Last week, there were 4 startup investments in the MENA between August 9 – 15:
Investments:
2 Kingdom of Saudi Arabia (KSA), 1 United Arab Emirates (UAE), 1 Egypt
Sectors Received Investments:
1 Food Services
1 Health Care
1 Marketplace
1 E-Commerce
News of the Week
🎯 Order and pick up app TWLM raised $270.000.
TWLM, which provides an application for order pick-up services from restaurants and stores, has raised $270.000, led by B Group with angel investors.
Transaction Type: Investment
Investors: B Group, angel investors
Co-founders: Ahmed Al-Dakhil, Abdulaziz Al-Rashoud, Abdullah Al-Dakhil, Walid Al-Qarni
Headquarters: Kingdom of Saudi Arabia (KSA)
🎯 Healthtech startup Athir raised funding.
Athir, which offers healthcare management, revenue management, and medical insurance systems, has raised funding from Wa’ed Ventures, SHARE Investment Co. and RZM Investment.
Transaction Type: Investment
Investors: Wa’ed Ventures, SHARE Investment Co., RZM Investment
Co-founders: Jawad Chaudhry, Ahmad AlJehani, Abdoulmohsen Alyoubi
Headquarters: Kingdom of Saudi Arabia (KSA)
🎯 Delivery app MealPlanet raised $6 million.
Mealplanet, a meal plan delivery app connecting consumers to a wide range of brands, has raised $6 million in Seed funding round. The investment round was led by Middle East Venture Partners (MEVP), AlTouq Group, Sanabil 500, Faith Capital, Alturki Ventures, with participation from Marc Lore and Samih Toukan.
Transaction Type: Investment
Investors: Middle East Venture Partners (MEVP), AlTouq Group, Sanabil 500, Faith Capital, Alturki Ventures, Marc Lore, Samih Toukan
Co-founders: Khalid Baareh
Headquarters: United Arab Emirates (UAE)
🎯 B2B e-commerce platform Cartona raised $8.1 million.
Cartona, a B2B e-commerce marketplace that connects buyers and sellers across the supply chain, has raised $8.1 million in Series A funding round, led by Algebra Ventures. Silicon Badia and the SANAD Fund also participated in the investment round.
Transaction Type: Investment
Investors: Algebra Ventures, Silicon Badia, the SANAD Fund
Co-founders: Mahmoud Talaat
Headquarters: Egypt
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