Dec 30, 2024 · An article by Vera Modenova, COO at Flowwow. E-commerce in the Middle East and North Africa (MENA) region is experiencing rapid growth, projected to reach nearly $50 billion by 2028. New technologies change how online retail works, creating both new opportunities and some challenges for businesses.

Dec 10, 2024 · UAE-based B2B autotech BuyAnyAutoPart has secured $750,000 in pre-Seed funding from Galadari Brothers, 6G Capital, and other undisclosed investors.

Dec 17, 2024 · Lebanon-founded music streaming app Anghami Inc. has secured a $55 million funding round from OSN Group, $12 million of which is an initial investment in a convertible note programme.

Jan 13, 2025 · The startup ecosystem in the Middle East and North Africa (MENA) showed a significant deceleration in December 2024, raising $$279 million across 42 deals. However, when debt financing is removed, which accounts for 44% of the total value, the amount drops to $156 million. This reflects an 8%

6 days ago · US-based VC firm 500 Global has launched the 500 MENA L.P. fund, dedicated to investing in high-growth technology startups across the MENA region. 500 MENA L.P. is backed by Jada Fund of Funds and Saudi Venture Capital (SVC). It is also supported by Sanabil Investments. The Fund will invest ...

Dec 9, 2024 · As Q4 2024 almost comes to an end, tech startups in the Middle East and North Africa (MENA) demonstrated significant momentum, securing an impressive $258 million through 46 deals in November, a 92% increase month-on-month and a 196% down from the $764 million raised in the same month last year.However, when discounting the debt financing from the previous year's total investment, the ...

6 days ago · UAE-based retail SaaS provider Retailhub has raised an investment from Angelspark for an undisclosed amount. Founded in 2022 by Daniel Alimov and Roman Tikhonov, Retailhub is a platform that automatically updates stocks from …

3 days ago · Despite a funding decline, the Middle East and North Africa (MENA) startup ecosystem showed resilience, with rising deal volumes and sectoral diversity, as MENA startups recorded $2.3 billion in investments in 2024, a 42% year-on-year (YoY) decline. However, excluding debt financing, the decline is ...

Jan 20, 2025 · Wamda accelerates entrepreneurship ecosystems across the Middle East and North Africa region through its sector-agnostic investment vehicle, Wamda Capital, which invests in high-growth technology and tech-enabled startups.

Jan 21, 2025 · Oman-based SaaS provider Sampo AI has closed its pre-seed funding round, securing $750,000 co-led by Omantel Innovation Labs and Waad VC, with participation from Hexnture and a group of Saudi angel investors. Founded in July 2024 by Saif Al-Essai and Khalifa Manaa, Sampo AI helps e-commerce ...