Last week, there were 8 startup investments in the MENA between December 13 – 19:
Investments:
5 United Arab Emirates (UAE), 1 Kingdom of Saudi Arabia (KSA), 1 Jordan, 1 Bahrain
Sectors Received Investments:
2 Financial Services
1 Web3 & Finance
1 Cloud Infrastructure
1 E-Commerce Platforms
1 Biotechnology
1 Enterprise Resource Planning
1 Education
News of the Week
🎯 Fintech startup Quantix raised $500 million.
Quantix, which integrates services such as payments, cross-border transfers, and financing solutions into a seamless ecosystem, has raised $500 million in debt financing from Citi.
Transaction Type: Investment
Investors: Citi
Co-founders: Abdallah Abu Sheikh
Headquarters: United Arab Emirates (UAE)
🎯 Finance platform CredibleX raised $55 million.
CredibleX, which offers tailored financial services for SMEs’ daily operations, has raised $55 million in Seed funding round from Further Ventures, Kilgour Williams Capital, Berkley Square Finance and other investors.
Transaction Type: Investment
Investors: Further Ventures, Kilgour Williams Capital, Berkley Square Finance, other investors
Co-founders: Ahmad Malik, Anand Nagaraj, Hassan Reda
Headquarters: United Arab Emirates (UAE)
🎯 Web3 banking platform Klickl raised $25 million.
Klickl, a Web3 open finance platform that provides banking, digital payments, and crypto trading to facilitate seamless entry into Web3, has raised $25 million in Series A funding round, co-led by Web3Port Foundation and Aptos Labs. Summer Ventures, Heritage Horizon Capital, V2 Capital, Alpha Square Group, Heng Feng Group, Trend Investment and Bond Group also participated in the investment round.
Transaction Type: Investment
Investors: Web3Port Foundation, Aptos Labs, Summer Ventures, Heritage Horizon Capital, V2 Capital, Alpha Square Group, Heng Feng Group, Trend Investment, Bond Group
Co-founders: Michael Zhao
Headquarters: United Arab Emirates (UAE)
🎯 HPC solutions provider OmniOps raised $8 million.
OmniOps, which provides cutting-edge cloud and high-performance computing (HPC) solutions designed to support businesses and industries of all sizes with efficient, scalable infrastructure, has raised $8 million from GMS Capital Ventures.
Transaction Type: Investment
Investors: GMS Capital Ventures
Co-founders: Mohammed Altassan
Headquarters: Kingdom of Saudi Arabia (KSA)
🎯 Electronics marketplace Revibe raised $7 million.
Revibe, a B2C marketplace specialising in refurbished electronics operating across four countries, has raised $7 million in Series A funding round from ISAI, Kima Ventures and Edouard Mendy.
Transaction Type: Investment
Investors: ISAI, Kima Ventures, Edouard Mendy
Co-founders: Abdessamad Benzakour, Hamza Iraqui
Headquarters: United Arab Emirates (UAE)
🎯 Healthtech startup BioSapien raised $5.5 million.
BioSapien, a biotech startup that provides a drug delivery platform to deliver drugs for cancer treatment, has raised $5.5 million in pre-Series A funding round from Global Ventures and Dara Holdings.
Transaction Type: Investment
Investors: Global Ventures, Dara Holdings
Co-founders: Khatija Ali
Headquarters: United Arab Emirates (UAE)
🎯 SaaS provider InvoiceQ raised $1.2 million.
InvoiceQ, which provides an e-invoicing solution for enterprises, with a presence in Jordan and KSA, has raised $1.2 million in pre-Series A funding round from Oasis 500, Orange VC, Flat6Labs, Natej Soft and angel investors.
Transaction Type: Investment
Investors: Oasis 500, Orange VC, Flat6Labs, Natej Soft, angel investors
Co-founders: Muhannad Tobal, Fadi Al-Jabali, Amer Ayyad, Mohammad Baseet
Headquarters: Jordan
🎯 Online education app Unipal raised funding.
Unipal, which offers an online education application to provide special offers and discounts to university students on a variety of products, has raised an investment in pre-Series A funding round from Falak Angels.
Transaction Type: Investment
Investors: Falak Angels
Co-founders: Ali Alalawi, Ali Al Shaer
Headquarters: Bahrain
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