Last week, there were 5 startup investments and 1 secondary transactions in the MENA between April 11 – 17:
Investments:
3 Kingdom of Saudi Arabia (KSA), 1 Morocco, 1 United Arab Emirates (UAE)
Secondary Transactions:
1 Jordan
Sectors Received Investments:
1 Financial Services
1 Document Management
1 Construction
1 Proptech
1 Language Learning
News of the Week
🎯 Fintech startup PayTic raised $4 million.
PayTic, which specialises in automating complex operational processes for card issuers, including reconciliation and chargeback management, has raised $4 million from AfricInvest alongside Build Ventures, Axian Group, Mistral, Island Capital Partner and Concrete.
Transaction Type: Investment
Investors: AfricInvest alongside Build Ventures, Axian Group, Mistral, Island Capital Partner, Concrete
Co-founders: Imad Boumahdi
Headquarters: Morocco
🎯 Digital signature platform Sadq raised $1.5 million.
Sadq, which provides adigital signature and document authentication platform designed to meet national legal and compliance standards, has raised $1.5 million in pre-Series A funding round from X by Unifonic Fund.
Transaction Type: Investment
Investors: X by Unifonic Fund
Co-founders: Abdullah Allahuo, Salem Al-Badawi
Headquarters: Kingdom of Saudi Arabia (KSA)
🎯 Construction technology startup TruBuild raised $1 million.
TruBuild, which uses artificial intelligence to reduce inefficiencies, improve collaboration, and prevent project variations, has raised $1 million in Seed funding round, led by Wa’ed Ventures and Dar Ventures. Plug & Play Ventures, OQAL, Taz Investment and angel investors also participated in the investment round.
Transaction Type: Investment
Investors: Wa’ed Ventures, Dar Ventures, Plug & Play Ventures, OQAL, Taz Investment, angel investors
Co-founders: Bisrat Degefa, Sari Sabban
Headquarters: Kingdom of Saudi Arabia (KSA)
🎯 Proptech startup Rentify raised $500.000.
Rentify, which allows tenants to manage rental instalments with landlords, has raised $500.000.
Transaction Type: Investment
Investors: –
Co-founders: Rashed Hareb, Rajneel Kumar
Headquarters: United Arab Emirates (UAE)
🎯 AI-powered language intelligence platform Stuck raised funding.
Stuck, which provides on-demand language services to teams in English and Arabic content supported by AI, has raised an investment in Seed funding round from MENA Tech Fund, KAUST Innovation Fund and angel investors.
Transaction Type: Investment
Investors: MENA Tech Fund, KAUST Innovation Fund, angel investors
Co-founders: Asmaa Naga
Headquarters: Kingdom of Saudi Arabia (KSA)
🛒 Seesaw acquires Little Thinking Minds.
US-based edtech Seesaw has acquired female-founded edtech company Little Thinking Minds.
Transaction Type: Acquisition E-Learning
Investors: Seesaw
Co-founders: Lamia Tabbaa, Rama Kayyali
Headquarters: Jordan
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