The Ocean impact-focused accelerator by OceanHub Africa has selected one South African and five Nigerian startups as its 2022 cohort.
MENA startups raised USD 173 million last month as investment levels continue to fall in 2022, according to WAMDA and Digital Digest.
Elevatus raises funds with support from Global Ventures, Wa’ed Ventures and the Oman Technology Fund Venture.
erad, a Saudi-based fintech, gains support from regional investors to provide growth capital for regional online businesses.
Endure Capital, an Egyptian venture capital firm, has completed the first close of its new fund that aims to invest in early-stage startups across Africa.
liwwa gains support from international and regional investors as smaller MENA markets see increasing activity.
Fintech accounts for 23% of VC investments in the region since 2020, according to the MENA Data Insight Report from GPCA.