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...
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 ...
MEVP (Middle East Venture Partners) one of the leading and active Venture Capital firm in the Arab market has announced that it closed several investment rounds with the following companies at an average ticket price of $ 600,000:
Series A in Jordan based Gate2Play.com
Gate 2 Play is a specialized end-to-end e-payment aggregator, addressing ...
Following the news last April that Zawya is expected to be sold in a multi million dollar deal, Thomson Reuters announced today that it has acquired Arab world business portal and financial information service provider Zawya.
This news means that Saffar Holdings, a Dubai investment company that holds a 60 per cent stake in Zawya has successful...
MENA Private Equity Association has launched a VC legal documentation guide designed to give entrepreneurs a practical understanding of the basic terms involved in a venture capital transaction.
The guide focuses on issues specific to the Middle East and North Africa, and also includes a standard term-sheet template format. Standardized doc...
E-commerce in the region is reaching the tipping point, as the market seems more mature to deal with this type of commerce, yesterday LivingSocial one of the leading group buying sites in the world acquired GoNabit.
Earlier this month, Ideavelopers closed a deal with Sherif Nassar, Founder and CEO of nefsak.com, where Ideavelopers will invest 1...
Zynga which owns the most popular games on Facebook such as farmville and city Ville was sued by an Abu Dhabi-based investment firm that claims it is being denied the chance to purchase a stake in the company - according to Bloomberg.
Alpha Investment has a contract to buy one million shares of closely held Zynga from Andrew Trader, a former exe...
ArabCrunch over Twitter around a week ago said that AC's founder was aware he was under surveillance, he confirmed that he was aware since several months ( might mean 5-7 or 20 or 40:) (surveillance: that does not necessarily mean on the ground or just online by NSA, we do not comment at this point for security reasons.)
The leak from the US S...
It is not a jock Obama's administration plan for "entrepreneurship" in the Muslim and Arab world, as the U.S. government Overseas Private Investment Corporation (OPIC) approved recently a total of $455 million in financing to support the establishment of five private equity investment funds.
We have gathered data about the U.S. federal ...
Arab Sovereign Funds are becoming more active investing in Media and IT companies around the world, on thursday Libyan Investment Authority (LIA) has made an investment in Pearson Publishing the owner of Financial Times. LIA bought 3.01% stake in Pearson for $324 Million, making it the 3rd largest share holder. Pearson is listed in the London and ...
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