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KSA’s Ayen fully acquires local startup Elmawkaa in SAR seven-figure transaction
The acquisition will allow Ayen to integrate Elmawkaa’s materials marketplace into its platform
KSA’s Edafa Venture Capital acquires strategic stake in Egypt’s Taskedin
The fresh funds will help the startup expand in the Gulf and beyond
Local investor snaps up minority stake in Simplex
Simplex will use the funds from the transaction to complete the construction of its EGP 100 mn factory in Tenth…
Sawari Ventures is launching its USD 200 mn Sawari Ventures Fund II
The fund will target local and African startups and fintech players
Rabbit Mobility closes USD 1.3 mn round
The company plans to expand into the Moroccan market next year
Egypt leads startup activity in Africa
Egyptian startups raised a combined USD 304 mn between January and September
Local startup funding rose 219% m-o-m in September, but still lag behind regional startup scene
Saudi Arabia dominated regional startup funding in September
Beltone Venture Capital completes its first direct international investment in French VelyVelo
The investment is one of a number of other international strategic investments BVC aims to carry out before the end…
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