iMENA Holdings, an integrated and actively managed group of leading online businesses in the MENA region, announced an investment in Desado.com, the Middle East’s first online discovery destination for design-led items, with an aim of providing people in this region with access to well crafted, well priced and unique products, for the home and be...
Wysada.com, the Middle East’s first e-commerce platform offering luxury home interiors at exceptional prices, has announced a strategic partnership with MENA Venture Investments, an angel investment fund focused on providing growth capital and business consultancy to start-ups. In addition to early-stage investment, MENA Venture Investments w...
Diwanee, one of the Arab world’s leading digital media company with one of the largest female audiences in the Middle East, closed a $3,250,000 capital increase with MedSecurities Investment, a subsidiary of BankMed.
This capital increase supports Diwanee’s efforts and aspiration to become the main gateway for business online with women in t...
Masmoo3, the Jordanian startup that publishes audiobooks has launched its android app to allow users to buy, download, and listen to Arabic audiobooks on their Android devices.
The app has “Promotional Bundles” for a small part of Masmoo3’s audiobooks catalog. The bundles include 53 audio stories for kids, 9 Poetry audiobooks, 3 Literat...
Alkottab, an Egyptian games developer has released a Facebook game based on battles between protesters and thugs during the 2011 uprising.
The company describe it as a “tower defense game” that is built around the events of the so-called Battle of the Camel on 2 February 2011, when a peaceful sit-in in Tahrir was attacked by armed thugs rid...
Rocket Internet'sNamshi, the Middle East’s leading online store for fashion and lifestyle, has secured funding through its German holding company of US$13 million by the growth equity firm Summit Partners to sustain its accelerated growth target.
This is the second investment by Summit Partners in Namshi, further affirming the investors’ c...
Semantic search engine Kngine has relaunched its web site after focusing on mobile application for android and iOS.
Kngine is funded by Sawari Ventures and is based in Egypt and Silicon Valley.
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iMENA Holdings, an integrated and actively managed group of leading online businesses in the MENA region, announced that it invested in OpenSooq.com, a leading Arab world online classifieds business that offers its users the ability to buy and sell products and services online through online classifieds postings across many categories including...
Saudi Telecom Company and Iris Capital (STC Ventures’ Fund Manager)
announced today that STC Ventures Fund has recently concluded the acquisition of a significant minority stake in IT Interactive Software Company (Acadox). Acadox is one of the early startup companies that has recently graduated from the New Ventures & Entrepreneurship Prog...
Dakwak, a website translation technology provider, has secured a $100,000 investment from 500 Startups in a second round of seed investment.
In addition to the investment, Dakwak will be joining 500 Startups Accelerator Program (Spring batch 2013), which is one of the top 5 accelerator programs worldwide! Dakwak’s team has headed to the...
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