Last week, there were 8 investments in the MENA between November 10 – 16:
Investments:
4 Kingdom of Saudi Arabia (KSA), 2 United Arab Emirates (UAE), 1 Morocco, 1 Egypt
Sectors Received Investments:
3 FinTech
1 Cyber Security
1 Supply Chain Management / Artificial Intelligence
1 Education / Ebooks
1 SaaS
1 Last-Mile / Transportation
News of the Week
🎯 Shopping and payments platform Tamara raised $250 million.
Tamara, a buy now pay later (BNPL) platform that allows consumers to buy a product and pay for it in installments, has raised $250 million in debt financing from Goldman Sachs and Shorooq Partners.
Transaction Type: Investment
Investors: Goldman Sachs, Shorooq Partners
Co-founders: Abdulmajeed Alsukhan, Turki Bin Zarah, Abdulmohsen Albabtain
Headquarters: Kingdom of Saudi Arabia (KSA)
🎯 Fintech startup LYNK raised funding.
LYNK, which connects financial institutions, commodity markets, and beneficiaries through its Shariah-compliant services, has raised funding from Al Fozan Holding and Ramla Holding Group.
Investors: Al Fozan Holding, Ramla Holding Group
Co-founders: Thabet Alsubaie
Headquarters: Kingdom of Saudi Arabia (KSA)
🎯 Personal finance management solution Mafhoom raised $1.36 million.
Mafhoom, which allows users to optimise their spending behaviour, reduce bills, eliminate debt, enhance financial literacy, and achieve savings and investment objectives, has raised $1.36 million in pre-Seed funding round. The investment round was led by Al-Wafra Al-Thanya for Investments, with participation from angel investors.
Transaction Type: Investment
Investors: Al-Wafra Al-Thanya for Investments, angel investors
Co-founders: Ahmad Khatib, Ziad Melhem
Headquarters: United Arab Emirates (UAE)
🎯 Cybersecurity startup Cognna raised $2.25 million.
Cognna, which provides cybersecurity stress-free, by providing the tools needed to detect, prevent, and resolve threats with ease, has raised $2.25 million in Seed funding, led by IMPACT46. Vision Ventures, Faith Capital and other investors also participated in the investment round.
Transaction Type: Investment
Investors: IMPACT46, Vision Ventures, Faith Capital, other investors
Co-founders: Ibrahim Alshamrani, Ziyad Alshehri
Headquarters: Kingdom of Saudi Arabia (KSA)
🎯 Transport and logistics startup CloudFret raised $2.1 million.
CloudFret, an ai algorithm-driven platform to connect shippers and carriers through Mediterranean shoresi, has raised $2.1 million from Afri Mobility and Azur Innovation Fund.
Transaction Type: Investment
Investors: Afri Mobility, Azur Innovation Fund.
Co-founders: Driss Jabar
Headquarters: Morocoo
🎯 Edtech startup Akhdar raised funding.
Akhdar offers more than 2,500 Arabic-language educational content in the form of audio and written books, book reviews and podcasts, has raised six-figure funding from Value Maker Studio.
Transaction Type: Investment
Investors: Value Maker Studio
Co-founders: Mohamed Osama
Headquarters: Egypt
🎯 SaaS solution Khafy raised $800.000.
Khafy, which specializes in providing a service that assesses the performance quality of employees through its application, has raised $800.000 in pre-Seed funding round.
Transaction Type: Investment
Investors: –
Co-founders: –
Headquarters: Kingdom of Saudi Arabia (KSA)
🎯 Last-mile transportation solution Wize raised $16 million.
Wize, which provides eco-friendly last-mile transportation solutions, has raised $16 million in pre-Seed funding round from angel investors.
Transaction Type: Investment
Investors: Angel investors
Co-founders: Alexander Lemzakov
Headquarters: United Arab Emirates (UAE)
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