In 2003 Itworx Education was officially established as a division of its much older parent company, Cairo-based IT service firm Itworx. At the crux of its strategy was a focus on on-boarding governments and private sector conglomerates in EMEA’s education tech space. The company owes a great deal of its growth to a robust and global […]
Tag: Startup
Movesouq closes $3M round – Wamda
Home services marketplace Movesouq has closed a funding round of $3 million. The round was led by Addventure, an international VC out of Russia that focuses primarily on service marketplaces. In a statement released today, Movesouq said that they would be using the funding “to strengthen its products and services, and expand its services to […]
Wrappup closes $800K investment round
Wrappup, an app that solves time wasting meetings by recording and flagging the important moments, has closed a seed round of $800,000. The round, led by Beco Capital, also includes 500 Startups, Arzan VC, Dubai Silicon Oasis, Hala Fadel, Dubai Angel Investors, Odin Financial Advisors, and Womena. In a statement released today, founder and CEO […]
Nice and slow: Ekar launches with the watchful blessing of UAE authorities
Earlier this year, UAE news outlets were abuzz with the launch of Udrive, a car rental app running on a pay-per-minute scheme. Clickbait headlines on March 15 spoke of “rent-a-car for just 50 fils” models through an app that “will probably stop you using a taxi ever again” in Dubai. Only days into its launch, […]
From mortgages to Nancy Ajram, one man makes his digital mark on pop culture
Celebrity beta website Najem is three-months old and dedicated to the lifestyles of MENA’s rich and famous. Think Buzzfeed with glamor. So far they’ve engaged 200,000 fans across social media platforms. A product of a well- oiled media machine, Vinelab, is looking to see what the Arabic speaking audience wants from the stars and starlets […]
NYUAD Idea Lab rebrands to Start AD
Initially created to help students, New York University Abu Dhabi’s Idea Lab will be known as Start AD starting this month. The name change is in sync with the launch of an entrepreneurial literacy program aimed at “building the capacity in the community and connecting outside of our bubble here,” said Robyn Brazzil, program manager […]
Could this Dubai startup have produced the world’s thinnest smartphone?
A Dubai-based startup claims to have manufactured the thinnest smartphone available worldwide, with a width of 4.6 mm (a little more than half of that of the iPhone 6) using carbon fiber technology. Virtual reality engineer and cofounder of Carbon Works, Firas Khalifeh, believes that he and cofounder Jorge Martins have cracked the carbon fiber […]
Dubai-based The Luxury Closet closes Series B round of $7.8M
The Luxury Closet has closed a Series B round of $7.8 million. Led by Wamda Capital, the investment is one of the highest in MENA this year. The round includes Middle East Venture Partners (MEVP), who have been investing in the company since 2012, Equitrust, Saned Partners, Arzan Venture Capital and several other regional investors. […]
Compareit4me closes $2.4M funding round
The financial comparison site Compareit4me.com has closed a funding round of $2.4 million. According to a statement released by the company Sunday they will be using the money to grow the business across the UAE and aid its expansion plans across the MENA region. Led by Wamda Capital and STC Ventures, the round also included […]
WiSTEM 2016
WiSTEM 2016 Source : Wamda.com