Last week, there were 3 startup investments and 1 secondary transaction in the MENA between March 22 – 28:
Investments:
1 Bahrain, 1 Egypt, 1 Lebanon
Secondary Transactions:
1 Lebanon
Sectors Received Investments:
1 Information Technology
1 EdTech & Recruiting
1 Agriculture & Farming
News of the Week
🎯 Loyalty programme Ahlan App raised $3 million.
Ahlan, a loyalty programme and delivery platform that rewards its customers for their loyalty with cashback directly on the platform through its dine-in, pick-up, and home delivery services, has raised $3 million with $15 million valuation. The investment round was led by Hope Ventures, with participation from Al Rajhi Holdings and angel investors.
Transaction Type: Investment
Investors: Hope Ventures, Al Rajhi Holdings, angel investors
Co-founders: Faisal Rashed
Headquarters: Bahrain
🎯 Edtech startup Sprints raised $3 million.
Sprints.ai, an ai-powered edtech that bridges the tech talent gap in the MEA region by preparing qualified talent for the labour market with a guaranteed hiring programme, has raised $3 million in bridge funding round, led by Disruptech Ventures. EdVentures, CFYE and other investors also participated in the investment round.
Transaction Type: Investment
Investors: Disruptech Ventures, EdVentures, CFYE, other investors
Co-founders: Ayman Bazaraa, Bassam Sharkawy
Headquarters: Egypt
🎯 Agritech startup Garbaliser raised $436.000.
Garbaliser, which eliminates pollution by turning organic waste into liquid, eco-friendly fertiliser, has raised $436.000 from Shark Tank Dubai.
Transaction Type: Investment
Investors: Shark Tank Dubai
Co-founders: Hanan Ismail, Zeinab Ismail
Headquarters: Lebanon
🛒 MBC Group acquires stake in Anghami.
Media conglomerate MBC Group has acquired 14% stake in music streaming app Anghami.
Transaction Type: Acquisition
Investors: MBC Group
Co-founders: Eddy Maroun, Elie Habib
Headquarters: Lebanon
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