Weekly Startup Ecosystem Overview in the Middle East and North Africa (MENA) / 12 – 18

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Last week, there were 5 startup investments in the MENA between January 12 – 18:


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.

Transaction Type: Investment

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


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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