Saudi Arabia’s Nawel closes $1 million Seed round News • 08 January, 2024 Edit Arabic Saudi Arabia-based logistics solutions provider Nawel has closed a Seed round of $1 million, led by Nomad Holdings, with participation from angel investors. Founded in 2022 by Mohamed Boulcherf and Nawaf Al Shalani, Nawel utilises unused spaces within […]
Buzzy
Saudi healthtech startup Clinicy raises Series A round
Saudi healthtech startup Clinicy raises Series A round News • 08 January, 2024 Edit Arabic Saudi Arabia-based healthtech startup, Clinicy, has raised a seven-figure Series A round, led by Middle East Venture Partners (MEVP), with participation from existing shareholders including Kafou Group and Fadeed Investment. Clinicy was founded in 2017 by Prince Mohammed […]
Maalexi raises $3 million in pre-Series A led by Global Ventures
Maalexi raises $3 million in pre-Series A led by Global Ventures News • 08 January, 2024 Edit Arabic UAE-based agriculture-focused fintech Maalexi, has closed $3 million in pre-Series A funding. The round was led by Global Ventures, joined by existing investors Rockstart and Ankurit Capital. Founded in 2021 by Azam Pasha and Rohit […]
SpiderSilk raises $500,000 – Wamda
SpiderSilk raises $500,000 News • 08 January, 2020 Edit Source: MENAbytes Dubai-based cybersecurity startup SpiderSilk has raised $500,000 seed in a round led by Global Ventures, and joined by FutureTech and some angels including Careem co-founder Magnus Olsson, the startup told MENAbytes today. Founded last year by Rami El Malak who has previously founded and led different […]
noon cosies up to China
noon cosies up to China Wamda • 07 January, 2020 Edit There are a few areas in Dubai and Abu Dhabi where self-driving vehicles branded with the noon logo, slowly drive along a pre-determined path. They were introduced by the UAE-based e-commerce platform late last year, a result of a partnership drawn up in July […]
What’s next for Dubai’s startup ecosystem? [Wamda TV]
What’s next for Dubai’s startup ecosystem? [Wamda TV] Wamda • 07 January, 2015 Edit By all accounts, the Dubai – and regional – startup ecosystems have made great strides in recent years. Alvaro Abella, Managing Partner at BECO Capital, reported during Wamda’s Mix N’Mentor in Dubai last month, that the most prominent theme he’d picked up […]
Jahez lists on Nomu with market cap of $2.4 billion
Jahez lists on Nomu with market cap of $2.4 billion News • 05 January, 2022 Edit Arabic Saudi Arabia-based food ordering platform Jahez has officially listed on Saudi Exchange’s Parallel Market (Nomu), with a market capitalisation of $2.4 billion. Jahez is the first Saudi startup to offer an IPO on a local public exchange. […]
NearPay raises $600,000 pre-seed – Wamda
Saudi Arabia-based financial technology (fintech) startup NearPay, has raised a $600,000 (SAR 2.2 million) pre-seed round, led by Saudi angel investor Musaab Hakami alongside other angel investors. Founded in early 2020, NearPay offers an NFC technology-enabled point-of-sale (POS) software solution for small businesses, enabling merchants to accept customer payments directly on their phones. NFC technology […]
Anghami raises investment from SHUAA Capital
Lebanon-based music streaming platform Anghami, has raised a fresh investment from UAE-based investment firm SHUAA Capital alongside other undisclosed private investors. The announcement was made by Jassim Alseddiqi, chief executive officer (CEO) at SHUAA Capital via LinkedIn. The terms and value of the deal were not disclosed. This marks Anghami’s fourth investment raise to date. […]
Verofax raises $1.5 million in pre-Series A round
Verofax raises $1.5 million in pre-Series A round News • 04 January, 2022 Edit Arabic UAE-based blockchain provider Verofax Limited has raised $1.5 million in its pre-Series A round, led by Benson Oak Ventures, with 500 Global, Wami Capital, and Vernalis Capital. Founded in 2018 by Wassim Merheby and Jamil Zablah, Verofax provides […]