Startups
Latest news from MENA startups, what’s new in the tech startup scene, success and failure stories, and more.
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Top 7 Fintech Startups Revolutionizing Saudi Arabia’s Financial Landscape
The Kingdom of Saudi Arabia has rapidly emerged as a hub for fintech innovation in recent years, fueled by the…
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Rising from Debt: Al Nashmiah Farms’ Battle to Empower Indebted Women
Al Nashmiah Farms, committed to aiding women burdened by debt and facing the threat of incarceration, offers a novel solution…
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$150M Debt Facility Renewal Empowers Tribal’s Expansion into Saudi Arabia
Tribal Credit, a financial platform empowering SMEs in emerging markets has secured a renewed $150 million USD debt facility from…
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SVB Updates and Resources Available for Startups’ Urgent Payroll Needs
With the number of companies and VCs asking about developments related to SVB, especially the upcoming Wednesday payroll date, here…
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From Crisis to Opportunity: Tech Industry Bands Together to Save Startups Impacted by SVB Failure
Prominent venture capitalists, technology executives, and founders of startups have been racing to save companies that have been caught up…
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Egypt’s PraxiLabs is taking science education to a new level through 3D simulations
Egyptian startup PraxiLabs offers people equal opportunities to access an enhanced science education by providing 3D interactive virtual simulations that…
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TFK Leverages Data to Push for Inclusion on IWD
Egypt’s Fashion and Beauty Marketplace, The Fashion Kingdom (TFK), has released a week-long campaign leveraging data for women’s empowerment in…
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Chefaa Raises Venture Round from Global Investors
Chefaa, Egypt’s patient-centered pharmacy benefits platform, has raised a venture round from globally renowned investors Newtown Partners and Global Brain…
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Top Russian Fintech Startups, Will They Shutdown?
Russian fintech Companies have recently been struggling with regulatory challenges due to some economic, social, and political factors. The pressure…
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Kotobna collaborates with Egypt’s On the Run
Egyptian Publishing Platform Kotobna has announced its expansion to major convenience stores across Egypt with a 26 location collaboration with…
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Jordanian Startup Eon Dental Raises $26M in Series B
Jordanian dental tech startup Eon Dental has successfully secured $26M in its Series B funding round. The round was led…
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Fintech Startup ‘Sympl’ Raises Its First Funding Round
Cairo-based startup ‘Sympl’ has raised the first funding round from A15 with a regional focus. This first investment marks the…
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Wuzzuf’s Ameer Sherif Steps Down as CEO, Buckles Up for ITIDA
BasharSoft the parent company of “Wuzzuf and Forasna” recruitment platforms, has announced that the founder, Ameer Sherif has stepped down…
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Nawy raises Seven-Figure investment led by Sawiris family
Cairo-based PropTech startup Nawy has raised an oversubscribed seven-figure Seed round led by the Sawiris family office. Also participating in…
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Aleph acquires 86% in Connect Ads
Aleph Holding, global partner to the world’s biggest digital media players, has today announced its acquisition of 86% of Connect…
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FasterCapital Launches Startup Program To Support Women Entrepreneurs
FasterCapital, an online incubator and accelerator based in Dubai, is launching a cohort for women entrepreneurs. Recent statistics reveal that…
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Breadfast to Donate Kahk to Egyptian Food Bank This Eid
Cairo-based grocery and one-stop app Breadfast is donating scrumptious kahk boxes to the Egyptian Food Bank in the startup’s CSR…
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Laverie: Egyptian Laundry Services provider raises seed round led by A15
Laverie, the first dry-cleaning & laundry app, announced securing an undisclosed six-figure (USD) seed round from A15, the leading Egyptian…
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Access Bridge Ventures: Exclusive Interview
Access Bridge Ventures is a leading early stage venture capital fund supporting budding entrepreneurs across MENA region & Pakistan. With…
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Exclusive: Egyptian Fintech Startup NowPay Joins Y Combinator
Cairo-based fintech startup NowPay has joined Y Combinator’s Winter 21 batch, following a Memorandum of Understanding agreement with the Export…
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Egyptian Fintech Dayra Joins Y Combinator, Secures US $3M in Pre-Seed
Dayra is a Cairo-based fintech startup providing unbanked gig-workers and micro-businesses with financial services. The company has joined Y Combinator’s…
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XPLOR Secures $3M Seed funding from Ayana Holding
XPLOR, the 3D tech, digital twin, and master planning software, has raised a seed fund of US $3 million from…
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Ureed: How to Incorporate Freelancers in Hiring Strategy
Ureed.com offers an unprecedented view on how to incorporate freelancers in your hiring strategy. As a business owner, taking on…
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ElCoach Releases 2020 Numbers- DB Exclusive
Today, ElCoach, MENA’s premier on-demand fitness, and nutrition app released its Year in Review 2020 and we are seriously impressed.…
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Financial Identities’ Cassbana Raises 6 Digits USD
Cassbana, a financial identities’ startup, announced raising a pre-seed round of 6 digits USD to revolutionize the financial service industry in…
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LCP Fund II acquires significant minority stake in Dsquares & Lucky
As its first investment in the market, Lorax Capital Partners Fund II has announced today that it has acquired a…
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Foundation Ventures powers up with 4 new investments
Cairo – Foundation Ventures (FV) is a regional venture capital firm founded in 2019 and is managed by Mazen Nadim,…
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StartEgypt Hosts First Female Founders Forum
The pre-acceleration program, StartEgypt, hosted its first virtual forum for female entrepreneurs, the Female Founders Forum. The one-day virtual event…
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Comscore study: increase in corporate credit card demand
Comscore’s white paper “The COVID-19 Impact on Small Business Credit Card Applications in 2020” revealed that small business card application…
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instaConsult Launches Personal Consultation via Whatsapp
In this age, technology can literally be injected into your skin. So don’t expect this to be a far topic.…
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NowPay Raises US$2.1 Million in Seed Investment
Cairo-based FinTech startup NowPay, a financial-wellness platform for employees in emerging markets, has announced today that the company has raised…
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Cairo-based Last-mile Delivery Startup ‘dreevo’ Raises 6 Digits USD Figure
dreevo, a last-mile delivery-focused startup has raised 6 digits USD figure in a bootstrap, pre-seed fund from EF Logistics, a…
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Tribal Credit Takes Juniper Research’s Best B2B Payment Platform Gold Award
US-based fintech Tribal Credit has won Juniper Research’s Best B2B Payment Platform Gold Award, recognizing its efforts in helping startups…
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Facebook Launches ‘#LoveLocal’ campaign to support local businesses in MENA
Facebook has launched a new initiative to offer digital support to local small and medium businesses in the MENA region,…
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What is a Burn Rate and Why Should Startups Care?
For early-stage startups, having cash is essential to staying afloat. But it’s one thing to have money and another to…
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Amber Solutions Secures $5.5 Million in Series B
Amber Solutions, a technology innovator creating a modern hyper-intelligent electrical architecture, announced the completion of a $5.5-million Series B and…
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Mexico’s Auto-parts Startup ‘RIGS’ Teams Up With Tribal Credit
The auto parts market in Mexico has seen tremendous growth over the past five years, redefining how the automotive industry…
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How Can Startups Use Virtual Credit Cards To Empower Growth?
Virtual credit cards are quickly gaining traction around the world in the B2B payment space. Created for online transactions, they…
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Fintech Tools Every Startup Should Have
In this day and age, there is literally a digital tool for everything. But when you’re a startup with limited…
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Iraq’s First ‘marketplace app’ Lezzoo Raises Seven-figure Seed Round
Lezzoo, the Iraqi startup for delivery and payment on-demand, is geared to become the troubled nation’s first super app, following graduation from…
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5 Link Building Tactics to Boost Your Online Presence
Using SEO to build an online presence is an essential need these days. Apart from putting your brand in the…
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Cairo-based Fintech Startup MoneyFellows Raises US $4M in Series-A
Egyptian fintech startup MoneyFellows has raised US $4 million in a Series-A investment round from venture capital (VC) firms Partech and…
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Demand for Arabic chatbots surges in H1-2020 amid COVID-19, WideBot data shows
Egyptian chatbot startup WideBot witnessed a surge of Arabic chatbot building requests during the first half of 2020, amounting to…
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Fintech giant ‘Brex’ lays off 62 of staff despite raising $150M
Brex founders Pedro Franceschi and Henrique Dubugras wrote in a blog post published yesterday that 62 people would be let go.…
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Tribal Credit Joins Visa’s Fintech Fast Track to Bridge Equity Gap for MENA Startups
US-based startup Tribal Credit, which raised $9.1 million in a series of seed rounds, announced that it had joined Visa’s…
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Online Learning Platform Abwaab Raises 2.4M in Seed Funding
Abwaab, MENA’s latest online learning platform, today announces the closing of its $2.4M pre-seed funding round. The round was kicked…
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Unlocking Potential Unicorns in MENA’s Mystery Land
Aside from the never-ending ancient archeological discoveries, Egypt is one of the fastest-growing startup ecosystems in MENA. A Magnitt report…
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Gemini Enterprises Africa and RiseUp LLC join forces for Pyramids Plateau until 2022
Gemini Enterprises Africa, part of Orascom Group, and RiseUp LLC, the MENA region’s connector of startups to local and global…
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RiseUp kicks off its 7th edition at AUC New Cairo Campus
RiseUp Summit 2019, MENA’s leading entrepreneurship event, kicked off Thursday at the American University in Cairo (AUC) New Cairo Campus,…
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Silicon Valley’s Tribal Credit Raises $5.5M in Seed Funding to Bank Startups
Tribal Credit closed a $5.5 million Seed round led by BECO Capital and Global Ventures to bank startups in emerging…
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A15 doubles down on Intouch.com investment to redefine retail experiences for MENA shoppers
The leading tech investor A15 has capitalized on its investment in Ireland-based retail personalization platform Intouch by doubling down on…
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RiseUp selects 15 regional startup finalists for ‘Pitch by the Pyramids’
RiseUp has completed its selection of 15 startups from seven cities across the Middle East and North Africa to pitch…
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Efficient Marketing Tools to Create Viral Campaigns Rapidly
Marketing has always been a subtle companion of trade and e-commerce. It started with word of mouth and later grew…
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‘Boost with Facebook’ partners with RiseUp to bring digital skills training to Egyptian startups
Facebook announced on Tuesday its partnership with RiseUp to bring ‘Boost with Facebook’, its global program designed to help small…
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Amman-based POSRocket Takes Cash Registers to the Cloud
The global cloud-based market is forecasted to nearly double from US$29.9 billion in 2019 to US$58.9 billion by 2024, driven by…
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Jamalon Brings Books Beyond Borders
Did you know that Arabic is the fifth most spoken language globally? Doing one for the language is Jamalon, the…
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Silicon Valley’s Tribal Credit Eyes MENA, Closing Round to Bank Startups
Silicon Valley-based Tribal started private beta testing with MENA startups and is closing a funding round that includes some of…
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6 things you can do to create a better working environment
A big part of having a successful business is having happy and content employees. And while it’s true you can’t…
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Career180 raises USD 100,000 seed fund from EdVentures
Career180, a centralized and comprehensive career advising platform in Egypt that aims to qualify youth to the job market, has…
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Good People, Kijamii partner to form ‘GP&K’ digital driven network
Good People, the region’s leading creative production house, joined forces with the region’s leading digital agency and 2019’s Independent-Agency-of-the-Year, Kijamii, to form…
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Egypt’s NowPay Raises $600k from Endure Capital, 500 Startups
Egyptian fintech startup, NowPay, said it’s closing a new undisclosed round after raising USD 600,000 in Seed funding from Silicon…
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Middle Eastern Female Entrepreneurs Outpacing Other Nations
The number of new startups in the Middle East has risen by more than 42% in the past three years,…
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Match Group Acquires Egyptian Dating Startup ‘Harmonica’
Online dating giant Match Group has acquired “Harmonica”, an Egyptian online dating startup. Financial details were not disclosed. Announced Flat6Labs…
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SeedStars visits Baghdad to find promising Iraqi startups
Seedstars World, the largest startup competition for emerging markets and fast-growing startup scenes will land for the first time in…
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Stanford-born Startup Strives to End Elderly Social Isolation
In the midst of calls to break up Facebook, struggling IPOs, and some fan drama over the Game of Thrones…
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Egyptian Startup Mumm Launches ‘Mumm Prime’ Egypt’s First Premium Chef
Egypt’s homemade food service Mumm has launched “Mumm Prime”, Egypt’s premium online chef subscription service on Sunday. For an affordable…
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Egypt’s Direxiona wins 50,000 euro-prize in AFD Digital Challenge
Egypt’s Direxiona matching platform for women drivers and instructors has won the first prize in the AFD Digital Challenge competition…
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3 Things You Should And Shouldn’t Do To Make Meetings Productive
It is necessary for every company to hold a workplace meeting every once in a while. The meetings are essential…
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How to Start A Digital Marketing SEO Agency?
Starting your digital marketing agency sounds like an exciting thing to do; however, it can also seem a little bit…
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Brimore, retail distribution platform, raises $800k in seed funding
Brimore, the direct-selling distribution platform that connects manufacturers with consumers, announced that it has raised $800k in a seed funding…
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What Can I Do if I Don’t Have Money to Grow My Business?
Wouldn’t it be nice if growing your business was as simple as taking two aspirin? When you wake up the…
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Algebra Ventures partners with Ezdehar to invest in Dsquares
Algebra Ventures, Egypt’s leading venture capital fund, has partnered with Ezdehar Management, an investment management firm focused on high-growth Egyptian…
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What MENA startups still lack to achieve their potential
A few weeks ago, my friend Hendrik Jandel wrote an article about the potential he saw in the Beirut startup…
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Cairo-based online grocery startup ‘GoodsMart’ secures additional funding from Algebra Ventures
GoodsMart, the household shopping app that has transformed the shopping experience using unattended delivery, has announced that it has secured…
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Top 5 Egyptian Startups That Raised Money in 2018
2018 was an amazing year for the entrepreneurship ecosystem in Egypt. As 80 startups raised investment, positioning Egypt among the…
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If you can’t trust employees to work flexibly, why hire them?
Productivity at the workplace depends on several elements one of which is a flexible working environment. This has been confirmed…
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5 Software Programs for Small Businesses in 2019
The hardest part of running a small business is using the right software to help it run. The right software…
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How recognizing employees can enhance performance
There are many employees that have been forced to work the same mundane job day in and day out. An…
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Top 5 Jordanian Startups That Raised Money in 2018
2018 was not bad at all for the entrepreneurship ecosystem in Jordan. It witnessed good news for 36 Jordanian startups…
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Vodafone Egypt Launches Unprecedented Technological Hackathon
Vodafone Egypt held the first Hackathon of its kind in Egypt and in the region, inviting developers to innovate in…
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NOMAD Partners With Sony Professional Solutions MEA
Al Ahli Holding Group (AAHG) has partnered with Sony Professional Solutions MEA on the development of the media sector and…
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Connect Ads launches its own digital studio ‘Villa 30 Studio’
Connect Ads launched “Villa30 Studio” – its own creative digital studio, a move that will further enhance the dynamics of…
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Flat6Labs Cairo Introduces New Offering to Entrepreneurs
Flat6Labs Cairo, the leading Startup Accelerator in Egypt, now offers startups joining its 12th Accelerator Cycle launching in January 2019…
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World’s leading startup event ‘Slush’ takes place in Helsinki this December
20,000 tech professionals, mentors, investors and entrepreneurs from all around the world are gathering in Helsinki, Finland on Dec 4–5,…
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Dubai-based HolidayMe.com raises $16 million in Series C funding
HolidayMe, the Middle East’s leading Online Travel Agency, has raised $16m in Series C funding from Gobi Partners, Algebra Ventures,…
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Israeli Tech Startup ‘Snappy’ Raises US$8.2 Million
Snappy, the company revolutionizing corporate gifting, announced that it had secured $9.7 million in funding to date after raising $8.2…
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Egyptian FinTech Startup ‘Accept’ Ventures Into The Jordanian Market
Accept for payments and technology has announced that it has extended its services to the Jordanian market, in partnership with MEPS,…
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Jordan’s POSRocket launches its developer portal, marketplace
POSRocket, the cloud based point of sale platform has released the beta version of its developer portal and marketplace, to…
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Dawar App strives to solve Egypt’s garbage mess with a snap of a button
Dawar app is a new initiative that aims to solve Egypt’s garbage dilemma with the help of technology. The app enables…
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Cairo-based transport startup ‘Buseet’ raises investment
Cairo-based buss booking startup Buseet has successfully raised an undisclosed amount of investment in a seed funding round by Cairo Angels,…
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TheSocialMedwork raises $1.7 million in funding
Young social impact startup TheSocialMedwork, which works to solve access to medicines across the world, has signed new funding and…
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Egyptian real estate platform ‘iCommunity’ raises $600K in Series A funding
iCommunity, Egypt’s mobile community platform for the real estate industry, has announced $600K in Series A funding from Algebra Ventures.…
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Vezeeta raises $12 million from Saudi Technology Ventures
Egyptian digital healthcare startup Vezeeta has raised a $12 million Series C funding round led by Saudi Technology Ventures (STV).…
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A15 exits TPAY, sells 76% stake to Helios Investment Partners
A15, a leading tech investment fund based in the Cayman Islands; announced today that it has successfully sold 76% stake…
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‘Startups Galaxy’ Vows to Reach 500 Egyptian Startups
Startups Galaxy is currently on a journey of “Road to 500 Startups” and we think this is a great chance…
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How AI can open up Silicon Valley to international investors
Mobile apps are detecting skin cancer. Drones are delivering aid across continents. Artificial intelligence is disrupting every aspect of our…
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Egyptian social media monitoring tool ‘Crowd Analyzer’ raises $1.1 million
Crowd Analyzer, the Arabic-focused social media monitoring tool, has received pre-Series A funding of $1.1 million from a group of…
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Jordanian Startup ‘Mawdoo3.com’ Raises US$13.5 Million
Jordanian startup Mawdoo3.com, the world’s most visited Arabic website with more than 45 million unique users per month, has completed a…
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Namshi Unveils Key Trends For The Season
It’s time to revamp your wardrobe, alright! Specially curated by the fabulous fashion team at Namshi, this season’s trend edit…
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Farawlaya.com a startup that revolutionizes how Egyptians buy home wear
Farawlaya.com is the fastest growing specialty online retailer of women’s home wear in Egypt; serving women of all shapes and…
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