COREangels, an international community of angel funds and investors, has announced the launch of COREangels MEA, targeting early-stage startups in the Middle East and Africa.
Treepz, a Nigerian mobility startup, has launched operations in Kenya and announces investments of USD 1.2 million over the past year.
GrowthAfrica, a Kenya-based accelerator platform, has opened applications for its 2023 program and seeks cohorts from five states.
Fintech took the lion’s share of startup funding, but startups across the board saw growth and other sectors are on the rise.
Flat6Labs, a MENA-focused venture capital firm, has launched the Startup Seed Fund to support early stage startups in Saudi Arabia.
Tawseel, a Yemeni food delivery startup, has secured funding from Dubai’s Numu Capital and will scale its operations within Yemen.
MENA startups raised USD 3.94 billion in 2022 across 795 deals, according to startup platform Wamda. Smaller and later stage deals on the up.