Browsing: investment

The Goodwell and Oxfam Novid fund will aim to address the “missing middle” of East Africa through investments in early-stage companies.

Flat6Labs, a MENA-focused VC firm based in Egypt, has launched a USD 95 million fund to support the growth and development of early stage tech startups on the African continent.

COFE, a UAE-based online coffee marketplace, has raised USD 15 million in funding in a round led by Wa’ed Ventures.

MENA startups raised USD 760 million in February, according to a report by Wamda and Digital Digest.

We take a look at some of the most notable funding announcements among MENA-region startups in February.

Tanzania and the UAE have held talks around strengthening trade and investment relations between the two countries.

Egyptian healthtech startup Yodawy has raised USD 16 million in the first close of its Series B round from regional and international investors.

Gameball, a customer intelligence and marketing CRM, has announced that it has raised USD 3.5 million from regional and international investors.

Tawseel, a Yemeni food delivery startup, has secured funding from Dubai’s Numu Capital and will scale its operations within Yemen.

MENA startups raised USD 3.94 billion in 2022 across 795 deals, according to startup platform Wamda. Smaller and later stage deals on the up.