Last week, there were 4 investments in the MENA between November 3 – 9:
Investments:
3 Egypt, 1 Kingdom of Saudi Arabia (KSA)
Sectors Received Investments:
1 Education
1 B2B / SaaS
1 Proptech
News of the Week
🎯 Edtech startup OBM Education raised funding.
OBM Education, which offers career development navigation tools for high school and university students, has raised a seven-figure investment from Value Maker Studio.
Transaction Type: Investment
Investors: Value Maker Studio
Co-founders: Omar El-Barbary
Headquarters: Egypt
🎯 B2B SaaS platform Awfar raised funding.
Awfar, a B2B SaaS platform that aims to digitize retail E-commerce and on-demand orders’ fulfilment through technology, has raised a six-figure investment from Value Maker Studio.
Transaction Type: Investment
Investors: Value Maker Studio
Co-founders: Abdelrahman Galal
Headquarters: Egypt
🎯 Proptech startup Ajras raised $28 million.
Ajras, which offers flexible payment solutions for landlords and tenants, has raised $28 million in Seed funding round, led by Madarek International.
Transaction Type: Investment
Investors: Madarek International
Co-founders: Muath Aljubailan, Abdullah Al Qarni, Ahmed Al Tamimi, Suleiman Aljarbou, Suhail Al Tamimi
Headquarters: Kingdom of Saudi Arabia (KSA)
🎯 Microfinance lending and payments platform MNT Halan raised $130 million.
Egypt’s first fintech unicorn MNT Halan, which provides financial services to businesses, has raised $130 million through securitization.
Investors: –
Co-founders: Mounir Nakhla
Headquarters: Egypt
Other News:
📌 Saudi Arabia-based VC firm Riyadh Valley Company has invested in Flat6labs’ Startup Seed Fund to back early-stage startups in Saudi Arabia.
📌 Dubai Integrated Economic Zones Authority (DIEZ) has launched a new VC fund called Oraseya Capital with total worth AED 500 million (approximately $136 million) to support startups.
📌 The winners of the Bahrain e-Government Excellence Awards have been announced. LocalBH, the fastest-growing media entity in Bahrain, has received the “Best Practice in e-Participation Award”.
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