Browsing: investment

MENA startups raised USD 760 million in February, according to a report by Wamda and Digital Digest.

We take a look at some of the most notable funding announcements among MENA-region startups in February.

Tanzania and the UAE have held talks around strengthening trade and investment relations between the two countries.

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.

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.

Astra Tech, a UAE-based technology group, has fully acquired BOTIM, the MENA region’s leading VoIP platform.

InvestSky aims to make investing “inclusive, intuitive, and informed”. Following a successful pre-seed round, the UAE company is launching its platform.

African startups from Nigeria, Kenya, Egypt and South Africa accounted for 75% of the continent’s startup funding in 2022.