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

VCCircle

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.

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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 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.

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

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

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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: 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: Saudi Arabia's Mush Social, UAE's Brand IO raise early-stage funds

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VCCircle · 9m ago

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.

MENA Digest: Egyptian startups lead funding rounds this week

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VCCircle · 1y ago

MENA Digest: Egyptian startups lead funding rounds this week

Egyptian startups took the lead in funding rounds in the Middle East and North Africa (MENA) region this week. Three tech-based companies, Synapse Analytics, Cartona, and Educatly, secured funding to support their expansion plans. Additionally, MNT-Halan, an Egyptian fintech company, achieved unicorn status with its recent funding round. The surge in funding highlights the growing interest and support for startups in Egypt's vibrant tech ecosystem.

MENA Digest: UAE startups lead fundraising activity this week

VCCircle

VCCircle · 12m ago

MENA Digest: UAE startups lead fundraising activity this week

This week, UAE-based startups took the lead in fundraising activity in the Middle East and North Africa region. Verofax, a Web3 services provider, secured bridge funding, while Powder Beauty, an e-commerce platform, and Hulexo, a software provider, raised pre-Series A and seed rounds respectively. Another UAE-based startup, Myco, a Web3 streaming platform, also received funding.

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: Egypt’s Mrkoon, UAE’s BILRS, FanTV secure funding

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VCCircle · 5m ago

MENA Digest: Egypt’s Mrkoon, UAE’s BILRS, FanTV secure funding

Funding activity in the Middle East and North Africa (MENA) region recently slowed due to Ramadan, but several startups still secured early-stage funding. Egyptian platform Mrkoon got bridge funding for regional expansion, while UAE’s BILRS and FanTV secured funding for technological growth and AI enhancement, respectively. Additionally, UAE’s Talabat Holding acquired Instashop for $32 million to boost its regional grocery and retail offerings. MENA startups saw significant funding growth in February with $494 million raised across 58 deals.

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