Last week, there were 3 investments in the MENA between July 28 – August 3:
Investments:
2 United Arab Emirates (UAE)
Bonus:
1 UAE-based investment firm invets in a Singapore-based startup.
Sectors Received Investments:
1 Health Tech
1 Wellness
1 Mobile Apps / Telecommunications
News of the Week
🎯 Healthtech startup UDENZ raised funding.
Udenz, a dental healthcare engagement platform for dentists and patients, has raised $5 million in Series A funding round from Hakim Capital Holding, Techcelerate Investments LLC, Inspira Management and Dubai Business Corporation.
Transaction Type: Investment
Investment Amount: $5.000.000
Investors: Hakim Capital Holding, Techcelerate Investments LLC, Inspira Management, Dubai Business Corporation
Co-founders: Hisham Safadi
Country: United Arab Emirates (UAE)
🎯 Wellbeing platform LVL Wellbeing raised funding.
LVL, a platform that offers digital and physical wellbeing solutions to enterprise level organisations for their employees and customers, has raised $10 million in Series A funding round. The investment round was led by MG Wellness Holding, subsidiary of the Abu Dhabi-based investment holding company, Multiply Group.
Transaction Type: Investment
Investment Amount: $10.000.000
Investors: MG Wellness Holding
Co-founders: Dilesh Bhimjiani, Gary Blowers, Graeme Perry
Country: United Arab Emirates (UAE)
🎯 eSIM service provider Airalo raised funding.
Airalo, a startup that provides eSIM access for travelers around the world, has raised $60 million in Series B funding round. The investment round was led by UAE-based e& capital, with participation from Antler, Liberty Global, Singtel Innov8, Orange Ventures, T Capital, KPN Ventures, Telefonica, Rakuten Capital, Peak XV Partners and I2BF Global Ventures.
Transaction Type: Investment
Investment Amount: $60.000.000
Investors: e& Capital, Antler, Liberty Global, Singtel Innov8, Orange Ventures, T Capital, KPN Ventures, Telefonica, Rakuten Capital, Peak XV Partners, I2BF Global Ventures
Co-founders: Abraham Burak, Ahmet Bahadır Özdemir
Country: Singapore
Other News:
📌 Cairo-based financial services company Bankbox has announced the opening of its $10 million regional headquarters in Egypt. The new HQ will provide an integrated platform for banking solutions, electronic payments, smart transportation tech, and digital government payment solutions.
📌 Egypt’s Financial Regulatory Authority (FRA)and the National Training Academy has announced their bilateral cooperation to provide a training program that helps boost women’s capabilities and skills in managing non-banking financial services.
🟥 StartupCentrum
Find the best startup jobs or launch your future unicorn company, meet the best talents and startups, and get in contact with international accelerators and investors to grow!
For more information startupcentrum.com
To take part in the StartupCentrum Entrepreneurship Ecosystem Summary of Turkey, MENA or Europe series and to be our supporter: [email protected]