Last week, there were 5 startup investments and 1 secondary transaction n the MENA between November 1 – 7:
Investments:
3 United Arab Emirates (UAE), 1 Kingdom of Saudi Arabia (KSA), 1 Morocco
Secondary Transactions:
1 Kingdom of Saudi Arabia (KSA)
Sectors Received Investments:
1 E-Commerce
1 Social Network
1 Delivery
1 Artificial Intelligence
1 Generative AI
News of the Week
🎯 Device trade-in platform NorthLadder raised $10 million.
NorthLadder, a trade-in platform for pre-owned electronics with an automated assessment journey and home pickups, has raised $10 million in Series B, led by Tali Ventures. DFF Ventures and Crescent Ventures also participated in the investment round.
Transaction Type: Investment
Investors: Tali Ventures, DFF Ventures, Crescent Ventures
Co-founders: Mihin Shah, Sandeep Shetty
Headquarters: United Arab Emirates (UAE)
🎯 Social networking service platform Mush Social raised $1.2 million.
Mush Social, a social platform that allows users to earn points and own virtual assets through its innovative map feature, potentially turning interactions into financial returns, has raised $1.2 million in pre-Seed funding round from Nifal Consulting, Nahr Al-Jazeera Holding and angel investors.
Transaction Type: Investment
Investors: Nifal Consulting, Nahr Al-Jazeera Holding, angel investors
Co-founders: Abdulhadi Alasmi
Headquarters: Kingdom of Saudi Arabia (KSA)
🎯 Last-mile delivery startup Cathedis raised $713.000.
Cathedis, which provides e-commerce platforms and online retailers with a variety of last-mile delivery services, has raised $713.000 from Fond Capital Venture, BMCE Capital Investments and Beltone Venture Capital.
Transaction Type: Investment
Investors: Fond Capital Venture, BMCE Capital Investments, Beltone Venture Capital
Co-founders: Imad Mansour Zekri
Headquarters: Morocco
🎯 AI startup Warburg AI raised $250.000.
Warburg AI, which provides adaptive AI and machine learning solutions for financial institutions focused on algorithmic trading, real-time risk management, and asset optimisation, has raised $250.000 in Seed funding round.
Transaction Type: Investment
Investors: –
Co-founders: Ben Pfeffer, Lancelot De Briey, Madiyar Ismagulov
Headquarters: United Arab Emirates (UAE)
🎯 AI domain names provider Brands.io raised funding.
Brands.io, which operates on a business model focused on providing customised domain names tailored to meet the needs of companies in the AI sector, has raised an investment in Seed funding round.
Transaction Type: Investment
Investors: –
Co-founders: Chetan Gera
Headquarters: United Arab Emirates (UAE)
🛒 Ayen acquires Elmawkaa.
Proptech startup Ayen has acquired contech startup Elmawkaa.
Transaction Type: Acquisition
Investors: Ayen
Co-founders: Ebrahem Anwar, Mahmoud Habib, Mohamed Thabet
Headquarters: Kingdom of Saudi Arabia (KSA)
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