Middle East

Chinese EVs have yet to succeed in Europe; the Middle East could be different

For Chinese electric car manufacturers, Europe has long been a priority destination for international expansion. With its affluence, environmental consciousness and relatively friendly attitude toward

IFC launches $225M platform to back early-stage startups in Africa, Central Asia, Middle East

The International Finance Corporation (IFC) has today launched a $225 million venture capital platform to back early-stage startups in Africa, Middle East, Central Asia and Pakistan. The IFC, a member

Stockholm’s EQT Growth closes $2.2B to fund scaling European startups like Vinted, Mambu and Epidemic Sound

The days of European startups relocating to the U.S. if they want to grow (and raise money to do so) have been receding in the rearview mirror for a while now, so much so that even in these leaner tim

One year later, Apple’s privacy changes helped boost its own ads business, report finds

A new report examing the impact of Apple’s privacy feature, App Tracking Transparency, indicates Apple’s ads business appears to have financially benefitted as a result of the feature&#821

Dubai-based Stake raises $8 million to let people across the globe invest in local properties

Dubai-based startup Stake is offering retail investors from across the globe the opportunity to buy fractions of rental property in UAE’s marquee city and earn regular income. The startup, founded i

Meta and Twitter purge web of accounts spreading pro-US propaganda abroad

In the post-2016 U.S. election world, secretive online campaigns designed to influence global politics are nothing new. And while U.S. adversaries like Russia, Iran and China have been linked to gover

Aramco’s Prosperity7 powers AI drug firm Insilico’s $95M round

Hong Kong-based drug discovery and development company Insilico has secured fresh capital at a time that its CEO described as a “biotech winter.” The firm has raised $35 million on the hee

UAE aims to convert oil wealth into tech prowess

H.E. Al Olama recently spoke about the burgeoning Emerati startup and venture capital ecosystem, and the country’s approaches to attracting U.S. VC investment.

A newly discovered malware hijacks Facebook Business accounts

An ongoing cybercriminal operation is targeting digital marketing and human resources professionals in an effort to hijack Facebook Business accounts using a newly discovered data-stealing malware. Re

Spyware maker Candiru linked to Chrome zero-day targeting journalists

Security researchers have linked the discovery of an actively exploited but since-fixed zero-day vulnerability in Google Chrome to an Israeli spyware maker targeting journalists in the Middle East. Cy

Sequoia Capital China raises $9B amid cooling tech sector

Sequoia Capital’s China affiliate has pulled in $9 billion in fresh capital to back the country’s tech companies across all stages, The Information first reported. The raise arrived at a t

Disney+ rolls out to 16 more markets across the Middle East and North Africa

This week, the Walt Disney Company continues to gain ground in the global streaming market as it launches Disney+ in 16 markets across the Middle East and North Africa (MENA). This follows the launch

Tunisian edtech startup GOMYCODE raises $8M to expand across Africa and the Middle East

Yahya Bouhlel started coding in his early teens. Within this timeline, he interned at several companies in Palo Alto, California. Most of his work revolved around building apps and iPhone games. When

Backbase raises its first funding, $128M at a $2.6B valuation, for tools that help banks with engagement

Larger banks and other financial service providers are getting a lot more serious when it comes to competing with upstarts that are disrupting their businesses with fresher approaches and newer techno

New report examines Africa’s growth in the digital economy and VC investment landscape

A new report from Endeavor Nigeria reveals that Africa’s digital economy and tech ecosystem is set to experience exponential growth periods. The report is dubbed “The Inflection Point: Africa’

Synthesis Capital closed its first fund with $300M, giving boost to food tech’s future

While much of the recent capital has targeted the consumer-facing, or downstream side, the firm believes future investments will go into technologies closer to the farm or lab.

Leanplum acquired by CleverTap as retention marketing platforms consolidate

CleverTap, a retention marketing platform which has raised $76.6 million to date, is to fully acquire Bulgarian-originated but San Francisco-based Leanplum, a customer engagement platform which has ra

Daily Crunch: PayPal Ventures leads $50M Series B for Egyptian fintech Paymob

Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

Manara gets $3M to grow tech talent pool in the Middle East and North Africa

Edtech startup Manara has raised $3 million in pre-seed funding for its cohort-based training ­­platform geared toward growing the tech-talent pool in the Middle East and North Africa (MENA) region.

Egyptian fintech Paymob raises $50M led by PayPal Ventures and Kora Capital

Egyptian fintech Paymob, which enables merchants to accept digital payments online and in-store, announced today it has raised $50 million in Series B funding. PayPal Ventures, the global corporate ve
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