fund, 500 Startups, Saudi’s
Read MoreArzan VC Reaches USD20m First Close for Second Fund
Kuwait-based Arzan Venture Capital has announced a USD20m first close for its second fund targeting Middle Eastern and North African startups. Investors include Saudi Public Investment Fund’s Jada, an additional
Read MoreOman Investment Corporation Reaches USD129.5m Final Close for Aman Healthcare Services Fund
Oman Investment Corporation has reached a OMR50m (approximately USD129.5m) final close for its Aman Healthcare Services fund. The vehicle will target the healthcare sector and plans to develop two specialized
Read MoreIbtikar Fund Leads Six-Figure Pre-Series A Investment for Palestine’s Receet
Middle East-focused venture capital firm Ibtikar Fund led a six-figure pre-Series A investment in Palestine-based digital receipt mobile app developer Receet with participation from Paltel Group. Read more
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
Read MoreThe Carlyle Group to Open Regional HQ in Abu Dhabi
The Carlyle Group has announced it will open its Middle Eastern regional headquarters in Abu Dhabi through a partnership with Abu Dhabi Catalyst Partners, a joint venture between Mubadala Investment
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 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 Leads USD3.5m Series A Follow-on for Jordan’s Tamatem
Middle East and North Africa-focused venture capital fund manager Wamda Capital led a USD3.5m Series A follow-on round for Jordan-based mobile games publisher Tamatem, with participation from Saudi Arabia’s Modern
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 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 MoreSanabil Investments, Gulf Investment Corporation, and Olayan Invest USD35m in UAE’s SellAnyCar.com
Saudi Arabia Public Investment Fund subsidiary Sanabil Investments, Gulf Investment Corporation (the partial sovereign wealth fund owned equally by the six Gulf Cooperation Council states), and Olayan Financing Company have
Read MoreGulf Capital Leads USD40m Series D for Middle East Healthtech Vezeeta
Middle East- and Africa-focused private equity fund manager Gulf Capital led a USD40m Series D for healthcare platform Vezeeta, with participation from existing investor Saudi Technology Ventures. Read more»
Read MoreKKR and Altavair Acquire Commercial Aircraft Portfolio from Etihad Airways for USD1b
KKR and Altavair AirFinance acquired a portfolio of commercial aircraft from Etihad Airways, the national airline of the United Arab Emirates for USD1b. The acquisition will be made through aircraft
Read MoreKnollwood and Lumia Capital Lead USD60m Series B for Dubai-based Startup Kitopi
VC firms Knollwood and Lumia Capital led a USD60m Series B round in Dubai-based shared kitchen and online food delivery platform Kitopi, with participation from new and existing investors including
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 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 MoreWamda Capital Invests in FlexxPlay
Middle East and North Africa-focused venture capital fund manager Wamda Capital has invested in UAE-based employee benefits provider Flexxpay. The investment is reportedly part of a larger funding round that
Read MoreWamda and Global Ventures Lead USD3 Million Series A Round for Floranow
Middle East-focused venture capital firms Wamda Capital and Global Ventures have led a USD3 million Series A investment in Floranow, a UAE-based business-to-business online floral marketplace. Other investors in the
Read MoreCrowd 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 MoreIbtikar Invests in Inggez
Palestine-based fitness application Inggez has secured an investment from Middle East-focused venture capital firm Ibtikar Fund. Inggez partners with a variety of gyms and fitness studios, offering users on-demand access
Read MoreSTV Leads USD23 Million Series A Round for TruKKer
Middle East- and North Africa-focused venture capital firm Saudi Technology Ventures (STV) has led a USD23 million Series A investment in TruKKer, a UAE-based digital trucking logistics platform. Other participants
Read MoreGlobal Founders Capital, Wamda Capital, and Arbor Ventures Invest USD2 Million in Tabby
Global seed- and growth-stage venture capital investor Global Founders Capital has led a USD2 million seed investment in Tabby, a UAE-based consumer finance platform. Other participants in the round include
Read MoreMubadala and Point72 Ventures Lead USD16 Million Series B Round for Bayzat
The private capital arm of Abu Dhabi state investor Mubadala Investment Company and venture capital firm Point72 Ventures have led a USD16 million Series B investment in Bayzat, a UAE-based
Read MoreWamda Capital Leads Series A Funding Round for Ziwo
MENA-focused venture capital fund manager Wamda Capital has led a Series A investment in UAE-based customer service software developer Ziwo. DTEC Ventures, the venture capital arm of co-working space and
Read MoreGobi Partners and Khwarizmi Ventures Lead Pre-Series A Investment in Melltoo
Venture capital fund managers Gobi Partners and Khwarizmi Ventures have led a pre-Series A investment in UAE-based online marketplace Melltoo. Other participants in the funding round include venture capital firm
Read MoreEMPEA Releases 2019 Mid-Year Industry Statistics
Download press release CHINA DECELERATION LEADS TO OVERALL SLOWDOWN IN EMERGING MARKET PRIVATE CAPITAL ACTIVITY Subdued investment in Asia’s largest market, as well as fewer large-cap pan-Asia funds raising capital,
Read MoreDPI and Convergence Partners Invest USD54 Million in Channel VAS
Africa-focused private equity firms Development Partners International (DPI) and Convergence Partners have invested USD54 million in Channel VAS, a UAE-based financial technology company. Channel VAS provides mobile financial, airtime credit,
Read MoreTell Group Reaches First Close for Tell Lebanon Infrastructure Fund
Tell Group, a private equity and corporate advisory firm focused on Europe, the Middle East, and North Africa, has reached a first close for Tell Lebanon Infrastructure Fund. The fund,
Read MoreWarburg Pincus, General Atlantic, and Emirates NBD Raise USD706 Million in Sale of Partial Stake in Network International
Global private equity fund managers Warburg Pincus and General Atlantic, along with Dubai-based financial services group Emirates NBD Bank, have sold 100 million shares in UAE-based payment services provider Network
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
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