Sindhu Hariharan | Page 2

As a publisher localizing global games in partnership with international partners to make them more culturally relevant for the Arabic market, Tamatem Games wants to utilize the funds to capitalize on the success it has had since its launch in 2014.

Enhance, a UAE-based tech startup that builds marketplace businesses to meet the needs of Middle East and Africa consumers, has closed seed funding of US$1.5 million.

The startup claims to be gaining traction steadily since the time it participated in the Barclays Egypt and Flat6labs-powered 1864 fintech startup accelerator, and it had also won first place in the startups track at the 10th MIT Enterprise Forum Arab Startup Competition held in Bahrain.

Buildrone is essentially a flying robot, armed with a 3D printer, which can spot leaks and fix pipelines from the air in hard to access or hazardous areas.

Elves successfully raised US$2 million in its seed round in December 2017- one that the startup terms as having been "heavily oversubscribed."

Co-founded by entrepreneurs Yousef Wadi, Kanaan Manasrah, and Shadi Al Shalabi in early 2017, Nestrom focuses on "delivering high-end, easy to deploy agricultural software products and solutions," and says that they aspire to "transform all farms into smart farms."

30 tech startups that are part of Batch 22 of 500 Startups' summer 2017 program in San Francisco have announced a ICO called the 22X Fund- a token offering which enables investors to invest in and own up to 10% equity in the group of startups.

Dubai startup eZhire, an app that wants to change the way you rent a car, has raised an undisclosed amount of seed funding in a round led by Jabbar Internet Group.

MAGNiTT, a platform that tracks and reports developments in the MENA entrepreneurship space, starts 2018 by taking a look at the year gone by and how it treated the region's startups.

For countries in the process of transitioning to becoming knowledge-based economies (as many Middle East nations are), it would be safe to say that investing in digital automation and science, technology, engineering, and mathematics (STEM), and breaking down the "geeky" stereotypes associated with these areas will be crucial first steps.

While the size of the current investment remains undisclosed, Justmop reported annualized gross revenue of more than US$10 million and over 25% month-on-month growth in the last six months.

Sihatech plans to use the funds to "improve its offering for the Saudi healthcare sector, expand its team, hire more local developers, and expand its core technology products," aiming to drive the healthcare goals part of the Saudi Vision 2030.

UAE-based One Click Delivery Services, a last-mile logistics tech startup, has raised undisclosed amount of funding from Middle East Venture Partners (MEVP) in its first external investment round.

Entrepreneurship is often considered to be a means to personal wealth creation, but then again, every once in a while, you also come across business propositions that have the potential to be considered national assets.

As an incorruptible digital ledger of economic transactions, blockchain is emerging as a new type of internet innovation that enables distribution of digital information without being copied.

UAE-based Crescent Enterprises has led a Series A round of investment totaling US$16 million in ColubrisMX and XCath, two US-based micro-robotic medical device enterprises.

Titled MENA Funding Evolution- How Has The MENA Investment Landscape Evolved, the study analyzes investments made in MENA's top 200 funded startups during the period of 2005-2017.

TreasuryXpress, an on-demand treasury management solutions provider, has closed a Series B investment of US$5 million from an investor consortium that includes Middle East Venture Partners (MEVP), iSME Capital, The Luxury Fund, and others.

The MENA startup ecosystem has a new exit that can help inspire the region's aspiring entrepreneurs to keep persevering toward their goals.

Basil Al Salem, founder and CEO of Kuwait-based hospitality group Gastronomica says he can't pick a favorite from the varied dining concepts in his portfolio, but admits that his business came into being thanks to his particular love for "quality" burgers.

If you are one of those football fans who often has an itch to play a quality game, but just can't seem to find enough people to get a match started or a good enough space in your city, here's help at hand.

The Foodics software manages sales, transactions, inventory, employee schedules, and customer relationships among other F&B operations using iPads as a point of sale (POS) device at restaurants.

The regional and global investors who pitched in for this investment in Democrance includes prominent tech investors Jabbar Internet Group, and London-based global insurtech-focused VC firm Eos Venture Partners, UAE-based Turn8, F-Horizon Group from Saudi Arabia, Seedstars, and other angel investors from MENA, Europe, South Asia and the US.

Qpal beat 12 other finalists selected from a total of 190 entrants to emerge as winners of Visa's first-ever MENA edition of the Everywhere Initiative.

British entrepreneurs Michelle Mone and Douglas Barrowman have launched a bitcoin-priced residential and commercial development in Dubai.

MAGNiTT MENA's Q3 2017 Funding Report is here, and the data reinforces the powerful surge of fundraising wins in the ecosystem that we've all been coming across lately.

The investment was raised from 65 private family offices and High Net Worth Individuals (HNWI) belonging to the GCC and larger MENA regions.

Currently available only in the US market, Swych looks to leverage the reach of UAE Exchange to grow its digital gifting services in emerging global markets.

Darpedia, a platform connecting homeowners with interior design professionals, has raised US$200,000 from two undisclosed regional angel investors.

When the startup recently decided to raise funds to scale up further, el Grocer chose to step away from the venture capital route, and instead tried crowdfunding to help fuel its growth.