Last week, there were 7 investments and 3 secondary transactions in the MENA between 13 – 19 January:
Investments:
6 United Arab Emirates (UAE), 1 Iraq
Acquisitions:
1 United Arab Emirates (UAE), 1 Tunisia
Bonus:
1 Abu Dhabi-based investor acquired a US-based company.
Sectors Received Investments:
2 Mobility
2 Fintech
1 Metaverse
1 Digital Advertising
1 Foodtech
News of the Week
🎯 Micro-mobility startup Terra raised funding.
Terra, a B2B micro-mobility startup that provides energy-efficient motorcycles to distribution businesses through a subscription model, has raised pre-Seed investment round from unnamed Saudi, American and British angel investors.
Transaction Type: Investment
Investment Amount: –
Investors: Angel Investors
Co-founders: Husam Zammar
Country: United Arab Emirates (UAE)
🎯 Electric mobility startup One Moto raised funding.
Electric mobility startup and last-mile delivery services provider One Moto received an investment of $150 million from an unnamed investor in the UK.
Transaction Type: Investment
Investment Amount: $150.000.000
Investors: Angel Investor
Co-founders: Adam Ridgway, Stephen Wood
Country: United Arab Emirates (UAE)
🎯 Fintech startup Alaan raised funding.
B2B startup Alaan, which allows businesses to issue physical and virtual cards for e-commerce transactions, has raised $4.5 million in the pre-Series A round. The investment round led by Presight Capital, Y Combinator and angel investors.
Transaction Type: Investment
Investment Amount: $4.500.000
Investors: Presight Capital, Y Combinator, angel investors
Co-founders: Parthi Duraisamy, Karun Kurien
Country: United Arab Emirates (UAE)
🎯 UAE-based fintech Tabby raised funding.
Fintech startup Tabby, which offers users various payment methods for their purchases, received an investment of $58 million in the Series C round. The investment round was attended by Sequoia Capital India, STV, PayPal Ventures, Mubadala Investment Capital, Arbor Ventures, and Endeavor Catalyst.
Transaction Type: Investment
Investment Amount: $58.000.000
Investors: Sequoia Capital India, STV, PayPal Ventures, Mubadala Investment Capital, Arbor Ventures, Endeavor Catalyst
Co-founders: Hosam Arab
Country: United Arab Emirates (UAE)
🎯 Metaverse platform Nümi raised funding.
A worldwide metaverse platform Nümi has raised $20 million from Venom Ventures Fund.
Transaction Type: Investment
Investment Amount: €20.000.000
Investors: Venom Ventures Fund
Co-founders: Viktor Tumasov
Country: United Arab Emirates (UAE)
🎯 Last-mile startup Flyby raised funding.
Flyby, which provides customers to smart delivery boxes attached to a mobile advertising board, has raised $1 million in the Seed round led by FHS Capital and VN2 Capital.
Transaction Type: Investment
Investment Amount: $1.000.000
Investors: FHS Capital, VN2 Capital
Co-founders: –
Country: United Arab Emirates (UAE)
🎯 Iraq-based startup Alsaree3 raised funding.
Alsaree3, the food delivery app that helps restaurants run their own operations, has closed a seven-figure bridge tour, bringing its total funding to over $6.5 million.
Transaction Type: Investment
Investment Amount: –
Investors: –
Co-founders: Bassam Al-Ateia
Country: Iraq
🛒 Tunisian startup Galactech acquired by GBarena.
Egypt-based esports platform GBarena has acquired the e-sports startup Galactech for $15 million.
Transaction Type: Acquisition
Investment Amount: $15.000.000
Investors: GBarena
Co-founders: Houcem Maiza, Houssem Zouaghi
Country: Tunisia
🛒 Bahrain-based Beyon Cyber acquires DTS Solutions.
Cyber security solutions provider Beyon Cyber has acquired a majority stake in DTS Solutions.
Transaction Type: Acquisition
Investment Amount: –
Investors: Beyon Cyber
Co-founders: Shah Sheikj, Vahe Daghlian
Country: United Arab Emirates (UAE)
🛒 Abu Dhabi-based investor Mubadala acquires Dental Care Alliance.
US-based dental services organization Dental Care Alliance acquired by Mubadala Investment Company.
Transaction Type: Acquisition
Investment Amount: –
Investors: Mubadala Investment Company
Co-founders: –
Country: US
Other News:
📌 The Sovereign Fund of Egypt (TSFE) and Etisalat Egypt by e& partnered to launch Erada Mikrofinans, to facilitate micro and small businesses’ access to a variety of financial services.
📌 Masdar City collaborates with AWS to help UAE startups accelerate their growth and build safe cloud-based services.
📌 UAE-based Big Data Analytics and Artificial Intelligence company Presight AI has collaborated with Astana Hub to support IT startups in Central Asia.
📌 Masdar City partners with Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) and The Catalyst to create the region’s first clean technology startup accelerator programe.
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