Egypt Edition 
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Flat6Labs’ Egypt fund more than quadruples to EGP 207 mn
Flat6Labs has completed the second close of its Egypt-focused Flat6Labs Accelerator Company (FAC), raising the fund size to EGP 207…
Tays lands seven-figure pre-seed investment
Egyptian networking app Tays has raised a seven-figure pre-seed investment from multiple angel investors, the startup said in a statement…
Homzmart raises USD 15 mn in series A funding
Online furniture marketplace Homzmarthas landed USD 15 mn in a series A round led by China’s MSA Capital and Emirati-Saudi…
Sequoia makes its first North Africa + GCC investment in Egypt’s Telda
Digital banking app Telda landed USD 5 mn in a pre-seed funding round led by Silicon Valley-based VC firm Sequoia…
Flextock seals record pre-seed funding
An Egyptian logistics player just set a regional record for pre-seed funding: Logistics startup Flextock has closed a USD 3.25…
GIZ Egypt to set up EUR 100 mn funding program for new VC outfits
GIZ to invest up to EUR 100 mn in young VCs: GIZ Egypt has partnered with the government’s Micro, Small…
Paymob wants to set up shop in Saudi
Payment gateway Paymob is looking to roll out digital payment services in Saudi Arabia in the coming five years as…
Kuwaiti coffee app Cofe to enter Egypt
Kuwaiti coffee delivery app Cofe is planning to expand into Egypt and Turkey after raising USD 10 mn in a…
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