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AI + Innovation (MENA) 
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DXwand secures USD 4 mn to step up AI research and regional expansion
The startup plans to use the fresh funds for regional expansion
Homegrown chip designer Pearl Semiconductor secures USD 4.5 mn investment. PLUS: Acacia invests in Senegal.
Sawari Ventures, Shorooq Partners, and QBN Capital all invested in the semiconductor company
Down rounds are happening in Egypt
Has the down round boogeyman come to Egypt? The ultra-loose financial conditions that allowed VCs to pour USD 600 bn…
Shorooq Partners launches USD 150 mn Bedaya Fund II to back startups
UAE-based VC firm Shorooq Partners has launched its USD 150 mn Bedaya Fund II to back early-stage startups operating in…
The status of superapps in Egypt — Part 3: the investment case
The status of superapps in Egypt — Part 3: the investment case: We openedour exploration into superapps by looking at…
The status of superapps in Egypt: The challenges and the investor perspective
The status of superapps in Egypt — Part 2: the challenges: Last week, welooked into why superapps are on the…
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…
Tamer Azer appointed Egypt partner for Shorooq Partners
Emirati VC firm Shorooq Partners has appointed Tamer Azer (LinkedIn) as a partner in its new Cairo office, according to…