Last week, there were 6 startup investments in the MENA between October 11 – 17:
Investments:
3 Kingdom of Saudi Arabia (KSA), 1 United Arab Emirates (UAE), 1 Egypt, 1 Morocco
Sectors Received Investments:
1 Web3 & Online Games
1 Gaming
1 EdTech
1 Mobility
1 Hospitality
1 Property
News of the Week
🎯 Web3 gaming and edtech ecosystem PiP World raised $10 million.
PiP World, which produces gamified solutions to improve financial education, has raised $10 million in Seed funding round from Exinity.
Transaction Type: Investment
Investors: Exinity
Co-founders: Saad Naja
Headquarters: United Arab Emirates (UAE)
🎯 Game studio UMX Studio raised $4.5 million.
UMX Studio, a mobile game development company that develops a wide variety of fun car games, has raised $4.5 million from Jetapult and Accel Partners.
Transaction Type: Investment
Investors: Jetapult, Accel Partners
Co-founders: Ali Alharbi
Headquarters: Kingdom of Saudi Arabia (KSA)
🎯 Edtech startup AILA raised $1.15 million.
AILA, a generative AI-powered platform that offers a personalised, curriculum-aligned experience for daily education, has raised $1.15 million in pre-Seed funding round, led by Sabah Hub. White Hill Capital and angel investors also participated in the investment round.
Transaction Type: Investment
Investors: Sabah Hub, White Hill Capital, angel investors
Co-founders: Yousef Alsayed, Abdulaziz Bin Mugayel, Nouf Mugayel
Headquarters: Kingdom of Saudi Arabia (KSA)
🎯 Micromobility platform Rabbit Mobility raised $1.3 million.
Rabbit Mobility, a clean mobility solution with a fleet of electric scooters to move around the city, has raised $1.3 million. The investment round was led by 500 Global and Untapped Global, with participation from angel investors.
Transaction Type: Investment
Investors: 500 Global, Untapped Global, angel investors
Co-founders: Kamal ElSoueni, Mohamed Mansoury, Bassem Magued
Headquarters: Egypt
🎯 Hospitality platform JARAS raised $666.000.
JARAS, which offers integrated hospitality management solutions to manage bookings and improve guest experiences, has raised $666.000 in pre-Seed funding round from angel investors.
Transaction Type: Investment
Investors: Angel investors
Co-founders: Ahmed Al Zubaidi
Headquarters: Kingdom of Saudi Arabia (KSA)
🎯 Proptech startup Agenz raised funding.
Agenz, which uses advanced data intelligence to provide instant property valuations, has raised funding from Renew Capital.
Transaction Type: Investment
Investors: Renew Capital
Co-founders: Malik Belkeziz
Headquarters: Morocoo
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