Series B

Seed

Pre-Series A

Series A

Series D

Others

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Series C

Debt Financing

Unknown Series Round

Cairo

Tarek Fahim

Mohamed Noweir

WAEIL BORHAN

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Endure Capital

Endure Capital is an early stage investment fund headed by entrepreneurs looking for startup teams.

Dubai

Series F

Careem

Logistics & Storage

Transportation

Delivery

Ride Sharing

Providing a range of daily services, Careem is a Dubai-based ride-hailing and super app company that aims to simplify people's daily lives in over 100 cities across 13 countries.

San Francisco

Tribal

Fintech

MaxAB

E-Commerce

Retail

Brimore

Social Commerce

Marketplace

Supply Chain

Consumer Goods

Brimore is a social commerce platform, that enables the local manufacturers to overcome the Go-to-Market challenges and grow on a national scale.

Breadfast

Food and Beverage

Food Delivery

Delivery Services

Grocery

Breadfast delivers household essentials, bakeries, groceries, fruits, veggies, and more than 3,000 items in minutes.

Thndr

Software

Investment Platform

Financial Services

Thndr is a digital investment platform that is designed to simplify investing.

Boom Supersonic

Industry

KarmSolar

Energy

Solar Panel

Renewables

CleanTech

KarmSolar is a private off-grid solar energy integrator in Egypt.

Amman

Abwaab

Education

EdTech

Abwaab is an online learning platform that allows secondary-school students to learn at their own pace, test themselves and get ahead with our expert tutors anytime and anywhere. By offering short, engaging video lessons, visualized learning journeys, continuous assessment and performance analytics, we are changing the way students learn outsidethe classroom.

Mawdoo3

Content

Almentor

E-Learning

Video Streaming

almentor.net is a cutting-edge continuous e-learning platform curating top-rated video-based training programs delivered by leading subject matter experts and accessible through B2C and B2B channels to serve the needs of Arabs across the world. The platform was officially launched in January 2018 and currently offers the biggest Arabic high qualitycontinuous learning video library in the world, including paid courses, free talks, crash courses and books, primarily in Arabic.

Giza

Pylon

Utility Management

Energy Management

Pylon is a comprehensive utility management platform powering millions of smart meters in some of the world’s largest emerging markets.

WUZZUF

Consulting

Recruiting

WUZZUF is the #1 Career Destination in Egypt serving more than 500,000 job seekers each month and more than 15,000 of Egypt's top companies actively posting jobs and searching for talent.

BasharSoft

Web Development

Information Technology

Talent Management

Information Services

BasharSoft is a technology firm specialized in developing web-based online employment marketplaces and platforms.

Oxygen

Finance

Forasna

Staffing Agency

Enterprise Software

FORASNA is Egypt’s first and most reliable database for the part of the workforce with primary/middle education (blue collars) in the Middle East.

BIOS

Healthcare

Cambridge Cancer Genomics

Suplyd

Supply Chain Management

Food and Beverages

Restaurants

Hotel

Catering

Suplyd is a digital supply chain platform founded in January 2022 that streamlines Egypt’s fragmented F&B sector by seamlessly connecting restaurant operators with suppliers to deliver end-to-end solutions.

Sourceress

Casablanca

WaystoCap

WaystoCap takes the pain out of working internationally for businesses all over the African continent, improving their ability to trade. We help them find partners internationally, and regionally; sourcing the most competitive prices; offering better payment terms; and supporting the entire trade.

WaystoCap is a technology driven trading platform focused on Africa. We are backed by some of the best early stage US and international investors including Battery Ventures (investors in Google), 4DX Ventures (investors in Flutterwave) and Y Combinator (Airbnb and Dropbox).

NowPay

Mobile Apps

NowPay is a FinTech company that focuses on improving the financial-wellness of corporate employees. We enable employees to get paid at any point in time during the month.

Edfa3ly

Logistics

Edfa3ly is an automated personal shopper that lets customers know the exact cost of any product worldwide before ordering, pay locally, and receive delivery across the Middle East.

Nawah Scientific

Biotechnology

Medical

Pharmaceuticals

Pharmaceutical

Biotech

Life Science

Nanotechnology

Research

Research & Development

Nawah Scientific is an online hub for advanced research in natural and medical sciences that provides on-demand experiment services, supporting industries and academics with world-class pharmaceutical formulation and analysis.

Fat Llama

The Mednet

Port of Mokha

Dapi

Sheikh Zayed

Fakahany

Online Shopping

Fakahany is an online e-commerce platform that provides great quality fresh produce and grocery items.

Shezlong

Telemedicine

Healthtech

Mental Health

The first and largest Arab online psychotherapy platform in the world.

Elkrem

Blockchain

Hardware

Elkrem provides hardware and software tools for developers to build Blockchain connected IoT products.

Manufacturing

Crypto

Hydroelectric

Elk manufactures the development board for building hardware projects that interface with Bitcoin.

Caelum Health

ElCoach

Fitness

Wellness

Personal Health

Artificial Intelligence (AI)

SaaS

ElCoach is a SaaS fitness tech company that leverages AI and the science of fitness experts to empower fitness seekers and providers with personalized digital solutions at scale.

Wright Electric, Inc.

Aspect Biosystems

RedDoor

Lending

Real Estate

Numan

Hospitals and Health Care

Deepen AI

Software Dev/Test

AI/IoT

Magalix

Cloud Services

Cybersecurity

Pyka

Aerospace

Automation

Robotics

ShopLook

Content Creators

Fashion

Lifestyle

Xtrava

Health Care

5th Season

Cash Cows

Investment Management

Alcoach

Nas Trends

Scotty

Transporation

Mobile

WeTheTrillions

Avelabs

Avelabs is a future focused supplier of embedded solutions and services for the automotive industry.

Cassbana

Cassbana is a technology solution that builds financial identities for the underserved communities in Egypt through micro-lending and building a behavior-based scoring system

RiseUp

Communities

Rise Up is a platform that connects startups to the most relevant resources, worldwide.

2016 is almost out but there’s just time to anoint one more ride-sharing unicorn. Careem, one of Uber’s lower profile rivals in emerging markets, has taken a step into the global limelight today after it announced that it has raised $350 million led by Japanese e-commerce firm Rakuten and Saudi Telecom Company (STC).
Beyond Rakuten, which is already an investor in Uber rivals Lyft and South America-based Cabify, and STC, which is the largest telecom operator in the Middle East, other investors in the round include Abraaj Group, Al Tayyar Group, Beco Capital, El Sewedy Investments, Endure Capital, Lumia Capital, SQM Frontier and Wamda Capital.

Uber’s Middle Eastern rival Careem raises $350M at a $1B valuation

Careem, the Dubai-based ride sharing service a la Uber, announced yesterday that it has raised $10 million investment in a round, led by Al Tayyar Travel Group with STC Ventures, as well as other regional investors.

Careem raises $10M led by Saudi Al Tayyar Group

Careem, a Dubai-based technology start-up, raised $10 million in its Series B funding round to expand its operations in the Middle East. The investment includes $4.5 million from Saudi-based Al Tayyar Travel Holding Group, with a $4 million guarantee for later, and $1.5 million from STC Ventures and other regional investors. Careem plans to invest in 14 cities and expand app development from Morocco to Pakistan.

Careem raises $10m to expand Middle-East operations

Careem, a taxi-hailing app competing with Uber in the Middle East, raised $350 million in a Series D funding round. The round was led by Rakuten and Saudi Telecom Company, valuing Careem at $1 billion. The company plans to use the funds to expand into new countries and increase its driver pool in Pakistan, Saudi Arabia, and Egypt, potentially creating 1 million new jobs in the Middle East.

Careem Raises $350 Million In Funding

Careem, a MENA-based ride-hailing app, raised $350 million in a Series D funding round co-led by Rakuten and Saudi Telecom Company (STC). This investment is part of a larger $500 million round. The funds will be used to expand services, enter new markets, and create one million jobs in the region by 2018. The investment also results in Careem's valuation exceeding $1 billion, making it a unicorn. Rakuten and STC executives will join Careem's board.

Careem Raises US$350 Million In Funding To Expand Services And Create Jobs In MENA MENA-based ride-hailing app Careem has closed 2016 with a bang, with it becoming the latest unicorn in the Middle East tech ecosystem

Careem, a ride-hailing service and Uber's main rival in the Middle East, achieved a valuation of $1 billion following a $350 million investment from Saudi Telecom and Rakuten. Saudi Telecom now owns 10% of Careem. The company plans to use the funds to create one million jobs by 2018. Careem operates in 11 countries and has about 150,000 drivers. It is not yet profitable but aims to be within two years.

Uber's Mideast rival is worth $1 billion after Saudi investment

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