TagVideo

MENA’s Digital News, Week #28

A weekly round up of the top headlines from the digital sector in MENA, covering startups, corporate and the public sector.

This week was so packed I had to further split sections and cut out some news to make it even reasonable to follow! Good times ahead

Investments (and 1 IPO)

Network International Sells $1.4B of Stock in Europe’s Biggest IPO of 2019 YTD https://bloom.bg/2uWGtpZ 

YaLLa Esports, MENA esports entity, raised seed funding round from a group of “strategic investors” http://bit.ly/2U4QI62 

Haseel, Saudi fresh food’s mobile app, raises funding led by Riyadh Taqnia Fund and joined by Vision Ventures and 500 Startups (EN) http://bit.ly/2KuUhCU (AR) http://bit.ly/2XbNFuP 

PointCheckout raises $600k from Arzan VC, 500 Startups, Dubai Angel Investors, Hala VC, and DTEC Ventures. http://bit.ly/2UqDTI5 

CaptainPanel, Kuwaiti SaaS for maritime activities, raises $1.2M from Faith Capital and 500 Startups. (CaptainPanel is an expansion of Fishfishme, the yacht/boat booking platform started in 2012) http://bit.ly/2GhDf63 

Oliv, dubai based career portal, raises $2M in series A ed by Aloshban and Alnamlah Family Groups in Saudi Arabia, and Mohammed Khoory in the UAE http://bit.ly/2OVvJl2

ProTenders, Dubai based “construction intelligence and procurement company”, raises $3M in pre-series A from undisclosed investors http://bit.ly/2UIZTNC

ArabyAds raises $6.5M in funding from Equitrust, the investment arm of Choueiri Group http://bit.ly/2OScbhz 

Shedul, booking platform for salons and spas, raises $20M in Series B at a $105M valuation https://tcrn.ch/2Z1npVr  

AWOK.com, Dubai based e-commerce platform, closes $30M series A from StonePine ACE Partners and Al Faisaliah Ventures and co-invested by Endeavor Catalyst http://bit.ly/2G9qR9k 

Acquisitions

Noon “acquires” Sivvi, Dubai based eCommerce, owned by Rashid Al Abbar, Mohammed Al Abbar’s Son http://bit.ly/2VpNScZ 

Bayut acquires Rocket Internet’s property portal Lamudi in UAE, Saudi & Jordan to fuel its expansion across GCC http://bit.ly/2UKr3E2

Vista Global, Dubai based charter flights booking, to acquire JetSmarter, US based on demand charter booking app http://bit.ly/2IrPMq

Property Finder to Acquire JRD Group, UAE-based real estate technology provider http://bit.ly/2U520Hp 

Sector News

Choueiri Group launches a TV attribution performance product, “Brand4mance” http://bit.ly/2D0isTl

Twitter MENA, signs content partnership deals with 17 media houses to produce / host featured content http://bit.ly/2GcSnmj

Reebok launches eCommerce site to serve the UAE and Saudi markets http://bit.ly/2IsWn3H

Uber partners with Dryve, egypt-based car-sharing platform http://bit.ly/2P1LM0V 

AlAnsari Exchange, UAE, to launch multi-currency travel card with Wirecard, Germany http://bit.ly/2uYaXIf

Zoho partners with Paytabs in MENA as part of their regional expansion http://bit.ly/2InGrzH 

Funding Ecosystem

Seedstars announces $100M fund to invest in African tech startups in collaboration with Paris based First Growth Ventures http://bit.ly/2D2fk9w

Saudi Arabia to Launch a Bank for SMEs http://bit.ly/2UuMx7B 

AfricInvest and Cathay Capital launch $169M African venture fund http://bit.ly/2P7XAyE

Startupbootcamp FinTech Dubai Accelerator adds Mashreq bank as a backer for the program (Visa, HSBC and Dubai International Financial Centre (DIFC) are already onboard). http://bit.ly/2Uu8epd

IFC is now backing both Startupbootcamp Fintech Cairo and AUC Venture Lab http://bit.ly/2KuDcsT

The World Bank allocates $200M to support entrepreneurship and SMEs in Egypt http://bit.ly/2Dac4Jz 

Mubadala opens NY office, focus on financial services, private equity https://reut.rs/2UNJ8kw

Government Support

UAE government to offer long-term (5 year) visas to start-ups, starting with the “top 100 startups” selected for the World Economic Forum that just took place in Jordan http://bit.ly/2U48XbP 

UAE and Saudi Arabia sign MoU to develop digital education system. MoU also involved university twinnings across 8 universities – no details on the MoU’s detailed outlook yet http://bit.ly/2DjOeez

Badir Program, Saudi, partners with Propeller in Jordan, http://bit.ly/2Ua00gU

Long Reads

Mintrics launches report on the State of Social Video in Egypt (in time for Ramadan preps) http://bit.ly/2G8Gn5f


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