Sarwa, a regulated automated investment advisory platform in the region, recently closed a pre-Series A of over $1.3 million.
Investors include Shorooq Investments from Abu Dhabi, Middle East Venture Partners (MEVP), alongside California-based venture fund 500 Startups, Dubai-based Women’s Angel Investor Network, Hala Ventures from Saudi as well as Saned Partners from Lebanon.
UAE-based start-up Yallacompare, a comparison site for financial products, has raised $8m from existing VC partners and one new investor in its latest funding round.
The lead investors include STC Ventures, which is managed by Iris Capital; Wamda Capital; and Argo Ventures, the early- and growth- stage investment arm of international insurance carrier, Argo Group.
Yallacompare launched in 2016 as compareit4me.com as an online car insurance comparison portal in the UAE, before expanding its portfolio and rebranding to its new identity in 2017.
Sarwa, the first hybrid automated investment management platform for young professionals in the Middle East, announced today that it has received over $1.3M in its pre-series A round of financing.
Amman-based online Arabic book retailer Jamalon has raised around $10 million in the first leg of its series B funding round from existing and new shareholders.
It is the largest amount ever received by an e-commerce retailer in Arabic publishing, the company said in a statement.
Jamalon’s latest funding round had further investments from Wamda Capital and Aramex, and new investments from Saudi-based Anova Investments, 500 Falcons, Endeavor Catalyst and others.