Posts Tagged ‘Investment’


Screenshot Lebanese hardware startup littlebits who got its seed investment round from mostly Arab investors like Fadi Ghandour Chairman of Wamda and founder of Aramex, has secured series B in funding of $11 million from Foundry Group, Vegas Tech Fund, Two Sigma Ventures and angel investors Jun Makihara, Jay Dvivedi and Mohamed Nanabhay. The round was led b...
Screenshot On August 4th, Ideavelopers and Vodafone Egypt signed a new EGP 6 million (858,630 US Dollar) investment deal with Swipe'n'tap, a Cairo-based technology startup. In a time when Egypt is facing immense challenges, young ambitious Entrepreneurs provide a beacon for hope. This is Ideavelopers’ 22nd investment in a technology startup since 2004....
Screenshot Dubai UAE based Wally joined over 1,000 online and technology startups and entrepreneurs at ArabNet’s Digital Summit in Dubai to announce its first phase of funding in the amount of $400,000 (approximately AED 1.5 million). “Securing our first round of funding is an important milestone for the company, and one which will allow us to scale an...
Screenshot 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...
Screenshot 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...
Screenshot 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...
Screenshot MEVP has announced investment of $1.9 Million in Cedar Book, Shahyia.com and Shawarmanji. Cedar Books (e-commerce): $1M equal co-investment between MEVP’s two funds Middle East Venture Fund MEVF and Building Block Equity Fund BBEF (both funds managed by MEVP) Co-founded by Sany Nawfal and Cyril Hadji Thomas, Cedar books is a global e-com...
Screenshot 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...
Screenshot 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...
Screenshot 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...
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