VC React Podcast (Ahmad Takatkah (VCpreneur))
Explore every episode of VC React Podcast
| Pub. Date | Title | Duration | |
|---|---|---|---|
| 17 Oct 2024 | VC React Podcast (E15): Managing a Large Seed Fund, FoFs in MENA, Global vs. Local Startups & VCs | 00:51:48 | |
VC React Podcast: Every week, we bring you insights and reactions from top VCs, reacting to the latest news on MENA startups, VCs, and investment rounds. Stay tuned for: expert analysis, independent opinions, and maybe some heated conversations! Host: Ahmad Takatkah, VCpreneur. Sign up to VCpreneur Newsletter on https://www.vcpreneur.com/ Co-Host: Jamie Lane, FWDstart. Sign up to FWDstart Newsletter on https://www.fwdstart.me/ --- Available on:
--- Guests: 1. Asher Siddiqui, General Partner @ Sukna Ventures - LinkedIn Profile: https://www.linkedin.com/in/ashersiddiqui/ - VC Firm Website: https://suknaventures.com/ 2. Faris AlRashed, CEO @ Sharaka - LinkedIn Profile: https://www.linkedin.com/in/faris-alrashed-alhumaid-271b7210/ - VC Firm Website: https://sharaka.sa/en/home/ 3. Tamer Al Salah, Managing Director @ Beyond Capital - LinkedIn Profile: https://www.linkedin.com/in/tamer-al-salah-20a60616/ - VC Firm Website: https://www.beyondcapital.vc/ --- #startups #vc #tech #ai #investments #entrepreneurship #venturecapital #venturedebt #privatecredit #privateequity #finance #business #ipo #acquisitions #limitedpartners #revenuebasedfinancing #fintech #climatechange #edtech #accelerator #cvc #web3 #crypto #blockchain #DeFi --- News of the week brought to you by FWDstart. In Today's Episode: - Saudi Venture Capital Invests $15M in a $90M VC Fund by Vision Ventures Source: Saudi Press Agency Summary: Saudi Venture Capital (SVC) said in a press release issued today that it is investing $15 million in Saqr Fund II, a venture capital fund managed by Vision Ventures. According to the release, Saqr Fund II, with a target size of $90 million, will invest in early-stage startups from pre-seed to pre-series B, with a sector-agnostic approach in Saudi Arabia and the larger MENA region. - Ejari raises $14.65 million in debt-equity Seed round Source: Wamda Summary: Saudi Arabia-proptech Ejari has closed a $14.65 million seed round, which consists of a mix of debt and equity, led by Partners for Growth (PFG), BECO Capital, anb seed, Rua Ventures, Alinma Bank (Alinma Pay), Vision Ventures and Aqar platform, Saudi Arabia’s leading property listing platform. The round also saw the participation of the existing investor, Salica Oryx Fund. Founded in 2022 by Yazeed Al-Shamsi, Fahad Albedah, Mohammed Alkhelewy, and Khalid Almunif, Ejari offers a rent now, pay later (RNPL) solution tailored for Saudi Arabia’s real estate rental market. The new capital will allow Ejari to strengthen its market share within the residential RNPL space, enhance its product and service offerings, and solidify its position as a key player in the Saudi rental market's growing RNPL segment. - UAE’s OCTA raises $2.25 million pre-Seed Source: Wamda Summary: The round is co-led by Quona Capital and Sadu Capital, with participation from Sukna Ventures, Plus VC, 500 Global, and notable angel investors, including Pawel Iwanow, Chief Payment Officer at Fresha, and Dom Monhardt, Director of Product Design at Tap Payments. Founded in early 2024 by Jon Santillan, Nupur Mittal and Andrey Korchak, the OCTA platform automates the process of collecting payments for SMEs, which improves cash flow management and reduces the pain of accounts receivable. OCTA has recently expanded into the Saudi market. --- (أحمد طقاطقه) --- | |||
| 08 Aug 2024 | VC React Podcast (E7): NVIDIA Acquisitions, Technical VCs, BNPL Model, Accelerator Startup Reviews | 00:48:10 | |
VC React Podcast: Every week, we bring you insights and reactions from top VCs, reacting to the latest news on MENA startups, VCs, and investment rounds. Stay tuned for: expert analysis, independent opinions, and maybe some heated conversations! Host: Ahmad Takatkah, VCpreneur. Sign up to VCpreneur Newsletter on https://www.vcpreneur.com/ Co-Host: Jamie Lane, FWDstart. Sign up to FWDstart Newsletter on https://www.fwdstart.me/ --- Available on:
--- Guests: 1. Saud Alsahhaf, Senior Associate @ Impact46 - LinkedIn Profile: https://www.linkedin.com/in/saudalsahhaf/ - VC Firm Website: https://impact46.sa/ 2. Zeina Mandour, Venture Investment Manager @ Dar Ventures - LinkedIn Profile: https://www.linkedin.com/in/zeina-mandour-38541260/ - VC Firm Website: https://dar.com/ #startups #vc #tech #ai #investments #entrepreneurship #venturecapital #venturedebt #privatecredit #privateequity #finance #business #ipo #acquisitions #revenuebasedfinancing #fintech #climatechange #edtech #accelerator #cvc --- News of the week brought to you by FWDstart. In Today's Episode: - NVIDIA Purchases AI Platform Brev.dev from Nama Ventures’ Portfolio Source: Waya Media Summary: Nama Ventures announces NVIDIA’s acquisition of Brev.dev, enhancing access to AI chipsets for startups. Brev.dev’s AI and ML platform, co-founded by Nader Khalil and Alec Fong, leverages NVIDIA GPUs to streamline AI model development on the cloud. Mohamed Alzubi, Founder and Managing Director at Nama Ventures, expressed his enthusiasm for the acquisition, commending Brev.dev for its exceptional team and innovative technology. Alzubi emphasized that NVIDIA’s recognition of Brev.dev’s potential is a significant milestone. - Lucky ONE Raises $3 Million in Convertible Note, Aiming for Profitability by Q1 2025 Source: EntArabi Summary: Lucky ONE, a consumer credit fintech company, has raised $3 million in convertible note funding, with participation from current investors such as Lorax Capital Partners, KEM, and DisrupTech Ventures. Founded in 2018 by Momtaz Moussa, Ayman Eissaoui, and Marwan Kanawy, Lucky ONE offers financial flexibility and purchasing power through a robust lending system, discounts, and cashback.The company will use the new funding to expand its credit platform services and extend its reach into regional markets over the next two years. - Oraseya Capital invests in seven startups through SANDBOX accelerator Source: Government of Dubai Media Office Summary: UAE-based SANDBOX, the accelerator programme backed by Oraseya Capital, has celebrated the graduation of seven startups as part of its fourth cohort. SANDBOX is a five-month accelerator programme, where participating startups benefitted from more than 50 hours of workshops that include access to an integrated package of financial analytics, marketing strategies and legal compliance programmes. Seven startups have made it to the finals, including Qureos, Herogo, Lisan, Sthrive, Zoya, JobEscape, and Opteam. Each startup received an investment of $150,000. --- (أحمد طقاطقه) --- | |||
| 26 Sep 2024 | VC React Podcast (E13): Growth Funds, Debt Funds, Mobility, EdTech, and Good News From Palestine! | 01:02:03 | |
VC React Podcast: Every week, we bring you insights and reactions from top VCs, reacting to the latest news on MENA startups, VCs, and investment rounds. Stay tuned for: expert analysis, independent opinions, and maybe some heated conversations! Host: Ahmad Takatkah, VCpreneur. Sign up to VCpreneur Newsletter on https://www.vcpreneur.com/ Co-Host: Jamie Lane, FWDstart. Sign up to FWDstart Newsletter on https://www.fwdstart.me/ --- Available on:
--- Guests: 1. Aboudi Al-Qattan, Principal @ Dash Ventures - LinkedIn Profile: https://www.linkedin.com/in/aboudi-al-qattan-8658abb3/ - VC Firm Website: https://www.dashventures.com/ 2. Faisal Hakki, Managing Director @ AB Ventures - LinkedIn Profile: https://www.linkedin.com/in/faisal-hakki/ - VC Firm Website: https://abventures.vc/ 3. Mark Kleyner, Co-Founder & CEO @ Dream VC - LinkedIn Profile: https://www.linkedin.com/in/markkleyner/ - VC Firm Website: https://www.dream-vc.com/ 4. Tambi Jalouqa, Managing Partner @ Propeller - LinkedIn Profile: https://www.linkedin.com/in/tambijalouqa/ - VC Firm Website: https://www.propellerinc.me/ #startups #vc #tech #ai #investments #entrepreneurship #venturecapital #venturedebt #privatecredit #privateequity #finance #business #ipo #acquisitions #limitedpartners #revenuebasedfinancing #fintech #climatechange #edtech #accelerator #cvc #web3 #crypto #blockchain #DeFi --- News of the week brought to you by FWDstart. In Today's Episode: - Ajeej Capital and Nuwa Capital launch $100m fund to boost tech companies in Middle East Source: The National News Summary: Amplify Growth Partners has launched a $100 million growth debt fund aimed at providing debt capital to technology-focused companies across the MENA region. - Merak Capital invests $82.2 million in Saudi tech-driven mobility platform SHIFT Source: Zawya Summary: Merak Capital has invested $82.8 million in SHIFT, a tech-driven mobility platform for people and products. - Algerian edtech LabLabee closes $3.4 million Seed round Source: Tech Point Summary: Algeria-based edtech startup LabLabee has raised $3.4 million in Seed funding, led by Reach Capital, with contributions from Classera, Brighteye Ventures, e& capital, and business angels like Cedric Sellin and Mohammed Husamaddin. - Ibtikar Fund II Announces Its Final Financing Closing Source: Ibtikar Fund Summary: Ibtikar Fund has closed its second venture capital fund, Ibtikar Fund II CV, at USD 25 million, with the European Bank for Reconstruction and Development (EBRD) joining as a Limited Partner. Notable investors include the Bank of Palestine, the Dutch Good Growth Fund (DGGF), and the International Finance Corporation (IFC). Key investments include companies like DataQueue, Mental, and Vatrin. - Global Investors Extend Line of Liquidity to High-Growth Palestinian Startups Source: Intersect Hub Summary: Intersect, a Ramallah-based tech hub and incubator, is pleased to announce the first close of a $5 million USD bridge financing facility that will extend the runway of Palestinian tech startups impacted by the ongoing war. This funding initiative, known as SAFE Palestine, will immediately provide urgently needed liquidity to 29 high-growth Palestinian startups, preserving over 300 existing jobs and creating new employment opportunities within the tech sector. The facility, which will provide equity and grants, is a response to challenges faced by startups, including the displacement, injury, or loss of employees in Gaza, supply chain and banking disruptions in the West Bank, and an already challenging macroeconomic fundraising environment for founders. --- (أحمد طقاطقه) --- | |||
| 22 Aug 2024 | VC React Podcast (E9): Web3 Summer In MENA! Dirham StableCoin, Global Outlook, Alternative Financing | 00:51:26 | |
VC React Podcast: Every week, we bring you insights and reactions from top VCs, reacting to the latest news on MENA startups, VCs, and investment rounds. Stay tuned for: expert analysis, independent opinions, and maybe some heated conversations! Host: Ahmad Takatkah, VCpreneur. Sign up to VCpreneur Newsletter on https://www.vcpreneur.com/ Co-Host: Jamie Lane, FWDstart. Sign up to FWDstart Newsletter on https://www.fwdstart.me/ --- Available on:
--- Guests: 1. Arnav Danthi, Principal @ Nuwa Capital - LinkedIn Profile: https://www.linkedin.com/in/arnavdanthi/ - VC Firm Website: https://www.nuwacapital.io/ 2. Fatima Abdulla, Associate @ Plug and Play Tech Center - LinkedIn Profile: https://www.linkedin.com/in/fatimaabdulla93/ - VC Firm Website: https://www.plugandplaytechcenter.com/locations/riyadh #startups #vc #tech #ai #investments #entrepreneurship #venturecapital #venturedebt #privatecredit #privateequity #finance #business #ipo #acquisitions #limitedpartners #revenuebasedfinancing #fintech #climatechange #edtech #accelerator #cvc #web3 #crypto #blockchain #DeFi --- News of the week brought to you by FWDstart. In Today's Episode: - Gate Ventures and Abu Dhabi launch a $100m global Web3 innovation fund Source: Blockchain Technology News Summary: Singapore-based Gate Ventures, the VC arm of Gate.io, and the Blockchain Centre in Abu Dhabi have launched a $100 million fund to drive Web3 innovation in the coming years. The joint fund, Falcon Gate Ventures, will enable Gate Ventures and the Blockchain Centre to synergise their expertise and resources to help young talents from key regions, including the USA, Asia, Europe, and the MENA region. Falcon Gate Ventures is designed to advance decentralised infrastructure and applications and accelerate the adoption of pioneering technologies. - Kuwait’s Kem secures $3 million investment from Tether Source: Wamda Summary: Kuwait-based fintech Kem has raised a $3 million investment from Tether, bringing the total investment Kem raised to date to $4.5 million. Founded in 2021 by Seth Sadeq, Zane Chichua and George Chichua, Kem is a P2P instant payment platform that allows users to send one another money using a QR code and forgoes the need to generate payment links or use traditional accounts. - Mithu Raises USD 500K in Pre-Seed Funding from Adaverse Source: Waya Summary: Mithu, a Saudi Arabia-based loyalty platform aggregator focused on restaurants and cafes, has secured $500,000 in pre-seed funding from Adaverse, a prominent Web3 venture builder. - Phoenix Group and Tether Source: Crypto Politan Summary: Tether wants to launch a new stablecoin pegged to the United Arab Emirates (UAE) dirham (AED). The company announced the move today, noting that it will launch the new stablecoin in partnership with Green Arcon Investments Ltd and Phoenix Group PLC. - Pakistan’s PostEx to expand into GCC after securing $7.3 million pre-Series A Source: Tech Crunch Summary: Pakistan-based fintech PostEx has raised a $7.3 million pre-Series A funding round, led by Conjunction Capital, along with Dash Ventures, Sanabil500, VSQ, FJ Labs, and Zayn VC. Founded in 2020 by Muhammad Omer Khan, PostEx provides upfront payments to e-commerce businesses along with the provision of a reliable delivery network. - Resal Garners $9 Million Investment to Accelerate Growth within the Kingdom Source: Zawya Summary: Saudi Arabia-based e-gifting platform Resal has successfully closed a $9 million Series A investment round, led by Derayah Ventures Fund, with participation from Al-Wafrah AlThanya Investment Company, Venture Souq FinTech Fund, ADDiriyah Asset Management, Nomad Holdings, Bugshan Investment Group, and several family offices and angel investors. --- (أحمد طقاطقه) --- | |||
| 18 Jul 2024 | VC React Podcast (E4): Banking The Unbanked, Tech Moonshots, Climate Tech, & MENA AI Consolidations | 00:51:37 | |
VC React Podcast: Every week, we bring you insights and reactions from top VCs, reacting to the latest news on MENA startups, VCs, and investment rounds. Stay tuned for: expert analysis, independent opinions, and maybe some heated conversations! Host: Ahmad Takatkah, VCpreneur. Sign up to VCpreneur Newsletter on https://www.vcpreneur.com/ Co-Host: Jamie Lane, FWDstart. Sign up to FWDstart Newsletter on https://www.fwdstart.me/ --- Available on:
--- Guests: 1. Issa Aghabi, Founder & Managing Director @ Access Bridge Ventures - LinkedIn Profile: https://www.linkedin.com/in/iaghabi/ - VC Firm Website: https://access-bridge.com/ 2. Zeina Mandour, Venture Investments Manager @ Dar Ventures - LinkedIn profile: https://www.linkedin.com/in/zeina-mandour-38541260/ - VC Firm Website: https://dar.com/ #startups #vc #tech #investments #entrepreneurship #venturecapital #venturedebt #privatecredit #privateequity #finance #business #ipo #acquisitions #revenuebasedfinancing #fintech #climatechange #ai --- In Today's Episode: News of the week brought to you by FWDstart: - Omani climate tech startup 44.01 raises $37 M Series A Source: Oman Observer Summary: 44.01, an Oman-based startup focused on eliminating CO2 permanently through natural mineralization, has secured $37 million in a Series A funding round. The investment was co-led by Equinor Ventures and Shorooq Partners, with participation from ALIAD Venture Capital, Alumni Ventures, Amazon's Climate Pledge Fund, Climate Investment, IDO Investments, Planet A Ventures, Salica Investments Oryx Fund, Siemens Financial Services, Sumitomo Corporation, and Sam Altman. Existing investor Breakthrough Energy also participated. Founded by Talal Hasan, 44.01's technology mineralizes CO2 in peridotite, abundant in Oman and globally, with successful pilots in Oman and the UAE. - Hub71 fintech startup Dopay secures $13.5 million Series A Extension Round Source: Gulf News Summary: Dopay, a fintech startup providing digital payroll and payments for unbanked and underbanked workers in emerging markets, has closed a $13.5 million Series A extension round. Following a previous $18 million Series A round, this funding was led by Argentem Creek Partners with participation from existing investors. Part of Abu Dhabi's Hub71 tech ecosystem, Dopay will use the funds to expand in Egypt, launch new financial services, and grow its multi-bank, multi-country platform into other markets. - Majarra acquires Arabic AI/NLP startups Lableb Source: Wamda Summary: UAE-based Majarra, An Arabic digital content provider, has acquired the UAE-based NLP technology provider, Lableb, for an undisclosed amount. Founded in 2004 by Abdulsalam Haykal, Majarra is a mediatech company that provides Arabic content through the Majarra App. With a vast library of over 50,000 articles, videos, and audio content. Meanwhile, Lableb, founded in 2017 by Kinda Altarbouch, offers Arabic AI services and Natural Language Processing (NLP). The acquisition aims to solidify Majarra's position at the forefront of Arabic digital innovation and marks its entry into the rapidly expanding AI sector. --- (أحمد طقاطقه) --- | |||
| 05 Sep 2024 | VC React Podcast (E11): Fintech Consolidations, Open Banking, Payments Solutions, Wealth Managers | 00:52:30 | |
VC React Podcast: Every week, we bring you insights and reactions from top VCs, reacting to the latest news on MENA startups, VCs, and investment rounds. Stay tuned for: expert analysis, independent opinions, and maybe some heated conversations! Host: Ahmad Takatkah, VCpreneur. Sign up to VCpreneur Newsletter on https://www.vcpreneur.com/ Co-Host: Jamie Lane, FWDstart. Sign up to FWDstart Newsletter on https://www.fwdstart.me/ --- Available on:
--- Guests: 1. Hasan Haider, Founder and Managing Partner @ Plus VC - LinkedIn Profile: https://www.linkedin.com/in/hasanhaider/ - VC Firm Website: https://plus.vc/ 2. Karim Samakie, Advisor @ Fintech Saudi - LinkedIn Profile: https://www.linkedin.com/in/karimsamakie/ - VC Firm Website: https://fintechsaudi.com/ 3. Kevin Holliday, Managing Director @ C3 - LinkedIn Profile: https://www.linkedin.com/in/kevin-holliday-5176b4130/ - VC Firm Website: https://wegrowwithc3.com/ #startups #vc #tech #ai #investments #entrepreneurship #venturecapital #venturedebt #privatecredit #privateequity #finance #business #ipo #acquisitions #limitedpartners #revenuebasedfinancing #fintech #climatechange #edtech #accelerator #cvc #web3 #crypto #blockchain #DeFi — Super Returns VIP Code For 10% Discount: FKR3559FWDS Book your ticket here: https://tinyurl.com/khf9ms7u SVVI Calendar: https://www.svvi.co/ VC Evolve Book On Amazon: 𝗲𝗕𝗼𝗼𝗸: https://www.amazon.com/dp/B0DFLJF1PR 𝗣𝗮𝗽𝗲𝗿𝗯𝗮𝗰𝗸: https://www.amazon.com/dp/B0DFLY2WHL 𝗛𝗮𝗿𝗱𝗰𝗼𝘃𝗲𝗿: https://www.amazon.com/dp/B0DFLYJBRQ --- News of the week brought to you by FWDstart. In Today's Episode: - Tabby to acquire Saudi digital wallet Tweeq in move to expand services beyond BNPL Source: Arabian Business Summary: Saudi Arabia-based fintech Tabby has announced finalising an acquisition deal of Tweeq, a Saudi-based digital wallet licensed by the Saudi Central Bank (SAMA). Founded in 2019 in the UAE by Hosam Arab, Tabby is a buy now pay later (BNPL) fintech with over $6 billion in annualised transaction volume. Meanwhile, Tweeq, founded in 2020 by Saeed Albuhairi and Abdulaziz Almalki, offers a spending account that allows customers to spend, send, and manage their money. - Tarabut acquires UK payments platform Vyne Source: Zawya Summary: UAE-based open banking platform Tarabut has acquired the London-based fintech Vyne. This acquisition bolsters Tarabut’s ability to deliver faster, more accessible, and more interconnected financial services, both across the region and globally. Founded in Bahrain in 2019 by Abdulla Almoayed, Tarabut connects a regional network of banks and fintechs via a universal application programming interface (API). Vyne, founded in 2019, is a real-time account-to-account (A2A) payments platform for online businesses. - UAE’s Ziina Raises $22M In Series A Funding To Shift From Payments To Full Financial Services Source: Forbes Middle East Summary: UAE-based fintech Ziina has raised $22 million in a Series A funding round, led by US-based Altos Ventures, along with other investors including Fintech Collective, Avenir Growth, Activant Capital, Y Combinator, FJ Labs, MEVP, and Jabbar Internet Group. - Saudi fintech Malaa secures $17.3 million Series A Source: Wamda Summary: Saudi Arabia-based fintech Malaa has closed a Series A funding round at $17.3 million, led by SNB Capital, with participation from Derayah Financial, Khwarizmi Ventures, Impact46, and WKN. Founded in 2021 by Ali Aloraini and Faisal Alqarni, Malaa is a wealth management tool that empowers individuals and organizations for better financial decisions by offering data-driven financial products and services. --- (أحمد طقاطقه) --- | |||
| 15 Aug 2024 | VC React Podcast (E8): VC Surge In July, Founders’ Harassment, Connected Founders, & Sunken Cost | 00:59:48 | |
VC React Podcast: Every week, we bring you insights and reactions from top VCs, reacting to the latest news on MENA startups, VCs, and investment rounds. Stay tuned for: expert analysis, independent opinions, and maybe some heated conversations! Host: Ahmad Takatkah, VCpreneur. Sign up to VCpreneur Newsletter on https://www.vcpreneur.com/ Co-Host: Jamie Lane, FWDstart. Sign up to FWDstart Newsletter on https://www.fwdstart.me/ --- Available on:
--- Guests: 1. Amal Dokhan, Managing Partner @ 500 Global - LinkedIn Profile: https://www.linkedin.com/in/amaldokhan/ - VC Firm Website: https://500.co/ 2. Hamed Masri, Partner @ Silicon Badia - LinkedIn Profile: https://www.linkedin.com/in/hamed-masri-935b101/ - VC Firm Website: https://www.siliconbadia.com/ 3. Issa Aghabi, Founder & Managing Director @ Access Bridge Ventures - LinkedIn Profile: https://www.linkedin.com/in/iaghabi/ - VC Firm Website: https://access-bridge.com/ #startups #vc #tech #ai #investments #entrepreneurship #venturecapital #venturedebt #privatecredit #privateequity #finance #business #ipo #acquisitions #limitedpartners #revenuebasedfinancing #fintech #climatechange #edtech #accelerator #cvc --- News of the week brought to you by FWDstart. In Today's Episode: - MENA Start-up Investments Surge by 260% in July 2024, Reaching $355 Million Source: AGBI Summary: Start-up funding in the Middle East and North Africa (MENA) region experienced a significant resurgence in July 2024, with investments totaling $355 million. This marks a 206% increase from the previous month and a 260% surge compared to the same period last year, according to data from Wamda and Digital Digest. A total of 38 start-ups secured funding, with Egypt leading in investment value at $185 million across seven deals. The UAE followed with 12 deals, while Saudi Arabia and Jordan also saw notable activity. Fintech emerged as the top sector, attracting $180.8 million, followed by Web 3, cleantech, deeptech, and e-commerce sectors. - MealPlanet raises $6 million Seed led by MEVP Source: Wamda Summary: UAE-based foodtech MealPlanet has secured $6 million in a Seed round, led by regional Middle East Venture Partners (MEVP), AlTouq Group, Sanabil 500, Faith Capital, and Alturki Ventures, as well as renowned entrepreneurs Marc Lore and Samih Toukan. Founded in 2024 by Khalid Baareh, MealPlanet is a meal plan delivery app connecting consumers to a wide range of brands. MealPlanet will use the recent funds to propel its regional expansion plans, starting with Saudi Arabia in the first quarter of 2025. - Magic Leap seeks additional funds after big PIF investment Source: AGBI Saudi Arabia’s Public Investment Fund has invested $750 million into technology and software developer Magic Leap since the beginning of 2023, strengthening its role as the majority owner. This year’s funding of $160 million builds on the sovereign wealth fund’s previous allocation of $590 million in 2023 facilitated through convertible debt arrangements, as detailed in Magic Leap’s UK filings. Florida-based Magic Leap develops devices, such as lightweight eyepieces and augmented reality headsets, and software for sectors such as healthcare, retail, sports and entertainment in the US. --- (أحمد طقاطقه) --- | |||
| 27 Jun 2024 | VC React Podcast (E1): Tech IPOs in MENA, $8M Seed Startup Round, AI VC Fund, and more. | 00:44:45 | |
VC React Podcast: Every week, we bring you insights and reactions from top VCs, reacting to the latest news on MENA startups, VCs, and investment rounds. Stay tuned for: expert analysis, independent opinions, and maybe some heated conversations! Host: Ahmad Takatkah, VCpreneur. Sign up to VCpreneur Newsletter on https://www.vcpreneur.com/ Co-Host: Jamie Lane, FWDstart. Sign up to FWDstart Newsletter on https://www.fwdstart.me/ --- Available on:
--- Guests: 1. Khaled Talhouni - LinkedIn profile: https://www.linkedin.com/in/khaledtalhouni/ - VC FirmWebsite: https://www.nuwacapital.io/ - Portfolio companies: https://www.nuwacapital.io/portfolio 2. Sara Ebeid - LinkedIn Profile: https://www.linkedin.com/in/sara-ebeid-55460810b/ - VC FirmWebsite: https://www.venturesouq.com/ - Portfolio companies: https://www.venturesouq.com/portfolio 3. Waleed Al Ballaa - LinkedIn profile: https://www.linkedin.com/in/ballaa/ - VC FirmWebsite: https://suknaventures.com/ - Portfolio companies: https://suknaventures.com/ventures #tech #investments #Entrepreneurship #venturecapital #venturedebt #privatecredit #privateequity #finance #business #startups #vc --- News of the week brought to you by FWDstart: - Rasan Goes Public Source: MENAbytes Summary: Saudi Arabia-based insurtech Rasan has announced its IPO, becoming the first insurtech company in the region to go public. The move aims to capitalize on the growing demand for digital insurance solutions and expand its market reach. - Connect Money Raises $8 Million Seed Round Source: Wamda Summary: Egypt-based fintech Connect Money secured $8 million in a seed round led by Disruptech Ventures and Algebra Ventures. The funding will support the launch of five new business verticals in North Africa. Connect Money offers a white-label card issuing platform for businesses to provide debit and credit cards without developing fintech infrastructure or regulatory licensing. - SMPL Holdings Launches $10 Million Fund Source: Gulf News Summary: SMPL Holdings has launched a $10 million fund to support tech and AI startups across the MENA region. The fund aims to foster innovation and accelerate the growth of emerging technology companies in the area. --- (أحمد طقاطقه) --- | |||
| 29 Aug 2024 | VC React Podcast (E10): Family Office VCs, VC Competition, eCommerce Mergers, Co-CEOs, Crowdfunding | 00:42:13 | |
VC React Podcast: Every week, we bring you insights and reactions from top VCs, reacting to the latest news on MENA startups, VCs, and investment rounds. Stay tuned for: expert analysis, independent opinions, and maybe some heated conversations! Host: Ahmad Takatkah, VCpreneur. Sign up to VCpreneur Newsletter on https://www.vcpreneur.com/ Co-Host: Jamie Lane, FWDstart. Sign up to FWDstart Newsletter on https://www.fwdstart.me/ --- Available on:
--- Guests: 1. Ali Al Majthoob, Managing Director @ MEVP - LinkedIn Profile: https://www.linkedin.com/in/alialmajthoob/ - VC Firm Website: https://www.mevp.com/ 2. Hasan Zainal, Managing Partner @ Arzan VC - LinkedIn Profile: https://www.linkedin.com/in/hasanzainal/ - VC Firm Website: https://arzanvc.com/ 3. Tambi Jalouqa, Managing Partner @ Propeller - LinkedIn Profile: https://www.linkedin.com/in/tambijalouqa/ - VC Firm Website: https://www.propellerinc.me/ #startups #vc #tech #ai #investments #entrepreneurship #venturecapital #venturedebt #privatecredit #privateequity #finance #business #ipo #acquisitions #limitedpartners #revenuebasedfinancing #fintech #climatechange #edtech #accelerator #cvc #web3 #crypto #blockchain #DeFi --- News of the week brought to you by FWDstart. In Today's Episode: - Gulf investors launch $200 million Waad Investment firm to support regional startups Source: Jawlah Summary: A coalition of investors and GCC-based family offices have launched “Waad Investment," an investment firm with a targeted value of $200 million, led by investor Yaser AlGhamdi in collaboration with the AlMajed and AlMisfer family offices. Waad Investment aims to invest in growth-stage startups in the region, as well as offering a network of connections, mentorship, and guidance to enable them to launch products and expand locally, regionally, and globally. The alliance reflects the commitment of family offices in the GCC to creating a positive impact on the entrepreneurship ecosystem and startups. - Egypt’s MaxAB and Kenya’s Wasoko complete merger of their B2B ecommerce platforms Source: TechCrunch Summary: Two of Africa’s largest B2B e-commerce platforms, Wasoko and MaxAB, have finally completed the continent’s much-talked-about merger, TechCrunch has learned. The all-stock transaction, both companies say, marks “an evolution from B2B e-commerce companies to a multi-vertical ecosystem for Africa’s $600 billion informal retail sector.” Talks of a merger between Kenya-based Wasoko and Egypt-based MaxAB began last December. This merger, the first of its scale on the continent, involved integrating 16 subsidiaries across multiple countries, Daniel Yu, co-CEO of the combined entity, told TechCrunch in an interview. Given this complexity, the eight-month timeline is not unusual in the context of global mergers. - UAE’s Myco raises $10m; plans expansion, blockchain migration Source: Gulf Business Summary: UAE-based Web3 streaming platform myco has completed the first closing of its Series A funding of $10 million at a post-money valuation of $80 million. The round was backed by Daman Investments, Aptos Labs, B Digital, Mocha Ventures, Art3 Foundation, Ghaf Capital Partners, Mix Media Network, Factor6 Capital Partners, and Enjinstarter, along with other angel investors. About 88 accredited investors also participated in the round through Republic.com. Founded in 2021 by Umair Masoom and Somair Rizvi, myco is a content streaming app that integrates AVOD and SVOD capabilities within a decentralized environment. Following recent expansions into North America and Egypt, myco plans to use the fresh funds to expand into further markets, establish new partnerships and conclude a second closing on their Series A by early 2025. --- (أحمد طقاطقه) --- | |||
| 19 Sep 2024 | VC React Podcast (E12): Global Fintechs In MENA, Round Extension, Secondaries, Selling Foundr Shares | 00:59:08 | |
VC React Podcast: Every week, we bring you insights and reactions from top VCs, reacting to the latest news on MENA startups, VCs, and investment rounds. Stay tuned for: expert analysis, independent opinions, and maybe some heated conversations! Host: Ahmad Takatkah, VCpreneur. Sign up to VCpreneur Newsletter on https://www.vcpreneur.com/ Co-Host: Jamie Lane, FWDstart. Sign up to FWDstart Newsletter on https://www.fwdstart.me/ --- Available on:
--- Guests: 1. Hasan Haider, Founder and Managing Partner @ Plus VC - LinkedIn Profile: https://www.linkedin.com/in/hasanhaider/ - VC Firm Website: https://plus.vc/ 2. Jessica Al Hussaini, VC Senior Associate @ Globivest - LinkedIn Profile: https://www.linkedin.com/in/jessica-al-hussaini-5a491b54/ - VC Firm Website: https://www.globivest.com/ #startups #vc #tech #ai #investments #entrepreneurship #venturecapital #venturedebt #privatecredit #privateequity #finance #business #ipo #acquisitions #limitedpartners #revenuebasedfinancing #fintech #climatechange #edtech #accelerator #cvc #web3 #crypto #blockchain #DeFi — Super Returns VIP Code For 10% Discount: FKR3559FWDS Book your ticket here: https://tinyurl.com/khf9ms7u SVVI Calendar: https://www.svvi.co/ VC Evolve Book On Amazon: 𝗲𝗕𝗼𝗼𝗸: https://www.amazon.com/dp/B0DFLJF1PR 𝗣𝗮𝗽𝗲𝗿𝗯𝗮𝗰𝗸: https://www.amazon.com/dp/B0DFLY2WHL 𝗛𝗮𝗿𝗱𝗰𝗼𝘃𝗲𝗿: https://www.amazon.com/dp/B0DFLYJBRQ --- News of the week brought to you by FWDstart. In Today's Episode: - Paymob secures $22m extension to Series B funding, raises $72m in total Source: Gulf Business Summary: Egypt-based fintech Paymob has raised a $22 million Series B extension round, bringing the company’s total Series B funding to $72 million. The funding was led by EBRD Venture Capital with participation from Endeavor Catalyst, along with existing investors, including PayPal Ventures, BII, FMO, A15, Nclude and Helios Digital Ventures. - UAE-Based Fintech Platform FlapKap Raises $34M In Pre-Series A Funding Round Source: Forbes Middle East Summary: UAE-based fintech FlapKap has raised $34 million in a pre-Series A funding round that included both debt and equity financing. The round is led by BECO Capital and saw significant new investment from Pact VC, with follow-on contributions from A15, Nclude, QED Investors, and debt financing from Channel Capital. - Revolut Looks to Expand Digital Banking License Effort to Middle East Source: Pymnts Summary: Revolut is reportedly planning to expand into the GCC, applying to become an electronic-money institution and offer remittances in the UAE while exploring opportunities in Saudi Arabia. - Abu Dhabi’s Mubadala takes stake in Revolut Source: Financial Times Summary: Abu Dhabi's Mubadala has invested in Revolut for the first time, joining a share sale that valued the fintech at $45 billion. The sale, held in August, saw employees sell $500 million worth of shares. Mubadala was among other investors like Coatue, D1 Capital Partners, and Tiger Global. - Seez Secures USD 4.2M to Accelerate US Expansion Plan Source: Waya Media Summary: Seez, a UAE-based automotive SaaS startup, has raised $4.2 million from several international investors. Founded in 2015 by Tarek Kabrit and Andrew Kabrit, Seez is an automotive tech company that provides car dealerships and OEMs with software solutions to improve their customer experience and increase sales. After expanding into markets such as the UK, Australia, Denmark, South Africa, New Zealand, Mexico, and GCC countries. --- (أحمد طقاطقه) --- | |||
| 01 Aug 2024 | VC React Podcast (E6): Big Series A Rounds, Enterprise AI for Decision Making, EdTech and AI Trends | 00:47:31 | |
VC React Podcast: Every week, we bring you insights and reactions from top VCs, reacting to the latest news on MENA startups, VCs, and investment rounds. Stay tuned for: expert analysis, independent opinions, and maybe some heated conversations! Host: Ahmad Takatkah, VCpreneur. Sign up to VCpreneur Newsletter on https://www.vcpreneur.com/ Co-Host: Jamie Lane, FWDstart. Sign up to FWDstart Newsletter on https://www.fwdstart.me/ --- Available on:
--- Guests: 1. Dr. Adil Alzarooni, CEO @ Al Zarooni Emirates Investments - LinkedIn Profile: https://www.linkedin.com/in/adilalzarooni/ - VC Firm Website: http://www.zeinvestments.com/ 2. Faisal Hakki, Managing Director @ Arab Bank Ventures - LinkedIn Profile: https://www.linkedin.com/in/faisal-hakki/ - VC Firm Website: http://www.abventures.vc/ 3. Mohammed Al Rasbi, Founder & GP @ R&D Capital - LinkedIn Profile: https://www.linkedin.com/in/mohammed-alrasbi/ - VC Firm Website: http://rd.co.om/ #startups #vc #tech #ai #investments #entrepreneurship #venturecapital #venturedebt #privatecredit #privateequity #finance #business #ipo #acquisitions #revenuebasedfinancing #fintech #climatechange #edtech --- News of the week brought to you by FWDstart. In Today's Episode: - Intelmatix raises $20M Series A to enable MENA businesses to tap AI for decision-making Source: Techcrunch Summary: Saudi Arabia-based deeptech AI company Intelmatix has closed a $20 million Series A funding round, led by Shorooq Partners and joined by Saudi Venture Capital Company (SVC), Saudi Technology Ventures (STV), Olayan Financing Company, Sultan Holdings, Zain Ventures, and Rua Growth Fund. Founded in 2021 by a group of MIT graduates led by Anas Alfaris, Almaha Almalki and Ahmad Alabdulkareem, Intelmatix provides both public and private sectors with accessible AI and advanced analytics that delivers technologies to improve operations, productivity, growth, and sustainability. In August 2021, Intelmatix raised an undisclosed investment round, led by STV and Sultan Holdings. - Educatly Secures $2.5 M Funding to Enhance AI-Powered Education Solutions in MEA Region Source: Edge Summary: Egypt-based edtech Educatly has secured a new funding round of $2.5 million led by TLcom Capital and Plus VC. The round also saw participation from Egypt Venture (Egypt) and the HBAN syndicate (Ireland). Founded in 2020 by Mohamed ElSonbaty, Abdelrahman Ayman and Joan Manuel, Educatly democratises access to higher education opportunities. The funding will solidify Educatly presence in the Middle East and Africa, including key markets such as Egypt, Saudi Arabia, the United Arab Emirates, Nigeria, Kenya, and Ireland. In 2021, Educatly raised a $1 million pre-Seed round from Falak Startups, Enterprise Island along with a group of angel investors. --- (أحمد طقاطقه) --- | |||
| 04 Jul 2024 | VC React Podcast (E2): On Acquiring Silicon Valley Startups, Global VCs In MENA, eSports. | 00:46:33 | |
VC React Podcast: Every week, we bring you insights and reactions from top VCs, reacting to the latest news on MENA startups, VCs, and investment rounds. Stay tuned for: expert analysis, independent opinions, and maybe some heated conversations! Host: Ahmad Takatkah, VCpreneur. Sign up to VCpreneur Newsletter on https://www.vcpreneur.com/ Co-Host: Jamie Lane, FWDstart. Sign up to FWDstart Newsletter on https://www.fwdstart.me/ --- Available on:
--- Guests: 1. Tamer Azer, Partner @shorooqpartners - LinkedIn profile: https://www.linkedin.com/in/tamerazer/ - VC FirmWebsite: https://www.shorooq.com/ 2. Tarek Seif El Nasr, Head of Venture Growth @ Falak Startups - LinkedIn Profile: https://www.linkedin.com/in/tareknasr/ - VC FirmWebsite: https://falakstartups.com/ #startups #vc #tech #investments #Entrepreneurship #venturecapital #venturedebt #privatecredit #privateequity #finance #business #ShorooqPartners #Shorooq --- In Today's Episode: News of the week brought to you by FWDstart: - WakeCap Acquires Crews by Core to Enhance Field Operations Source: Waya Summary: Saudi-based IoT platform WakeCap has acquired the AI-powered project delivery platform Crews by Core to create a comprehensive suite of hardware and software tools aimed at improving job site safety, productivity, and profitability for major construction projects globally. The combined technologies are already deployed across large sites and megaprojects in the US, Saudi Arabia, UAE, and Japan. As part of the acquisition, WakeCap will establish an R&D headquarters in Silicon Valley, enhancing its position as a leading construction tech company. This move leverages Crews by Core's expertise in building significant Silicon Valley companies like PayPal, Waze, Google Chrome, and Palantir. Both CEOs, Di-Ann Eisnor of Crews by Core and Dr. Hassan Albalawi of WakeCap, expressed enthusiasm for the partnership, highlighting the potential to enhance construction project management in regions with large-scale developments such as Saudi Arabia. - South Korean VC Hashed Ventures Expands to Abu Dhabi Source: Forkast Summary: Hashed Ventures, a South Korean VC firm, has partnered with Abu Dhabi’s Hub71 to explore investment opportunities in MENA's tech and crypto sectors. Managing $700 million in assets, Hashed aims to leverage Abu Dhabi’s strategic position and resources to scale its portfolio and attract South Korean tech startups to the UAE. This collaboration will provide Hashed with access to funding, mentorship, and market opportunities, with CEO Simon Seo-Joon Kim highlighting the UAE’s crypto-friendly regulations as a key factor for expansion. - Paris-based VC Breega Announces $75 Million Africa Fund Source: TechCrunch Summary: Paris-based VC firm Breega has launched a $75 million fund, Africa Seed I, to invest in early-stage startups across Africa, specifically mentioning Egypt and Morocco. Breega has secured commitments for about 70% of the capital in its first close. The firm supports startups from pre-seed to Series A stages and targets sectors like fintech, health tech, proptech, logistics, and edtech. Breega plans to invest $100,000 to $2 million in startups to tap into significant opportunities in these markets. - Esports World Cup Fever in Saudi Arabia as Contest Kicks Off with Biggest Prize Pool Source:Al Arabiya Summary: The much-anticipated Esports World Cup (EWC) launched in Riyadh, Saudi Arabia, featuring the largest prize pool in industry history at over $60 million. Running from July 3 to August 25 at Boulevard Riyadh City, the event includes 1,500 elite players competing in 22 competitions across 21 leading games like League of Legends and Counter-Strike II. --- (أحمد طقاطقه) --- | |||
| 11 Jul 2024 | VC React Podcast (E3): On Gov VC Mandates, India & MENA, Venture Debt, Market Stats in H1-2024 | 00:41:46 | |
VC React Podcast: Every week, we bring you insights and reactions from top VCs, reacting to the latest news on MENA startups, VCs, and investment rounds. Stay tuned for: expert analysis, independent opinions, and maybe some heated conversations! Host: Ahmad Takatkah, VCpreneur. Sign up to VCpreneur Newsletter on https://www.vcpreneur.com/ Co-Host: Jamie Lane, FWDstart. Sign up to FWDstart Newsletter on https://www.fwdstart.me/ --- Available on:
--- Guests: 1. Youssef Shehab El-Din, Investment Analyst @ Falak Startups - LinkedIn Profile: https://www.linkedin.com/in/youssef-shehab-el-din-443b451b4/ - VC Firm Website: https://falakstartups.com/ 2. Zeina Mandour, Venture Investments Manager @ Dar Ventures - LinkedIn profile: https://www.linkedin.com/in/zeina-mandour-38541260/ - VC Firm Website: https://dar.com/ #startups #vc #tech #investments #entrepreneurship #venturecapital #venturedebt #privatecredit #privateequity #finance #business #ipo #acquisitions #revenuebasedfinancing --- In Today's Episode: News of the week brought to you by FWDstart: - Innovative Startups and SMEs Fund invests $5mln in Global Ventures Fund III Source: Zawya Summary: The Innovative Startups and SMEs Fund (ISSF), Jordan's largest investment fund of its kind, announced a USD 5 million investment in Global Ventures’ Fund III. A leading venture capital firm focused on growth-stage investments across the Middle East and Africa, Global Ventures has been mandated by ISSF to invest in Jordanian startups. This strategic partnership highlights the ISSF's commitment to empowering the Jordanian ecosystem. - India Crypto Exchange CoinDCX Buys BitOasis in Middle East Expansion Source: Bloomberg Summary: Indian crypto exchange CoinDCX acquired Dubai-based BitOasis to expand into the MENA region. The acquisition, which follows an initial investment last year, aims to leverage BitOasis' established presence and regulatory licenses in the UAE and Bahrain. BitOasis has processed over $6 billion in trades and has more than 750,000 customers. CoinDCX sees this move as a response to favorable regulatory environments and aims to boost annual revenue by $30-$50 million. - Stride Ventures Makes First GCC Investment in Maalexi Source: Abu Dhabi SME Hub Summary: Stride Ventures has made its first investment in the GCC region by investing in Maalexi, a Dubai-based company. This move marks Stride's initial foray into the Middle East market, aligning with its strategy to support high-growth startups globally. Stride Ventures, known for its venture debt funds, aims to facilitate the entry of Indian and other global startups into the GCC region, leveraging Abu Dhabi Global Market's (ADGM) supportive regulatory environment - MENA startups raise $116 million in June 2024, bringing H1 total to $882 million Source: Wamda Summary: In June 2024, investment in MENA startups slowed, with 38 tech startups raising $116 million, a 59% month-on-month drop but a 182% year-on-year increase. UAE startups led with $82.5 million across 15 deals, followed by Egypt with $15 million from four startups, and Saudi Arabia with $13.5 million from seven startups. Iraq saw six startups raise around $1.2 million, potentially more. The largest deal was Tenderd’s $30 million, with no mega deals observed during the month. The half-year total reached $882 million. - MENA VC landscape sees 33% increase in investors Source: Arab News Summary: In the first half of 2024, investor numbers in the MENA venture capital ecosystem rose by 33%, driven by increased sentiment which led to a 130% rise in the number of funds launched, according to MAGNiTT. Despite this, funding for regional startups fell by 34% year-on-year, totaling $768 million. --- (أحمد طقاطقه) --- | |||
| 03 Oct 2024 | VC React Podcast (E14): Podcasts, Climate Tech, Carbon Credits, AdTech, Data Privacy In MENA & More | 00:58:05 | |
VC React Podcast: Every week, we bring you insights and reactions from top VCs, reacting to the latest news on MENA startups, VCs, and investment rounds. Stay tuned for: expert analysis, independent opinions, and maybe some heated conversations! Host: Ahmad Takatkah, VCpreneur. Sign up to VCpreneur Newsletter on https://www.vcpreneur.com/ Co-Host: Jamie Lane, FWDstart. Sign up to FWDstart Newsletter on https://www.fwdstart.me/ --- Available on:
--- Guests: 1. Hamed Masri, Partner @ Silicon Badia - LinkedIn Profile: https://www.linkedin.com/in/hamed-masri-935b101/ - VC Firm Website: https://www.siliconbadia.com/ 2. Hussein Attar, CEO @ Tech Invest Com - LinkedIn Profile: https://www.linkedin.com/in/husseinattar/ - VC Firm Website: https://techinvestcom.com/ - Hussein Attar’s Free Ecosystem Directory: https://www.husseinattar.com/en/saudi-entrepreneurship-guide/ --- #startups #vc #tech #ai #investments #entrepreneurship #venturecapital #venturedebt #privatecredit #privateequity #finance #business #ipo #acquisitions #limitedpartners #revenuebasedfinancing #fintech #climatechange #edtech #accelerator #cvc #web3 #crypto #blockchain #DeFi --- News of the week brought to you by FWDstart. In Today's Episode: - MENA podcast platform Podeo raises $5.4m in series A round Source: Gulf Business Summary: UAE-based podcast distribution platform Podeo has raised a Series A of $5.4 million, led by Oraseya Capital, with participation from Ibtikar Fund, Cedar Mundi Ventures, Samarium, iSME, and returning investor Razor Capital. Founded by Stefano Fallaha, Anthony Essaye, and Mario Hayek in Lebanon in 2020, Podeo allows creators to monetise their content through their end-to-end platform. - Coral Announces Closure of Seed Round Funding, Raising $3 Million to Transform Carbon Emission Management Source: Coral Summary: Coral, a UAE-based climatetech startup, has closed a $3 million seed round led by seasoned tech investors. The company offers an AI-driven platform that simplifies carbon emission management, footprint evaluation, reporting, and offsetting. Coral's blockchain-based solution ensures full lifecycle traceability of carbon credits and real-time auditability of offsets. Key partnerships include Nissan’s Formula E team, and its Emissions Management System (EMS) is live with several clients. - Saudi Arabia’s Quantum raises investment from HearstLab Source: Wamda Summary: Saudi Arabia-based adtech Quantum has secured funding as part of its $7 million Pre-Series-A round from HearstLab, the investment arm of Hearst Corporation. Quantum is also backed by 500 Global, Vision Ventures, Sukna Ventures, and Tech Invest Com. Founded in 2020 by Omar Malaikah and Sara Bin Ladin, Quantum’s platform allows advertisers to select their preferred publishers and purchase ad space directly, while also offering robust data analytics and ROI metrics to maximise campaign impact. This marks HearstLab’s inaugural investment in the Middle East. - Egypt: Beltone Venture Capital invests in France-based VelyVelo Source: Zawya Summary: Beltone Venture Capital, a subsidiary of Beltone Holding, has made its first international investment by acquiring a strategic equity stake in VelyVelo, a French e-bike rental company, according to a disclosure. The size of the investment was not disclosed. Specialising in fleet management with a full-service subscription model. Currently, VelyVelo operates over 5,000 electric bikes for delivery drivers, freelancers, and transport companies, with a presence in both the French and Moroccan markets. --- (أحمد طقاطقه) --- | |||
| 25 Jul 2024 | VC React Podcast (E5): Saudi's AI Investments, Egypt's Mega Round In FinTech, Jordan's Accelerators | 00:50:11 | |
VC React Podcast: Every week, we bring you insights and reactions from top VCs, reacting to the latest news on MENA startups, VCs, and investment rounds. Stay tuned for: expert analysis, independent opinions, and maybe some heated conversations! Host: Ahmad Takatkah, VCpreneur. Sign up to VCpreneur Newsletter on https://www.vcpreneur.com/ Co-Host: Jamie Lane, FWDstart. Sign up to FWDstart Newsletter on https://www.fwdstart.me/ --- Available on:
--- Guests: 1. Ali Zewail, Venture Partner @ Endure Capital - LinkedIn Profile: https://www.linkedin.com/in/alizewail/ - VC Firm Website: http://www.endurecap.com/ 2. Hasan Haider, Founder & Managing Partner @ Plus VC - LinkedIn Profile: https://www.linkedin.com/in/hasanhaider/ - VC Firm Website: http://www.plus.vc/ 3. Khaled Talhouni, Managing Partner @ Nuwa Capital - LinkedIn Profile: https://www.linkedin.com/in/khaledtalhouni/ - VC Firm Website: http://nuwacapital.io/ #startups #vc #tech #ai #investments #entrepreneurship #venturecapital #venturedebt #privatecredit #privateequity #finance #business #ipo #acquisitions #revenuebasedfinancing #fintech #climatechange --- In Today's Episode: News of the week brought to you by FWDstart: - Wa'ed Ventures is investing across the AI stack Source: Edge Middle East Summary: Wa’ed Ventures, backed by Aramco, has led a $6.5 million pre-Series A funding round for California-based AI platform aiXplain. aiXplain's Saudi subsidiary will serve as its MENA headquarters, driving growth and localizing AI solutions in the Kingdom. The startup is also partnering with regional AI organizations to develop an Arabic LLM alliance, that will debut later this year. A week later, Wa’ed Ventures announced an investment of $15 million in South Korean chipmaker Rebellions Inc. The company is working with Samsung to develop its proprietary chip for the GenAI market.This is Wa’ed Ventures’ first deal in South Korea. According to a statement, rebellions plans to use the funding to establish a new subsidiary in Saudi Arabia and launch business operations there. - Egypt’s MNT-Halan Secures USD 157.5M to Drive Expansion Source: Waya Media Summary: Egypt’s MNT-Halan has raised $157.5 million in funding, featuring contributions of $40 million from the International Finance Corporation (IFC), with the remaining funds supplied by Development Partners International (DPI), Lorax Capital Partners, funds managed by Apis Partners LLP, Lunate, and GB Corp. Founded in 2017 by Mounir Nakhla, MNT-Halan offers a diverse portfolio of financial and non-financial services ranging from lending, buy now pay later, e-commerce, payments, and mobility to on-demand logistics. The new capital influx will support MNT-Halan’s imminent geographical expansion. MNT-Halan joined Egypt's unicorn club last year after securing $400 million in debt and equity financing. - Saudi logistics platform OTO secures $8m funding for UAE and Turkiye expansion Source: Arab News Summary: Saudi Arabia-based logistics platform OTO has raised $8 million in a Series A funding round, led by Sanabil Investments, with participation from Sadu Capital, Iliad Partners, Propeller, and Soma Capital. Founded in 2019 by Mohammad AlRazaz and Furkan Uzar, OTO is a logistics technology company specialising in simplifying order shipping, management, tracking, returns, and analysis through a single integrated platform. - ISSF pledges $5 million to Oasis500's second fund Source: Wamda Summary: Jordan’s Innovative Startups and SMEs Fund (ISSF) has increased its commitment to Oasis Ventures II fund (OVII) managed by Oasis500 from $3 million to $5 million. Founded in 2010, Oasis500 focuses on empowering early-stage ICT companies in Jordan through pre-seed and seed funding. --- (أحمد طقاطقه) --- | |||