Last week, there were 5 investments in the MENA between September 29 – October 5:
Investments:
2 Kingdom of Saudi Arabia (KSA), 1 United States, 1 Jordan
Bonus:
1 Egypt-based VC firm invests in a Senegal-based startup.
Sectors Received Investments:
2 Financial Services
1 Artificial Intelligence / PaaS
1 Human Resources
1 Artificial Intelligence / SaaS
News of the Week
🎯 Payment orchestration platform MoneyHash raised funding.
MoneyHash, which allows companies to build a payment stack that fits their needs, has secured new funding from Tom Preston-Werner, co-founder of GitHub, as part of an undisclosed seed financing round.
Transaction Type: Investment
Investors: Tom Preston-Werner
Co-founders: Nader Abdelrazik, Mustafa Eid, Anisha Sekar
Headquarters: United States (US)
🎯 Fintech startup Capifly raised $1 million.
Capifly, which offers rapid, non-dilutive finance to developing technology companies in exchange for yearly recurring revenue, has raised $1 million in pre-Seed funding round from Oasis500, BLDR Ventures, Joa Capital, Ahli Fintech, along with other angel investors from Jordan and KSA.
Transaction Type: Investment
Investors: Oasis500, BLDR Ventures, Joa Capital, Ahli Fintech, angel investors
Co-founders: Dunya Bashiti
Headquarters: Jordan
🎯 Deeptech startup Intella raised $3.4 million.
Intella, which offers real-time, on-demand market research for its business clients across diverse sectors, has raised $3.4 million in pre-Series A funding round, led by HALA Ventures and Wa’ed Ventures. Sanabil500, INSEAD’s alumni angel network and other investors also participated in the investment round.
Transaction Type: Investment
Investors: HALA Ventures, Wa’ed Ventures, Sanabil500, INSEAD’s alumni angel network, other investors
Co-founders: Nour Taher, Omar Mansour
Headquarters: Kingdom of Saudi Arabia (KSA) / Egypt
🎯 Human resources platform Jisr raised $30 million.
Jisr, a human resources management platform that offers HR solutions, time and attendance, reports, benefits and payroll services, has raised $30 million in Series A funding round from Merak Capital.
Transaction Type: Investment
Investors: Merak Capital
Co-founders: Mohammed Akkar
Headquarters: Kingdom of Saudi Arabia (KSA)
🎯 AI-based intelligence platform Lengo raised funding.
Egypt-based VC firm Acasia Ventures has led a pre-Seed funding round in Senegal-based ai-based intelligence platform Lengo. The investment round was co-led by Ventures Platform, with participation from P1 Ventures, Launch Africa, Voltron Capital and a number of other VCs and angel investors.
Transaction Type: Investment
Investors: Acasia Ventures, Ventures Platform, P1 Ventures, Launch Africa, Voltron Capital, other investors
Co-founders: Max Smith, Roger Xavier Macia, Ismaila Seck
Headquarters: Senegal
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