Last week, there were 5 startup investments and 1 secondary transaction in the MENA between February 14 – 10:
Investments:
2 United Arab Emirates (UAE), 1 Egypt, 1 Kingdom of Saudi Arabia (KSA), 1 Tunisia
Secondary Transactions:
1 Egypt
Sectors Received Investments:
2 Financial Services
1 B2B & SaaS
1 Logistics
1 Marketplace
News of the Week
🎯 Border payments platform provider Mansa raised $10 million.
Mansa, a global fintech payments company providing liquidity solutions, through stablecoins, has raised $10 million in pre-Seed funding round, led by Tether and Polymorphic Capital. Octerra Capital, Faculty Group and Trive Digital also participated in the investment round.
Transaction Type: Investment
Investors: Tether, Polymorphic Capital, Octerra Capital, Faculty Group, Trive Digital
Co-founders: Mouloukou Sanoh, Nkiru Uwaje
Headquarters: United Arab Emirates (UAE)
🎯 Decentralised trading platform Blum raised $5 million.
Blum, a decentralised exchange, offering universal token access through gamification within a Telegram mini-app, has raised $5 million in pre-Seed funding round from Gumi Cryptos Capital, Spartan, No Limit Holdings, YZi labs and OKX Ventures.
Transaction Type: Investment
Investors: Gumi Cryptos Capital, Spartan, No Limit Holdings, YZi labs, OKX Ventures
Co-founders: Gleb Kostarev, Vladimir Smerkis
Headquarters: United Arab Emirates (UAE)
🎯 B2B SaaS startup Qme raised $3 million.
Qme, an ai-based digital infrastructure integrating booking, queuing, analytics, and payment solutions, has raised $3 million in Seed funding round from AHOY and angel investors.
Transaction Type: Investment
Investors: AHOY, angel investors
Co-founders: Maged Negm
Headquarters: Egypt
🎯 Logistics startup PIESHIP raised $2.1 million.
PIESHIP, which provides its clients with warehouse management solutions, using an app for delivering shipments, and technical solutions for logistics services, has raised $2.1 million in Seed funding round, led by Nama Ventures. SEEDRA Ventures and angel investors also participated in the investment round.
Transaction Type: Investment
Investors: Nama Ventures, SEEDRA Ventures, angel investors
Co-founders: Nasser Alharthi, Musaed Al-Amri, Mohammed Mohsen
Headquarters: Kingdom of Saudi Arabia (KSA)
🎯 P2P fashion marketplace Dabchy raised funding.
Dabchy, an e-commerce marketplace for second-hand fashion, has raised an investment in pre-Series A funding round. The investment round was led by Janngo Capital, with participation from angel investors.
Transaction Type: Investment
Investors: Janngo Capital, angel investors
Co-founders: Ameni Mansouri, Ghazi Ketata, Oussama Mahjoub
Headquarters: Tunisia
🛒 Dubizzle acquires Hatla2ee.
Online classifieds platform Dubizzle Group has acquired online car marketplace Hatla2ee.
Transaction Type: Acquisition
Investors: Dubizzle Group
Co-founders: Samy Swellam
Headquarters: Egypt
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