Gifty Owusu

Gifty Owusu is a Journalist with a multidisciplinary background holding a Bachelor of Arts Degree in Journalism from the University of Media, Arts, and Communication in Ghana.

Funding

Scalo Technologies Leads $3.5 million Investment For Polish Gaming Startup Hexacore

Scalo Technologies has led a $3.5 million investment round for Hexacore, a Polish web3 mobile game publisher. Other investors that participated are Xsolla, Estoty and some angel investors. The funds will be used to grow the team, scale Hexacore's mobile games, and add new features including in-app purchases, NFT

Funding

UAE's Tenderd Receives Undisclosed Investment From Aramco's Wa'ed

UAE-based construction startup Tenderd has received an undisclosed funding round from Aramco's Wa’ed Ventures. The investment will help Tenderd to scale its operations and develop more sustainable technologies for manufacturers. Chief Executive of Tenderd, Arjun Mohan said, "With Wa’ed Ventures' investment, we will be able to evolve industrial

Funding

UAE's E-commerce Startup YallaHub Secures $6 Million In Pre-Series A Round

UAE-based marketplace aggregator YallaHub has secured a $6 million pre-Series A round. The new round was co-led by numerous MENA-focused private investors such Fedor Ovchinnikov, founder of Dodo Brands; Regolith, an ecosystem for financial and investment instruments, and others.   The fresh funds will be geared towards improving the IT platform

Funding

UAE Mobility Startup ONE MOTO Technologies Raises $40 million In Lease Financing

UAE-based mobility startup, ONE MOTO Technologies has raised $40 million in lease financing to accelerate its offering of electric delivery vehicles in the UAE. The round was led by Pyse along with other prominent investors who value the potential of electric vehicle (EV) adoption in the rapidly growing delivery sector.

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Funding

Bahraini Student Startup, Unipal, Secures $500,000 Follow-on Investment For Saudi Expansion

Funding

UAE Healthtech Startup Alma Health Secures $10M Series A Funding

UAE-based direct-to-patient digital healthcare company Alma Health has secured $10 million in a Series A funding. The round was co-led by Knuru Capital and Hambro Perks Oryx Fund. Other investors that participated in the round include: e& Capital, S3 Ventures, Pinnacle Capital, and Khwarizmi Ventures, while KCP Capital acted as

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Report

MENA Agritech Report H1 2023

The MENA VC ecosystem witnessed a slow start in 2023, with funding declining by 13% YoY, and deals plummeting by 55%. In the first half of 2022, the highest funding deal was recorded in February with $375 million

Investment

Morocco's Chari Receives $1.5 Million To Scale Its Growth

The investment will give the company the boost it needs to carry out its expansion strategies and build up its ground-breaking infrastructure for financial services for the general public.

Daily

Saudi's VMS Acquires Stake In Egyptian Accelerator Cash Cows

Saudi Arabian Venture Studio VMS has acquired a minority stake in Egypt-based start-up accelerator Cash Cows. The deal forms a strategic partnership that will boost the entrepreneurial ecosystem in both countries. According to a statement made by Cash Cows on Sunday, the alliance aims to pool resources, expertise, and support

Funding

UAE Logistics Startup Transportr Completes Eight-Figure Seed Round

Transportr, a UAE- based logistics platform, has completed its eight-figure seed funding round. The investment was led by the VC arm of Ittihad International Investment, Ittihad Ventures Holding along with Industrial Capital Group. The startup is currently getting ready for its Series A fundraising round, which will be utilized for

Funding

UAE’s HashMove Secures Pre-Series A Round For Saudi Expansion

UAE-based logistics platform HashMove has secured an undisclosed pre-Series A round from Bahrain’s Bunat Ventures with participation from a Saudi business group. HashMove will use the fresh funding to expand and relocate its headquarters to Riyadh in Saudi Arabia. The company has already made news by signing an agreement

Startups

Egypt's Fashion E-commerce Startup The Fashion Kingdom (TFK) Announces Acquisition Of Fashion Brand OPIO

Egypt's leading fashion e-commerce,  The Fashion Kingdom (TFK) has acquired OPIO, a direct-to-consumer (D2C)  fashion brand. This deal will see both TFK and OPIO bring on board their expertise, resources, and brand portfolios to create a powerhouse fashion group. In the company's quest to create "THE FASHION KINGDOM," an all-in-one

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Features Featured

How UAE's Realiste Is Changing The Real Estate Industry

Funding

Egypt's Fintech Agel Secures Seven Figure Pre Seed Round To Obtain License

Egyptian fintech startup Agel has secured a seven-figure pre-Seed round to allow it run as a licensed non-banking financial institution, develop its product, as well as expand across Egypt. The fresh funds will also be used to rollout a merchant co-branded banking card service in partnership with Abu Dhabi Islamic

Startups

UAE-based E-commerce Startup InstaShop Buys B2B Marketplace GroCart

MENA's leading online marketplace, InstaShop has bought UAE-based B2B wholesale marketplace service, GroCart. However, the value of the acquisition was not disclosed. The deal affirms Instashop's commitment to expand its online market presence. The acquisition of Grocart marks a significant milestone as InstaShop is bent on becoming the number one

Funding

Moroccan Logistics Startup Colis.ma Raises $50,000 From Kenya’s Accelerator The Baobab Network

Moroccan logistics startup Colis.ma has raised $50,000 from Kenya’s The Baobab Network as part of its accelerator program.  The recent cohort of the accelerator program broadens the Baobab Network portfolio by adding five new start-ups from Morocco, Kenya, Guinea, Nigeria, and Togo. In addition to the cash

Investment

Jada Fund Of Funds Commits To Investcorp’s $500M Saudi Pre-IPO Growth Fund

Saudi-based Jada Fund of Funds, a subsidiary of the Public Investment Fund (PIF) has made financial commitments in Investcorp’s $500 million Saudi pre-IPO growth fund. Launched in 2022, the fund invests in a diversified portfolio of companies, based in Saudi Arabia that wish to access the public capital markets

Daily

Bahraini Angel Investor Tenmou Makes 6X Return On Exit Of Five Portfolio Startups

Bahrain’s first Angel Investment Company, Tenmou has achieved a remarkable exit with Six times return on initial investment from Five of its portfolio startups. This record was achieved by the startup in an average of less than four years, which is much faster than the market's average exit multiple,

Features

Meet Klickit: The Startup Transforming Payments In Egypt's Educational Sector

Fintech, or financial technology, has rapidly evolved in Egypt in recent years. The government and various organizations have been actively promoting the development of the fintech sector as part of their efforts to modernize the financial industry and promote financial inclusion. Day in, day out entrepreneurs delve in deep to

Features

Avanz Capital Egypt Invests $3.5 Million In Logistics Startup Trella, Launches Two New Funds

Avanz Capital Egypt, a subsidiary of I Squared Capital International has invested $3.5 million in logistics startup Trella. In addition to the investment, the VC is launching two new funds and a commitment to investing in existing funds and companies. This investment makes Trella a significant player in the

Features

A Dive Into Turkey's Vibrant Gaming Industry

Turkey has been making significant progress in the gaming industry in recent years. The industry continues to evolve and expand, driven by talented developers, a growing market, and increasing government support. The country has seen a growing number of game developers, studios, and events that contribute to the overall gaming

Funding

Saudi's B2B Autobia Secures Seed Funding For Service Expansion

Saudi-Arabia-based business-to-business (B2B) platform Autobia has secured $2.5 million in a seed funding round. The investment was led by Sadu Capital and received participation from Wa’ed Ventures by Aramco, Raz Holding, Techstars, and a group of angel investors. The latest investment will enable Autobia to expand within Saudi

Features

World Environment Day: Meet Nadeera, The Startup Making Recycling Easy

As the world celebrates Environment Day, sustaining the environment to address climate change remains a priority. However,  technology startups are not left out of the game, today the Ouut spotlights, Nadeera, a Middle East startup digitising the recycling of solid waste. World Environment Day is an annual event observed on

New Analysis

UAE's Floral Marketplace Floranow Fully Buys Saudi's Flower Distributor Bloomax

Floranow, a UAE-based B2B floral marketplace has fully bought Saudi Arabia’s fresh flower distributor Bloomax. The startup bought 100 percent shares of Bloomax, with the transaction funded by both debt and equity. With this acquisition, Floranow will now have a direct presence in nine KSA cities, expanding its current

Funding

SC Women in Tech Awards $50,000 to 3 Female-led Startups in Saudi Arabia

The Standard Chartered Women in Tech program initiated by Saudi's Falak Investment Hub has awarded $50,000 in equity-free cash prizes to three female-led startups in Saudi Arabia. The startup that won the first-place is Sahm taking home $25,000, second place went to Nqoodlet winning $15,000 and third