Wamda
Written by Kevin Holliday (Managing Director) and Mohand Nour (Strategy & Partnerships Director) of C3, a UAE-based startup accelerator. The Middle East is home to some of the world’s most prominent sovereign wealth funds. Fuelled by a concerted push for economic diversification and widespread tech adoption, a vibrant venture ecosystem...
Lebanon-based agritech Garbaliser has secured a $436,000 investment from Shark Tank Dubai for a 12 per cent stake in the company. Founded in 2020 by Hanan Ismail and Zeinab Ismail, Garbaliser eliminates pollution by turning organic waste into liquid, eco-friendly fertiliser. The company will use the funding to extend their operations...
Tunisia's fund of funds "ANAVA", managed by Smart Capital, has made a $4.3 million investment in Janngo Capital Startup Fund (JCSF), a technology fund focused on Africa and promoting gender equality. This marks Janngo Capital Partners' second investment vehicle. With a target size of $65 million, the JCSF plans to invest in 25 startups in...
Egypt-based edtech Sprints.ai has raised a $3 million bridge round, led by Disruptech Ventures, with investments from EdVentures and CFYE, among other investors. Founded in 2020 by Ayman Bazaraa and Bassam Sharkawy, Sprints bridges the tech talent gap in the MEA region by preparing qualified talent for the labour market with a guaranteed...
Bahrain-based loyalty programme, Ahlan App has raised a $3 million investment at a valuation of $15 million, led by Hope Ventures, along with Al Rajhi Holdings and other angel investors. Launched in 2021 by Faisal Rashed, Ahlan is a loyalty programme and delivery platform that rewards its customers for their loyalty with cashback directly...
It is no secret that expansion to Saudi Arabia has become notorious for being extremely costly, with complaints of corporate service providers (CSPs) and law firms charging sky-high fees for landing services rampant among foreign entrepreneurs. At Tawaref, we have heard similar feedback from the tens of startups we meet monthly. By and large, companies...
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