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MENA Digest: Zension, Revie, MilkStraw AI, Vreal raise funding
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7m ago
Medial
Several Saudi Arabian startups, including Zension Technologies, Revie, and Vreal, along with UAE-based MilkStraw AI, have collectively raised funds to expand their ventures. Zension, an after-sale service provider, secured $30 million in Series A funding. Revie, an interior design marketplace, raised $2.5 million to scale operations. MilkStraw AI garnered $600,000 to enhance regional presence, and Vreal, an AR/VR provider, received a pre-seed investment to broaden its technology applications.
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MENA Digest: Egypt’s Mrkoon, UAE’s BILRS, FanTV secure funding
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5m 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: 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: Bahrain’s Daleel, Oman’s Mubashir raise funding
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1y ago
Medial
Bahrain's Daleel and Oman's Mubashir were among the few startups in the Middle East to raise funding during Ramadan. Daleel, a financial marketplace, raised an undisclosed amount led by venture builder Hambro Perks Spring Studios and Flat6Labs. Meanwhile, adtech firm Mubashir secured funding from ITHCA Group to support its expansion plans. In March, MENA startups raised $254m across 54 deals, with SaaS providers leading the funding with $130.6m, followed by fintech with $40m.
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MENA Digest: Saudi firm CoreVision buys VeFund; MoneyHash, Hayi get funding
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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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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: Tunisian startup Kumulus Water, Qatar’s ShipBee secure funding
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2m ago
Medial
In a quiet week for deals in the MENA region, two startups secured funding. Tunisian water-tech startup Kumulus Water raised $3.5 million in seed funding to scale its technology converting air into drinking water and expand into new markets. Qatar-based logistics startup ShipBee raised $235,000 in pre-seed funding to enhance their AI-backed logistics platform, further developing their digital marketplace and extending their regional reach. Both startups anticipate growth and expansion with the secured funds.
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MENA Digest: UAE’s Qeen AI, Egyptian firms Khazna and Simplex net big cheques
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6m ago
Medial
UAE-based AI startup Qeen AI secured one of the largest seed investments in the MENA region, raising $10 million. Egyptian fintech Khazna obtained pre-Series B funding to support expansion, while CNC machine manufacturer Simplex gained $13 million to expand operations. Wealth management platform Myne raised $2 million. Additionally, Lendo, a Saudi debt crowdfunding marketplace, acquired a $690 million facility to enhance lending and SME coverage, marking notable funding activities across the region.
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MENA Digest: Rize, MoneyHash, Retailhub, Pluto, Ogram, others raise fund
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6m ago
Medial
The Middle East and North Africa (MENA) region witnessed significant funding activities, with several startups securing investment to boost growth and expansion. Notably, Saudi Arabia's Rize raised $35 million, whereas MoneyHash, a US-based Egyptian fintech, secured $5.2 million for market penetration. UAE's Retailhub and Pluto expanded their platforms with new funding, while Ogram and Sampo AI also raised finances. Saudi agritech Arable obtained $2.55 million. These investments aim to foster regional growth and technological advancements.
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MENA Digest: SiFi, Elevate raise funds; May VC funding up 5 times from April, down 58% YoY
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1y ago
Medial
Simplified Financial Solutions Company (SiFi) and Elevate, two fintech startups in the Middle East and North Africa (MENA) region, have successfully raised funds to grow their businesses. SiFi secured double-digit seed funding from venture capital firms, while Elevate received a pre-Series A investment round. These funding rounds indicate a positive trend for the MENA fintech sector, with VC funding in May increasing by five times compared to April. However, year-on-year, funding is down by 58%.
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MENA Digest: UAE’s Tarjama, Egyptian startup Sylndr, Cairo’s Thndr get funding
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2m ago
Medial
Startup funding in the Middle East and North Africa (MENA) region featured significant investments in UAE's Tarjama, Egypt's Sylndr, and Cairo's Thndr. Tarjama, a language solutions company, raised $15 million for technological expansion and AI development. Sylndr, a used-car platform in Egypt, secured $15.7 million to enhance its fintech capabilities and expand operations. Thndr, an investment platform, also gained $15.7 million to grow regionally. Several other startups in Saudi Arabia, Kuwait, and more also received varying funding amounts.
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