In a strategic move to bridge the financing gap for small and medium enterprises (SMEs) across the Arab world, the Arab Fund for Economic and Social Development, through its SME financing arm, Badir Fund, is investing in Shorooq’s Nahda Fund II, a Qualified Investor Fund registered with the FSRA ADGM. In a strategic move to […]
Cairo, Egypt – MDP, a leading payments technology infrastructure group in the Middle East and Africa, is pleased to announce a new phase of growth following a strategic investment led by Lorax Capital Partners (“LCP”). The transaction marks the exit of long-time partner AfricInvest, whose support has been instrumental to the group’s expansion in recent years. MDP […]
Partnership to enhance investor engagement and support startup growth in Abu Dhabi Collaboration reinforces Tech Barza’s role in connecting family offices with high-potential startups and enabling strategic corporate deals Hub71, Abu Dhabi’s global tech ecosystem, has announced a strategic partnership with Yas Investments, a leading multi-family investment platform and fund manager, to enhance investor participation in […]
Source: Forbes Middle East Dubai-based business-to-business (B2B) spend management platform Qashio has raised $19.8 million in its latest funding round, combining equity and non-equity financing. Latest funding round The round was led by existing investor Rocketship, a Silicon Valley venture capital firm, with participation from ABN Ventures, MITAA, Oneway VC. Further, new strategic investors, including […]
Fueled by investments from Plus VC and Oasis500, Toolmart is poised for regional expansion following record-breaking growth and strong market momentum. MENA: Toolmart, a leading B2B tech startup revolutionizing how industrial supplies are sourced and procured in the Middle East, has raised a seed funding round led by Plus VC, the most active MENA VC and Oasis500, alongside prominent […]
Dubai, UAE – Gainz, the UAE-based financial technology startup, proudly announces the successful closing of its 7-figure USD pre-seed investment round, structured as a mix of equity and debt. The round was led by Antler MENAP, Lithium Holdings, and Eleventh Invest Inc, with additional participation from a diverse group of high-net-worth investors across the region. […]
Dubai, UAE, 21 May 2025: Turkcell (NYSE: TKC) (BIST: TCELL) announced that its subsidiary, TDC Veri Hizmetleri (TDC), has secured €100 million in murabaha financing through a strategic agreement with Emirates NBD Bank, a leading banking group in the Middle East and Turkiye (MENAT) region. The five-year financing agreement is intended to empower Turkcell Group’s data center […]
Riyadh Valley Company, the investment arm of King Saud University, announces its investment in MEVF IV managed by MEVP. Founded in 2010, MEVP is a leading venture capital firm that invests in early and growth-stage technology startups led by talented entrepreneurs across the Middle East and North Africa, with particular focus on the Gulf Cooperation […]
EQIQ, a venture capital fund and venture builder led by founding partners with a track record of investing over $500 million in technology startups and generating more than 3.3x return, is expanding its fund size from $15 million to $30 million. Domiciled in Abu Dhabi Global Market (ADGM), EQIQ is pursuing both greenfield (seeding new ventures) and […]
DUBAI, UAE – Google announced the launch of its second “Google for Startups Accelerator: AI First” program for the Middle East, North Africa, and Turkiye (MENA-T). The 12-week, equity-free program is designed to empower the most promising Seed to Series A startups that are harnessing the power of artificial intelligence, providing them with the essential infrastructure, […]