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Infrastructure 
Delivery startup Appetito raises USD 2 mn pre-seed funding
Cairo-based grocery delivery startup Appetito has raised USD 2 mn in pre-series A funding, the company said in a statement…
Delivery startup ShipBlu secures USD 2.4 mn seed round
Last mile delivery startup ShipBlu raised USD 2.4 mn in a seed round led by Saudi Arabia’s Nama Ventures, according…
TONIGHT: Egypt is getting on the SPAC train + NBE is getting a USD 200 mn loan for infrastructure onlending + COP26 gets underway with a sobering warning
To quote Bone-Thugs-N-Harmony: “Wake up, wake up. It’s the first of the month.” And already it’s looking very busy, with…
Kuzlo closes pre-seed round
Alexandria-based B2B marketplace Kuzlo raised pre-seed funding during a round led by Nama Ventures, according to a statement out on…
Swvl backer VC firm Chimera Capital wraps up second closing of its maiden fund
Swvl backer Chimera Capital has exceeded its USD 50 mn target with the completion of the second close of its…
Shorooq Partners launches MENA-wide venture debt fund
Shorooq Partners has launched what it’s calling the first MENA-focused venture debt fund, Nahda Fund I (pdf). The firm hit…
Cairo logistics startup Illa closes seven-figure round
Cairo-based FMCG logistics startup Illa has closed a seven-figure USD investment round led by Saudi’s Watheeq Financial Services and Africa-focused…
Construction tech outfit Elmawkaa and mobile security startup MagicCube close rounds
Egyptian construction tech startup Elmawkaa has raised an undisclosed USD six-figure sum in a seed round led by Flat6Labs, with…
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