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Gulf Capital Acquires Majority Stake in UAE’s Intellectual Property Services Provider CWB

Gulf Capital has acquired a majority stake in CWB Group, an intellectual property services provider with operations in the Middle East and North Africa, for an undisclosed amount. Read more

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ADPF and ADQ to Invest USD2.1b in ADNOC Gas Pipeline Assets

The Abu Dhabi Pension Fund (ADPF) and UAE-based holding firm ADQ have agreed to invest USD2.1b in select Abu Dhabi National Oil Company (ADNOC) gas pipeline assets. Under the terms

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Shorooq Partners Leads USD2.3m Pre-Seed Round for Saudi B2B Marketplace Retailo

Shorooq Partners led a USD2.3m pre-seed round for Saudi Arabia-based B2B e-commerce marketplace Retailo, with participation for 500 Startups and 92 Ventures. Read more

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Newly Founded +VC Launches Debut MENA Fund

Sharif El-Badawi and Hasan Haider, former managing partners of 500 Startups’ Falcons Fund, have founded Plus Venture Capital (+VC) and launched its debut fund with a reported initial target of

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SHUAA Launches USD200m Financing Opportunities Fund

SHUAA Capital has launched SHUAA Financing Opportunities Fund with an initial target of USD200m. The vehicle, which targets special situations in the GCC, has attracted USD68m in commitments to date.

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500 Startups, Phoenician Funds, Others Invest USD1.8m Pre-Series A for Lebanese Edtech Synkers

500 Startups, Phoenician Funds, Kafalat iSME, Mulcan Investment, Seeders, Crescent Capital, and Dubai Angel Investors invested a USD1.8m pre-Series A for Lebanon-based edtech Synkers. The round was led by Dr.

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Wamda, Class 5 Global, and Others Make USD1.35m Seed Investment for Saudi SaaS Startup Penny Software

Wamda, Class 5 Global, Outliers VC, Plug and Play, and angel investors have made a USD1.35m seed investment in Penny Software, a Saudi Arabia-based software company for procurement management and

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Investcorp to Exit Partial Stake in Saudi Arabia’s Grocery Retail Operator BinDawood via IPO

Investcorp has agreed to partially exit its stake in Saudi Arabia-based grocery retail operator BinDawood via the company’s upcoming IPO on the Saudi Stock Exchange Tadawul. Shareholders including Akasiya Star

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Faith Capital Invests USD8m Series B for Kuwait’s Laundry Marketplace Platform JustClean

Faith Capital Holding has invested a USD8m Series B for Kuwait-based laundry marketplace platform JustClean. Faith Capital acquired the startup in 2017. Read more

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Apollo Global Management-Led Consortium to Acquire 49% Stake in UAE’s ADNOC Property Leasing Unit for USD2.7b at USD5.5b EV

A consortium of investors led by Apollo Global Management has agreed to acquire a 49% stake in UAE-based Abu Dhabi Property Leasing Holding Company, a wholly owned affiliate of ADNOC,

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Delivery Hero Acquires UAE’s E-Grocery Startup InstaShop for USD360m, Jabbar Internet and VentureFriends Exit

Delivery Hero has acquired Dubai-based grocery delivery marketplace InstaShop for USD360m, facilitating an exit for early backers Jabbar Internet Group and VentureFriends. Read more

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National Talents, IM Capital, and DHV Partners Invest USD520k in Pre-Series A for Dubai Edtech Geek Express

Saudi-based National Talents, Lebanon’s IM Capital, DHV Partners, and an unnamed angel invested USD520k in Dubai- and Beirut-based Geek Express, an edtech that provides online and offline STEAM education to

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971 Capital Leads USD20m Investment in Dubai’s Insurtech Sehteq

UAE-based VC 971 Capital led a USD20m investment in Dubai-based insurtech Sehteq. Read more

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Wamda, EQ2 Ventures, and Nuwa Capital Lead USD2.5m Pre-Series B for Dubai’s Eyewear E-Commerce Platform eyewa

Wamda, EQ2 Ventures, and Nuwa Capital led a USD2.5m pre-Series B bridge round for Dubai-based eyewear e-commerce platform eyewa. Read more

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Arzan VC, AlTouq Group, and Nazer Group Lead USD5m Pre-Series A for Dubai’s Cloud Kitchen Operator iKcon

Arzan VC, AlTouq Group, and Nazer Group led a USD5m pre-Series A for iKcon, a Dubai-based cloud kitchen operator active across the UAE. Read more

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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

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Enko 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

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BECO 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

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Wamda 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

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OTPP, 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

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Wa’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

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Impact46 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

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Algebra 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

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Ibtikar 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

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Faith 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

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500 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

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Shorooq 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

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Dubai’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

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Gateway 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

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Wafra 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

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Raed 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

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ASA 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

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STV 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,

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MEVP 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

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Arzan 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

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Oman 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

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Ibtikar 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

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Wamda 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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The 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

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Wamda, 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

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IFC 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

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Wamda 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

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FMO 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

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500 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

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Sanabil 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

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Gulf 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»

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KKR 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

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Knollwood 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

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Ibtikar 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

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B&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

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KIPCO 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

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Emirates 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»

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Dubai 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»

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