Wamda accelerates entrepreneurship ecosystems throughout the MENA region by joining Wamda Capital, the most active, multi-stage, sector agnostic venture capital fund investing in high growth technology or technology-enabled startups across the MENA, and the leading knowledge platform offering integrated programs including media, community development, research, Wamda’s fellowship program Wamda X, as well as corporate and government advisory services to the various stakeholders of the MENA startup ecosystem.

Wamda ومضة

Wamda

Wamda is an entrepreneurship empowering platform for entrepreneurs in the Middle East and North Africa. 

It takes a 360 degree approach to providing the support that entrepreneurs need, filling the gaps in the emerging MENA ecosystem via three primary platforms: a media site that is the leading source for startup and entrepreneurship news in the region, a fund, which is the largest early stage investment fund in the region, and a programs arm, that includes our Mix N' Mentor event series. 

Wamda is run by a passionate team of entrepreneurs and experts and by a board of leading serial entrepreneurs and investors.

استثمرت منصة Modus Capital الاستثمارية، الإماراتية، مبلغ 2.8 مليون دولار، وذلك في 8 شركات ناشئة خلال عام 2023، وذلك عبر برامج تصنيع الشركات Venture Builder الخاصة بها.

UAE-based Your Compass has participated in Turkey-headquartered cloud kitchen operator Fork N Knife’s $800,000 Seed round.

Founded in 2022 by Yasser Nasr Aldin, Fork N Knife offers a cooking as a service (CAAS) model, allowing restaurants and food enthusiasts to start and expand their own food businesses without any initial capital.

#UAE #Startups #Investments #Turkey #Mena #CloudKitchen

UAE-based Modus Capital has announced the launch of eight new startups as part of its venture builder programme, investing $2.8 million across these newly-launched ventures.

These startups include JamaliBox, MDBX, Monet, Oscar, Seva, Sindbad, Stornest, and Your Social Smile. 

#Startups #UAE #Funding #Investments #Mena

Lebanon-based agritech DOODA Solutions is set to receive a $100,000 grant after being named the winner of this year’s PepsiCo Greenhouse Accelerator APAC: Mena Sustainability Edition.

Founded in 2018 by Nada Ghanem, Dooda Solutions, specialises in producing premium-grade vermicompost, and organic fertilisers on a commercial scale. Its nutrient-rich vermicompost enhances soil fertility and improves crop productivity.

#Startups #Investments #Funding #Agritech #Mena

After securing $8 million in Series A funding, Tunisian edtech startup GOMYCODE expanded across Africa with 40 centres in 10 countries.

Yahya Bouhlel, the startup's co-founder, talks to us about their expansion strategies, product and location-wise.


#Startups #Investments #Funding #Tusnisia #edtech

WayUp Sports, an Egypt-based marketplace for sports equipment and apparel, has raised a Seed round led by Beltone Venture Capital and Index Sports Fund. The amount raised remains undisclosed.

Since its launch in 2021, WayUp Sports has partnered with more than 70 local and international brands offering 10,000 products for more than 100,000 customers.

#Startups #Investments #Funding #Mena #Egypt

UAE-based online streaming platform OSN+ has merged with the Lebanon-founded music streaming app Anghami Inc. in a deal worth $50 million.

#UAE #Streaming #Mena #Startups #Investments

Wamda Capital has participated in a $4.7 million Seed round for Turkey-based healthtech startup, Salus.

Founded in 2022 by Alperen Adikti and Bahar Ayberk, Salus is a corporate mental health platform that offers a myriad of services ranging from therapy and coaching sessions to self-care content. 

#Startups #Healthtech #Investments #Funding #Mena

The UAE and Saudi Arabia are eyeing South Korea’s startup ecosystem with aims to draw its startups to their own countries, enabling knowledge and technology transfer

To solidify Saudi Arabia's interest in that ecosystem, a $160M Saudi-South Korean venture fund was launched in Saudi Arabia

In regard to the UAE, DIFC recently signed an MoU with Seoul’s government to drive financial service innovation and foster collaboration

Read the full article (https://bit.ly/3uo3Lr0) to learn some of the lessons that our team learned from South Korea’s startup ecosystem and what has made it so attractive to the GCC

#Startups #startupsuccess #GCC #southkorea #Funding #Investments

Morocco-based B2B e-commerce and fintech startup Chari has raised an undisclosed investment amount from UM6P Ventures, the investment fund of Mohammed VI Polytechnic University.

Founded in 2020 by Ismael Belkhayat and Sophia Alj, Chari lets retailers purchase large quantities of inventory items directly from suppliers.

#Startups #B2B #Ecommerce #Fintech #Funding #Investments Chari | YC S21 | Ecom and Fintech apps for retailers in Francophone Africa

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