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.
Dubai-based construction intelligence and procurement platform, ProTenders, has raised $3 million in a pre-series A funding round led by a prominent group of UAE-based investors.
The deal marks the first fund raise of ArabyAds, which has been operating in the UAE and GCC market since 2013 with offices in Egypt and Dubai.
The round was co-led by Algebra Ventures and Endure Capital, with participation from 500 Startups, Flat6labs, and angel investors.
Of the population surveyed in summer last year, nearly one in four adults in Lebanon was either starting or running a new business.
Algebra Ventures has partnered with investment management firm, Ezdehar Management, to invest an undisclosed amount into Dsquares—an Egypt-based loyalty solutions provider.