Disruptech 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 fintech Bokra has closed a $4.6 million pre-Seed round led by DisrupTech Ventures, and SS Capital, among other...

Bokra, a Cairo-based fintech, announces the successful closure of its $4.6mn pre-seed round led by DisrupTech Ventures

In today’s edition: Nigeria plans to limit data collection by digital lenders || Detained Binance executives sue Nigerian agencies || Meta caught spying on Snapchat, YouTube and Amazon || Funding tracker

RIYADH: Military industries are set to receive a boost with the Federation of Saudi Chambers announcing the formation of the first special national committee of its kind.  This marks the first time that a committee focused on the defense sector has been formed under the umbrella of the private sector, represented by the Saudi body.  Its purpose is to collaborate...

Egypt-based edtech Sprints.ai has raised a $3 million bridge round, led by Disruptech Ventures, with investments from EdVentures and...

Sprints is an AI-powered edtech that says it is redefining education for the future

The number of start-up companies in which the fund has invested so far has reached 14, and it plans to reach 28 during the next stage: official