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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: UAE’s SaaS startup Seez leads funding activity this week
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11m 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: Egyptian startups lead funding activity
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1y ago
Medial
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.
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MENA Digest: Fintechs lead fundraising this week; VC investment falls in August
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11m ago
Medial
Fintech startups dominated venture capital fundraising in the MENA region this week, with Egyptian digital payments provider Paymob and UAE-based fintech FlapKap securing funding. However, VC investment in startups fell by 76% in August compared to July, with $83 million raised across 30 deals. Paymob raised $22 million in a Series B extension round, while FlapKap raised $34 million in pre-Series A funding. Other startups receiving funding included cloud kitchen IO Kitchens in Oman and proptech startup HissaTech in Saudi Arabia.
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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: UAE startups lead weekly funding; investment activity slows in June
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1y ago
Medial
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.
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MENA Digest: Connect Money leads fundraising; Smpl Holdings sets up VC fund
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1y ago
Medial
Egyptian fintech startup Connect Money raised $8 million in seed funding, leading fundraising activities in the MENA region. Other startups that secured funding include UAE-based B2B payments platform Comfi and Iraq-based food delivery app Alsaree3. Additionally, Smpl Holdings established a venture capital fund.
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MENA Digest: Saudi firm CoreVision buys VeFund; MoneyHash, Hayi get funding
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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: Egyptian startups lead funding rounds this week
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1y ago
Medial
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.
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MENA Digest: UAE’s WEE Marketplace raises $10 mn, three Egyptian startups secure funding
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1y ago
Medial
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.
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