• Monday, 22 February 2021

    MENA startups break records in 2020 with 256 active investors

    A record number of venture capital investors provided finance to MENA-based startups last year, despite the disruption caused by the covid-19 pandemic, according to Magnitt’s 2021 MENA Investor Ranking Report (pdf). Last year saw 256 active investors provide capital to...
  • Sunday, 11 October 2020

    Payroll management startup NowPay raises USD 2.1 mn in seed funding

    STARTUP WATCH- Payroll management startup NowPay has raised USD 2.1 mn in seed funding from a group of Egyptian, US, UAE and Chinese investors led by Foundation Ventures and Endure Capital, according to a company statement (pdf). BECOCapital, 500 Startups,...
  • Thursday, 1 October 2020

    500 Falcons managing partners exit firm to start new fund

    MOVES- 500 Falcons managing partners Sharif El Badawi and Hasan Haider will leave the firm to start a new fund focused on late-stage seed rounds, Menabytes report, citing a company statement. El Badawi and Haider will announce the details for...
  • Thursday, 27 August 2020

    My WFH Routine: Laila Hassan, Principal at 500 Falcons

    Laila Hassan, principal at 500 Falcons, 500 Startups: My Morning / WFH Routine looks each week at how a successful member of the community starts their day — and then throws in a couple of random business questions just for...
  • Tuesday, 12 May 2020

    Brimore raises USD 3.5 mn in pre-series A investment

    STARTUP WATCH- Cairo-based social commerce platform Brimore has raised USD 3.5 mn in a pre-series A funding round led by Algebra Ventures, the company announced in a statement to Enterprise (pdf). Flat6Labs, Disruptech, Vision Ventures and 500 Startups also participated...
  • Monday, 11 May 2020

    Egyptian e-commerce startup Source Beauty lands pre-seed funding from 500 Startups

    STARTUP WATCH- Source Beauty raises pre-seed funding from 500 Startups: Source Beauty, an Egyptian e-commerce startup focused on beauty products, has raised an undisclosed amount from venture capital firm 500 Startups in a pre-seed funding round, according to a company...
  • Sunday, 3 May 2020

    Egypt-based blockchain email service provider Pravica raises USD 500k pre-seed funding round

    STARTUP WATCH- Egypt-based blockchain email service provider Pravica has raised a USD 500k pre-seed funding round led by 500 Startups, Magnitt reports. Modus Capital and Dyres Ventures also participated in the round. Pravica, which was originally named Dmails, plans to...
  • Thursday, 27 February 2020

    Garment IO secures USD 450k in seed funding

    STARTUP WATCH- Garment IO secures USD 450k in seed funding: Cairo-based software company Garment IO has raised USD 450k in seed funding from Egypt Ventures and accelerator 500 Startups, Menabytes reports. The Software as a Service company produces software to...
  • Sunday, 15 December 2019

    Dental marketplace DentaCarts raises USD 450k investment

    STARTUP WATCH- Dental marketplace DentaCarts raises USD 450k investment: Egyptian dental marketplace DentaCarts secured USD 450k from AUC Angels, Asia Africa Investment & Consulting, and 500 Startups in an investment round that closed a few months ago, the startup told...

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