Dubai-based early-stage venture capital firm COTU Ventures is announcing that it has raised $54 million for its inaugural fund to support startups in the Middle East from pre-seed […]
QIA to invest $1 billion in international and regional venture capital funds
The Qatar Investment Authority (QIA) is launching a $1 billion venture capital (VC) fund of funds for international and regional venture capital funds, the sovereign wealth fund announced […]
Tencent’s gaming cash cow Honor of Kings sets sights on MENA
Honor of Kings, Tencent’s massively popular mobile game, has its eye set on the international market in 2024. Starting on February 21, the multiplayer online battle arena (MOBA) […]
DXwand raises $4M to scale its conversational AI platform serving enterprises in MENA
DXwand, a Cairo- and Dubai-based startup that leverages conversational AI to help businesses in the Middle East automate customer service and employee assistance, has raised $4 million in […]
Homegrown African VCs emerge to fill in the gaps foreign investors cannot
The African startup scene is expanding beyond the traditional markets of Egypt, Kenya, Nigeria and South Africa, with accelerated activity now reported in other regions across the continent. […]
Aleph Farms’ cultivated beef process receives blessing from Israeli government
Aleph Farms received regulatory approval in the form of a “No Questions” letter from Israel’s Ministry of Health for its cultivated beef manufacturing process. Aleph, an Israel-based cellular […]
Re-commerce marketplace Soum gets $18M backing to scale in MENA
The global re-commerce market is poised for growth as consumers increasingly settle for pre-owned goods to save on cost, and as some observe conscious consumption. With the global […]
OpenAI taps former Twitter India head to kickstart in the country
OpenAI is working with former Twitter India head Rishi Jaitly as a senior advisor to facilitate talks with the government about AI policy, TechCrunch has exclusively learned. OpenAI […]
Omniful, a supply chain and e-commerce enablement startup, emerges from stealth with $5.85M
Supply chain and e-commerce enablement startup, Omniful, has today emerged from stealth with $5.85 million seed funding led by VentureSouq, with participation from 500 Global, DASH Ventures, Jahez […]
Egypt’s Mtor nabs $2.8M pre-seed for its online auto parts marketplace
Egyptian online auto parts marketplace Mtor has raised $2.8 million in pre-seed investment led by MENA-focused venture capital firm Algebra Ventures. Other investors that participated in the round […]