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Innoventures in talks with potential LP from the GCC, iMile launches in Egypt
https://enterprise.press/wp-content/uploads/2021/01/payment-780px.jpg VC firm Innoventures is in talks with a potential limited partner based in the GCC for its EGP 200…
Kemitt secures undisclosed six-figure funding from Saudi Angel investors
Egypt-based e-commerce startup Kemitt has secured an undisclosed six-figure investment in a seed funding round from Saudi Angels, it said…
Software startup Suitera lands USD 230k in investments
AUC software spinoff Suitera has received USD 230k in investments from electronic design automation firm Mentor Graphics’ former CEO Walden…
This Carbon Holdings subsidiary is in trouble
Carbon Holdings’ EHC needs to restructure USD 600 mn in debt: Carbon Holdings subsidiary the Egyptian Hydrocarbon Company (EHC) is…
Gov’t to support 1 mn aspiring entrepreneurs through state-backed learning program
A “1 mn entrepreneurs” initiative will make educational material for aspiring entrepreneurs available online as part of the state-backed Rowad…
Paymob raises USD 18.5 mn series A round
Payment gateway Paymob completed its series A round with USD 18.5 mn raised, the company said in a statement (pdf).…
Regional startups have 32 mn reasons to be happy
Flat6Labs has launched a new fund in Abu Dhabi in partnership with ADQ: Sixty regional startups will receive USD 32…
TakeStep targets GCC after raising undisclosed seed investment
Egyptian healthtech startup TakeStep has bagged an undisclosed seed investment from two angel investors including Mohamed Khedr who will join…
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