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MENA Digest: Bahrain’s Sellou, Moroccan startup PayTic, others secure funding

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VCCircle · 4m ago

MENA Digest: Bahrain’s Sellou, Moroccan startup PayTic, others secure funding

Early-stage startups in the Middle East and North Africa (MENA) region led fundraising activities recently. Notable companies include Moroccan fintech PayTic, securing $4 million for expansion in Africa, and Bahrain-based social commerce platform Sellou, raising seed funding for regional growth. Saudi AI startup STUCK? and UAE proptech Rentify also secured pre-seed investments. Additionally, Saudi B2B marketplace Sary merged with Bangladesh's ShopUp, forming SILQ Group and raising $110 million led by Sanabil Investments and Valar Ventures.

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MENA Digest: Global Ventures-backed Abhi leads fundraising this week

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VCCircle · 10m ago

MENA Digest: Global Ventures-backed Abhi leads fundraising this week

Abhi, a UAE fintech startup supported by Global Ventures and VentureSouq, took the lead in fundraising activities in the MENA region this week. The company secured debt funding to support its expansion plans. Additionally, other startups like WellPal, AILA, and Moroccan proptech also successfully raised capital during this period.

MENA Digest: Bahrain’s Daleel, Oman’s Mubashir raise funding

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VCCircle · 1y ago

MENA Digest: Bahrain’s Daleel, Oman’s Mubashir raise funding

Bahrain's Daleel and Oman's Mubashir were among the few startups in the Middle East to raise funding during Ramadan. Daleel, a financial marketplace, raised an undisclosed amount led by venture builder Hambro Perks Spring Studios and Flat6Labs. Meanwhile, adtech firm Mubashir secured funding from ITHCA Group to support its expansion plans. In March, MENA startups raised $254m across 54 deals, with SaaS providers leading the funding with $130.6m, followed by fintech with $40m.

MENA Digest: Aanaab, Nowlun, Enakl, Playgama lead funding activity this week

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VCCircle · 8m ago

MENA Digest: Aanaab, Nowlun, Enakl, Playgama lead funding activity this week

Saudi Arabian edtech platform Aanaab raised $7 million in Series A funding to expand its operations and offer more training programs. Egyptian digital freight forwarding platform Nowlun secured $1.7 million in seed funding for expansion. Moroccan mobility startup Enakl received $1.4 million in pre-Seed funding to support its growth. UAE-based gametech startup Playgama raised $3 million to scale its business and introduce advanced analytics and fintech solutions. Funding activity in the MENA region has been active, with eyewear retailer Eyewa recently raising $100 million in a Series C round.

MENA Digest: Saudi’s Al Menu leads funding activity; Global Ventures onboards new LP

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VCCircle · 10m ago

MENA Digest: Saudi’s Al Menu leads funding activity; Global Ventures onboards new LP

- Saudi Arabian foodtech SaaS firm Al Menu leads startup funding activities in MENA region with a double-digit investment. - UAE-based podcast distribution platform Podeo raises growth capital to expand its geographical footprint. - Several startups secure funding in the MENA region, contributing to the growing startup ecosystem. - Al Menu's funding highlights the potential of the foodtech industry in the region. - Podeo's funding reflects the increasing popularity and demand for podcasts in the Middle East and North Africa. - The MENA region continues to attract investment, fostering innovation and entrepreneurship.

MENA Digest: Volume low this week; July funding amount jumps threefold

VCCircle

VCCircle · 1y ago

MENA Digest: Volume low this week; July funding amount jumps threefold

This week, startup funding in the Middle East and North Africa (MENA) region was relatively low, but UAE-based meals aggregator platform MealPlanet secured significant seed funding from top venture capital firms. Despite the overall low volumes, other startups like a Kuwait-based peer-to-peer lending platform also managed to secure funding. The total funding amount in July increased threefold compared to previous periods.

MENA Digest: Egyptian startups lead funding activity

VCCircle

VCCircle · 1y ago

MENA Digest: Egyptian startups lead funding activity

MENA Digest: Egyptian fintech startups Swypex and MNZL garnered the most funding in the region, amidst a slow week for deals. Both startups secured seed funding. Meanwhile, UAE-based Edtech startup SecureMyScholarship closed a bridge round. Overall, funding activity was relatively low in the MENA region during this period.

MENA Digest: UAE’s Wafeq, BioSapien get biggest funding cheques this week

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VCCircle · 8m ago

MENA Digest: UAE’s Wafeq, BioSapien get biggest funding cheques this week

UAE-based startups, Wafeq and BioSapien, secured the largest funding amounts in the MENA region this week. Wafeq, an accounting platform for SMEs, raised $7.5 million in a Series A funding round led by 9900 Capital. BioSapien, a healthtech company developing a drug delivery platform to treat cancer, raised $5.5 million in a pre-Series A round led by Global Ventures. Other startups that raised funds include Saudi edtech platform AlGooru, Moroccan B2B marketplace Z, Saudi-based services platform Abikhdmn, UAE-based B2B autotech company BuyAnyAutoPart, and web 3.0 social network DeChat.

MENA Digest: UAE’s Flow48, Saudi Arabian CQR, Bahrain’s Lola get funding

VCCircle

VCCircle · 5m ago

MENA Digest: UAE’s Flow48, Saudi Arabian CQR, Bahrain’s Lola get funding

Several Middle Eastern startups have received funding to support their growth. UAE's Flow48, a fintech startup, raised $69 million to expand its financial services in Saudi Arabia and the UAE. Saudi Arabian cybersecurity firm CQR secured $3 million to enhance its AI capabilities. UAE-based SaaS provider Journify obtained $4 million for growth, and Omnispay, a fintech startup, raised $1.5 million. In Bahrain, foodtech startup Lola received $1.3 million to expand in Saudi Arabia and the Gulf region.

MENA DIGEST: Saudi Arabian tech startups lead funding activity this week

VCCircle

VCCircle · 7m ago

MENA DIGEST: Saudi Arabian tech startups lead funding activity this week

Saudi Arabian tech startups led the MENA funding activity this week. Calo, a foodtech startup, raised $25 million in a Series B round, aiming for a $50 million extension and a 2027 IPO. The round was led by Nuwa Capital with participation from STV and others. Edtech startup YNMO secured $5 million, led by Wa’ed Ventures, to expand its AI-based rehabilitation services for children with disabilities, enhancing partnerships across the Gulf region.

MENA Digest: UAE’s SaaS startup Seez leads funding activity this week

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VCCircle · 11m ago

MENA Digest: UAE’s SaaS startup Seez leads funding activity this week

UAE-based automotive SaaS startup Seez has secured growth capital funding from international investors to support its geographical expansion plans. Additionally, Algerian ed-tech startup LabLabee and Saudi vacation property rental startup Darent have both secured seed funding. Seez's funding round leads the fundraising activity in the MENA region this week.

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