Ideal Tech Startups Chart of Accounts
Introduction A chart of accounts is a list of all the accounts that a company uses to record its financial transactions. It is an essential tool for tracking income and expenses, and for generating financial reports. The ideal chart of accounts for a tech startup will vary depending on the
10 Mistakes Founders Make When Dealing With Their Startup’s Accounting
Starting a new startup is an exciting time, but it can also be overwhelming. There are so many things to do, and it’s easy to overlook the importance of good accounting. However, making mistakes in your startup’s accounting can have serious consequences, such as: * Getting audited by the
Venture Capital in MENA: A Thriving Landscape for Tech Startups
The Middle East and North Africa (MENA) region has emerged as a hotbed for technological innovation and entrepreneurial activity. As the global digital revolution accelerates, MENA’s tech ecosystem is gaining significant momentum, presenting lucrative opportunities for venture capital (VC) investors. This article explores the tech investment landscape in MENA and
The Potential of AI in the GCC: Unlocking Economic Growth and Overcoming Adoption Challenges
Artificial Intelligence (AI) holds vast potential for the Gulf Cooperation Council (GCC) countries, with the capability to deliver up to $150 billion in value, equivalent to 9 percent or more of the combined GDP of these nations. Despite the transformative potential, the speed of AI adoption varies across sectors, and
Saudi Arabia’s Startup Ecosystem: A Thriving Hub for Venture Capital
Saudi Arabia’s startup ecosystem experienced remarkable growth in 2022, with over $1.2 billion in venture capital, corporate, and equity funding directed to Saudi startups. This represents an astonishing 20x growth in just five years, with the average deal size in Saudi Arabia increasing significantly to over $20 million per deal.
Messenger Raises Pre-Seed Funding Led by Nama Ventures
April, Nigeria. Messenger, A one stop logistics platform that finances and aggregates end to end logistics and supply chain operations, announced that it has raised an undisclosed amount in a pre-seed funding round led by Nama Ventures with participation from Aidi Ventures and notable Angels . The “last mile” refers
Termii Secures $3.65M to Fuel Innovation in Africa’s Customer Engagement Sphere
Termii Secures $3.65M to Fuel Innovation in
Africa’s Customer Engagement Sphere
Nama Ventures & RAZ Group (KSA) leads Cargoz.com’s bridge round
Cargoz is a logistics startup that connects SMEs looking for warehousing space with warehousing companies who has extra capacity, like Airbnb but for commercial warehousing & storage, has secured an undisclosed amount in Bridge Funding from Nama Ventures, RAZ Group (KSA) and a select few angel investors who are key
Egypt’s Tech Scene: A Growing Hub for Venture Capital Investment
Egypt’s rapidly expanding tech scene has become a magnet for venture capital investments, with both local and international investors eager to support innovative startups. The country’s large population of over 100 million, with 80% under the age of 40, presents a vast and dynamic market for companies to tap into,
What Does Nama Ventures Looks For When Reviewing A Data Room
Nama Ventures is a venture capital fund that focuses on investing in early-stage technology startups. Known for our strategic investments and long-term approach to building successful businesses, it is vital that we or any investor do their due diligence . The investigation can then evaluate whether your company is suitable
The Role of Venture Capital in Fueling Startups in MENA
A startup is a company in its early stages of operation, often founded around a unique business idea, product, or service, with the aim of growing rapidly. To achieve that growth, startups require funding, and this is where venture capital plays a critical role. Venture capital is a type of
Venture Capital in Saudi Arabia: Driving Innovation and Economic Growth
Venture capital is a form of financing that provides capital to early-stage, potentially high-growth companies in exchange for an equity stake in the business. Unlike traditional financing, venture capital isn’t always monetary. Venture capital firms often provide crucial resources, networking opportunities, and expert support to entrepreneurs and startups, helping them
Rapid Prototyping
What is Rapid Prototyping? An iterative method for the design phase of an app or website is called rapid prototyping. Using frequently updated prototypes and numerous brief cycles, the goal is to swiftly enhance the design and its functionality. By resolving typical design difficulties prior to the start of product
Raising Capital with SAFE Notes: A Preferred Investment Tool for Startups
Raising capital is a challenging yet essential step for startups. While there are many funding options available, not every venture has the opportunity to secure investment. One increasingly popular option in the startup world is the Simple Agreement for Future Equity (SAFE), which has become a favored investment tool. SAFE
Muqbis, the Egyptian Online Marketplace For Handicrafts Raises Pre-seed Funding by Nama Ventures
Muqbis; the full-fledged Marketplace that is created by Tech Nerds to connect the full circuit for “Handicrafts Talented Hands” in MEA, announced that it has raised an undisclosed amount in a pre-seed funding round by Nama Ventures. Muqbis was launched in 2021 by Iman El Wasifi, Mohamed Nasser and Kareem
Financial Best Practices for Startups
At Nama Ventures, we believe that a startup’s financial statements tell the story of its success. They reflect how well the company is performing and its standing in the industry compared to competitors. Maintaining proper accounting and bookkeeping helps startups monitor their financial health and ensures they have the resources
FinTech Duplo raises $4.3M SEED with participation from Nama Ventures
B2B payment platform Duplo has raised $4.3M in a SEED funding saw participation from Liquid2 Ventures, Soma Capital, Tribe Capital, Commerce Ventures, Basecamp Fund, Nama Ventures, Y Combinator, and returning investor Oui Capital. Launched in 2021 by Yele Oyekola and Tunde Akinnuwa, Duplo is aimed at helping FMCG distributors and finance teams of midsize and enterprise businesses to digitize and
Cargoz , A UAE Logistics Startup Secures Pre-seed Funding by Nama Ventures
August 23rd, Dubai, UAE. Cargoz is a logistics startup that connects SMEs looking forwarehousing space with warehousing companies who has extra capacity, like Airbnbbut for commercial warehousing & storage, has secured a pre-seed funding by Nama Ventures. After Covid, the SMEs who had to suffer the most, no longer want
Faceki announces a Seed funding round led by Nama Ventures
FACEKI, the award-winning fraud protection and identity verification platform, announced that it has raised an undisclosed amount in a seed funding round led by Nama Ventures, with participation from Vision Ventures, and other prominent Angel Investors. FACEKI was founded in March 2020 by Hamza Al-Ghatam, Dr. Mustafa Marhama, and Nabeel Radhi.
Celebrating Two Years of Nama Ventures: A Journey of Growth and Innovation
Last week marked the second anniversary of our First Close at Nama Ventures. In venture capital (VC) terms, this means it has been two years since we officially opened our doors to fund startups. It’s incredible how time flies—especially when you’re doing what you’re passionate about. Over the past two
