Last week, there were 7 startup investments in the MENA between January 17 – 23:
Investments:
3 Kingdom of Saudi Arabia (KSA), 3 Egypt, 1 United Arab Emirates (UAE), 1 Oman
Sectors Received Investments:
2 Human Resources
1 Property Development
1 Financial Services
1 Agriculture
1 Artificial Intelligence
1 Consumer
News of the Week
🎯 HRtech startup Ogram raised $3 million.
Ogram, a digital staffing marketplace that enables businesses to book and manage staff on-demand, has raised $3 million from Tanami Capital.
Transaction Type: Investment
Investors: Tanami Capital
Co-founders: Karim Kouatly, Shafiq Khartabil
Headquarters: United Arab Emirates (UAE)
🎯 Integrated HR solutions provider Talent 360 raised funding.
Talent 360, an HR company that offers talent management, 360-degree management, and business training to fit organisational needs, has raised funding from C.STAR.
Transaction Type: Investment
Investors: C.STAR
Co-founders: Heba Ayad, Mohamed Said
Headquarters: Egypt
🎯 Proptech platform Rize raised $35 million.
Rize, which adopts the rent-now-pay-later model, which allows tenants to pay their rent in flexible monthly instalments, has raised $35 million in Series A funding round, led by Raed Ventures. SEEDRA Ventures, Aqar, Joa Capital, Nama Ventures and Hala Ventures also participated in the investment round.
Transaction Type: Investment
Investors: Raed Ventures, SEEDRA Ventures, Aqar, Joa Capital, Nama Ventures, Hala Ventures
Co-founders: Ibrahim Balilah, Mohammed AlFraihi
Headquarters: Kingdom of Saudi Arabia (KSA)
🎯 Payment orchestration platform MoneyHash raised $5.2 million.
MoneyHash, which provides access to payment and fintech services across the Middle East & Africa with one simple integration, has raised $5.2 million in pre-Series A funding round. The investment round was led by Flourish Ventures, with participation from Vision Ventures, Xelerate, Emurgo Kepple Ventures, Jason Gardner, COTU, RZM Investment and Tom Preston-Werner.
Transaction Type: Investment
Investors: Flourish Ventures, Vision Ventures, Xelerate, Emurgo Kepple Ventures, Jason Gardner, COTU, RZM Investment, Tom Preston-Werner
Co-founders: Nader Abdelrazik, Mustafa Eid, Anisha Sekar
Headquarters: Egypt
🎯 Agritech startup Arable raised $2.55 million.
Arable, which creates hydroponic farms for vegetable production that are cost-effective and locally adjusted to the desert climate, has raised $2.55 million in Seed funding round from undisclosed investors.
Transaction Type: Investment
Investors: –
Co-founders: Lawrence Ong, Christina Khalife
Headquarters: Kingdom of Saudi Arabia (KSA)
🎯 SaaS provider Sampo AI raised $750.000.
Sampo AI, which helps e-commerce businesses optimise their pricing strategies, has raised $750.000 in pre-Seed funding round, co-led by Omantel Innovation Labs and Waad VC. Hexnture and a group of Saudi angel investors also participated in the investment round.
Transaction Type: Investment
Investors: Omantel Innovation Labs, Waad VC, Hexnture, angel investors
Co-founders: Saif Al-Essai, Khalifa Manaa
Headquarters: Oman
🎯 E-services provider Wilow raised funding.
Wilow, which offers a laundry booking service through an intelligent mobile application, has raised an investment in pre-Seed funding round from undisclosed group of angel investors.
Transaction Type: Investment
Investors: Angel investors
Co-founders: Mohammed Al-Marri, Wijdan Al-Otaibi
Headquarters: Kingdom of Saudi Arabia (KSA)
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