Weekly Startup Ecosystem Overview in the Middle East and North Africa (MENA) / November 17 – 23

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Last week, there were 5 investments in the MENA between November 17 – 23:


1 Morocco, 1 Egypt, 1 Kuwait


1 UAE-based company invests in Turkiye-headquartered startup.

1 UAE-based VC firm invests in Turkiye-based startup.

Sectors Received Investments:

1 E-Commerce / Fintech

1 Marketplace / Sports

1 Grocery

1 Cloud Kitchen

1 Health Care

News of the Week

🎯 B2B e-commerce and fintech platform Chari raised funding.

Chari, which lets retailers purchase large quantities of inventory items directly from suppliers, has raised an undisclosed investment from UM6P Ventures.

Transaction Type: Investment

Investors: UM6P Ventures

Co-founders: İsmael Belkhayat, Sophia Alj

Headquarters: Morocco

🎯 Sports equipments marketplace WayUp Sports raised funding.

WayUp Sports, a marketplace for sports equipment and apparel, has raised investment in Seed funding round, led by Beltone Venture Capital and Index Sports Fund.

Transaction Type: Investment

Investors: Beltone Venture Capital, Index Sports Fund

Co-founders: Omar Afifi, Mohamed Afifi, Basma Afifi

Headquarters: Egypt

🎯 E-grocery platform Raha raised $7 million.

Raha, which delivers groceries, fresh produce, and other household essentials, has raised $7 million in pre-Series A funding round. The investment round was led by Soor Capital and eWTP Arabia Capital.

Transaction Type: Investment

Investors: Soor Capital, eWTP Arabia Capital

Co-founders: Saleh Al-Tunaib

Headquarters: Kuwait

🎯 Cloud kitchen operator Fork N Knife raised $800.000.

Fork N Knife, which offers a cooking as a service model, allowing restaurants and food enthusiasts to start and expand their own food businesses without any initial capital, has raised $800.000 in Seed funding round from UAE-based Your Compass and other Middle Eastern and global investors.

Transaction Type: Investment

Investors: Your Compass, other investors

Co-founders: Yasser Nasr Aldin

Headquarters: Turkiye

🎯 Personal health consultant Salus raised $4.7 million.

Salus, which helps individuals meet online with psychologists, physiotherapists and dietitians, has raised $4.7 million in Seed funding round, led by Northzone. 500 Emerging Europe, Pitchdrive, İşbank 100th Year Venture Capital, Collective Spark, Wamda Capital, Adam Anders, Can Yücaoğlu, Mehmet Yılmaz, Joshua Cornelius and Kıvanç Semen also participated in the investment round.

Transaction Type: Investment

Investors: Northzone, 500 Emerging Europe, Pitchdrive, İşbank 100th Year Venture Capital, Collective Spark, Wamda Capital, Adam Anders, Can Yücaoğlu, Mehmet Yılmaz, Joshua Cornelius, Kıvanç Semen

Co-founders: Alperen Adikti, Dinçer Karaduman

Headquarters: Turkiye

Other News:

📌 Lebanon-based agritech Dooda Solutions has received a $100,000 price after being named the winner of this year’s PepsiCo Greenhouse Accelerator: Mena Sustainability Edition.

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