Portfolio

CAIRO: Following initial news of the $3.1 billion deal in March 2019, US ride-hailing firm Uber completed its acquisition of Dubai-based vehicle-for-hire company Careem at the beginning of January 2020. Middle East and North Africa (MENA) startups have been getting much-needed funds to scale up their businesses, and 2019 seems to have set the bar high. During the first half of last year, startups in the region received $471 million in investments, up 66 percent from the $283 million invested over the same period in 2018. Given the steadily growing number of MENA startups, it remains extremely difficult to spot…

NATICK, Mass.–(BUSINESS WIRE)–Allurion Technologies, an established leader in the development of innovative, proven, and trusted weight loss experiences, is supporting customers around the world during COVID-19 with an expanded digital offering. The company’s weight loss program includes the world’s first and only procedureless gastric balloon, an individualized nutritional program, and a Bluetooth® smart scale and smartphone app that facilitate remote tracking. In response to recent data that indicates that individuals with obesity are at higher risk of poorer outcomes from COVID-19 and that quarantine measures may lead to weight gain, the company has expanded access to telenutrition for both existing…