Weekly Startup Ecosystem Overview in the Middle East and North Africa (MENA) / June 23 – July 7

Here you can read this post in these languages:

Last 2 weeks, there were 6 investments and 1 secondary transaction in the MENA between June 23 – July 7:


2 United Arab Emirates, 1 Morocco, 1 Kingdom of Saudi Arabia (KSA), 1 Egypt


1 Egypt


1 Switzerland

Sectors Received Investments:

1 Logistics

1 B2B / Fintech

1 Cryptocurrency

1 FoodTech

1 HR Tech

1 PropTech

🎯 Logistics platform Transportr raised funding.

Transportr, a logistics freight marketplace, has completed an eight-figure Seed funding round by Ittihad Ventures Holding, along with Industrial Capital Group.

Transaction Type: Investment

Investment Amount: 

Investors: Ittihad Ventures Holding, Industrial Capital Group


Country: United Arab Emirates (UAE)

🎯 E-commerce and fintech startup Chari raised funding.

Chari, a B2B e-commerce and fintech platform that helps retailers procure inventory for their stores and offers them financial services, has raised $1.5 million from Kepple Africa Ventures

Transaction Type: Investment

Investment Amount: $1.500.000

Investors: Kepple Africa Ventures

Co-founders: Ismael Belkhayat, Sophia Alj

Country: Morocco

🎯 Cryptocurrency developer Islamic Coin raised funding.

Islamic Coin, a native currency of Haqq that focuses on empowering the Muslim community with a financial instrument for the digital age, has raised $200 million in private equity from ABO Digital.

Transaction Type: Investment

Investment Amount: $200.000.000

Investors: ABO Digital

Co-founders: Mohammed AlKaff AlHashmi, Hussein Al Meeza

Country: Switzerland

🎯 Foodtech startup Nomu raised funding.

Nomu, a innovative food-tech supply chain platform set to revolutionise the food and beverage industry in the MENA region, has raised a $5 million in Seed funding round. The investment round was joined by DIV Capital, Shurfah, Core Vision, Purity for Information Technology, Altoukhi Family Office and Bakr Family Office.

Transaction Type: Investment

Investment Amount: $5.000.000

Investors: DIV Capital, Shurfah, Core Visioni Purity for Information Technology, Altoukhi Family Office, Bakr Family Office

Co-founders: Salman Attieh, Shehab Mokhtar, Yassir El ISMAILI EL IDRISSI

Country: Kingdom of Saudi Arabia (KSA)

🎯 Digital payment service Masroofi raised funding.

Masroofi, which focuses on digital payment services for children, received an investment of $1.5 million from undisclosed investors.

Transaction Type: Investment

Investment Amount: $1.500.000

Investors: Undisclosed investors

Co-founders: Sayed Elshemy, Mostafa Abd Elkhabir

Country: Egypt

🎯 HRtech startup alfii raised funding.

HR-tech platform alfii, has raised $2.5 million in pre-Seed funding round, led by Preface Ventures. Wayfinders, Kayan Ventures and Aditum Ventures also participated in the investment round.

Transaction Type: Investment

Investment Amount: $2.500.000

Investors: Preface Ventures, Wayfinders, Kayan Ventures, Aditum Ventures

Co-founders: Yousef Albarqawi, Becky Jefferies, Dina Mohammad-Laity

Country: United Arab Emirates (UAE)

🎯 Proptech platform Agenz raised funding.

Agenz, which allows users to list and find properties to buy or rent, has raised $1.3 million in a pre-Series A funding round from Azur Innovation Fund, Maroc Numeric Fund II and Beenok.

Transaction Type: Investment

Investment Amount: $1.300.000

Investors: Azur Innovation Fund, Maroc Numeric Fund II, Beenok

Co-founders: Malik Belkeziz, Badr Belkeziz

Country: Morocco

🛒 Saudi VMS acquires minority stake in Cash Cows.

Startup accelerator Saudi VMS has acquired a minority stake in its counterpart Cash Cows.

Transaction Type: Acquisition

Investors: Saudi VMS

Co-founders: –

Country: Egypt

Other News:

📌 Global incubator DMZ Cairo and EBank has launched a fintech bootcamp for early-stage startups.

🟥 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]

Recent Articles

Related Posts


Lütfen yorumunuzu giriniz!
Lütfen isminizi buraya giriniz