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MENA Digest: UAE startups lead fundraising activity this week
VCCircle
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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: Global Ventures-backed Abhi leads fundraising this week
VCCircle
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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: Egyptian startups lead funding activity
VCCircle
·
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 SaaS startup Seez leads funding activity this week
VCCircle
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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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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: UAE startups lead weekly funding; investment activity slows in June
VCCircle
·
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: Fintechs lead fundraising this week; VC investment falls in August
VCCircle
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10m 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: Saudi Arabia's Mush Social, UAE's Brand IO raise early-stage funds
VCCircle
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9m 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: Connect Money leads fundraising; Smpl Holdings sets up VC fund
VCCircle
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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: Voice technology startup Intella, edutech firms Jeel, El Kheta raise funds
VCCircle
·
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: Basserah, nybl merge; The Cloud, gaming startups raise funds
VCCircle
·
1y ago
Medial
During the past week, the Middle East and North Africa (MENA) region experienced increased dealmaking activity. Notable events include the merger of UAE machine learning startup Nylb with Riyadh-based data automation firm Basserah. Additionally, several early-stage startups secured funding, such as gaming platforms Exverse and GameCentric. The Cloud, an Abu Dhabi-based cloud kitchen startup, raised funds for expansion in Europe. Furthermore, Egyptian venture capital firm Sawari Ventures plans to launch a $150 million fund for startup investments in various sectors.
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