Camel Ventures News Today

CAIRO: Startups in Egypt have started to gain momentum with several ventures securing funding to boost expansion efforts to the Kingdom.  Following a period of startup funding stagnation, Egyptian founders have made their way back to the regional venture capital space with a flurry of investment deals and expansion strategies already in place.  Egyptian fintech startup Waffarha has secured a...

RIYADH: Dutch-based automobile manufacturing corporation Stellantis is planning to expand its product range in Saudi Arabia by introducing smart cars and light commercial vehicles into the market, an official has revealed.  In an interview with Arab News, Samir Cherfan, chief operating officer of Stellantis in the Middle East and Africa, said that the company’s Dare Forward 2030 plan aims to...

In today’s edition: The DRC is going after Apple for its cobalt use || US signs bill that could see to a TikTok ban ||Nigeria investigates data breach that leaked info of 100 million Nigerians || Funding tracker

Egypt-based HRTech bluworks has raised a $1 million pre-Seed investment round, led by Khawarizmi Ventures and joined by Camel Ventures,...

CAIRO: Riyadh Valley Co., the investment arm of King Saud University, has invested an undisclosed amount in the new Total Growth Platform launched by STV, the largest independent technology investment firm in the Middle East and North Africa region. The investment reflects Riyadh Valley Co.’s strategy to invest in a diverse portfolio that aims to achieve the university’s

Camel Ventures is backed by institutions in the fintech space and the financial services arena in Egypt – dfin Holding and Al Ahly Capital Holding. Its first

The Egypt-based VC firm Camel Ventures has launched an EGP500 million (US$16 million) fund that is focused on the country’s fintech startup ecosystem.

Egypt-based Camel Ventures has launched a $16 million VC investment vehicle “Camel Ventures for Investment I (CVI)”. The...

CAIRO: Saudi Arabia-based grocery delivery startup Jumlaty has announced a cross-border merger with Egyptian counterpart Appetito to form a new company NOMU that will be headquartered in Riyadh. Founded in 2020 by Salman Attieh, Jumlaty provides a grocery delivery platform for consumers and businesses. Appetito was founded in the same year and recently signed a partnership

Egypt-based restaurant logistics startup Suplyd, has raised a $1.6 million pre-Seed round led by Endure Capital, Seedstars, Camel...