UAE-based e-commerce startup WEE has concluded a pre-Series A round at $12 million, after raising a $10 million investment, comprising equity and credit facilities, from SIG Investment. Founded in 2021 by Anastasia Kim, Oleg Dashkevich and Sergey Kolikov, WEE is an online marketplace that offers fast delivery services. The investment...

UAE-based logistics startup Shorages has raised a $1 million pre-Series A funding round, led by Joa Capital, as part of their S3 Ventures Fund Founded in 2019 by Rayan Osseiran, Shorages provides fulfilment centres around the UAE, and now the KSA, for e-commerce platforms to receive inventory and dispatch orders across the GCC region. ...

UAE-based healthcare private equity firm “TVM Capital Healthcare” has invested $17 million into Munich-headquartered healthtech Neurocare Group AG Founded in 2015 by Thomas Mechtersheimer, neurocare specialises in personalised mental health care, providing solutions to empower clinicians to deliver the best care to their patients.  TVM...

Ten Egyptian startups have won the prizes of the joint Saudi-Egyptian programme VMS Bridge, aimed at supporting startups in Egypt and Saudi Arabia.  The programme aims to provide opportunities for growth and expansion locally, regionally, and internationally, bridging the gap between the entrepreneurial ecosystems in Egypt and Saudi Arabia....

Egypt-based fintech Bokra has closed a $4.6 million pre-Seed round led by DisrupTech Ventures, and SS Capital, among other investors. Founded in 2023 by Ayman El-Sawy, Bokra helps retail and SME investors save and invest across multiple asset classes. The funds will be used to launch the Bokra app, expand the range of investment products,...

Startups Without Borders will launch the fifth edition of its annual summit, which will take place on May 10-11 at Kamelizer Spaces in Cairo.  Launched under the theme “Break Borders, Build Global Horizons," the summit will bring together 3,000 innovators from around the world alongside key players in the tech industry. The summit will...