Last week, there were 4 startup investments in the MENA between July 25 – 31:
Investments:
3 Kingdom of Saudi Arabia (KSA), 1 Libya
Sectors Received Investments:
1 Foodtech
1 Artificial Intelligence
1 Sports
1 E-Commerce
News of the Week
🎯 Foodtech startup Calo raised $39 million.
Calo, a direct-to-consumer (D2C) foodtech that provides personalised meal subscriptions to a growing base of health-conscious customers, has raised $39 million in Series B extension, led by AlJazira Capital.
Transaction Type: Investment
Investors: AlJazira Capital
Co-founders: Ahmed Al Rawi, Moayed Al Moayed
Headquarters: Kingdom of Saudi Arabia (KSA)
🎯 AI startup Sawt raised $1 million.
Sawt, which offers an AI-powered voice platform that allows businesses to handle bookings, sales, and support through natural-sounding, always-on AI agents, has raised $1 million in pre-Seed led by T2 and STV’s AI Fund.
Transaction Type: Investment
Investors: T2, STV AI Fund
Co-founders: Abdulmalik Al-Saeed
Headquarters: Kingdom of Saudi Arabia (KSA)
🎯 Sportstech platform Flex League raised funding.
Flex League, which enables players to join competitions, book courts, and track their progress, has raised an investment in Seed funding round from Professional Tennis Academy and PAD-L Group.
Transaction Type: Investment
Investors: Professional Tennis Academy, PAD-L Group
Co-founders: Ibrahim Akeel, Faisal Sindi, Mazen Madani
Headquarters: Kingdom of Saudi Arabia (KSA)
🎯 E-commerce platform Mataa raised funding.
Mataa, a shopping app that offers users variant items with an express delivery option, has raised an investment in Seed funding round from angel investors.
Transaction Type: Investment
Investors: Angel investors
Co-founders: Ibrahim Shuwehdi
Headquarters: Libya
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