Jollychic, a Chinese e-commerce platform focusing on the Middle East region, recently completed its US $65m (AED 238.5m) Series C+ funding round.
MS Pharma, a pharmaceutical company based in Amman, Jordan, is to acquire Genepharm, a Athens, Greece-based pharmaceutical company.
Tamatem, an Amman, Jordan-based maker of localized versions of popular games for Arabic speaking countries, raised $2.5m in Series A funding.
MS Pharma, an Amman, Jordan-based pharmaceutical company operating across the META region, raised $45m in equity funding.
ArabiaWeather Inc., an Amman, Jordan- and Dubai, UAE-based based weather company, raised $5.0m in funding.
San Jose, CA-based Fenox Venture Capital has teamed up with Tokyo, Japan-based CAC Holdings to launch a new $20m fund.
Wysada, an Amman, Jordan-based online retailer of home goods and interior furnishings in the Middle East, raised more than $5m in Series A funding round. The round was led by Badia Impact Fund with participation from new strategic investors from the Kingdom of Saudi Arabia and the Gulf Cooperation Council alongside existing investors. The company intends […]
Mixed Dimensions, Inc., an Amman, Jordan-based provider of a browser-based 3D design tool, raised little under $1m in seed funding. Backers included venture funds and angels in the USA, Europe and Middle-East, including the Badia Impact Fund and Ecosystem Ventures, along with the Alchemist Accelerator, which incubated the company in 2013. The company, which has […]
Cisco Systems (NASDAQ: CSCO) made a $6m investment in Jordan-based Badia Impact Fund. The fund, which is also backed by the European Investment Bank, the King Abdullah Fund for Development and Silicon Badia’s parent company Accelerator Technology Holdings, focuses on supporting early-stage companies in online, mobile, health care, e-commerce, consumer Internet and digital media sectors. […]
Amman, Jordan-based Oasis500, MENA region early stage investment firm and technology start-up accelerator program, has launched a new initiative targeting established businesses. Created to complement its seed and early-stage activity, the new investment track focuses on companies that have been operating in the market for over 1-2 years and need capital to accelerate their product […]
Jeeran, a Jordan-based company that is developing a web community platform, has received an investment of undisclosed amount from Intel Capital, Intel Corporation’s global investment organization. Jeeran aims to introduce an innovative approach in the social networking industry by providing Arab users with the tools and creative means to communicate and interact (self-created videos, photos, […]
ShooFeeTV, a Jordan-based content provider and aggregator of Arab satellite channel listings, has received an investment of undisclosed amount from Intel Capital, Intel Corporation’s global investment organization. ShooFeeTV centralizes information for more than 270 channels. The information includes programming data, celebrity news, pictures and video clips with 800,000 unique entries, movies, trailers and photographs. The […]
Dubai-based Abraaj Capital Group agreed to acquire Riyada Ventures, a venture capital firm operating in the Middle East and North Africa (MENA) region. Founded in 2005, Amman, Riyada Ventures is headquartered in Amman, Jordan and operates an office in Cairo. The firm will be integrated by Abraaj into its newly launched regional SME and Entrepreneurship […]