Weekly Startup Ecosystem Overview in the Middle East and North Africa (MENA) / November 24 – 30

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Last week, there were 5 investments in the MENA between November 24 – 30:


2 United Arab Emirates (UAE), 1 Tunisia, 1 Oman, 1 Kingdom of Saudi Arabia (KSA)

Sectors Received Investments:

1 B2B / SaaS

1 Cloud Kitchen

1 B2B / Marketplace

1 Financial Services

1 3D Printing

News of the Week

🎯 Operational efficiency management platform Winshot raised funding.

Winshot, a B2B SaaS retail operations management startup that helps retail companies digitally connect, manage and engage their deskless workforce, has raised six-figure investment from 216 Capital.

Transaction Type: Investment

Investors: 216 Capital

Co-founders: Walid Mzoughi, Alaa Mokrani, Amjed Bouhouch, Hela Gabsi

Headquarters: Tunisia / France

🎯 Cloud kitchen KitchenomiKs raised $1.8 million.

KitchenomiKs, a cloud kitchen with a portfolio of 12 food brands, helping them scale while eliminating the costs of physical stores, has raised $1.8 million in pre-Series A funding round from Omani and regional investors.

Transaction Type: Investment

Investors: Regional investors

Co-founders: Aankush Bhatia, Aju Samuel, Shrikanth Shenoy

Headquarters: Oman

🎯 B2B marketplace Retailo raised $15 million.

Retailo, a next-day delivery for retailers and restaurants on a catalogue of 5000 stock-keeping units, has raised $15 million from Yusuf Bin Kanoo Group, Technology Group, Majd Digital, Aujan Group Holdings, Shorooq Partners, Abercross Holdings, Graphene Ventures and other investors.

Transaction Type: Investment

Investors: Yusuf Bin Kanoo Group, Technology Group, Majd Digital, Aujan Group Holdings, Shorooq Partners, Abercross Holdings, Graphene Ventures, other investors

Co-founders: Talha Ansari, Wahaj Ahmed, Mohammad Nowkhaiz

Headquarters: Kingdom of Saudi Arabia (KSA)

🎯 Financial education provider Yabi raised $8 million.

Yabi, an mobile application that provides financial education that empowers users in making financial decisions, has raised $8 million from Al Wafra Al Thanya and other existing investors.

Transaction Type: Investment

Investors: Al Wafra Al Thanya, other investors


Headquarters: United Arab Emirates (UAE)

🎯 Additive manufacturing startup Immensa raised $20 million.

Immensa, which provides large companies in the energy sector with access to spare parts on demand without mass manufacturing in hubs across Southeast Asia, China, or Latin America, has raised $20 million in Series B funding round. The investment round was led by Global Ventures, with participation from Endeavor Catalyst Fund, EDGO, Energy Capital Group (ECG), Shorooq Partners and Green Coast Investments

Transaction Type: Investment

Investors: Global Ventures, Endeavor Catalyst Fund, EDGO, Energy Capital Group (ECG), Shorooq Partners, Green Coast Investments

Co-founders: Fahmi Al Shawwa

Headquarters: United Arab Emirates (UAE)

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