Last week, there were 4 startup investments in the MENA between November 29 – December 5:
Investments:
2 Kingdom of Saudi Arabia (KSA), 1 United Arab Emirates (UAE), 1 Egypt, 1 Morocco, 1 Oman
Sectors Received Investments:
1 Network Security
1 Education
1 Game Tech
1 Supply Chain Management
1 Mobility
1 Food Delivery
News of the Week
🎯 Cybersecurity startup Cipher raised $13.3 million.
Cipher, which provides a range of services, including risk assessment, penetration testing, security awareness training, threat detection, rapid response and recovery to ensure business continuity, has raised $13.3 million in pre-IPO investment round from Impact46.
Transaction Type: Investment
Investors: Impact46
Co-founders: Thamer ALDhafiri
Headquarters: Kingdom of Saudi Arabia (KSA)
🎯 Edtech startup Aanaab raised $7 million.
Aanaab, a digital training platform offers K–12 teachers and educators a range of courses, licensing, and qualifications, predominantly in Arabic, to advance their professional development, has raised $7 million in Series A funding round from Dallah Investment Holding.
Transaction Type: Investment
Investors: Dallah Investment Holding
Co-founders: Munira Jamjoom, Naila Al-Khalawi, Fouad Al-Farhan
Headquarters: Kingdom of Saudi Arabia (KSA)
🎯 Gametech startup Playgama raised $3 million.
Playgama, an HTML5 games portal offering games for all ages, simplifying devmonetization, and driving web gaming excellence, has raised $3 million. The investment round led by The Open Platform and s16vc, with participation from FJ Labs, The Games Fund, TON Ventures and Kirill Eves.
Transaction Type: Investment
Investors: The Open Platform, s16vc, FJ Labs, The Games Fund, TON Ventures, Kirill Eves
Co-founders: Dmitry Kachmar
Headquarters: United Arab Emirates (UAE)
🎯 Online freight forwarding platform Nowlun raised $1.7 million.
Nowlun, an online freight forwarding platform allowing customers to compare between different services and rates that match their needs, has raised $1.7 million in Seed funding round, led by Nama Ventures and A15. Sanabil 500 Global and angel investors also participated in the investment round.
Transaction Type: Investment
Investors: Nama Ventures, A15, Sanabil 500 Global, angel investors
Co-founders: Moataz Khamis, Mahmoud Khaled, Ahmed Emara
Headquarters: Egypt
🎯 Mobility startup Enakl raised $1.4 million.
Enakl, an urban mobility startup dedicated to providing sustainable, collective transport solutions tailored for emerging markets, has raised $1.4 million in pre-Seed funding round. The investment round was led by Catalyst Fund, with participation from Renew Capital, Digital Africa, Station F and angel investors.
Investors: Catalyst Fund, Renew Capital, Digital Africa, Station F, angel investors
Co-founders: Samir Bennani, Charles Pommarede, Ahmed Omrane
Headquarters: Morocco
🎯 Foodtech startup Fascano raised funding.
Fascano, which optimizes the meal browsing, ordering, and payment processes, has raised funding from Oman Future Fund, Oman Investment Authority and Cyfr Capital.
Transaction Type: Investment
Investors: Oman Future Fund, Oman Investment Authority, Cyfr Capital
Co-founders: Ahmed Al Kharusi, Murak Al Muairki
Headquarters: Oman
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