Last week, there were 4 startup investments in the MENA between November 22 – 28:
Investments:
2 Egypt, 1 United Arab Emirates (UAE), 1 Morocco
Sectors Received Investments:
1 Eyewear & Retail
1 E-Commerce & Marketplace
1 Consumer Goods & Home Decor
1 Financial Services
News of the Week
🎯 Eyewear retailer eyewa raised $100 million.
Online eyewear retailer eyewa, has raised $100 million in Series C funding round. The investment round was led by General Atlantic, with participation from Badwa Capital and Turmeric Capital.
Investors: General Atlantic, Badwa Capital, Turmeric Capital
Co-founders: Mehdi Oudghiri, Anass Boumedien
Headquarters: United Arab Emirates (UAE)
🎯 Online marketplace Sylndr has raised $7.46 million.
Sylndr which allows customers to buy and sell their cars as well as find financing solutions, has raised $7.46 million from EFG Hermes, EGbank, EFG Corp-Solutions and other investors.
Transaction Type: Investment
Investors: EFG Hermes, EGbank, EFG Corp-Solutions, other investors
Co-founders: Amr Mazen, Omar El Defrawy
Headquarters: Egypt
🎯 Furniture e-commerce platform ariika has raised $3 million.
ariika, a home décor direct-to-consumer (D2C) e-commerce platform that partners with artisans from around the world to create and curate modern décor brands, has raised $3 million in Series A extension round, led by Beltone Venture Capital and Citadel International Holdings.
Transaction Type: Investment
Investors: Beltone Venture Capital, Citadel International Holdings.
Co-founders: Khaled Attallah, Shahir Arslan
Headquarters: Egypt
🎯 Fintech startup Premium Technology & Services raised $500.000.
PTS, which offers advanced tools for digitising traditional banking cards, tailored to the evolving needs of banks and businesses, has raised $500.000 from BMCE Capital Investments.
Transaction Type: Investment
Investors: BMCE Capital Investments
Co-founders: Samir Younes
Headquarters: Morocco
Other News of the Week:
📌 Iraq-based edtech Eduba has acquired by an undisclosed telecommunications conglomerate for a seven-figure amount.
📌 Saudi Arabia-based investment company Naif Al Rajhi Investment has invested in Jordan’s AI Arabic content platform Mawdoo3 for a strategic stake.
🟥 StartupCentrum
Find the best startup jobs or launch your future unicorn company, meet the best talents and startups, and get in contact with international accelerators and investors to grow!
For more information startupcentrum.com
To take part in the StartupCentrum Entrepreneurship Ecosystem Summary of Turkey, MENA or Europe series and to be our supporter: [email protected]
