Browsing: MENA Startups
Chari, a Moroccan FMCG distribution startup, has launched a chain of B2B stores to address the needs of Moroccan grocers.
MENA startups raised USD 760 million in February, according to a report by Wamda and Digital Digest.
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.
MENA startups have raised USD 646 million over 69 deals in October, taking 2022’s total raised to USD 3 billion over 551 deals, according to a report by Wamda and Digital Digest.
MENA startups: October sees notable deals across Egypt, Saudi and the UAE
MENA startups from Egypt, Saudi and the UAE stood out this October, with fintech, e-commerce and logistics standing out.
VentureSouq, an Egypt-based VC firm, has interests across the MENA region. Here we sit with Suneel Gokhale to discuss the firm’s take on the African market.
Elevatus, a recruitment and interviewing software startup, raises USD 10.5 million in funding
Elevatus raises funds with support from Global Ventures, Wa’ed Ventures and the Oman Technology Fund Venture.
MENA startups from across the region raised USD 378 million in August, a 260% increase in value, but the number of deals fell month-on-month. July saw investments of USD 105 million, the lowest amount in 2022.
AfricInvest Maghreb Private Equity Fund IV, administered by AfricInvest, a leading African investment platform, has invested USD 30 million in a Pre-Series B funding round in ArabyAds, a leading MENA region AdTech firm.
According to startup and investment platform Wamda, MENA region startups raised USD 176 million across 42 deals in May.