Last week, there were 5 investments and 1 secondary transactions in the MENA between October 13 – 19:
Investments:
3 United Arab Emirates (UAE), 1 Egypt, 1 Kingdom of Saudi Arabia
Secondary Transactions:
1 Kingdom of Saudi Arabia
Sectors Received Investments:
1 E-Commerce / Gifting
1 Augmented Reality / Hardware
1 Clean Tech
1 Training
1 Fintech
News of the Week
Personalised greeting card and gift e-commerce store Share the Love, has completed a Seed funding round. The investment round was joined by angel investors.
Transaction Type: Investment
Investors: Angel investors
Co-founders: Billy Blackford
Headquarters: United Arab Emirates (UAE)
🎯 Deep tech startup Xpanceo raised $40 million.
Xpanceo, a deeptech startup that develops the next generation of computing via an invisible and weightless smart contact lens, has raised $40 million in Seed funding round, led by Opportunity Ventures.
Transaction Type: Investment
Investors: Opportunity Ventures
Co-founders: Valentyn S. Volkov, Roman Axelrod
Headquarters: United Arab Emirates (UAE)
🎯 Carbon management and accounting platform Olive Gaea raised $1 million.
Olive Gaea, an ai-powered SaaS platform for carbon carbon accounting, decarbonization and Net Zero, has raised $1 million from Cornerstone Venture.
Transaction Type: Investment
Investors: Cornerstone Venture
Co-founders: Vivek Tripathi
Headquarters: United Arab Emirates (UAE)
🎯 Educational technologies startup Crafty Workshop raised $400.000.
Crafty Workshop, which offers an arsenal of online technical and pedagogical workshops and courses aimed at artisans and craftspeople, has raised $400.000 in Seed funding round, led by EdVentures.
Transaction Type: Investment
Investors: EdVentures
Co-founders: (arm of Nahdet Misr Group)
Headquarters: Egypt
🎯 Fintech startup Takadao raised $1.6 million.
Takadao, which offers its users two Shariah-compliant blockchain-based services, savings and loans and cooperative life insurance, has raised $1.6 million in pre-Seed funding round. The investment round was led by Tim Draper, with participation from BIM, Core Vision Ventures and Prince Sultan bin Fahad bin Salman Al Saud.
Investors: Tim Draper, BIM, Core Vision Ventures, Prince Sultan bin Fahad bin Salman Al Saud
Co-founders: Sharene Lee, Morrad Irsane
Headquarters: Kingdom of Saudi Arabia
🛒 CashIn acquires Cardless.
Saudi Arabia-based online payment platform CashIn has acquired comprehensive digital payment platform Cardless.
Transaction Type: Acquisition
Investors: CashIn
Co-founders: Scott Kazmierowicz, Michael Spelfogel
Headquarters: United States (US)
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