Weekly Startup Ecosystem Overview in the Middle East and North Africa (MENA) / March 22 – 28

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Last week, there were 3 startup investments and 1 secondary transaction in the MENA between March 22 – 28:


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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