Weekly Startup Ecosystem Overview in the Middle East and North Africa (MENA) / November 3 – 9

Here you can read this post in these languages:

Last week, there were 4 investments in the MENA between November 3 – 9:


3 Egypt, 1 Kingdom of Saudi Arabia (KSA)

Sectors Received Investments:

1 Education

1 B2B / SaaS

1 Proptech

1 FinTech

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.

Transaction Type: Investment

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”.

🟥 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]

Recent Articles

Related Posts


Lütfen yorumunuzu giriniz!
Lütfen isminizi buraya giriniz