Last week, there were 3 investments and 1 secondary transaction in the MENA between September 22 – 28:
Investments:
3 United Arab Emirates (UAE)
Secondary Transactions:
1 United Arab Emirates (UAE)
Sectors Received Investments:
1 Gaming / Social Network
1 Cyber Security
1 Fintech
News of the Week
🎯 Football fan engagement platform Fanzword raised $1.2 million.
Fanzword, a football fan engagement platform that aims to forge a virtual stadium where fans follow their beloved teams and also connect, interact, and earn rewards, has raised $1.2 million in pre-Seed funding round, led by XVC Tech.
Transaction Type: Investment
Investors: XVC Tech
Co-founders: Ibrahim El Mohdar, Amr El-Beheiry
Headquarters: United Arab Emirates (UAE)
🎯 Cyber risk monitoring and scoring platform Cypherleak raised $750.000.
Cypherleak, which specialises in simplifying advanced risk monitoring for smaller companies, has raised $750.000 in Seed funding round from Qatar Insurance Company and Maroc Numeric Fund.
Transaction Type: Investment
Investors: Qatar Insurance Company, Maroc Numeric Fund
Co-founders: Mohamed Amine Belarbi
Headquarters: United Arab Emirates (UAE)
🎯 Cross-border bill payment platform BILRS raised funding.
BILRS, which enables online and offline merchants to offer bill payment as a service to their customers across more than 30 countries, has raised a pre-Seed funding from Haatch.
Transaction Type: Investment
Investors: Haatch
Co-founders: Rupert Shaw
Headquarters: United Arab Emirates (UAE)
🛒 ClearPier acquires MQuest.
Canadian performance advertising company ClearPier has acquired data-centric marketing startup Media Quest Group (MQuest) for $35 million.
Transaction Type: Acquisition
Investors: ClearPier
Co-founders: John Rowe, Jay (Mitul) Bhojani, Lorraine Hall
Headquarters: United Arab Emirates (UAE)
Other News:
📌 P1 Ventures, a Pan-African early-stage VC fund, has completed the first close of its second fund at $25 million.
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