Rua Growth I LP igot investment of $5M from Jordan’s Innovative Startups and SMEs Fund (ISSF) to support inv ..Read More

Rua Growth I LP igot investment of $5M from Jordan’s Innovative Startups and SMEs Fund (ISSF) to support investment in Jordanian startups. Rua Growth Fund, a $45 million venture capital fund based in Saudi Arabia, focuses on early-stage companies across sectors like e-commerce, fintech, enterprise solutions, and SaaS. This collaboration seeks to harness Jordan’s entrepreneurial strengths, driving innovation and boosting the regional competitiveness of Jordanian startups.
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Qatar-based delivery platform, Pass has garnered $2.7 million in a pre-Series A funding round from undisclosed ..Read More

Qatar-based delivery platform, Pass has garnered $2.7 million in a pre-Series A funding round from undisclosed backers. Initially launched by UK-based Peyk in 2020 and later acquired by Qatari entrepreneur Bashar Jaber in 2023, Pass offers swift and dependable delivery solutions. This new funding will support Pass’s growth into markets such as Egypt and Saudi Arabia, as well as drive the development of additional offerings to bolster its market foothold.
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• Delivery

Saudi Arabia-based foodtech startup Nabt has secured $1.5 million in a Seed funding round led by Merak Capital ..Read More

Saudi Arabia-based foodtech startup Nabt has secured $1.5 million in a Seed funding round led by Merak Capital, along with contributions from other angel investors. Founded in 2022 by Abdullah Alotaibi, Nabt operates a B2B marketplace that links farmers directly with businesses. This capital will help Nabt advance product development and broaden its market presence. Nabt is also part of the Sunbolah FoodTech Accelerator, a program by the Ministry of Environment, Water, and Agriculture aimed at nurturing innovative companies in the agricultural sector.
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• Foodtech

Saudi Arabia-based Web3 provider, Tharawat Green Exchange (TGE) raised $0.45M in pre-Seed funding from Adavers ..Read More

Saudi Arabia-based Web3 provider, Tharawat Green Exchange (TGE) raised $0.45M in pre-Seed funding from Adaverse, a Saudi-focused Web3 and blockchain fund. The capital will be allocated towards enhancing TGE’s infrastructure and blockchain capabilities, bolstering sales and marketing initiatives, and obtaining Vera certification for its carbon credits, aligning with its mission to drive environmental sustainability under Saudi Vision 2030.
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• Sustainability

Egypt-based Sawari Ventures will launch its second fund, Sawari Ventures II, in early 2025, targeting $200 mil ..Read More

Egypt-based Sawari Ventures will launch its second fund, Sawari Ventures II, in early 2025, targeting $200 million. The fund will invest 70% in Egyptian startups at Series A and B stages, with the rest directed to Kenya, West Africa, and other international markets. Founded in 2010, Sawari Ventures has supported over 30 companies, including Swvl, MoneyFellows, and Instabug.
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• Series A
• Series B
• Startups

South Africa-based e-commerce logistics startup Pargo has entered the Egyptian market following a $4 million i ..Read More

South Africa-based e-commerce logistics startup Pargo has entered the Egyptian market following a $4 million investment led by 3Capital Ventures, Endeavor, SAAD Investment Holdings, and UW Ventures. Established in 2014 by Derk Hoekert and Lars Veul, Pargo provides innovative delivery solutions designed to strengthen e-commerce across Africa. As part of this expansion, Pargo has introduced collection and return service points throughout Egypt.
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• Ecommerce
• Logistics

Morocco-based cross-border logistics startup, Colis.ma secured $0.3M in pre-Seed funding from Witamax, an inve ..Read More

Morocco-based cross-border logistics startup, Colis.ma secured $0.3M in pre-Seed funding from Witamax, an investment firm jointly created by Southbridge A&I and AXXAM Family Office and is managed by WITA Ventures. The investment will support Colis.ma in expanding its logistics coverage across Morocco’s five largest regions and six key European countries. Additionally, the funding will fuel plans to extend its reach into West Africa, aligning with its vision to enhance connectivity between African nations and Europe.
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• Logistics

Prypco, a UAE-based proptech founded in 2022 by Amira Sajwani, has raised $10 million in Seed funding led by S ..Read More

Prypco, a UAE-based proptech founded in 2022 by Amira Sajwani, has raised $10 million in Seed funding led by Shorooq Partners, with participation from Apparel Group and others. Focused on simplifying real estate ownership, Prypco offers services through four verticals: Prypco Blocks, Prypco Mortgage, Prypco Exclusives, and Prypco Golden Visa. With Prypco Mortgage already disbursing over $136 million in home loans, the new funding will drive the company’s growth and support its expansion plans.
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• Proptech