As the days go by, more startups spring up but males make up the majority of founders. Historically, the Middle East and North Africa (MENA) region is a unique society, dominated by men in almost all sectors of life including business. A decade review between 2010 to 2020 from UNICEF

UAE-based e-commerce startup SQUATWOLF, has received $30 million in investment from ASCA Capital Limited. The terms of the investment will see ASCA invest up to $30 million over time with a significant proportion being invested in the first 12 months to support its expansion plans. The fresh investment will help

Qatar-based super app Snoonu, has secured $12 million in a Series B round which is the first startup to raise such a round in the country. The round was spearheaded by the Qatar Development Bank and saw participation from undisclosed investors. Founded in 2019, Snoonu is Qatar’s first super

UAE open banking platform, Tarabut Gateway has raised $32 Million in Series A funding to expand and recruit talents in Saudi Arabia. The funding round was led by Saudi-focused investment firm Pinnacle Capital while Aljazira Capital, Visa, Tiger Global and other existing investors participated in the round. Tarabut will use

French fashion designer Gabrielle “Coco” Chanel once said, “Fashion is not something that exists in dresses only. Fashion is in the sky, in the street, fashion has to do with ideas, the way we live, what is happening.” The fashion industry is a rapidly growing sector across the globe and

Israel-based B2B buyer-seller network, Aligned has raised $5.8 million in Seed funding to develop its AI customer engagement automated platform. Hetz Ventures and NFX led the funding round but saw participation from angel investors. The startup plans to use the funds to expand its team. There are also plans

Iraqi SaaS startup Midient has secured a pre-Seed funding round worth $125,000 from Flat6Labs, MENA’s leading early-stage Venture Capital firm. Being Flat6Labs’ first investment in Iraq, Midient will use the fresh funds to widen its scope in Iraq and further develop its mobile app. Midient provides a mobile

UAE-based B2B e-commerce platform Eighty6 has received $3.7 million in a Seed round, from Sanabil 500 MENA Seed Accelerator Fund, a few GCC family offices as well as other investors. The startup plans to use the new funding to upgrade its technological capabilities, expand its operations within the UAE,

Tunisian fashion e-commerce startup Drest.tn has secured $366,000 in a fundraising round from Tunis VC firm, 216 Capital Ventures. The fresh investment will accelerate the growth of the startup and help it expand into other African markets. Founded in 2022, Drest.tn is an online platform that offers

Kumulus, a Tunisian startup that operates in the water industry is among the winners of the European Bank for Reconstruction and Development’s (EBRD) startup competition. EBRD AgVenture Challenge aims to support innovative early-stage agribusiness technology startups in the EBRD economies. The winners were announced at the EBRD Consumer Rules

UAE-based fintech startup, Pyypl– pronounced “people” has officially launched its social micro-investment platform for entrepreneurs and micro-SMEs in Africa. The initial phase of the launch is a partnership with Kenya’s Tuk Tuk Operators Network (TTON), a pan-African mobility network connecting Tuk Tuk operators across 47 counties. Pyypl’s platform

Financial inclusion barely exists in Algeria thanks to the bureaucracy and inflexibility of the Algerian government which affects the emergence of fintech solutions. The country has a population of 45 million as of 2022, being the highest populated country in the Maghreb region of North Africa. However, as of 2022,

US-based Capria Ventures has closed its Global South Fund II, which aims to raise US$100 million. One of the leading investors in the fund is Gates Ventures founded by Bill Gates. Other institutional investors are Crystal Springs Foundation, OIP Investment Trust, Sall Family Foundation, Brakeman Family Trust, and two

ICT solutions provider, Etisalcom Bahrain has partnered with Huawei to provide businesses in Bahrain with competitive cutting-edge technologies and state-of-the-art products. The goal of this strategic partnership is to transform Bahrain’s digital space. This partnership falls in line with the country’s vision of having a preeminent position in

Emirati metaverse platform, Everdome has received additional investment from Bahamas-based digital 7asset investment firm, GEM Digital Limited (GEM). The fresh investment is an add-up of $50 million to the previous funding of $10 million last year, making a total of $60 million. In August 2022, GEM invested $10 million in

Convergence Partners, a private equity investor in the Sub-Saharan Africa tech industry has invested $10 million in 42Markets Group, a financial and capital markets fintech incubator and investment group. This investment follows the closing of Convergence Partners Digital Infrastructure Fund (CPDIF) at $296 million which surpasses its initial target by

The UAE-based startup, Intellia has rolled out its Artificial intelligence-powered vetting and project delivery platform for finance, strategy and public policy. The startup provides on-demand, 24-hour remote analysts for businesses through its proprietary AI-driven analyst vetting, training and quality control platform. Founder and Chief Executive of Intellia, Saad Raja said,

Saudi Arabian real estate technology startup Ajras has secured $533,000 in a pre-seed round from Angel investors. Headquartered In Riyadh, Ajras connects small and medium-sized companies with real estate owners by enabling entrepreneurs to search for real estate and choose their preferred property and its location via its platform.

The tech industry has witnessed massive layoffs due to reasons entrepreneurs such as unsteady economies. Thus, many of the world’s biggest technology companies such as Amazon, Microsoft, Twitter and Facebook and Google have cut off thousands of jobs. According to statistics compiled by Crunchbase about 131,000 workers in

There’s no doubt that the United Arab Emirates (UAE) is a hub for businesses thanks to the steps it takes to cushion and support new startups. Due to the foundation laid by the UAE Government such as the zero tax system, pro-business government rules and visa regulations, the economy

UAE-based business management platform Flyksoft has received $55,000 in Seed funding from angel investors. The startup will use the fresh funds to boost brand awareness and grow its media presence. Founded this year, Flyksoft is a business management startup that offers services to industries in the beauty sector such

A Tunisia-based gaming startup, CoaChess has secured a $191,000 pre-Seed funding round to improve its platform. The funding was led by Omicrone, the platform’s new investor and startup builder The fresh round will help bring the startup’s goal to life by enabling it to take its innovative

Indeed it is said that “Good health is the greatest wealth humans can have on earth”. However, having good health in the 21st century can be expensive due to technological advancements in delivering personalized quality healthcare globally and the UAE is no exception. The MENA region has a track record

Israeli company SafeGuard has secured a total of $8 million in a Series A funding round to grow and develop its safety-tech platform for construction workers and sites. The round was spearheaded by the founder and Director of Secubit, Ron Zuckerman and co-founder of DriveNets Hillel Kobrinsky. Other people who

There’s no doubt that the United Arab Emirates (UAE) is a hub for businesses thanks to the steps it takes to cushion and support new startups. Due to the foundation laid by the UAE Government such as the zero tax system, pro-business government rules and visa regulations, the economy