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MENA Digest: UAE startups lead funding activity; CredibleX, Anghami secure $55 mn each
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7m ago
Medial
In the Middle East and North Africa region, UAE startups were the frontrunners in funding activity. Some notable startups include Klickl, which raised $25 million in a Series A funding round to expand its Web3 banking services. Fintech company CredibleX secured $55 million in seed funding to enhance its financial services for SMEs. Lebanon-founded music streaming app Anghami received $55 million in funding from OSN Group. Other startups such as OmniOps, InvoiceQ, and Unipal also raised capital for business growth and expansion.
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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: 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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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: Voice technology startup Intella, edutech firms Jeel, El Kheta raise funds
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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: Global Ventures-backed Abhi leads fundraising this week
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9m ago
Medial
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.
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MENA Digest: UAE startups lead fundraising activity this week
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11m ago
Medial
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.
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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: Volume low this week; July funding amount jumps threefold
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11m ago
Medial
This week, startup funding in the Middle East and North Africa (MENA) region was relatively low, but UAE-based meals aggregator platform MealPlanet secured significant seed funding from top venture capital firms. Despite the overall low volumes, other startups like a Kuwait-based peer-to-peer lending platform also managed to secure funding. The total funding amount in July increased threefold compared to previous periods.
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MENA Digest: Lean Tech, UnifyApps lead funding activity; overall mop-up falls in Oct
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8m ago
Medial
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.
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MENA Digest: UAE’s SaaS startup Seez leads funding activity this week
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10m 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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