Weekly Startup Ecosystem Overview in the Middle East and North Africa (MENA) / January 26 – February 1

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Last week, there were 5 startup investments and 1 secondary transaction in the MENA between January 26 – February 1:


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.

Transaction Type: Investment

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


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


Headquarters: United Arab Emirates (UAE)

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