Author: Funding, Mergers & Acquisitions

Egypt-based logistics startup Mylerz has raised more than $2 million (EGP 100 million) in a new funding round led by Lorax Capital Partners, with participation from Fawry and a group of existing investors. The investment will strengthen the company’s balance sheet, finance working capital, and support the expansion of its logistics infrastructure as Egypt’s e-commerce market continues to grow rapidly. Founded in 2019 by Samer Gharaibeh, Mylerz provides end-to-end e-commerce logistics, fulfillment, and last-mile delivery services through a proprietary technology platform that enables merchants to efficiently manage shipments, inventory, and delivery operations. The latest financing follows the company’s $9.6 million…

UAE-based artificial intelligence company 9Yards X has acquired Labib AI, marking a significant step in strengthening Arabic-language artificial intelligence and accelerating the development of sovereign AI platforms across the Middle East and North Africa. The acquisition combines 9Yards X’s enterprise AI infrastructure with Labib AI’s expertise in Arabic natural language processing (NLP), large language models, and generative AI, creating one of the region’s most comprehensive AI platforms designed specifically for Arabic-speaking governments and enterprises. Founded by Hussam Almulhem, 9Yards X focuses on building sovereign AI infrastructure and enterprise AI solutions tailored for governments and highly regulated industries. Labib AI, founded…

Morocco-based super app ORA Technologies has extended its Series A funding round to $10 million, providing fresh capital to accelerate the growth of its digital payments business, expand its food delivery platform, and strengthen its ambition of building Morocco’s leading consumer technology ecosystem. Founded in 2023 by Omar Alami, ORA has now raised nearly $12 million since inception, making it one of Morocco’s best-funded consumer technology startups. More importantly, the latest round was led primarily by Azur Innovation Fund alongside other domestic investors, highlighting the growing maturity of Morocco’s venture capital ecosystem and the increasing willingness of local investors to…

Syrian marketplace startup AlMkhtar has closed a $100,000 seed funding round, led by angel investors Rani Abu-Shaar and Abdulah Al-Shamma, alongside a group of regional angel investors. The investment will support the company’s expansion across Syria, enhance its digital platform, and strengthen its position in the country’s growing online classifieds market. Founded in 2020 by Ayham Ksayer, AlMkhtar operates a digital marketplace connecting buyers and sellers, landlords and tenants, across real estate, vehicles, and a growing range of consumer categories. The company aims to modernize Syria’s fragmented marketplace by providing a trusted platform that simplifies transactions while improving transparency and…

Saudi-founded startup EdenMountain has announced GrowthX Capital for Investment as its lead institutional investor, marking a significant milestone as the company accelerates the global expansion of what it describes as the world’s first marketplace for ENORs® (Enterprise Non-Operating Rights)—a new tradable asset class that enables businesses to monetize commercial rights they are not actively utilizing. The strategic investment will support EdenMountain’s next phase of growth, including international expansion, product development, team growth, and broader adoption of its marketplace. Beyond providing capital, GrowthX Capital will work closely with the company by contributing institutional expertise, strategic guidance, and support for market expansion,…