Last week, there were 4 startup investments and 2 secondary transaction in the MENA between July 12 – 18:
Investments:
2 United Arab Emirates (UAE), 1 Oman, 1 Egypt
Secondary Transactions:
2 United Arab Emirates (UAE)
Sectors Received Investments:
1 Environmental Engineering
1 Web 3
1 Software & Web Development
1 Financial Services
News of the Week
🎯 Climatech startup 44.01 raised $37 million.
44.01, a company that specializes in eliminating CO2 from the atmosphere by mineralizing it in peridotite, has raised $37 million in Series A funding round, led by Equinor Ventures. Shorooq Partners, Air Liquide Venture Capital (ALIAD), Alumni Ventures and other investors also participated in the investment round.
Transaction Type: Investment
Investors: Equinor Ventures, Shorooq Partners, Air Liquide Venture Capital (ALIAD), Alumni Ventures, other investors
Co-founders: Talal Hassan, Ehab Tasfai, Karan Khimji
Headquarters: Oman
🎯 Blockchain-based AI startup Sentient Labs raised $85 million.
Sentient Labs, a blockchain-based AI startup that aims to democratise AI development, ensuring that AI benefits humanity as a whole, has raised $85 million in Seed funding round. The investment round was co-led by Pantera Capital and Framework Ventures, with participation from Arrington Capital, Canonical, Dao5 and among other investors.
Investors: Pantera Capital, Framework Ventures, Arrington Capital, Canonical, Dao5, other invetors
Co-founders: Sandeep Nailwal, Pramod Viswanath, Himanshu Tyagi
Headquarters: United Arab Emirates (UAE)
🎯 IT solutions provider Swyt raised funding.
Swyt, which offers an all-in-one platform to simplify and secure IT operations for businesses, has raised an investment in Seed funding round.
Transaction Type: Investment
Investors: –
Co-founders: Edouard Bouvet
Headquarters: United Arab Emirates (UAE)
🎯 Virtual banking platform Dopay raised $13.5 million.
Dopay, which is part of Hub71, offers a virtual banking platform that digitises cash payments from employers to workers and other beneficiaries, has raised $13.5 million in Series A extension round from Argentem Creek Partners and other investors.
Transaction Type: Investment
Investors: Argentem Creek Partners, other investors
Co-founders: Frans van Eersel, Ahmed Nassef
Headquarters: Egypt
🛒 Muller & Phipps acquires Power League Gaming.
Muller & Phipps Middle East Group has acquired gaming and esports agency Power League Gaming.
Transaction Type: Acquisition
Investors: Muller & Phipps
Co-founders: John Lacey
Headquarters: United Arab Emirates (UAE)
🛒 Majarra acquires Lableb.
Digital content provider Majarra has acquired NLP technology provider Lableb.
Transaction Type: Acquisition
Investors: Majarra
Co-founders: Abdulsalam Haykal
Headquarters: United Arab Emirates (UAE)
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