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)
🟥 StartupCentrum
Find the best startup jobs or launch your future unicorn company, meet the best talents and startups, and get in contact with international accelerators and investors to grow!
For more information startupcentrum.com
To take part in the StartupCentrum Entrepreneurship Ecosystem Summary of Turkey, MENA or Europe series and to be our supporter: [email protected]