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Wamda Capital Leads US$5 Million Financing Round for Kharabeesh (MENA)

MENA-focused venture capital firm Wamda Capital has led a US$5 million financing round for Jordan-based online media producer Kharabeesh. Endeavor Catalyst, the philanthropically-funded co-investment vehicle of global investment and entrepreneurship network Endeavor, and seed investor DASH Ventures also participated in the round. Kharabeesh will use the new capital to expand in Dubai, Jeddah and Riyadh and develop its technology.