Batuta, a Ramallah, Palestine-based travel online site, secured a $2.5m in Series A funding. The round was led by Siraj Palestine Fund I. The company intends to use the funds to continue investing in growth of its core business, as well as developing a new booking platform. Founded in December 2012 by Amir Ounallah and […]

WebTeb, a Ramallah, Palestine-based health and lifestyle portal, raised $3.2m in Series C funding. The round was led by Sadara Ventures with participation from existing backer Siraj Palestine Fund. Led by Dr. Mahmoud Kaiyal, Founder and CEO, WebTeb operates a large physician directory in the Arabic speaking market to allow patients to find doctors based […]

Ramallah, Palestine-based travel startup Yamsafer has raised $1m in Series A funding. The round was le by led by Sadara Ventures. The company plans to use the funding to scale its technology and migrate it to mobile platforms, to expand customer acquisition efforts and strengthen partnerships with hoteliers. Launched in September 2011 by CEO Faris […]

MEVCF – The Middle East Venture Capital Fund has secured $28.7m from international investors. Backers include Cisco, Google, The Soros Economic Development Fund, Skoll Foundation, Jean and Steve Case, and the European Investment Bank, among others. The Ramallah-based fund, which will be managed by Saed Nashef, is beginning to evaluate opportunities targeting Palestinian technology companies.  […]

The Palestine Investment Fund (PIF), a publicly owned investment fund which aims to strengthen the Palestinian economy through key strategic investments, and private equity group Abraaj Capital announced the first closing at US$15m of a US$50m venture capital fund. The vehicle will focus on investing in small- and medium-sized enterprises (SMEs) across a range of […]