Last week, there were 3 investments in the MENA between August 18 – 24:
Investments:
1 Lebanon, 1 Kingdom of Saudi Arabia (KSA), 1 United Arab Emirates (UAE)
Sectors Received Investments:
1 Music
1 Travel Tech
1 Robotics
News of the Week
🎯 Music streaming platform Anghami raised $5 million.
Anghami, a music streaming mobile app that enables users to play and download Arabic and international songs offline, has raised $5 million investment from SRMG Ventures.
Transaction Type: Investment
Investors: SRMG Ventures
Co-founders: Eddy Maroun, Elie Habib
Country: Lebanon
🎯 Travel management platform FlyAkeed raised $15.2 million.
FlyAkeed, which offers a flight-booking platform, catering to both consumers and businesses, has raised $15.2 million in Series A funding round, led by Sanabil Investments and Elm Company. Artal Capital and Al Rajhi Partners also participated in the investment round.
Transaction Type: Investment
Investors: Sanabil Investments, Elm Company, Artal Capital, Al Rajhi Partners
Co-founders: Bassam AlMohammadi
Country: Kingdom of Saudi Arabia (KSA)
🎯 Robotics solutions provider Maxbyte raised $5 million.
MaxByte Technologies, which provides Industry 4.0 solutions, has raised $5 million in Series A funding round from e& capital.
Transaction Type: Investment
Investors: e& capital
Co-founders: –
Country: United Arab Emirates (UAE)
Other News:
📌 Saudi Arabia’s Crown Prince Mohammed bin Salman has launched a $200 million fund for early-stage investment in local and global high-tech companies.
📌 Saudi-investment company Energy Capital Group (ECG) has announced the closing of its $150 million fund to boost the sector of energy and energy-related technologies.
📌 Google has launched the Palestine Launchpad programme in partnership with Udacity and Spark to support Palestinian graduates and tech entrepreneurs advance their capabilities.
📌 Endeavor Egypt has launched XceleRise, a scale-up programme to aid access to capital and market expansion for all startups that promote sustainability, in partnership with GIZ Egypt.
📌 The Ministry of Industry and Mineral Resources has announced the launch of a business accelerator and incubator program to strengthen Saudi Arabia’s industrial and manufacturing capabilities.
🟥 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]