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MENA Digest: Saudi firm CoreVision buys VeFund; MoneyHash, Hayi get funding
VCCircle
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1y ago
Medial
Saudi firm CoreVision made headlines in the MENA region as it acquired startup investment facilitator VeFund. Fintech platform MoneyHash secured $4.5 million in seed funding, while UAE-based social platform Hayi raised an undisclosed amount of funding. Other startups that received funding include travel tech platform The Digital Hotelier, AI tech company Camb AI, proptech platform Rize, and cloud kitchen startup The Cloud. Additionally, Dubai-based COTU Ventures closed its debut investment vehicle, raising $54 million to support startups in the region. Overall, it was an active week in terms of funding and investments in the MENA tech ecosystem.
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MENA Digest: Rize, MoneyHash, Retailhub, Pluto, Ogram, others raise fund
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6m ago
Medial
The Middle East and North Africa (MENA) region witnessed significant funding activities, with several startups securing investment to boost growth and expansion. Notably, Saudi Arabia's Rize raised $35 million, whereas MoneyHash, a US-based Egyptian fintech, secured $5.2 million for market penetration. UAE's Retailhub and Pluto expanded their platforms with new funding, while Ogram and Sampo AI also raised finances. Saudi agritech Arable obtained $2.55 million. These investments aim to foster regional growth and technological advancements.
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MENA Digest: Pathfinder leads funding this week; Saudi’s OTO gets another VC onboard
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1y ago
Medial
Pathfinder, a UAE retail technology solutions provider, secured funding from private equity firm Silver Rock Group. Meanwhile, Saudi logistics technology platform OTO raised its Series A funding. Other venture capital deals were also made in the MENA region this week.
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MENA Digest: Saudi’s Al Menu leads funding activity; Global Ventures onboards new LP
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10m ago
Medial
- 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.
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MENA Digest: WheeKeep, Airwater, Lune raise funding; Beco Capital gets an exit
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1y ago
Medial
During the week, several UAE and Saudi Arabia-based tech startups raised funding. Saudi logistics startup WheeKeep secured $8 million in Series A funding, UAE-based data analytics startup Lune raised $1.5 million in a seed round, proptech portal Property Finder raised $90 million in debt financing, electronics marketplace Revent secured $900,000 in pre-seed funding, and air-to-water technology company Airwater raised funding from Tau Capital. Additionally, investment firm Golden Gate Ventures launched a $100 million MENA fund, and Egypt-based firm Glint closed the first round of its $3 million venture fund.
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MENA Digest: Saudi Arabia's Mush Social, UAE's Brand IO raise early-stage funds
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9m ago
Medial
This week in the MENA region, early-stage venture capital deals were prominent in startup investment activity. Saudi Arabian social media startup Mush Social and UAE-based branding startup Brand IO raised pre-seed and seed funding respectively. Proptech company Ayen based in Saudi Arabia also announced an acquisition.
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MENA Digest: UAE’s SaaS startup Seez leads funding activity this week
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10m ago
Medial
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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MENA Digest: Voice technology startup Intella, edutech firms Jeel, El Kheta raise funds
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1y ago
Medial
Egyptian voice technology startup Intella was the leading recipient of funding in the MENA region, while overall investment activity was relatively low. Other startups that secured investment include Saudi edutainment platform Jeel and Egyptian edtech player El Kheta. Notable investment activity in June included Saudi Arabian online grocery platform Nana Direct and UAE-based e-commerce platform Riskified.
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MENA Digest: Egypt's Nawy, Saudi startup WakeCap bag big Series A cheques
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2m ago
Medial
Nawy, an Egyptian proptech startup, raised $52 million in Series A funding led by Partech, alongside $23 million in debt financing, to enhance its tech stack and expand regionally. Saudi Arabian startup WakeCap secured $28 million in Series A funding for geographical expansion and to improve its construction site management technology. Additionally, Saudi Arabia-based Kilow and UAE-based AqlanX received seed investments to expand their healthtech and AI-driven business automation services, respectively, reflecting a vibrant funding scene in the MENA region.
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MENA Digest: Lean Tech, UnifyApps lead funding activity; overall mop-up falls in Oct
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8m ago
Medial
Startup funding in the Middle East and North Africa (MENA) region saw notable activity with two prominent investment deals. Saudi fintech infrastructure platform, Lean Technologies, secured a high double-digit Series B funding, while UAE-based SaaS provider, UnifyApps, raised investment. However, the overall funding activity in the region declined in October.
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MENA Digest: Bahrain’s Sellou, Moroccan startup PayTic, others secure funding
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3m ago
Medial
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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