Fintech took the lion’s share of startup funding, but startups across the board saw growth and other sectors are on the rise.
Egyptian healthtech startup Yodawy has raised USD 16 million in the first close of its Series B round from regional and international investors.
Gameball, a customer intelligence and marketing CRM, has announced that it has raised USD 3.5 million from regional and international investors.
Google for Startups will host a 12-week program starting in March to support selected female-led startups from across Africa.
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.
Cathedis, a Moroccan logistics startup has received funding from Afrimobility and CDG Invest.
Tabby, the region’s leading shopping and financial services app, is valued at USD 660 million and targets further growth.
African startups face a range of challenges as the global tech industry endures an ongoing slump and the funding pool is reduced.
Millesima Technologies, a Tunisian startup, has raised the funds to develop its video-on-demand solution.
MENA startups raised USD 125 million in the last month of 2022, taking the year’s total investment to approximately USD 3.6 billion.