Saudi Arabia's mobility startup SHIFT has raised $82.8 million in funding from Merak Capital. This investment ..Read More

Saudi Arabia's mobility startup SHIFT has raised $82.8 million in funding from Merak Capital. This investment aims to accelerate SHIFT's growth and enhance its innovative intelligent solutions, positioning the company to further develop its tech-focused mobility services across the Kingdom.
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• Transport

Algeria-based edtech startup, LabLabee secured $3.4 million in seed funding, led by Reach Capital, with partic ..Read More

Algeria-based edtech startup, LabLabee secured $3.4 million in seed funding, led by Reach Capital, with participation from Classera and existing investors Brighteye Ventures and e& Capital. The funding will support LabLabee's expansion into the US market, enabling it to hire talent and develop new technologies for telecom training.
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• Edtech

UAE-based automotive SaaS startup, Seez raised $4.2 million from international investors to support its expans ..Read More

UAE-based automotive SaaS startup, Seez raised $4.2 million from international investors to support its expansion into the US market. This funding will enable Seez to tap into one of the largest automotive markets globally, enhancing its growth potential and strengthening its position in the industry.
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• Autotech

Egypt-based fintech Paymob has secured additional funding led by EBRD Venture Capital, with participation from ..Read More

Egypt-based fintech Paymob has secured additional funding led by EBRD Venture Capital, with participation from Endeavor Catalyst and existing investors like PayPal Ventures, BII, FMO, A15, Nclude, and Helios Digital Ventures, bringing its total Series B funding to $72 million. This will support Paymob's growth strategy across MENA.
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• Fintech

Saudi Arabia-based proptech HissaTech has secured funding in a pre-Seed round led by unnamed angel investors. ..Read More

Saudi Arabia-based proptech HissaTech has secured funding in a pre-Seed round led by unnamed angel investors. Founded in 2024, HissaTech offers a platform that enables individuals to co-own properties, providing rental income and potential capital gains while reducing barriers for smaller investors. The investment will be used to expand its customer base, enhance its digital platform, and build strategic partnerships within the proptech sector.
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• Proptech

UAE-based fintech FlapKap has secured new funding led by BECO Capital, with notable investment from Pact VC an ..Read More

UAE-based fintech FlapKap has secured new funding led by BECO Capital, with notable investment from Pact VC and follow-on contributions from A15, Nclude, QED Investors, along with debt financing from Channel Capital. This brings FlapKap's total funding to $37.6 million.
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• Fintech

Entlaq, an Egypt-based company supporting entrepreneurs, has acquired a stake in the Egyptian foodtech Brotinn ..Read More

Entlaq, an Egypt-based company supporting entrepreneurs, has acquired a stake in the Egyptian foodtech Brotinni for an undisclosed amount. Founded in 2020 by Dalia Abu Omar, Brotinni is a dark store specializing in online meat and poultry sales. The investment will help Brotinni expand its operations within Egypt and into regional markets.
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• Foodtech

Oman-based cloud kitchen IO Kitchens has secured funding led by Tanmia Small-Cap Fund, with support from famil ..Read More

Oman-based cloud kitchen IO Kitchens has secured funding led by Tanmia Small-Cap Fund, with support from family offices and regional investors. Founded in 2021, IO Kitchens provides a variety of delivery-only meals and currently operates three cloud kitchens with over 30 F&B brands. The investment will enable the company to expand its operations across Oman.
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• Foodtech