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MENA Digest: UAE’s SaaS startup Seez leads funding activity this week
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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: 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: 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: Egypt’s Mrkoon, UAE’s BILRS, FanTV secure funding
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4m ago
Medial
Funding activity in the Middle East and North Africa (MENA) region recently slowed due to Ramadan, but several startups still secured early-stage funding. Egyptian platform Mrkoon got bridge funding for regional expansion, while UAE’s BILRS and FanTV secured funding for technological growth and AI enhancement, respectively. Additionally, UAE’s Talabat Holding acquired Instashop for $32 million to boost its regional grocery and retail offerings. MENA startups saw significant funding growth in February with $494 million raised across 58 deals.
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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: Saudi Arabia's Mush Social, UAE's Brand IO raise early-stage funds
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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: Saudi’s Al Menu leads funding activity; Global Ventures onboards new LP
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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: 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: UAE’s Wafeq, BioSapien get biggest funding cheques this week
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7m ago
Medial
UAE-based startups, Wafeq and BioSapien, secured the largest funding amounts in the MENA region this week. Wafeq, an accounting platform for SMEs, raised $7.5 million in a Series A funding round led by 9900 Capital. BioSapien, a healthtech company developing a drug delivery platform to treat cancer, raised $5.5 million in a pre-Series A round led by Global Ventures. Other startups that raised funds include Saudi edtech platform AlGooru, Moroccan B2B marketplace Z, Saudi-based services platform Abikhdmn, UAE-based B2B autotech company BuyAnyAutoPart, and web 3.0 social network DeChat.
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MENA DIGEST: Saudi Arabian tech startups lead funding activity this week
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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: Basserah, nybl merge; The Cloud, gaming startups raise funds
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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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