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AI + Innovation (MENA) 
Infrastructure 
Algebra Ventures nets USD 100 mn first close on second fund
Venture capital firm Algebra Ventures’ second fund has reached a USD 100 mn first close, surpassing the USD 90 mn…
Smart device maker CardoO secures USD 660k in (pretty unique) seed funding
Homegrown smart device startup CardoO has landed USD 660k in a seed funding round led by Alexandria Angels with investment…
Another suitor for Capiter?
Is Saudi fintech Sanad Cash moving in on Capiter? Saudi fintech platform Sanad Cash wants to acquire 60% of crisis-stricken…
Proptech startup Partment secures USD 1.5 mn in pre-seed round
Proptech startup Partment secured USD 1.5 mn in a pre-seed round led by Nclude Fintech Innovation Fund and Plus Venture…
B2B e-commerce marketplace Mazaya to launch in Nigeria following USD 5 mn pre-seed round
B2B e-commerce marketplace Mazaya (not to be confused with the perfume and makeup store) closed a USD 5 mn pre-seed…
InGame Sports gets cash + in-kind support in pre-seed round
Egyptian gaming startup InGame Sports has raised an undisclosed pre-seed round led by international VC Openner. The company said it…
Kashat lands funding from US + pan-African VC
Not all doom and gloom on Planet Startup: Kashat, the region’s first provider of nano-loans, has landed funding from both…
Local fintech investment startup Exits raises USD 1 mn in pre-seed round
Local fintech investment platform Exits has raised USD 1 mn in a pre-seed round from its UK-based investment arm of…
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