Last week, there were 5 startup investments in the MENA between February 2 – 8:
Investments:
2 United Arab Emirates (UAE), 2 Kingdom of Saudi Arabia (KSA), 1 Kuwait
Sectors Received Investments:
1 Travel Tech
1 SaaS & Beauty
1 Prop Tech
1 Artificial Intelligence
1 Food Tech
News of the Week
🎯 Traveltech startup The Digital Hotelier raised $1 million.
Digital Hotelier, which provides multilingual hotel software that optimises the guest reservation procedure, has raised $1 million in Seed funding round from Plug and Play, Hope Funds and angel investors.
Transaction Type: Investment
Investors: Plug and Play, Hope Funds, angel investors
Co-founders: Ali Fouad, Qutaiba Alali
Headquarters: United Arab Emirates (UAE)
🎯 SaaS-enabled marketplace Bookr raised funding.
Bookr, a digital solution that connects customers with multiple beauty services, such as hair salons, groomers, spas, and stylists, has raised an investment in bridge round from Plus VC.
Transaction Type: Investment
Investors: Plus VC
Co-founders: Zaina Al Bader
Headquarters: Kuwait
🎯 Foodtech startup Anabolic raised funding.
Anabolic, which specializes in food technology and supply chains, offering customized meal plans tailored to fit individual lifestyles and dietary preferences, has closed a Seed funding round with $9 million valuation.
Transaction Type: Investment
Investors: –
Co-founders: Ahmed Tallab
Headquarters: Kingdom of Saudi Arabia (KSA)
🎯 Proptech platform Rize raised $2.9 million.
Rize, which adopts the rent-now-pay-later model, which allows tenants to pay their rent in flexible monthly instalments, has raised $2.9 million in Seed funding round from Seedra Ventures, Hala Ventures, JOA Capital, RZM Investments, Bunat Invetments, Nama Ventures and angel investors.
Transaction Type: Investment
Investors: Seedra Ventures, Hala Ventures, JOA Capital, RZM Investments, Bunat Invetments, Nama Ventures, angel investors
Co-founders: Ibrahim Balilah, Mohammed AlFraihi
Headquarters: Kingdom of Saudi Arabia (KSA)
🎯 AI-dubbing platform CAMB.AI raised $4 million.
Camb.ai, a generative AI content localization platform designed for media companies and content creators, has raised $4 million in Seed funding round, led by Courtside Ventures. TRTL Ventures, Blue Star Innovation Partners, Ikemori Ventures and Eisaburo Maeda also participated in the investment round.
Transaction Type: Investment
Investors: Courtside Ventures, TRTL Ventures, Blue Star Innovation Partners, Ikemori Ventures, Eisaburo Maeda
Co-founders: Avneesh Prakash, Akshat Prakash
Headquarters: United Arab Emirates (UAE)
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