Last week, there were 3 startup investments in the MENA between October 26 – 31:
Investments:
2 Kingdom of Saudi Arabia (KSA), 1 Qatar
Sectors Received Investments:
1 Delivery
1 B2B & Marketplace
1 Proptech
News of the Week
🎯 Instant delivery platform Pass raised $2.7 million.
Pass, which provides fast and reliable delivery services, has raised $2.7 million in pre-Series A funding round from undisclosed investors.
Transaction Type: Investment
Investors: –
Co-founders: Bashar Jaber
Headquarters: Qatar
🎯 E-commerce platform Nabt raised $1.5 million.
Nabt, which operates a B2B marketplace connecting farmers directly with businesses, has raised $1.5 million in Seed funding round. The investment round was led by Merak Capital, with participation from angel investors.
Transaction Type: Investment
Investors: Merak Capital, angel investors
Co-founders: Abdullah Alotaibi
Headquarters: Kingdom of Saudi Arabia (KSA)
🎯 Proptech startup ARK raised $1 million.
ARK, which ensures lucrative returns on real estate investments, has raised $1 million in pre-Seed funding round from Core Vision Investment.
Transaction Type: Investment
Investors: Core Vision Investment
Co-founders: Waheed Al Jassas
Headquarters: Kingdom of Saudi Arabia (KSA)
Other News of the Week:
📌 Innovative Startups and SMEs Fund (ISSF) has invested $5 million in Rua Growth I LP to invest in Jordanian startups.
📌 Gulf Islamic Investments (GII) has added an additional $100 million growth capital to the group’s balance sheet to develop private equity opportunities across the Kingdom of Saudi Arabia and the GCC.
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