Funding

Saudi’s Penny Software secures $1.35 Mn seed funding from Wamda and others

Riyadh, Saudi Arabia-based SaaS startup, Penny Software on Monday raised $1.35 million seed funding from Wamda, Class 5 Global, and others.

Kuwait-based laundry marketplace platform JustClean, on Sunday raised $8 million in a series B round led by Faith Capital Holding.

Here’s to this week’s news roundup, featuring the top startup news and stories from MENA and India published on LAFFAZ from 14 to 20 September, 2020.

Alsaree3, a Baghdad, Iraq-based food delivery app and its sister company Al Zajel, have recently closed a 6-figure seed funding round

New York-based venture capitalist Endeavor Catalyst yesterday (16 September 2020) raised $134 million for its Fund III from Careem & others.

Delhi-based EkAnek on Monday raised $5.4 million (around INR 40 crore) in a Series A1 round led by UAE's Alpha Wave Incubation (AWI) Fund

Cairo, Egypt-based logistics startup Road Runner, on Monday (14 September 2020) raised a six-figure seed investment from several angel investors.

UK's BibliU, an edtech startup on Sunday (13 September 2020) raised $12 million in a Series A funding round from UAE-based Spartech Ventures.

Anubis Gaming, a Cairo, Egypt-based startup on Monday (14 September 2020) has raised $300K seed funding from a regional e-commerce group.

Cairo, Egypt-based Rology, an on-demand teleradiology platform has successfully raised $860K in a Pre-Series A funding round, led by HIMangel

Bengaluru-based QShala, owned by Walnut Knowledge Solutions has raised INR 2.7 crore from Rainmatter Capital, a Zerodha-backed fund.

Delhi NCR-based electric ride-hailing platform BluSmart Mobility Pvt Ltd has today raised $7 million in pre-series A funding round