Last week, there were 6 investments and 1 secondary transactions in the MENA between August 4 – 10:
Investments:
3 Kingdom of Saudi Arabia, 2 Egypt, 1 Palestine
Acquisition:
1 Egypt
Sectors Received Investments:
1 Cyber Security
1 EdTech
1 Human Resources
1 E-Commerce
1 Artificial Intelligence
1 Fintech
News of the Week
🎯 Cyber security services provider Buguard raised funding.
Buguard, which offers offensive security services that protect its clients against dark web cyber attacks, has raised $500.000 in Seed funding round. The investment round was led by A15 along with other angel investors.
Transaction Type: Investment
Investment Amount: $500.000
Investors: A15, angel investors
Co-founders: Youssef Mohamed
Country: Egypt
🎯 Educational management solution platform YaSchools raised funding.
YaSchools, an educational management solution platform that provides big data of information about schools and educational activities, has raised $600.000 in Seed funding round from a group of angel investors.
Transaction Type: Investment
Investment Amount: $600.000
Investors: Angel investors
Co-founders: Mohamed Zohair, Ahmed Mahdy, Yasser Nasr-Aldin
Country: Kingdom of Saudi Arabia (KSA)
🎯 AI-powered recruitment platform Talents Arena raised funding.
Talents Arena, an ai-powered technical hiring platform that helps organisations hire talent by fully automating the recruitment life cycle, has raised $750.000 in pre-Seed funding round from UI Investments, alongside several Saudi and regional angel investors.
Transaction Type: Investment
Investment Amount: $750.000
Investors: UI Investments, Saudi and regional angel investors
Co-founders: Aya Elgebeely
Country: Egypt
🎯 E-commerce platform Golden Scent raised funding.
Golden Scent, fragrances e-commerce platform serving the GCC region, has raised an undisclosed revenue-based investment from Tenami Capital.
Transaction Type: Investment
Investment Amount: –
Investors: Tenami Capital
Co-founders: Malik Al Shehab, Ronny Froehlich
Country: Kingdom of Saudi Arabia (KSA)
🎯 AI-powered data training startup DataQueue raised funding.
DataQueue, an ai-powered data training startup that allows organisations to have access to a broad range of annotated and labelled data for training their AI models, has raised an undisclosed amount from the Ibtikar Fund.
Transaction Type: Investment
Investment Amount: –
Investors: Ibtikar Fund
Co-founders: Bashir Alsaifi
Country: Palestine
🎯 Fintech startup Wadaie raised funding.
Fintech Wadaie, has raised an undisclosed amount in pre-Seed funding round. The investment round was led by RZM Investments, along with Bunat Ventures and other Saudi angel investors.
Transaction Type: Investment
Investment Amount: –
Investors: RZM Investments, Bunat Ventures, Saudi angel investors
Co-founders: Abdullah Alandas, Rayan Altuwayjiri, Abdulrahman Alhawas
Country: Kingdom of Saudi Arabia (KSA)
🛒 Grinta acquires Auto-Cure.
B2B pharmaceutical marketplace Grinta has acquired e-commerce platform Auto-Cure.
Transaction Type: Acquisition
Investors: Grinta
Co-founders: Mohamed Rezk, Amr Kamel
Country: Egypt
Other News:
📌 Seed and early-stage venture capital firm Flat6Labs has launched the “Makers” ConTech Accelerator Program in partnership with SIAC and Dar Al-Handasah. The program will provide select startups with up to $100.000 in funding per startup.
📌 French e-commerce company has expanded its operations in Egypt.
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