🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

MENA Digest: UAE startups lead fundraising activity this week

VCCircle

VCCircle · 11m ago

MENA Digest: UAE startups lead fundraising activity this week

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.

Related News

MENA Digest: Global Ventures-backed Abhi leads fundraising this week

VCCircle

VCCircle · 10m ago

MENA Digest: Global Ventures-backed Abhi leads fundraising this week

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.

MENA Digest: Egyptian startups lead funding activity

VCCircle

VCCircle · 1y ago

MENA Digest: Egyptian startups lead funding activity

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.

MENA Digest: UAE’s SaaS startup Seez leads funding activity this week

VCCircle

VCCircle · 10m ago

MENA Digest: UAE’s SaaS startup Seez leads funding activity this week

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.

MENA Digest: UAE’s WEE Marketplace raises $10 mn, three Egyptian startups secure funding

VCCircle

VCCircle · 1y ago

MENA Digest: UAE’s WEE Marketplace raises $10 mn, three Egyptian startups secure funding

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.

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.

MENA Digest: Fintechs lead fundraising this week; VC investment falls in August

VCCircle

VCCircle · 11m ago

MENA Digest: Fintechs lead fundraising this week; VC investment falls in August

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.

MENA Digest: Saudi Arabia's Mush Social, UAE's Brand IO raise early-stage funds

VCCircle

VCCircle · 9m ago

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.

MENA Digest: Connect Money leads fundraising; Smpl Holdings sets up VC fund

VCCircle

VCCircle · 1y ago

MENA Digest: Connect Money leads fundraising; Smpl Holdings sets up VC fund

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.

MENA Digest: Voice technology startup Intella, edutech firms Jeel, El Kheta raise funds

VCCircle

VCCircle · 1y ago

MENA Digest: Voice technology startup Intella, edutech firms Jeel, El Kheta raise funds

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.

MENA Digest: Basserah, nybl merge; The Cloud, gaming startups raise funds

VCCircle

VCCircle · 1y ago

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.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

OpenAI gives some employees a ‘sp ...

Nirmala Sitharaman Tables Revised ...

Zerodha, Perplexity Hint at Tie-U ...

Download the medial app to read full posts, comements and news.