Last week, there were 7 startup investments in the MENA between April 19 – 25:
Investments:
4 Egypt, 2 United Arab Emirates (UAE), 1 Jordan
Sectors Received Investments:
1 Broadcasting & Podcast
1 Mental Health
1 Apps & Software
1 Human Resources
1 Financial Services
1 E-Commerce & Logistics
News of the Week
🎯 Podcast production company Potcast raised funding.
Potcast, which creates 15 diverse programmes tailored to various target demographics, has raised an early financing round through the Shark Tank programme.
Transaction Type: Investment
Investors: Shark Tank
Co-founders: Islam Adel
Headquarters: Egypt
🎯 Online mental health platform Arab Therapy raised $1 million.
Arab Therapy, an online mental health platform that connects individuals with a range of licenced mental health professionals, has raised $1 million in Seed funding round. The investment round was led by Flat6Labs, with participation from Vision Health Pioneers and a group of angel investors.
Transaction Type: Investment
Investors: Flat6Labs, Vision Health Pioneers, angel investors
Co-founders: Tareq Dalbah, Omar Koudsi, Hekmat Al-Hasi
Headquarters: Jordan
🎯 Mobile application Waffarha raised funding.
Waffarh, which offers daily deals with big discounts starting from 50% up to 90%, has raised an investment in Seed funding round from Value Makers Studio.
Transaction Type: Investment
Investors: Value Makers Studio
Co-founders: Tarek Magdy
Headquarters: Egypt
🎯 HRTech SaaS platform bluworks raised $1 million.
bluworks, which offers businesses HR and SaaS solutions to help them optimise costs while leveraging data for decision-making, has raised $1 million in pre-Seed funding round, led by Khawarizmi Ventures. Camel Ventures, Acasia Ventures and angel investors also participated in the investment round.
Transaction Type: Investment
Investors: Khawarizmi Ventures, Camel Ventures, Acasia Ventures, angel investors
Co-founders: Farah Osman, Hussein Wahdan, Nour Ahmadein
Headquarters: Egypt
🎯 Fintech startup Bokra raised $4.6 million.
Bokra, which helps retail and SME investors save and invest across multiple asset classes, has raised $4.6 million in pre-Seed funding round. The investment round was led by DisrupTech Ventures, with participation from SS Capital and other investors.
Transaction Type: Investment
Investors: DisrupTech Ventures, SS Capital, other investors
Co-founders: Ayman El-Sawy
Headquarters: Egypt
🎯 Fulfillment and distribution services provider Shorages raised $1 million.
Shorages, which provides fulfilment centres around the UAE, and now the KSA, for e-commerce platforms to receive inventory and dispatch orders across the GCC region, has raised $1 million in pre-Series A funding round, led by Joa Capital.
Transaction Type: Investment
Investors: Joa Capital
Co-founders: Rayan Osseiran
Headquarters: United Arab Emirates (UAE)
🎯 Online marketplace WEE Marketplace raised $10 million.
WEE, an online marketplace that offers fast delivery services, has raised $10 million in pre-Series A funding round from SIG Investment.
Transaction Type: Investment
Investors: SIG Investment
Co-founders: Anastasia Kim, Oleg Dashkevich, Sergey Kolikov
Headquarters: United Arab Emirates (UAE)
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