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How startup funding fared in MENA region

VCCircle

VCCircle · 8m ago

How startup funding fared in MENA region

Startup funding activity in the Middle East and North Africa (MENA) region experienced a slowdown in 2024, following the global trend. However, there was a slight increase in deal volumes compared to the previous year. Startups in the region managed to raise nearly $2 billion through over 450 transactions.

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Flashback 2023: How startup dealmaking panned out across the MENA region

VCCircle

VCCircle · 1y ago

Flashback 2023: How startup dealmaking panned out across the MENA region

In 2023, the MENA region experienced a surge in startup activity, although venture capital funding slowed down in line with the global dealmaking slowdown. Startup funding in the region reached $2.75 billion across over 400 deals. Despite the moderation in funding, the MENA region continued to be a hotspot for startup growth and innovation.

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

VCCircle

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: 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.

Flashback 2023: How startup dealmaking panned out across the MENA region

VCCircle

VCCircle · 1y ago

Flashback 2023: How startup dealmaking panned out across the MENA region

In 2023, the MENA region experienced a rise in startup activity, however, venture capital funding has slowed down in line with global dealmaking trends. Over 400 startups in the region raised approximately $2.75 billion.

MENA Digest: UAE’s WEE Marketplace raises $10 mn, three Egyptian startups secure funding

VCCircle

VCCircle · 1y ago

MENA Digest: UAE’s WEE Marketplace raises $10 mn, three Egyptian startups secure funding

Funding activity in the MENA region saw a boost this week, with UAE-based e-commerce startup WEE Marketplace securing $10 million in funding. Additionally, three Egyptian startups - Bokra, blueworks, and Waffarha - also secured funding. The investments highlight the growing interest in startups and emerging tech companies in the region.

MENA Digest: Saudi firm CoreVision buys VeFund; MoneyHash, Hayi get funding

VCCircle

VCCircle · 1y ago

MENA Digest: Saudi firm CoreVision buys VeFund; MoneyHash, Hayi get funding

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.

MENA Digest: Lean Tech, UnifyApps lead funding activity; overall mop-up falls in Oct

VCCircle

VCCircle · 9m ago

MENA Digest: Lean Tech, UnifyApps lead funding activity; overall mop-up falls in Oct

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.

MENA Digest: UAE startups lead weekly funding; investment activity slows in June

VCCircle

VCCircle · 1y ago

MENA Digest: UAE startups lead weekly funding; investment activity slows in June

During the week, three UAE-based startups secured venture capital funding, while overall investment activity in the MENA region slowed down in June. Revibe, a refurbished electronics marketplace startup, led the funding with a Series A round. Additionally, agri fintech startup Maalexi also secured funding.

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

VCCircle

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.

Golden Gate Ventures expands global reach: Launches MENA office in Saudi Arabia

Startup News FYI

Startup News FYI · 1y ago

Golden Gate Ventures expands global reach: Launches MENA office in Saudi Arabia

Golden Gate Ventures, a prominent venture capital fund, is expanding its global reach by launching its inaugural Middle East and North Africa (MENA) office in Saudi Arabia. This move aims to strengthen connections between Singapore and the MENA region and accelerate the growth of the startup ecosystem in MENA. Golden Gate Ventures has already been actively engaged in the region, collaborating with startup ecosystem partners across the Gulf Cooperation Council (GCC). The firm is providing mentorship to over 50 founders from MENA, helping them navigate the global startup landscape.

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