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...
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...
Egypt based startup accelerator Falt6labs has launched in Jeddah Saudi Arabia.
This comes as part of Flat6labs expansion plan in the Arab Gulf area and other Arab countries.
The Cairo-based accelerator, was formed in a partnership between the American University of Cairo and the venture capital firm Sarwari Ventures, was founded at the start...
ikoo, the integrated digital marketing solution provider with the largest reach in the Middle East and North Africa [MENA], announced a major partnership with STC Ventures, which has invested US$3 million in the company.
The investment will be used to start new initiatives and future growth including its video network, performance network, au...
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...
Cobone.com, the largest daily deal company in the Middle East, has been acquired by international investment firm Tiger Global Management, leaving the startup firm with additional capital to further its long-term commitments in the Middle East.
Amount of the deal where not disclosed. But TechCrunch says the figure of would be around $40 ...
Reef for Software Development Inc., the parent company of ShooFeeTV, has announced the acquisition of Jordan based mediaME, one of the largest online community of advertising and media professionals in the Middle East, from MediaScope.
Financial terms of the deal were not announced.
mediaME serves over 18,000 registered members across t...
Kingdom Holding Company (KHC), chaired by Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud , led a consortium of investors advised by QInvest LLC, Qatar's leading investment bank, for the acquisition of a strategic stake in 360buy Jingdong Inc. for the value of $400 Million. The investment by KHC in this deal was approximately $125 Million.
Th...
MIT Enterprise Forum Pan Arab Region Start-Up Competition for the Start-up Track has announced 11 of the semi finalist, and they are:
1- “Famissima” is a free online platform built around a social network of 2.0 parents specially designed to simplify family life by managing their daily activities. A simpler more productive life for paren...
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