Last week, there were 5 startup investments in the MENA between January 12 – 18:
Investments:
3 Egypt, 2 United Arab Emirates (UAE)
Sectors Received Investments:
1 Logistics
1 Health Care
1 Proptech
1 Travel Tech
1 Fintech
News of the Week
🎯 Logistics startup Bosta raised funding.
Bosta, which offers its users first, middle, and last-mile delivery, guaranteeing a next-day delivery service across the globe, has raised funding from Axian Group.
Transaction Type: Investment
Investors: Axian Group
Co-founders: Mohamed Ezzat, Ahmed Gaber
Headquarters: Egypt
🎯 Online pharmacy marketplace Yodawy raised $10 million.
Yodawy, which offers a marketplace where patients can process prescriptions and place an online order for medicines, has raised $10 million from Ezdehar.
Investors: Ezdehar
Co-founders: Karim Khashaba, Yasser Abdel Gawad, Sherief El-Feky
Headquarters: Egypt
🎯 Proptech startup Silkhaus raised funding.
Silkhaus, which offers a marketplace for short-term rentals across the UAE, has raised an investment in pre-Series A funding round from Partners for Growth.
Transaction Type: Investment
Investors: Partners for Growth
Co-founders: Aahan Bhojani, Ashmin Varma
Headquarters: United Arab Emirates (UAE)
🎯 B2B travel tech platform Tumodo raised $35 million.
Tumodo, a business travel platform, has raised $35 million in pre-Seed funding round from angel investors.
Transaction Type: Investment
Investors: Angel investors
Co-founders: –
Headquarters: United Arab Emirates (UAE)
🎯 Fintech startup Zeal raised $4 million.
Zeal, a POS terminals value added service solution provider, has raised $4 million. The investment round was led by Raed Ventures and Cur8 Capital, with participation from stragetic angel investors.
Transaction Type: Investment
Investors: Raed Ventures, Cur8 Capital, angel invetors
Co-founders: Omar Ebeid
Headquarters: Egypt
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