Industry News
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
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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
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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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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
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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
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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
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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
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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
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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
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Emirates Investment and Development Center and i-Cell Telecom Group made a USD1.4m investment in Dubai-based online freight marketplace Lorryz. Read more»
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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»
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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
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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
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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
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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
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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
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500 Startups, Derayah Venture Fund, and MEVP led a USD5m Series B for Bahrain-based restaurant booking application Eat. Read more
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