Last week, there were 7 investments in the MENA between July 14 – 20:
Investments:
5 United Arab Emirates (UAE), 1 Egypt, 1 Tunisia
Bonus:
Dubai-based tech venture company invests in a Polish startup.
Sectors Received Investments:
2 Mobility
1 Fintech
1 Foodtech
1 Marketplace / E-Commerce
1 Fashion
1 Construction Tech
1 Mobile Gaming
News of the Week
🎯 Mobility startup One Moto raised funding.
One Moto, an impact-driven electric vehicle ecosystem that specializes in commercial delivery and everyday commuters, has raised $40 million in debt funding from Pyse.
Transaction Type: Investment
Investment Amount: $40.000.000
Investors: Pyse
Co-founders: Adam Ridgway, Stephen Wood
Country: United Arab Emirates (UAE)
🎯 Electric scooters manufacturer Kaco raised funding.
Kaco is a technology company that manufactures of electric scooters, has raised an undisclosed amount in a fundraising round from UGFS.
Transaction Type: Investment
Investment Amount: –
Investors: UGFS
Co-founders: Salmi Med Ali
Country: Tunisia
🎯 Financial service company Flash raised funding.
Flash, a mobile application and financial service company that facilitates digital payments to businesses, has raised $6 million in Seed funding round. The investment round was led by Addition, with participation from Flourish Ventures and other angel investors.
Transaction Type: Investment
Investment Amount: $6.000.000
Investors: Addition, Flourish Ventures
Co-founders: Erik Gordon, Sherine Kabesh
Country: Egypt
🎯 Foodtech startup Growdash raised funding.
Growdash, a business intelligence and analytics tool built specifically for restaurants to support profitable growth strategic decisions, has raised $750.000 in pre-Seed funding round, led by Flat6Labs. Plus Venture Capital, Judah VC, TPN Investments, angel investors Zeid Husban and Abdulhamid Al Omar also participated in the investment round.
Transaction Type: Investment
Investment Amount: $750.000
Investors: Flat6Labs, Plus Venture Capital, Judah VC, TPN Investments, Zeid Husban, Abdulhamid Al Omar
Co-founders: Enver Sorkun, Sean Trevaskis
Country: United Arab Emirates (UAE)
🎯 Marketplace aggregator YallaHub raised funding.
YallaHub, a B2B e-commerce marketplace that enables brands to scale up across the GCC region, has raised $6 million in a pre-series A funding round. The invesment round was co-led by Regolith and Fedor Ovchinnikov.
Transaction Type: Investment
Investment Amount: $6.000.000
Investors: Regolith, Fedor Ovchinnikov
Co-founders: Leo Dovbenko, Stas Seleznev
Country: United Arab Emirates (UAE)
🎯 Fashion app Get Outfit raised funding.
Get Outfit, a personalized fashion discovery app with an AI-powered stylist, has raised an undisclosed amount in pre-Seed funding round, led by Forward Angel.
Transaction Type: Investment
Investment Amount: –
Investors: Forward Angel
Co-founders: Kim Sanzhiev
Country: United Arab Emirates (UAE)
🎯 Construction tech startup Tenderd raised funding.
Tenderd, which provides customers with AI-generated insights to increase asset utilisation and reduce emissions, targeting heavy industries such as construction and logistics, has raised an undisclosed amount from Wa’ed Ventures.
Transaction Type: Investment
Investment Amount: –
Investors: Wa’ed Ventures
Co-founders: Arjun Mohan
Country: United Arab Emirates (UAE)
🎯 Web3 game developer and publisher Hexacore raised funding.
Dubai-based tech venture company Scalo Technologies has led a $3.5 million round for Hexacore, a mobile game publisher specialising in hybrid mobile web3 games. The investment round was also supported by Xsolla, Estoty, and other angel investors.
Transaction Type: Investment
Investment Amount: $3.500.000
Investors: Scalo Technologies, Xsolla, Estoty, angel investors
Co-founders: Mikita Khazau, Aleksandr Krivolap, Dzianis Krupski
Country: Poland
Other News:
📌 Jordan’s Innovative Startups and SMEs Fund (ISSF) has invested $2 million in Hambro Perks’ Oryx Fund to empower the Jordanian startup ecosystem and drive technological innovation in the country.
📌 Non-profit organization for food security, The Egyptian Food Bank (EFB), has announced its collaboration for the second year with El-Forsa with Lamis Elhadidy TV program on ON TV, to expand their network of startups
📌 UAE-based business setup consultancy Creative Zone has collaborated with Fahed Bizzari to deliver an entrepreneur-focused edition of the ChatGPT Accelerator to foster AI literacy amongst UAE entrepreneurs.
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