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Lokalee, Maalexi get pre-Series A cheques; MEVP backs Clinicy

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VCCircle · 1y ago

Lokalee, Maalexi get pre-Series A cheques; MEVP backs Clinicy

Dealmaking in the MENA region picked up in the second week of 2024, with UAE-based Lokalee and Maalexi securing pre-Series A funding. Lokalee is a traveltech startup while Maalexi operates in the agri-fintech sector. Meanwhile, Saudi healthtech startup Clinicy received support from MEVP.

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MENA Digest: BioSapien, Ebana, five others nab funding cheques

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VCCircle · 6m ago

MENA Digest: BioSapien, Ebana, five others nab funding cheques

The Middle East and North Africa saw significant early-stage funding activity, with startups in UAE, Saudi Arabia, and Egypt securing investments. Key deals include Saudi fintech Ebana's $2.66M and UAE healthtech BioSapien's $7M funding. Egyptian logistics platform Fincart and Saudi edtech UpLevel also received funds, while Egyptian Dsquares acquired a stake in Prepit. Other notable fundraisers include UAE's Maalexi and Silkhaus, and Saudi services platform Nabeeh, all aiming to expand operations and enhance their offerings.

Crèmeitalia, Rupeeflo, Rubyworks pocket early-stage cheques

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VCCircle · 5m ago

Crèmeitalia, Rupeeflo, Rubyworks pocket early-stage cheques

Cheese products company Crèmeitalia raised Rs 18 crore in Series A funding, led by Amit Jatia Family Office, to scale operations and distribution. Founded in 2017, it aims for a 5x growth within 24 months. Fintech startup Rupeeflo, focusing on NRIs, secured $1 million in pre-Seed funding led by Piper Serica Angel Fund to develop a full-stack investment platform. Flexi-talent financial research platform Rubyworks, co-founded by Nirav Morakhia, raised undisclosed pre-Series A funding to expand and launch its AI-powered platform.

All Things Baby, Ikin Global, BitSave, DevX secure early-stage cheques

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VCCircle · 8m ago

All Things Baby, Ikin Global, BitSave, DevX secure early-stage cheques

Indian companies All Things Baby, Ikin Global, BitSave, and DevX have secured early-stage funding. All Things Baby, a platform for mother and baby products, raised Rs 30 crore ($3.6 million) in a Series A funding round led by Inoventures and Richa Choksi. Ikin Global, an IoT smart lock brand, raised $1 million in a pre-Series A round, led by Unicorn India Ventures and Callapina Capital. BitSave, a crypto investment platform, secured an undisclosed amount in a pre-Series A round, led by Leo Capital. DevX, specializing in headless commerce solutions, secured pre-seed funding led by Avinya Ventures.

GalaxEye, CynLr, Heliware secure early-stage cheques

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VCCircle · 9m ago

GalaxEye, CynLr, Heliware secure early-stage cheques

Spacetech startup GalaxEye, deeptech robotics startup CynLr, and 3D geospatial platform Heliware have secured early-stage funding. GalaxEye raised $10 million in a Series A funding round, allowing them to accelerate the development of their satellite mission for delivering high-resolution, all-weather data. CynLr raised $10 million in a Series A round, which will be used to expand their team and research capabilities. Heliware secured $0.5 million in pre-Series A funding to support the launch of their new products. These investments will further the growth and development of these innovative companies.

Probus, Healthfab, Agrilectric bag early-stage cheques

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VCCircle · 5m ago

Probus, Healthfab, Agrilectric bag early-stage cheques

Probus, Healthfab, and Agrilectric have secured early-stage funding. Probus, focused on smart grid technologies, raised $5 million in a Series A round led by Unicorn India Ventures. Healthfab, known for reusable period panties, raised $1 million in a pre-Series A led by Mistry Ventures. Agrilectric secured $100,000 for developing electric-powered farming solutions. These firms aim to utilize the funds to enhance product development, market reach, and technological advancements in their respective sectors.

Hala Mobility, Mihup, Viraa Care bag early-stage cheques

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VCCircle · 9m ago

Hala Mobility, Mihup, Viraa Care bag early-stage cheques

EV-as-a-Service startup Hala Mobility, conversation intelligence platform Mihup, and health-tech startup Viraa Care have secured early-stage funding. Hala Mobility raised INR 51 crore ($6.8 million) in pre-Series A funding to expand its electric vehicle fleet and footprint in India. Mihup secured INR 50 crore ($6.7 million) to accelerate its growth and enter new markets. Viraa Care raised $108,000 in pre-seed funding to develop a comprehensive childcare system focused on infant nutrition.

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.

Beyond Snack bags $8.3 mn; Dr. Doodley, Revivo get pre-seed cheques

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VCCircle · 7m ago

Beyond Snack bags $8.3 mn; Dr. Doodley, Revivo get pre-seed cheques

Beyond Snack, a banana chips maker, raised $8.3 million in Series A funding led by 12 Flags Group and others, aiming to expand globally and innovate products. Pet healthcare startup Dr. Doodley secured pre-seed funding to expand its veterinary services, while laundry service Revivo received pre-seed investment from Inflection Point Ventures to enhance technology and branding. Beyond Snack operates in 12 countries and seeks further growth, and Dr. Doodley serves 2,000 customers recently.

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

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VCCircle · 7m 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.

Dhruva Space, Nabhdrishti Aerospace grab early-stage cheques

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VCCircle · 1y ago

Dhruva Space, Nabhdrishti Aerospace grab early-stage cheques

Spacetech startup Dhruva Space has raised $9.3 million in a Series A2 funding round, led by Indian Angel Network's IAN Alpha Fund. The Hyderabad-based company has completed four space missions and is currently setting up a spacecraft manufacturing facility. Deeptech startup Nabhdrishti Aerospace has raised Rs 3 crore in pre-seed funding to aid the development of a fuel flex combustor prototype. The company designs and develops gas turbine engines for aviation and power generation. Both companies plan to use the funds to accelerate their product development and scale their operations.

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