
Breadfast doubles revenue in 2023, valuation hits $257 million
Breadfast, the leading grocery delivery platform in Egypt, doubled its revenue in USD terms in 2023, the recently announced financials of one...

MoneyHash raises $4.5 million seed to grow its ‘payment operating system’ for Middle East & Africa
Cairo-born fintech MoneyHash has raised $4.5 million in a seed round led by Dubai’s COTU Ventures and Saudi’s Sukna Ventures, it announced...

Amir Farha’s COTU Ventures closes $54 million for debut fund to write early checks for MENA founders
COTU Ventures, a Dubai-based VC firm, founded by Amir Farha, has closed its inaugural fund with $54 million, it announced in a...

Jumia cuts losses by 68 percent in 2023 but orders and revenue also take a hit
Jumia, the leading African ecommerce platform that operates in eleven markets of the region, including four in North Africa, reported a 68...

Sawari Ventures to launch a new $150 million fund to invest in Egyptian startups
Sawari Ventures, one of the leading and oldest VC firms in the Egypt plans to launch a new $150 million fund to...

Interview: Khaled Talhouni on VC in MENA, exits, governance, and Nuwa Capital
Khaled Talhouni is the Founder and Managing Partner of Nuwa Capital. Previously, he served as a Managing Partner at Wamda Capital, where...

Saudi startups dominate $100 million rounds in 2023
There were a total of five $100 million rounds in 2023, with three of them being in fintech and two in ecommerce....