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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.

Related News

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: Voice technology startup Intella, edutech firms Jeel, El Kheta raise funds

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VCCircle · 1y ago

MENA Digest: Voice technology startup Intella, edutech firms Jeel, El Kheta raise funds

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.

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.

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: Egyptian startups lead funding rounds this week

VCCircle

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: 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

VCCircle

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.

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

VCCircle

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.

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