Last week, there were 11 startup investments and 1 secondary transaction in the MENA between March 8 – 14:
Investments:
5 Kingdom of Saudi Arabia (KSA), 2 Egypt, 2 Morocco, 1 Kuwait, 1 United Arab Emirates (UAE)
Secondary Transactions:
1 United Arab Emirates (UAE)
Sectors Received Investments:
2 Financial Services
1 Auction & App
1 Advertising
1 Social Commerce & Beauty
1 Food Delivery
1 Sports
1 Health Care
1 Travel Tech
1 E-Commerce
1 Information Technology
News of the Week
🎯 Bidding platform Mazadak raised $10 million.
Mazadak, which simplifies the auction process through its e-commerce marketplace, has raised $10 million from Revival Lab and a group of family offices.
Transaction Type: Investment
Investors: Revival Lab, family offices
Co-founders: Prince Sultan bin Abdullah bin Abdulaziz Al Saud
Headquarters: Kingdom of Saudi Arabia (KSA)
🎯 Advertising platform dKilo raised $3.2 million.
dKilo, a street-level digital OOH advertising platform that connects audiences with dynamic ads, has raised $3.2 million in Seed funding round from Upturn Ventures and Revival Labs.
Transaction Type: Investment
Investors: Upturn Ventures, Revival Labs.
Co-founders: Mohamed Mousa, Sherif Abdelaty
Headquarters: Egypt
🎯 Social commerce platform Mojo raised funding.
Mojo, a content-driven beauty & skincare platform that enables users to discover & review products while earning rewards, has raised a seven-figure investment in Seed funding round, led by Joa Capital and Emkan Capital. Plus VC, Atyab Al Marshoud, Wahed Invest and angel investors also participated in the investment round.
Transaction Type: Investment
Investors: Joa Capital, Emkan Capital, Plus VC, Atyab Al Marshoud, Wahed Invest, angel investors
Co-founders: Abdulaziz Al-Bahar, Nadia Al-Hamad
Headquarters: Kuwait
🎯 B2B fintech startup Rakeez Capital raised $2 million.
Rakeez Capital, which provides financing options for investors and companies through Sukuk issuance, has raised $2 million in Seed funding round, led by Core Vision Investments.
Transaction Type: Investment
Investors: Core Vision Investments
Co-founders: Saeed Al-Ahmari
Headquarters: Kingdom of Saudi Arabia (KSA)
🎯 Food delivery platform Kitchenara raised $380.000.
Kitchenara, a food delivery platform that enables users to explore a curated selection of restaurants through engaging video reviews and receive personalised meal suggestions, has raised $380.000 from angel investors.
Transaction Type: Investment
Investors: Angel investors
Co-founders: Umair Khalid, Suhaib Nadeem
Headquarters: Kingdom of Saudi Arabia (KSA)
🎯 Talent discovery platform Grintafy raised funding.
Grintafy, a football talent discovery platform that caters to leading football organisations across the Middle East and Europe, has raised funding from Chiliz.
Transaction Type: Investment
Investors: Chiliz
Co-founders: Majdi Allulu
Headquarters: Kingdom of Saudi Arabia (KSA)
🎯 B2B healthtech startup 30Med raised funding.
30Med, a mobile application serves as a link between healthcare professionals and pharmaceutical companies, has raised an investment in Seed funding round from angel investors.
Transaction Type: Investment
Investors: Angel investors
Co-founders: Ayman Ragab
Headquarters: Egypt
🎯 Travel tech startup Seeru raised funding.
Seeru, which offers a one-stop solution for individual travelers, organisations, travel agencies, and meta-search companies to eliminate the travel planning hustle.
Transaction Type: Investment
Investors: Nabtah Ventures
Co-founders: Abd Elmohaimen Mansi, Abdullah Mancy
Headquarters: United Arab Emirates (UAE)
🎯 Superapp ORA Technologies raised $1.5 million.
ORA App, which offers multiple features, including P2P transactions, an e-commerce platform, on-demand services, chat functionality, social networking, and a digital wallet to be launched soon, has raised $1.5 million in Seed funding round from local entrepreneurs.
Transaction Type: Investment
Investors: Local entrepreneurs
Co-founders: Omar Alami
Headquarters: Morocco
🎯 DaaS provider Zetta Technologies raised $1.5 million.
Zetta Technologies, which enables companies to make the most out of their devices, offering tech services as a subscription with a flexible payment plan, has raised $1.5 million in pre-Seed funding round, led by Core Vision.
Transaction Type: Investment
Investors: Core Vision
Co-founders: Faisal Al Abdulsalam, Tabreez Mohiuddin, Waleed Altheeb, Saeeduddin Shah
Headquarters: Kingdom of Saudi Arabia (KSA)
🎯 Fintech startup Tookeez raised $1.5 million.
Tookeez, which consolidates loyalty points from a variety of brands into a single wallet, has raised $1.5 million from Azur Innovation Fund.
Transaction Type: Investment
Investors: Azur Innovation Fund
Co-founders: Hicham Amadi, Wiam Elmejjad, Siham Elmejjad
Headquarters: Morocco
🛒 Mitgo Group acquires Embedded.
Marketing technology provider Mitgo Group has acquired embedded finance platform Embedded.
Transaction Type: Acquisition
Investors: Mitgo Group
Co-founders: Oleg Chanchikov
Headquarters: United Arab Emirates (UAE)
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