Crunchbase released its ‘50 Hot Tech Companies‘ list on June 20 – inculcating startups filtered on the basis of the following criteria:
Funding raised between $5 million to $20million in first half of 2019 and not exited via IPO or acquisition.
While the list is dominated by US-based startups, followed by India; but the good thing is, 4 startups from MENA region, one from Dubai and three from Israel also made it to the list.
JOIN US TO STAY UPDATED ON YOUR FAVORITE MESSENGER APP!
Here’s to the list of MENA-based startups listed in Crunchbase’s 50 Hot Tech companies 2019 list.
ⓘ Interesting Read: Startup Glossary – 40+ Startup Terms Every Startup Founder & Entrepreneur Should Know
Disclaimer: These startups have been listed in the descending order of funding amount raised by these startups till the date of publication of this article.
#1. Aleph Farms – HaMerkaz, Israel
Aleph Farms is shaping the future of food by producing cell-grown meat that resembles free-range meat. Aleph Farms is a startup co-founded in 2017 by Israeli food-tech incubator, The Kitchen.
▸ Category: Food and Beverage, Food Processing
▸ Date Founded: 01 Feb, 2016
▸ Founders: Didier Toubia
▸ Total funding: $14.4 Million
▸ Key Investors: VisVires New Protein
▸ Platform: aleph-farms.com
#2. Flytrex – Tel Aviv, Israel
Flytrex Aviation offers tailored, end-to-end drone delivery solutions based on its proprietary cloud technology.
▸ Category: Delivery, Drones, Robotics, Software
▸ Date Founded: 01 Nov, 2013
▸ Founders: Amit Regev, Yariv Bash
▸ Total funding: $11 Million
▸ Key Investors: Benhamou Global Ventures, Armada Investment AG, VI Partners AG
▸ Platform: flytrex.com
#3. QEDIT – Tel Aviv, Israel
Launched in 2017 at TechCrunch Berlin in 2017, QEDIT uses zero-knowledge blockchain to keep client data private and at the same time share proofs about these data with partners and competitors in the ecosystem.
▸ Category: Blockchain, Information Technology, Network Security
▸ Founded: 2016
▸ Founders: Aviv Zohar, Jonathan Rouach, Ruben Arnold
▸ Total funding: $10 Million
▸ Key Investors: MizMaa Ventures
▸ Platform: qed-it.com
#4. LUNCH:ON – Dubai, UAE
Lunch:on is an online platform that offers delivery services to corporations and their employees. Dubai-based, Lunch:on partners with local restaurants to offer curated meals at discounted prices with free delivery.
▸ Category: E-Commerce, Food and Beverage, Food Delivery, Food Processing, Information Technology, Location Based Services
▸ Founded: 01 Feb, 2016
▸ Founders: Dana Baki, Mohammad Al Zaben
▸ Total funding: $6 Million
▸ Key Investors: Global Ventures, Wamda Capital, Shorooq Investments,
▸ Platform: lunchon.ae
Also read: 7 Indian Startups that made it to Crunchbase: 50 Hot Tech List
Want to explore the whole list of 50 startups? Here it is ➜
ⓘ As part of our ongoing support for startups and SMEs, LAFFAZ Media publishes feature and resource articles that may include references and links to external websites. These inclusions are selected at our editorial discretion to provide valuable information to our readers. LAFFAZ Media does not control, endorse, or assume responsibility for the content or practices of external websites. For more details, please refer to our Terms and Conditions.
