Home / Middle East
Category: Middle East

Aramco’s Prosperity7 powers AI drug firm Insilico’s $95M round

Hong Kong-based drug discovery and development company Insilico has secured fresh capital at a time that its CEO described as a “biotech...

Read more

UAE aims to convert oil wealth into tech prowess

H.E. Al Olama recently spoke about the burgeoning Emerati startup and venture capital ecosystem, and the country’s approaches to attracting U.S. VC...

Read more

A newly discovered malware hijacks Facebook Business accounts

An ongoing cybercriminal operation is targeting digital marketing and human resources professionals in an effort to hijack Facebook Business accounts...

Read more

China’s Jaka Robotics fueled by Saudi Arabia’s Prosperity7 in global push

Jaka Robotics, a Chinese startup that makes collaborative robots, has just pulled in a hefty Series D funding round of over $150 million from a...

Read more

Spyware maker Candiru linked to Chrome zero-day targeting journalists

The browser bug was exploited for months before it was fixed.

Read more

Disney+ rolls out to 16 more markets across the Middle East and North Africa

This week, the Walt Disney Company continues to gain ground in the global streaming market as it launches Disney+ in 16 markets across the Middle...

Read more

Tunisian edtech startup GOMYCODE raises $8M to expand across Africa and the Middle East

Yahya Bouhlel started coding in his early teens. Within this timeline, he interned at several companies in Palo Alto, California. Most of his work...

Read more

Backbase raises its first funding, $128M at a $2.6B valuation, for tools that help banks with engagement

Larger banks and other financial service providers are getting a lot more serious when it comes to competing with upstarts that are disrupting their...

Read more

Synthesis Capital closed its first fund with $300M, giving boost to food tech’s future

Recent capital targeted consumer-facing, or downstream startups, but the firm believes future investments will go into technologies closer to the...

Read more

Leanplum acquired by CleverTap as retention marketing platforms consolidate

CleverTap, a retention marketing platform, to acquire Leanplum, a customer engagement platform, for an undisclosed amount.

Read more

Daily Crunch: PayPal Ventures leads $50M Series B for Egyptian fintech Paymob

Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

Read more

Manara gets $3M to grow tech talent pool in the Middle East and North Africa

Manara trains software engineers for fee, recoups investment after they are employed.

Read more

Egyptian fintech Paymob raises $50M led by PayPal Ventures and Kora Capital

Egyptian fintech Paymob, which enables merchants to accept digital payments online and in-store, announced today it has raised $50 million in Series...

Read more

Tofino Capital reaches first close of $10M fund to back startups in frontier markets

Tofino Capital, a venture capital firm targeting early-stage startups in emerging markets, has launched its $10 million fund. It is announcing the...

Read more

The Food Lab, an Egyptian cloud kitchen provider, raises $4.5M pre-seed for expansion

Egyptian cloud kitchen provider The Food Lab raised $4.5M pre-seed for expansion

Read more

Egypt’s Pylon gets $19M to scale software for water and electricity distribution companies

Pylon, an Egyptian infrastructure management platform for water and electricity companies in emerging markets, has raised a $19 million seed round....

Read more

Wale Ayeni, head of investments for IFC in Africa, Middle East and Central Asia, is leaving the firm

Wale Ayeni, the regional head of venture capital investments for the IFC in Africa, has left the International Finance Corporation (IFC), TechCrunch...

Read more

These Y Combinator-backed startups want to build the next Brex

At least four startups at Y Combinator’s W22 batch – from three different regions – referred to themselves as the “Brex for" their...

Read more

All eyes are on Swvl as it starts trading on a SPAC combination

Mass transit and shared mobility provider Swvl went public today in a landmark moment for Egyptian and Middle Eastern tech ecosystems. It’s also a...

Read more

Flutterwave backs UK fintech Dapio in $3.4M round for its contactless payments play

Dapio, the U.K.-based cashless payment solutions provider for businesses, today announced that it has raised $3.4 million to fuel the launch of its...

Read more

Eksab gets $3M to scale its fantasy football platform across MENA and Africa

Football or soccer, the latter commonly used in the US, is the most popular and watched sport globally with over five billion football fans according...

Read more

Daily Crunch: India’s Central Bank says cryptocurrency ‘may even be worse’ than Ponzi schemes

Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

Read more

MoneyHash gets $3M to build a super-API for payment operations in Africa, Mideast

Large merchants, particularly those that operate in more than one geography, have to support an array of payments methods. Each payment integration...

Read more

Egyptian investment app Thndr nabs $20M from Tiger Global, Prosus Ventures and others

The MENA region has about 400 million people with $500 billion in annual savings. But as a relatively young population, most of them have minimal...

Read more

Pluto lands funding from fintech all-stars to build a ‘Ramp for the Middle East’

Here in the U.S., the corporate spend space is getting increasingly competitive, with several startups clamoring to gain market share. But in the...

Read more

Egypt’s YFS gets $7M to scale its on-demand logistics and delivery business across MENA

On-demand delivery in the Middle East and North Africa is estimated to reach $47 billion by 2030. In its largest and fastest-growing economy, Egypt,...

Read more

Tunisian enterprise AI startup InstaDeep raises $100M from AI Capital, BioNTech, Google

A recent survey carried out by CNBC reported that 81% of executives worldwide say AI will play a prominent and critical role in how their businesses...

Read more

500 Global’s Christine Tsai shares her 2022 VC predictions

After incredible growth in the past two year, all signs point to a continued abundance of opportunities for startup founders and investors in the...

Read more

Latest 20