Last week, there were 5 startup investments and 1 secondary transaction in the MENA between January 26 – February 1:
Investments:
2 Kingdom of Saudi Arabia (KSA), 2 Egypt, 1 United Arab Emirates (UAE)
Secondary Transactions:
1 United Arab Emirates (UAE)
Sectors Received Investments:
1 Education
1 Transportation & Marketplace
1 Logistics & AI
1 Delivery Service
1 Finance & AI
News of the Week
🎯 Edtech startup iStoria raised $1.3 million.
iStoria, a specialised application for teaching the English language in partnership with Oxford, has raised $1.3 million in Seed funding round from Nama Ventures, Classera, Flat6Labs, BIM Ventures and angel investors.
Transaction Type: Investment
Investors: Nama Ventures, Classera, Flat6Labs, BIM Ventures, angel investors
Co-founders: Abdullah Al-Jaberi, Faisal Al-Hamoud, Abdel Nasser Al-Wali, Ismail Ashour, Khaled Al-Rashed
Headquarters: Kingdom of Saudi Arabia (KSA)
🎯 P2P car rental platform Ejaro raised $3.28 million.
Ejaro, which provides P2P car-sharing services to enable individuals to generate additional income, has raised $3.28 million in pre-Series A funding round from cooperative and angel investors.
Investors: Cooperative and angel investors
Co-founders: Mohammed Khashoggi
Headquarters: Kingdom of Saudi Arabia (KSA)
🎯 AI-powered delivery solution Roboost raised $3 million.
Roboost, a fleet management software that uses AI to automate and optimize the home delivery operations for businesses, has raised $3 million. The investment round was led by Silicon Badia, with participation from RZM Investment, Flat6Labs and Saudi Arabian angel investors
Transaction Type: Investment
Investors: Silicon Badia, RZM Investment, Flat6Labs, angel investors
Co-founders: Mohamed Gessraha, Hassan Gessraha, Mohamed Ali Sadek
Headquarters: Egypt
🎯 Delivery service solution Bosta raised funding.
Bosta, which offers its users first, middle and last-mile delivery, offering a next-day delivery service across the globe, has raised funding from Avanz Capital Egypt.
Transaction Type: Investment
Investors: Avanz Capital Egypt
Co-founders: Mohamed Ezzat, Ahmed Gaber
Headquarters: Egypt
🎯 Stock trading platform Traidy raised $2 million.
Traidy, which develops and operates an application that shares news about stocks and trading, has raised $2 million from Three Sigma Ventures and a group of angel investors.
Transaction Type: Investment
Investors: Three Sigma Ventures, angel investors
Co-founders: –
Headquarters: United Arab Emirates (UAE)
🛒 Plant & Equipment acquires Global Equipment Trading.
Construction equipment marketplace Plant & Equipment has acquired Global Equipment Trading.
Transaction Type: Acquisition
Investors: Plant & Equipment
Co-founders: –
Headquarters: United Arab Emirates (UAE)
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