Last week, there were 2 startup investments and 1 secondary transaction in the MENA between June 28 – July 4:
Investments:
1 Kingdom of Saudi Arabia (KSA), 1 Egypt
Secondary Transactions:
1 United Arab Emirates (UAE)
Sectors Received Investments:
1 Media and Entertainment
1 Education
News of the Week
🎯 Edutainment platform Jeel raised funding.
Jeel, which provides Arabic content for children, adolescents, parents and educators, has raised a seven figure investment in Seed funding round from RZM Investments and angel investors.
Transaction Type: Investment
Investors: RZM Investments, angel investors
Co-founders: Ahmed Sobaih
Headquarters: Kingdom of Saudi Arabia (KSA)
🎯 Education platform Elkheta raised $400.000.
El Kheta, which allows students to tailor their preferred curricula and create a study plan that suits their needs, has raised $400.000 in Seed funding round from EdVentures.
Investors: EdVentures
Co-founders: Mohamed Mahmoud
Headquarters: Egypt
🛒 CoinDCX acquires BitOasis.
Xrypto exchange company CoinDCX has acquired virtual assets trading platform BitOasis.
Transaction Type: Acquisition
Investors: CoinDCX
Co-founders: Ola Doudin
Headquarters: United Arab Emirates (UAE)
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