Last week, there were 6 investments in the MENA between October 20 – 26:
Investments:
5 United Arab Emirates (UAE), 1 Kingdom of Saudi Arabia (KSA)
Sectors Received Investments:
3 Real Estate
1 Social Network
1 Mobility / Logistics
1 Insurance
News of the Week
🎯 Proptech startup Nomad Homes raised $20 million.
Nomad Homes, a software-enabled marketplace for residential real estate across Europe and the Middle East, has raised $20 million in Series A extension round, led by Acrew Capital. 01 Advisors, HighSage Ventures, Abstract Ventures, Partech, Precursor Ventures, Potluck Ventures, Knollwood and several undisclosed hedge funds also participated in the investment round.
Transaction Type: Investment
Investors: Acrew Capital, 01 Advisors, HighSage Ventures, Abstract Ventures, Partech, Precursor Ventures, Potluck Ventures, Knollwood, hedge funds
Co-founders: Damien Drap, Dan Piehler, Helen Chen
Headquarters: United Arab Emirates (UAE)
🎯 Digital real estate management platform Keyper raised $6.5 million.
Keyper, which offers a property management platform where tenants can track their expenses and charge online, and investors get real estate portfolios and access to data-driven insights, has raised $6.5 million in Seed funding round. The investment round was led by Access Bridge Ventures and Vivium Holdings, with participation from MEVP and Jabbar Internet Group.
Transaction Type: Investment
Investors: Access Bridge Ventures, Vivium Holdings, MEVP, Jabbar Internet Group
Co-founders: Omar Abu Innab, Walid Shihabi
Headquarters: United Arab Emirates (UAE)
🎯 Rent-now-pay-later solution Ejari raised $1 million.
Ejari, which provides a rent-now-pay-later (RNPL) solution for residential rentals, addressing the need for more flexible payment options, has raised $1 million in pre-Seed funding round, led by Sanabil 500 MENA and Hambro Perks’ Oryx Fund. Several angel investors also participated in the investment round.
Transaction Type: Investment
Investors: Sanabil 500 MENA, Hambro Perks’ Oryx Fund, angel investors
Co-founders: Yazeed Al-Shamsi, Fahad Albedah, Mohammed Alkhelewy, Khalid Almunif
Headquarters: Kingdom of Saudi Arabia (KSA)
🎯 Location based group app Belong raised $1.5 million.
Belong, a social group app that allows local people to share, learn and gain knowledge on the topics they interested in most, has raised $1.5 million in pre-Series A funding round.
Transaction Type: Investment
Investors: –
Co-founders: Michael Askew, Matthew Gaziano
Headquarters: United Arab Emirates (UAE)
🎯 EV last mile startup Neo Mobility raised $10 million.
Neo Mobility, which offers last-mile solutions through all-electric last-mile logistics services, has raised $10 million in Seed funding round from Delta Corp Holdings, Pyse Sustainability Fund and angel investors.
Investors: Delta Corp Holdings, Pyse Sustainability Fund, angel investors
Co-founders: Abhishek Shah, Anish Garg
Headquarters: United Arab Emirates (UAE)
🎯 SaaS insurance technology platform Democrance raised funding.
Democrance, a SaaS insurance technology platform that helps insurers and insurance brokers digitize the insurance value chain, has raised funding from Wa’ed Ventures and Global Ventures.
Transaction Type: Investment
Investors: Wa’ed Ventures, Global Ventures
Co-founders: Alberto Pérez, Damian Dimmich, Michele Grosso
Headquarters: United Arab Emirates (UAE)
Other News:
📌 The ANAVA Fund of Funds, managed by Smart Capital in Tunisia, has pledged €5 million in the Titan Seed Fund I. The fund is dedicated to support deeptech startups in Tunisia.
📌 Private credit fund Ruya Private Capital I LP, managed by Ruya Partners, has received a $10 million investment from Saudi Venture Capital.
📌 Government administration firm NEOM, has launched a investment arm, called NEOM Investment Fund, which aims to support the buildout and development of NEOM’s 14 priority sectors.
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