Last week, there were 6 startup investments in the MENA between September 27 – October 6:
Investments:
3 Kingdom of Saudi Arabia (KSA), 1 United Arab Emirates (UAE), 1 Kuwait, 1 Iraq
Sectors Received Investments:
1 QR Codes
1 Podcast
1 Retail
1 Event Management
1 Casual Games & Coupons
1 Intelligent Systems
News of the Week
🎯 F&B SaaS provider Al Menu raised $10 million.
Al Menu, which provides cloud-based solutions for restaurants and cafes in Saudi Arabia, has raised $10 million from Al Majdiah Investment and other investors.
Transaction Type: Investment
Investors: Al Majdiah Investment, other investors.
Co-founders: Mamdoh Ali
Headquarters: Kingdom of Saudi Arabia (KSA)
🎯 Podcast platform Podeo raised $5.4 million.
Podeo, which allows creators to monetise their content through their end-to-end platform, has raised $5.4 million in Series A funding round, led by Oraseya Capital. Ibtikar Fund, Cedar Mundi Ventures, Samarium, iSME and Razor Capital also participated in the investment round.
Transaction Type: Investment
Investors: Oraseya Capital, Ibtikar Fund, Cedar Mundi Ventures, Samarium, iSME, Razor Capital
Co-founders: Stefano Fallaha, Anthony Essaye, Mario Hayek
Headquarters: United Arab Emirates (UAE)
🎯 E-commerce platform Bazzar Gate raised $1 million.
Bazzar Gate, which provides a one-stop-shop drop-shipping e-commerce platform that includes a delivery system, banking system, and payment gateway, has raised $1 million from undisclosed investors.
Transaction Type: Investment
Investors: –
Co-founders: Mohammad Al Mutawa
Headquarters: Kuwait
🎯 Event planning platform Mila Celebrations raised $227.000.
Mila Celebrations, which offers a one-stop solution for organising events and celebrations, has raised $227.000 in pre-Seed funding round from angel investors.
Transaction Type: Investment
Investors: Angel investors
Co-founders: Muhammad Ghourbal
Headquarters: Kingdom of Saudi Arabia (KSA)
🎯 Game-based coupon platform Padash raised $125.000.
Padash, a platform for instant food and grocery delivery, has raised $125.000 in pre-Seed funding round from angel investors.
Transaction Type: Investment
Investors: Angel investors
Co-founders: Ahmed Jamal, Omer Sabah, Muhammed Yassein, Ahmed Bayiz
Headquarters: Iraq
🎯 B2B product platform Quantum raised funding.
Quantum, which allows advertisers to select their preferred publishers and purchase ad space directly, while also offering robust data analytics and ROI metrics to maximise campaign impact, has raised an investment in pre-Series A funding round from HearstLab.
Transaction Type: Investment
Investors: HearstLab
Co-founders: Omar Malaikah, Sara Bin Ladin
Headquarters: Kingdom of Saudi Arabia (KSA)
Other News of the Week:
📌 Bokra and the Canadian International College (CIC) have jointly launched a $207.000 fund to back Egyptian students aspiring to become entrepreneurs.
📌 Entlaq has partnered with Savannah, a Sudanese incubator, to support Sudanese migrants and refugees entrepreneurs in Egypt.
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