Last week, there were 5 startup investments in the MENA between September 20 – 26:
Investments:
2 Morocco, 1 Kingdom of Saudi Arabia (KSA), 1 Pakistan, 1 United Arab Emirates (UAE)
Sectors Received Investments:
1 Mobility
1 E-Commerce
1 Climate Tech
1 Marketing & SaaS
1 Human Resources
News of the Week
🎯 Smart mobility solutions provider SHIFT raised $82.8 million.
SHIFT, a comprehensive platform specialising in tech-focused mobility solutions for people and products, has raised $82.8 million from Merak Capital.
Transaction Type: Investment
Investors: Merak Capital
Co-founders: Khalid Alsulaiman
Headquarters: Kingdom of Saudi Arabia (KSA)
🎯 BNPL fintech startup Qist Bazaar raised $3.2 million.
Qist Bazaar, which provides a buy now pay later (BNPL) fintech platform, has raised $3.2 million in Series A funding round, led by Indus Valley Capital. Gobi Partners and Bank Alfalah also participated in the investment round.
Transaction Type: Investment
Investors: Indus Valley Capital, Gobi Partners, Bank Alfalah
Co-founders: Arif Lakhani
Headquarters: Pakistan
🎯 Climate tech startup Coral raised $3 million.
Coral, which provides businesses with a streamlined solution to manage their carbon emissions, has raised $3 million in Seed funding round, led by a group of investors.
Transaction Type: Investment
Investors: –
Co-founders: Juergen Hoebarth, Daniele Sileri
Headquarters: United Arab Emirates (UAE)
🎯 SaaS provider Userguest raised $2.4 million.
Userguest, an automated tool that enables hotels to optimise their direct revenue from their website by curating personalised messages and intelligent incentives for visitors, has raised $2.4 million in Seed funding round. The investment round was led by Al Mada Ventures, with participation from CDG Invest, Saviu Ventures, UM6P Ventures, Kalys VC, Plug & Play, Philippe Limes and Thane Kuhlman.
Transaction Type: Investment
Investors: Al Mada Ventures, CDG Invest, Saviu Ventures, UM6P Ventures, Kalys VC, Plug & Play, Philippe Limes, Thane Kuhlman
Co-founders: Ahmed Chami, Assil Bernossi, Hicham Benyebdri
Headquarters: Morocco
🎯 HRtech startup Kwiks raised $827.000.
Kwiks, which streamlines the hiring process by connecting companies with top freelance headhunters, has raised $827.000 from Azur Innovation Management.
Transaction Type: Investment
Investors: Azur Innovation Management
Co-founders: Amine Khayatei Houssaini, Karim Kaoukabi
Headquarters: Morocco
Other News:
📌 Dgpays and Arcapita has acquired majority stake in Neopay from Mashreq.
📌 Amplify Growth Partnership has launched a $100 million growth debt fund, which aims to provide debt capital to tech-focused companies across the MENA region, with a focus on the GCC.
🟥 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]