Archive for the ‘VC & Capital’ Category


Screenshot Cookpad (TSE:2193) announced today that it reached a definitive agreement to fully acquire Netsila, the Lebanese company behind Shahiya.com, the leading Arabic recipe website, for $13.5 million. Shahiya is the go-to digital cooking destination in the Arab world, with more than 3 million monthly users of which 90% are women; in Saudi Arabia al...
Screenshot Wednesday evening the winner of the Get in the Ring Regional Final of the Middle East, better known as ‘The Olympics for Startups’ was selected in Riyadh, Saudi Arabia. It was the first ever Regional Final of Get in the Ring hosted in the Middle East after Get in the Ring started a strategic partnership with Saudi Telecom Company (STC) i...
Screenshot Wysada, the leading luxury online retailer of home goods, décor and interior furnishings in the Middle East, today announced it has completed a Series A investment round of over $5 million. The round was led by Badia Impact Fund, a venture capital fund belonging to Silicon Badia, a global group of venture funds based in New York City and Jordan,...
Screenshot Middle East Venture Partners (MEVP) has announced that it made 5 new investment in 5 new startups. The startups are" Mobinets raised $3M, Series B, Fuel Powered raised $2M, Series A, FADEL Partners (Undisclosed, Series A), Klangoo raised $1.5M, Series A, Bookwitty ($4M, Series B) closing soon. Here is a quick bio of each of those startups: ...
Screenshot Middle East Venture Partners (MEVP) is one of the Arab world most active Vcs, it announced yesterday that it had raised the largest venture capital fund in Lebanon at $50 million, the fund name is the IMPACT Fund. MEVP said the fund complies with Banque du Liban’s (BDL) Intermediate Circular 331. The Circular was created by BDL specificall...
Screenshot Egyptian Startups accelerator Flat6lab is expanding to Abu Dhabi, UAE after it expanded to Jeddah Saudi Arabia, and they hired Nina Curley the former editor in chief of American government backed Wamda the startups media platform and a VC firm at the same time. After starting her doctoral degree in neuroscience/psychology Nina moved to the A...
Screenshot Investment in the Question Answering Application Coincides with their Release of Kngine 3.0 Which Outperforms Others By a Factor of 3 Kngine announced today it has received a new round of investment from Samsung Open Innovation Center, USA, and Vodafone Ventures Egypt. The investment round aims to help Kngine further revolutionize the question a...
Screenshot Saudi telecom operator Mobily announced today “Mobily Ventures”, that is the Corporate Venture Capital arm of Mobily. Mobily Ventures invests in high-tech startup companies in the Telecommunication, Information Technology, Media and Entertainment industries. The focus will be on Early-Stage and Growth-Stage startups in areas including e-co...
Screenshot Jordanian startup accelerator Oasis500 is still active and investing and accelerating startups. Around last week 12 new companies started the process which takes about 3 month with an investment of around 15,000 USD here are the companies 1- 3D Mena 3Dmena.com is an online marketplace and community where you can buy and sell custom products wit...
Screenshot Arabreneur, a pan-Arab initiative that seeks to create an enabling ecosystem for young Arab entrepreneurs, today announced its second cycle of investments in three high-growth Palestinian start-ups. The announcement was made on the sidelines of the ArabNet Digital Summit 2014 currently underway at Atlantis – The Palm in Dubai. The three...
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