Last week, there were 4 startup investments in the MENA between May 9 – 15:
Investments:
2 United Arab Emirates (UAE), 1 Egypt, 1 Kingdom of Saudi Arabia (KSA)
Sectors Received Investments:
1 Property Management
1 Construction & Enterprise Applications
1 Artificial Intelligence
1 Health Care
News of the Week
🎯 Proptech platform Nawy raised $75 million.
Nawy, which offers a full-stack real estate ecosystem including mortgage financing, fractional ownership, asset management and B2B brokerage enablement, has raised $75 million in Series A equity funding round, led by Partech. Verod-Kepple Africa Ventures, VentureSouq, Shorooq Partners, Plug and Play, Outliers Venture Capital, Nclude, March Capital, HOF Capital and Endeavor Catalyst also participated in the investment round.
Transaction Type: Investment
Investors: Verod-Kepple Africa Ventures, VentureSouq,
Shorooq Partners, Plug and Play, Partech, Outliers Venture Capital, Nclude, March Capital, HOF Capital, Endeavor Catalyst
Co-founders: Mohamed Abou Ghanima, Abdel-Azim Osman, Ahmed Rafea, Aly Rafea, Mostafa El Beltagy
Headquarters: Egypt
🎯 Project intelligence and controls platform WakeCap raised $28 million.
WakeCap, which specialises in wearable tech solutions that provide real-time monitoring for contractors and project managers, reducing risks and improving efficiency on construction projects, has raised $28 million from UP Partners and Graphene Ventures.
Transaction Type: Investment
Investors: UP Partners, Graphene Ventures
Co-founders: Hassan Albalawi, Ishita Sood
Headquarters: United Arab Emirates (UAE)
🎯 AI startup AqlanX raised $10 million.
AqlanX, which builds Arabic-first, UAE-made AI technologies that focus on automating business processes, improving operational efficiency, and transforming enterprise document management, has raised $10 million from DoxAI.
Transaction Type: Investment
Investors: DoxAI
Co-founders: Demetrio Russo
Headquarters: United Arab Emirates (UAE)
🎯 Digital health and weight management solution Kilow raised $2.5 million.
Kilow, which offers tailored treatment plans, medical consultations, and real-time health tracking. It also integrates with smart devices and provides at-home lab testing for a comprehensive user experience, has raised $2.5 million in Seed funding round from Sanabil Venture Studio and Stryber.
Transaction Type: Investment
Investors: Sanabil Venture Studio, Stryber
Co-founders: Fahed Al-Essa
Headquarters: Kingdom of Saudi Arabia (KSA)
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