Last week, there were 5 startup investments in the MENA between March 28 – April 10:
Investments:
2 Egypt, 1 Pakistan, 1 United Arab Emirates (UAE), 1 Bahrain
Sectors Received Investments:
2 Financial Services
1 Digital Entertainment
1 Artificial Intelligence
1 E-Commerce
News of the Week
🎯 B2B fintech startup Haball raised $52 million.
Haball, which provides an automated platform for order processing, invoicing, and payments, has raised $52 million in pre-Series A funding round, led by Zayn VC and Meezan Bank.
Transaction Type: Investment
Investors: Zayn VC, Meezan Bank
Co-founders: Omer bin Ahsan
Headquarters: Pakistan
🎯 Fintech startup Fuse raised $6.6 million.
Fuse, which builds financial infrastructure in the Middle East on MENA’s first developer-focused banking stack, has raised $6.6 million in Seed funding round. The investment round was led by Northzone, with participation from Flourish Ventures, Alter Global, Olugbenga Agboola and George Makhoul.
Transaction Type: Investment
Investors: Northzone, Flourish Ventures, Alter Global, Olugbenga Agboola, George Makhoul
Co-founders: George Davis, James Smith
Headquarters: United Arab Emirates (UAE)
🎯 Semiconductor startup InfiniLink raised $10 million.
InfiniLink, which specialises in advanced optical data connectivity chips for AI-driven data centres, has raised $10 million in Seed funding round from MediaTek, Sukna Ventures, Egypt Ventures and M Empire Angels.
Transaction Type: Investment
Investors: MediaTek, Sukna Ventures, Egypt Ventures, M Empire Angels
Co-founders: Ahmed Aboul-Ella, Botros George
Headquarters: Egypt
🎯 AI-powered devOps solution provider Stakpak raised $500.000.
Stakpak, which develops ai-powered devOps solutions to simplify infrastructure management and automate time-consuming tasks for developers, has raised $500.000 in pre-Seed funding round from P1 Ventures, Digital Currency Group, 500 Sanabil and Moataz Soliman.
Transaction Type: Investment
Investors: P1 Ventures, Digital Currency Group, 500 Sanabil, Moataz Soliman
Co-founders: George Fahim
Headquarters: Egypt
🎯 Social commerce startup Sellou raised funding.
Sellou, which provides sellers with a video-first commerce marketplace that prioritises social sharing, has raised an investment in Seed funding round from undisclosed investors.
Transaction Type: Investment
Investors: –
Co-founders: Salman Al Khalifa
Headquarters: Bahrain
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