Saudi-based restaurant management system, Foodics, has closed a bridge round from Kuwaiti venture capital firm, Faith Capital. The amount of investment wasn’t disclosed.
UAE-based food delivery startup LUNCH:ON has secured a further $2.5 million in the final closing of its Series A round, bringing the total funding round to $5.5 million.
The new announcement is the third of its kind for Property Finder in less than a month, as the UAE-based company seeks to expand its operations across the region.
The latest investments will be used to develop the company’s products, mainly its first product into the market called ‘Sally’, which is the first chatbot offered through Facebook messenger to
GCC-based eyewear e-commerce site eyewa has raised $7.5 million of investment in a Series A round; bringing the total funding to date to $8.6 million.
According to research, global esports’ revenues will hit $1.1 billion in 2019, and $1.8 billion by 2022. And the esports audience will reach 453.8 million this year.
The latest funding round will help the company to spin-off online sales in the region and internationally to scale and further grow recurring revenues, building new products for new regions.
MENA’s real estate classifieds website Property Finder has signed an agreement to acquire its rival, JRD Group, a UAE-based real estate technology provider.