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African PE firm Verod Capital fully exits education bet from Fund II

New Delhi, July 22 -- Verod Capital, an African private equity firm that backs mid-sized companies across the continent, has monetized its eight-year-old investment in an education business, selling i... Read More


BlueFive Capital hits final close of debut PE fund at $2 bn

New Delhi, July 10 -- BlueFive Capital, an Abu Dhabi-based asset management firm founded by former Investcorp executive Hazem Ben-Gacem last year, said Thursday it has concluded raising its inaugural ... Read More


MENA Digest: Iraq's InstaBank, Saudi firm Ninja, Egypt's AgriCash get funding

New Delhi, July 4 -- The Middle East and North Africa (MENA) region welcomed a new tech unicorn this week, as Saudi Arabia's quick-commerce platform Ninja hit a $1.5-billion valuation following a majo... Read More


MENA Digest: AppliedAI, Related, Nowlun, Roomz.rent secure funding

New Delhi, June 27 -- UAE-based startups drove funding activity in the Middle East and North Africa (MENA) region this week. Abu Dhabi-based AppliedAI and loyalty platform Related secured substantial ... Read More


MENA Digest: Fintech startups Octane, XFOLIO, SaturnX bag VC funding

New Delhi, June 20 -- Egyptian fintech company Octane led startup fundraising activity in the Middle East and North Africa region this week, as it raised growth capital to support its regional expansi... Read More


Saudi Arabia's SIDF Investment Company backs PE fund in first overseas LP bet

New Delhi, June 18 -- SIDF Investment Company, an investment platform owned by the Saudi Industrial Development Fund, has made its first international limited partner-style investment in a private equ... Read More


MENA Digest: UAE's Qanooni, eVoost AI secure early-stage funding

New Delhi, June 13 -- Two UAE-based startups in the Middle East and North Africa (MENA) region raised funding this week, aiming to expand their business. Legal tech startup Qanooni raised pre-seed fun... Read More


MENA Digest: Tunisian startup Kumulus Water, Qatar's ShipBee secure funding

New Delhi, June 6 -- At least two early-stage startups secured funding in the Middle East and North Africa (MENA) region in an otherwise quiet week for dealmaking. Tunisia's water-tech startup Kumulus... Read More


African PE firm Mediterrania Capital Partners marks final close of Fund IV

New Delhi, June 6 -- Mediterrania Capital Partners (MCP), a Malta-based private equity firm that manages over $800 million in assets and deploys growth capital in mid-sized African companies, has mark... Read More


Shorooq gets LP cheque from pan-Arab DFI for second venture debt fund

New Delhi, June 2 -- Shorooq Partners, an Abu Dhabi-based multi-asset investment firm backed by ten sovereign wealth funds, has secured the backing of a regional financial institution for its second t... Read More