MENA startups raised $277 Mn in Q1 2020 – Top funding deals
MENA-based startups raised $277 million VC funding in the first quarter of 2020. Top funding deals came for Kitopi, Vezeeta, SellAnyCar, Nana, iMile & Okadoc
Funding
California’s Wellpay raises $3.8 Mn from 8vc, Montage Ventures, Mubadala & more
California's fintech platform for healthcare industry has raised $3.8 million from 8vc, Montage, Mubadala to accelerate its public launch amid COVID-19.
Dubai’s Hotel Data Cloud bags $350K funding in a seed round
Dubai, UAE headquartered Hotel Data Cloud (HDC) bags $350K in a seed funding round from some regional and international investors.
Eventtus raises funds to empower event organizers amid COVID-19 with its new virtual events avenue
Eventtus with an exclusive partnership with Sawarly, a media company to modify their app to support virtual events for both web and mobile.
ADIO invests $100 Mn in 4 companies to boost agritech ecosystem
Abu Dhabi Investment Office (Adio) has invested $100 million (Dh367m) to bring four agriculture technology companies to the emirate
Swiggy bags another $43 Mn funding from China’s Tencent, Samsung & more
India's online food delivery unicorn Swiggy on March 6 raised $43 million from its existing backer China's Tencent, Samsung, Mirae Asset Capital Markets...
Dubai-based fintech startup Mamo Pay raises $1.5 Mn from Global Founders Capital
UAE-based Mamo Pay, a peer-to-peer payments app on Tuesday (April 7) raised $1.5 million in a seed funding round led by Global Founders Capital
UAE-based agritech startup Pure Harvest raises $20.6 Mn $100 Mn commitment from Wafra
Wafra, which is Kuwait's national investment company today invested $20.6 million in a Series A round of Pure Harvest and has committed up to $100 million
ZON – UAE’s first decentralized mobile e-commerce startup closes region’s largest-ever seed funding round at $8 Mn
ZON, the region's first fully decentralized mobile-only e-commerce platform on Thursday, March 26 closed a seed funding round of $8 million
Saudi’s online grocery platform Nana scoops $18 Mn from STV, MEVP, Wamda & more
Nana today raised a whopping sum of $18 million in a Series B round led by Saudi Technology Ventures (STV) and Middle East Venture Partners (MEVP)
2019 Year in Review – MENA Startup Ecosystem stood at $704 Mn VC funding
The MENA startup ecosystem attracted a total venture capital of $704 million across 564 startups where UAE, Egypt and KSA topped the list.
ElCoach – Cairo-based fitness startup raises six-figure seed funding
Cairo, Egypt-based fitness startup ElCoach raised six-figure in a seed funding round on 18 March led by Endure Capital, 500 Startups, Wise Capital