Sellers can tap rental platform’s thousands of global users Dubai, United Arab Emirates – MYCRANE Trading, a newly established crane sales, leasing and maintenance services provider, based in Jebel Ali Free Zone, Dubai, today announced the successful closing of a USD 50 million investment deal with a DIFC-based investment holding company. In partnership with MYCRANE, the first […]
Cairo, Egypt – Egyptian grocery delivery startup Breadfast has raised $10 million from the European Bank for Reconstruction and Development (EBRD) as part of its Series B2 funding round, bringing its valuation close to $400 million. The round was led by Novastar Ventures and aims to scale operations across Egypt, including the expansion of fulfilment […]
KARACHI – UAE-based technology company Yango Group, through its $20 million corporate venture arm Yango Ventures, has acquired a stake in Pakistani fintech Trukkr, marking its first investment in the country. Trukkr, founded in 2019, serves Pakistan’s $35 billion logistics market by digitizing operations for over 20,000 drivers and more than 100 enterprise clients. The […]
F6 Group launches F6 Ventures, a new seed-stage investment firm, alongside Flat6Labs, to support startups across the Middle East and Africa. The newly launched VC fund will manage six funds with over $90 million in assets under management (AUM), focusing on seed and early-stage investments. F6 Ventures will address funding gaps in emerging ecosystems, focusing on […]
Alaan, a UAE-based spend management platform, announced Tuesday that it has raised $48 million in an oversubscribed Series A funding round to accelerate its expansion in Saudi Arabia and enhance its suite of artificial intelligence (AI)-powered finance automation tools. The company had previously raised $7.5 million across its Seed and Pre-Series A rounds. Funding details The round was […]
Investment led by 4DX Ventures, Camel Ventures, and Plus VC to power Suplyd’s next growth phase beyond distribution. The round also includes participation from Seedstars and existing investors as Suplyd gears up to expand across Egypt and scale new services. Cairo, Egypt – Suplyd, the Cairo-based digital procurement platform for restaurants, announced the successful raise of […]
Wuilt, the MENA region’s all-in-one e-commerce enablement platform, has raised $2 million to accelerate its mission of democratizing e-commerce—starting in Egypt and expanding across the region and beyond. The round includes follow-on investment from Flat6Labs and MTF VC and participation from Mubadala-backed Hub71, JIMCO (Abdul Latif Jameel’s VC arm), Purity Tech, and a strong network of strategic angel […]
Anaconda, Inc., the company committed to advancing AI with open source at scale, today announced that it raised over $150M in a Series C funding round led by Insight Partners, with participation from Mubadala Capital. The company operates profitably with over $150M in annual recurring revenue (ARR) as of July 2025. This news comes on the heels […]
Mataa, a Libya-based e-commerce platform, announced the closing of its first Seed investment round, backed by a group of Libyan business angels. The funding marks a significant milestone in the startup’s journey to enhance digital commerce in Libya and the broader North African region. Speaking on the occasion, Mataa’s Founder and CEO Ibrahim Shuwehdi stated […]
The Qatar Investment Authority is a first-time investor in Artbio. The Qatar Investment Authority (QIA) has emerged as a key investor in a $132 million Series B funding round for Artbio, a clinical-stage radiopharmaceutical biotech company. This marks the Qatari sovereign wealth fund’s first investment in the US-headquartered firm, which is pioneering a new class […]