Startups
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4.7KLittleBits, an educational toys startup founded by Lebanese female entrepreneur, gets acquired by Sphero
LittleBits, a New York-based education startup that invented the electronic building blocks and a hands-on learning system around it, allowing students of...
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7.5KMeet the three startups from Egypt & Iraq that just graduated from Y Combinator’s S19 batch, receiving $150,000 investment (each)
Y Combinator’s summer 2019 (YC S19) batch had 197 companies that graduated from the Silicon Valley-based accelerator program after completing the twelve-week...
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5.9KSaudi’s Nana Direct closes $6.6 million Series A for its online grocery platform
Nana Direct, a Riyadh-based online grocery platform has closed it’s Series A with $6.6 million, the startup announced in a statement earlier...
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11.1KExclusive: Swvl’s last round (Series B-2) valued the company at $157 million
Cairo-based transportation startup less than two months ago announced closing of it’s $42 million Series B-2 led by BECO Capital and Sweden’s...
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8.2KSaudi’s Hazen.ai raises seven-figure seed to detect dangerous driving behavior through video analysis
Makkah-based traffic monitoring and analysis startup Hazen.ai has raised seed funding from Saudi Aramco’s VC arm Wa’ed, Wa’ed said in a statement...
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10.4KEgypt’s Chefaa raises six-figure seed for its on-demand medicine delivery platform
Cairo-based healthtech startup Chefaa has raised seed funding in a round led by 500 Startups with participation of Flat6Labs (follow-on investment) and...
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9.3KCairo-based trucking marketplace Trella joins Y Combinator, eyes regional expansion
Cairo-based trucking marketplace has joined Y Combinator, the startup announced in a statement to MENAbytes, saying that it’s part of YC’s Summer...
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7.9KEgypt’s Fawry goes public with shares soaring 31% on first day, taking market cap to ~$366 million
Eleven-year-old Egyptian electronic payments company Fawry, after months of hype, finally went public on The Egyptian Exchange (EGX) on Thursday in first...
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9.6KMiddle East-focused Chinese ecommerce platform Jollychic raises $65 million from a UAE-based company
Jollychic, a Chinese cross-border ecommerce platform focused on the Middle East has recently closed it’s Series C+ (Series C-2) round, the company...
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6.6KDubai’s MEVP invests $2 million in Pakistani motorbike ride-hailing and logistics startup Bykea
Dubai-based leading regional VC Middle East Venture Partners (MEVP) today announced in a statement to MENAbytes that they have invested $2 million...