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MENA DIGEST: Saudi Arabian tech startups lead funding activity this week
VCCircle
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6m ago
Medial
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.
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MENA Digest: Saudi Arabia's Mush Social, UAE's Brand IO raise early-stage funds
VCCircle
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8m ago
Medial
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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MENA Digest: Voice technology startup Intella, edutech firms Jeel, El Kheta raise funds
VCCircle
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1y ago
Medial
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.
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MENA Digest: UAE’s SaaS startup Seez leads funding activity this week
VCCircle
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9m 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
VCCircle
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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: Saudi, UAE and Qatari fintech startups lead funding activity
VCCircle
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1m ago
Medial
Fintech startups in the Middle East and North Africa are experiencing significant funding activity, led by companies from Saudi Arabia, the UAE, and Qatar. Saudi Arabian platform Stitch raised $10 million for expansion, UAE fintech Qashio secured $19.8 million for Saudi Arabian entry, and Qatar’s PayLater received investment to enhance operations. Additionally, UAE's Gainz and Saudi's BirdEye also garnered funding for growth, reflecting a dynamic fintech landscape in the region.
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MENA Digest: UAE’s WEE Marketplace raises $10 mn, three Egyptian startups secure funding
VCCircle
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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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MENA Digest: Egyptian startups lead funding rounds this week
VCCircle
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11m 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: Halo AI, TAP, Teammates AI, Opteam bag early-stage cheques
VCCircle
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6m ago
Medial
Funding activity in the Middle East and North Africa saw significant early-stage investments this week. Saudi Arabian networking platform Halo AI led the way with $6 million in seed funding. Other notable investments went to TAP, a Palestinian-Dutch platform, UAE-based Teammates AI, and construction tech platform Opteam. Furthermore, Egyptian fintech Raseedi acquired another fintech player, Kashat, to enhance its offerings with instant loans. Each startup aims to expand its market presence and enhance its technological capabilities.
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MENA Digest: Saudi’s Al Menu leads funding activity; Global Ventures onboards new LP
VCCircle
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9m 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: Saudi firm CoreVision buys VeFund; MoneyHash, Hayi get funding
VCCircle
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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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