Top News
There were 9 investments in the MENA between 4 – 10 November:
Investments:
3 United Arab Emirates (UAE), 2 Egypt, 1 Iraq, 1 Kingdom of Saudi Arabia (KSA), 1 Algeria, 1 Morocco
Acquisitions:
1 United Arab Emirates (UAE)
Sectors Received Investments:
3 Fintech
2 E-Commerce
1 Edtech
1 Foodtech
1 Super app
1 Healthtech
News of the Week
🎯 Iraq-based e-commerce platform Orderii, raised funding.
Orderii, an e-commerce platform that provides logistics services for products at cross-border sites, closed a 6-digit pre-seed tour from Iraq Venture Partners (IVP).
Transaction Type: Investment
Investors: Iraq Venture Partners (IVP)
Co-founders: Shakir Ayad Al Jammas
Country: Iraq
🎯 Edtech startup Shaguf, raised funding.
Shaguf, the startup that develops solutions that support the digitalization of the education industry, raised $400,000 in a pre-seed tour with the participation of angel investors.
Transaction Type: Investment
Investment Amount: $ 400.000
Investors: Angel Investors
Co-founders: Ahmed Alrashed
Country: Kingdom of Saudi Arabia (KSA)
🎯 Foodtech startup Brotinni, raised funding.
Food technology and black butcher solutions startup Brotinni has raised a $600,000 Seed round led by Innlife Investments.
Transaction Type: Investment
Investment Amount: $ 600.000
Investors: Innlife Investments
Co-founders: Dalia Abou Omar
Country: Egypt
🎯 Fintech startup Pyypl, raised funding.
Pyypl, a financial services platform with blockchain payment technology, has raised a $20 million Series B round from a group of international and existing investors.
Transaction Type: Investment
Investment Amount:$ 20.000.000
Investors: International Investors, Existing Investors
Co-founders: Antti Arponen
Country: United Arab Emirates (UAE)
🎯 Super app startup Yassir, raised funding.
Algeria-based Yassir, its super app that offers on-demand services like ride-hailing, food and grocery delivery, banking, and more, has raised $150 million in Series B funding led by BOND.
Transaction Type: Investment
Investment Amount: $ 150.000.000
Investors: BOND, DN Capital, Dorsal Capital, Quiet Capital, Stanford Alumni Ventures, Y Combinator, Other Investors
Co-founders: Noureddine Tayebi, El Mahdi Yettou
Country: Algeria
🎯 Fintech startup WafR, which offers retail discounts, raised funding.
WafR, the app that enables Moroccan-based retail brands to offer smart promotions to markets, has raised $120,000 from First Circle Capital.
Transaction Type: Investment
Investment Amount: $120.000
Investors: First Circle Capital
Co-founders: Ismail Bargach, Reda Sallak
Country: Morocco
🎯 UAE-based delivery platform Swftbox, raised funding.
Swftbox, the startup offering a delivery solution for UAE-based e-commerce retailers, has closed its $2 million Seed round led by the MENA Technology Fund.
Transaction Type: Investment
Investment Amount: $2.000.000
Investors: MENA Technology Fund, Polymath Ventures, AirAngels, Ithraa Investment Company, Other Investors
Co-founders: Mohammad Absi-Halabi
Country: United Arab Emirates (UAE)
🎯 Egypt-based fintech startup Blnk, raised funding.
Fintech startup Blnk, which offers instant consumer loans, has raised $23.7 million in equity and debt financing and $8.3 million in securitized bond issuance.
Transaction Type: Investment
Investment Amount: $32.000.000
Investors: Abu Dhabi’s Emirates International Investment Company (EIIC), Sawari Ventures, Angel Investors
Co-founders: Amr Sultan, Tarek Elsheikh
Country: Egypt
🎯 Healthtech startup Okadoc, raised funding.
Healthtech startup Okadoc, a UAE-based medical reservation, and consultation platform, has raised $10 million in a pre-series B funding round led by IGAN and Buna Ventures.
Transaction Type: Investment
Investment Amount: $10.000.000
Investors: IGAN, Bunat Ventures, Bassem Ibrahim Hayel Saeed Group, Club 49, Alesay Group, Bupa Arabic, ADQ, Now Invest
Co-founders: Fodhil Benturquia
Country: United Arab Emirates (UAE)
🛒 UAE-based Tarjama Group acquired Screens.
Tarjama Group, a UAE-based artificial intelligence-supported language technology service, has acquired Lebanese-based subtitling, dubbing, and installation firm Screens.
Transaction Type: Acquisition
Investors: Tarjama Group
Co-founders: Nour Al Hassan (Tarjama)
Country: United Arab Emirates (UAE)
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