Last week, there were 7 startup investments in the MENA between December 25 – January 9:
Investments:
4 Kingdom of Saudi Arabia (KSA), 1 Bahrain, 1 United Arab Emirates (UAE), 1 Egypt
Sectors Received Investments:
Subscription Service
Food and Beverage
Education
Home Renovation
Artificial Intelligence
Agritech
Augmented Reality
News of the Week
🎯 Aftersale services provider Zension raised $30 million.
Zension, which provides protection, extended warranty and guaranteed buyback services for mobile devices and consumer electronics plugged into major retailers, telcos and OEMs serving Saudi and UAE markets, has raised $30 million in Series A funding round, led by Wa’ed Ventures. Sumitomo and Global Ventures also participated in the investment round.
Transaction Type: Investment
Investors: Wa’ed Ventures, Sumitomo, Global Ventures
Co-founders: Khalid Saiduddin, Nikos Anastasiadis
Headquarters: Kingdom of Saudi Arabia (KSA)
🎯 Food tech startup Calo raised $25 million.
Calo, a direct-to-consumer (D2C) foodtech that provides personalised meal subscriptions to a growing base of health-conscious customers, has raised $25 million in Series B funding round. The investment round was led by Nuwa Capital, with participation from STV and Khwarizmi Ventures and regional family offices.
Transaction Type: Investment
Investors: Nuwa Capital, STV, Khwarizmi Ventures, family offices
Co-founders: Ahmed Alraw, Moayed Almoayed
Headquarters: Bahrain
🎯 Edtech startup YNMO raised $5 million.
YNMO, which specialises in educational and rehabilitative technology, aimed at empowering children of all abilities through data-driven, tailored solutions, has raised $5 million from Wa’ed Ventures, Qatar Development Bank and Nour Nouf Ventures.
Transaction Type: Investment
Investors: Wa’ed Ventures, Qatar Development Bank, Nour Nouf Ventures
Co-founders: Fahad Al-Nemary, Abdullah Murad, Faisal Al-Nemary
Headquarters: Kingdom of Saudi Arabia (KSA)
🎯 Interior design marketplace Revie raised $2.5 million.
Revie, a renovation platform offering an end-to-end solution for residential and commercial renovations, has raised $2.5 million in Seed funding round from Sanabil Venture Studio by Stryber.
Transaction Type: Investment
Investors: Sanabil Venture Studio by Stryber
Co-founders: Abu Khadra
Headquarters: Kingdom of Saudi Arabia (KSA)
🎯 Intelligent cloud cost optimisation software MilkStraw AI raised $600.000.
MilkStraw AI, which develops software that automates and optimises cloud infrastructure costs for businesses, has raised $600.000 in pre-Seed funding round, led by Flat6Labs. Angel Spark, Beyond Capital and angel investors also participated in the investment round.
Transaction Type: Investment
Investors: Flat6Labs, Angel Spark, Beyond Capital, angel investors
Co-founders: Jawad Shreim
Headquarters: United Arab Emirates (UAE)
🎯 Agritech startup ReNile raised $450.000.
ReNile, which provides a full-stack solution for farmers from monitoring systems, emergency alerts, controlling, and analytics of the best practice model for farming through its online platform, has raised $450.000.
Transaction Type: Investment
Investors: –
Co-founders: Hazem Eltawab
Headquarters: Egypt
🎯 AR/VR experience provider Vreal raised funding.
Vreal, which provides e-commerce businesses with the ability to convert their products into 3D models within 30 seconds using advanced scanning technology, has raised an investment in pre-Seed funding round from numu Angels Investment Community.
Transaction Type: Investment
Investors: numu Angels Investment Community
Co-founders: –
Headquarters: Kingdom of Saudi Arabia (KSA)
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