#middleeast

Chari has raised US$1 million from Orange Ventures as part of its latest funding round. The startup allows traditional proximity store owners in Morocco to order products and have them delivered. The platform has onboarded over 20,000 food…

Cairo Angels have rebranded as the acasia group to better reflect its new strategy, which also incorporates later-stage and pan-African investments. It embarked on a new strategy with its Cairo Angels Syndicate Fund, which invests at…

SIDEUP has raised US$1.2 million in seed funding from regional and global investors to help it expand into Saudi Arabia. Its US$1.2 million seed round saw participation from leading global and regional investors, including Launch Africa…

Blnk has raised $23.7 million in equity and debt funding and $8.3 million in securitized bond issuance to accelerate financial inclusion within underserved communities across the country. According to Blnk, the funds will support the…

Quona Capital has announced the final close of its Fund III at US$332 million, significantly exceeding its US$250 million target. Quona Capital said It is focusing its investments on innovative technology companies that are expanding…

Vezeeta has raised an undisclosed amount of growth funding to accelerate its organic growth as well as fund acquisitions and expansions across the Middle East and Africa. The company is now set to spearhead its expansion into new…

Sharwa has raised a US$2 million seed funding round as it launches its mobile application, which it claims is the first social commerce app in the Middle East. Alaa Shalaby, Sharwa’s Co-founder said: “Sharwa’s platform is the true…

Mdundo.com A/S, one of Africa’s leading music services, today announced that it has reached an agreement with Universal Music Group (UMG), the world leader in music-based entertainment, to license the service across key African territories.…

Welnes has closed a US$300,000 seed funding round to expand its team and prepare for GCC expansion by 2023. According to Welness, the programmes are served in a group setting, while the app also features a robust gamification model that…

Bosta has announced its expansion to Saudi Arabia after completing an undisclosed pre-Series B funding round. Bosta said it has managed to deliver over 10 million shipments, and the startup raised a US$6.7 million Series A round of…