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Endure Capital reaches first close on fund + UAE’s Tabby lands in Egypt — and Egyptian-ish crypto unicorn
Endure Capital has hit first close on its USD 50 mn Endure 21 fund, raising an eight-figure sum, partner Mohamed…
US stocks fall suffer another week of losses on rate fears
Another bad week for US stocks: Wall Street suffered its third consecutive weekly loss as concerns about rising interest rates…
SubsBase raises USD 2.4 mn in a seed round led by Global Ventures
Egyptian subscription management platform SubsBase has raised USD 2.4 mn in a seed round led by Global Ventures, according to…
Edtech startup OBM lands USD six-figure investment from EdVentures
Student career advising startup OBM Education has secured a six-figure USD investment from EdVentures, according to a company statement (pdf)…
Money is leaving private equity, venture capital at a record pace
Investors are leaving private equity and VC funds at a record pace this year, as the era of cheap money…
Startups globally are being urged to cut spending — What are Egyptian startups doing?
Startups in Egypt were urged to cut spending — are they listening? With global funding drying up in the wake…
THIS MORNING: UN publishes COP27 schedule + OPEC just agreed to the least significant supply hike ever
Good morning, wonderful people. Once again we’ve made it through the workweek together. It’s been a busy one, for those…
Homzmart closes USD 23 mn pre-series B round
Homzmart just closed one of Egypt’s largest funding rounds this year: Furniture and home goods marketplace Homzmart has closed a…
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