【Industry Report】MAGNiTT, H1 2019 MENA Venture Investment: MENA startup funding up 66 percent for first half of 2019 The MENA region’s startup ecosystem is growing, with a 66 percent increase in total funding across all MENA-based startups since H1 2018, according to the H1 2019 MENA Venture Investment Report published by MENA-based startup platform MAGNiTT.
Dubai-based EMPG-owned Moroccan property portal Mubawab acquires Jumia House in some areas Mubawab, the leading real estate portal of Morocco that was acquired by Dubai-based Emerging Markets Property Group last year, has acquired Jumia’s property portal Jumia House in Morocco, Tunisia & Algeria, Mubawab announced today.
Mintrics Banks secured Investment From Blue Startups Accelerator Program North Africa and MENA-focused video analytics and intelligence platform Mintrics has secured an unspecified amount of investment from Hawaii-based Blue Startups Accelerator Program, having joined the initiative as the first founding cohort team from the MENA region.
Heetch, a French ride-hailing startup with presence in Morocco, raises $38 million Heetch, a Paris-headquartered ride-hailing startup that is active in France, Belgium, and Morocco, has raised $38 million in its latest funding round, the startup announced last week. The investment came from Cathay Innovation, Idinvest Partners, Innov’Allianz, Total Ventures, Alven and Felix Capital.
Meet the 14 startups from third batch of 500 Startups’ Series A Program ‘MENA Dojo’ 500 Startups’ MENA-focused fund 500 Falcons that recently announced its oversubscribed final closing at $33 million, today has revealed the startups that have joined the third batch of its Series A program ‘MENA Dojo’.
Delivery Hero fires entire leadership team of Saudi’s HungerStation in one day for unknown reason Delivery Hero, the Germany-headquartered global food delivery company, that owns different food delivery brands in the Middle East & North Africa, has terminated the entire leadership team of one of its Saudi food delivery companies HungerStation for unknown reasons, three people with the knowledge of matter have told MENAbytes.