Venture Builder Weekly
GrowValley
GrowValley is an entrepreneurship ecosystem that invents, invests, build, and manage game-changing ventures at scale.
Welcome to the GrowValley Newsletter! ??
Your go-to source for captivating news and insightful perspectives in the realm of venture building and innovation. ????
In this edition, we delve into the developing startup landscape in the MENA region, We cover In the tech highlights of the week: from investments to new innovations, we uncover it all.
As the world undergoes seismic shifts, it's crucial to stay ahead of the curve and navigate through the noise. Join us on this exhilarating journey as we uncover the boundless possibilities that lie ahead in the dynamic world of GrowValley. ????
Without further ado, let's dive into the latest news and explore the captivating stories that await!
?? MENA Startup Buzz: Funding, Acquisitions, and Unveiling New Avenues ??
Greetings, trailblazers of the startup realm ?
It's time to unpack the exhilarating whirlwind that was July 2023, where innovation collided with investment and acquisition deals reshaped the landscape. Venture Builder Weekly presents your exclusive rundown on the month that was:
?? Funding Frontiers: In July, MENA startups raked in a commendable $95 million across 31 deals, paving the path for progress. While this marked a slight dip from last year's $105 million, it's essential to note the 167% surge month-on-month from June's $35.6 million. A tale of numbers that reveals a dynamic market constantly evolving. ????
?? A Tale of Sectors: The mobility sector roared to the forefront as the top-funded sector, courtesy of One Moto's impressive raise. However, it was the foodtech domain that truly sizzled, snagging a juicy $17 million across five deals. Fueled by the appetite for enterprise SaaS solutions in the F&B sector, this sector is definitely one to watch. ????
?? Acquisitions that Reshaped: Amidst the funding fervor, acquisition deals were inked that reshaped the startup narrative. HyperPay, born in Jordan and thriving in Saudi Arabia, secured Sanad Cash, showcasing the region's penchant for strategic mergers. EDGE Group, under Abu Dhabi's wings, spread its wings further by acquiring OrxyLabs. And who could forget Germany's Delivery Hero snapping up Saudi Arabia's HungerStation for a staggering $297 million! ????
?? Agthia's Ambitious Leap: Agthia Group's $54 million foodtech-focused fund launch is a testament to the region's unwavering appetite for innovation. As this fund spreads its wings, it promises to fuel the next wave of culinary evolution, backed by the enthusiasm of visionary investors. ????
?? Egypt's Accelerator Endeavor: The spotlight shines on Egypt as a new accelerator programme beckons for accelerator and incubator managers. A testament to the nation's thriving startup ecosystem, this initiative is poised to nurture the very catalysts of innovation, fostering a future that gleams with potential. ???????
?? Gender Dynamics: The funding arena reflects a mixed bag of gender dynamics. While female-founded startups continue to strive for equal footing, mixed-gender founding teams flexed their muscle, securing an impressive $12 million across six deals. Yet, it's undeniable that the journey ahead to gender parity is a road yet untraveled. ?? ???? ??
?? Investor Insights: The investing landscape danced with diversity. US-based investors stamped their mark in 10 deals, while Egypt, UAE, and Saudi Arabia-based investors forged their path in eight and seven deals respectively. A testament to the global allure of the region's burgeoning startup magic. ????
?? The Hidden Champions: Eight startups chose to keep their funding cards close to their chests, with undisclosed amounts. Among them, Dharma, Kaco, Oumla, and Menthum conservatively grabbed $100,000 each, while Tenderd confidently pocketed $1 million. The mysterious allure of the undisclosed continues! ??? ♀???
?? Want to read more? Check out the full [article]
Tech Tales from the UAE ??
Dive into our "Tech Tales from the UAE" section, where we unveil the latest tech sagas reshaping the sands of innovation:
?? Mubadala's Global Digital Dance: Abu Dhabi's powerhouse, Mubadala, is orchestrating a digital symphony with its strategic investment in Aligned Data Centres! ?? As a minority partner, Mubadala is weaving a web of digital prowess, propelling the evolution of data centers into the realm of AI-readiness. ???? This strategic stride amplifies Mubadala's digital footprint and redefines the landscape of data innovation. A masterstroke in the grand mosaic of technology! ??
??? e& Universe: A Metaverse Marvel: Brace yourselves for an immersive odyssey as e& unfolds the first metaverse in the region! ???? Step into a world where virtual homes, concerts, and sporting events await your exploration. With e& and HTC's VIVERSE tech, the boundaries of reality blur, unveiling a realm of limitless experiences. ????? From pixel to possibility, e& is paving the path to an awe-inspiring digital universe.
?? Sheikh Hamdan's AI Vision: Dubai's visionary Crown Prince, Sheikh Hamdan, casts a luminous spotlight on the 'Dubai Assembly for Generative AI'! ???? In a high-powered convergence of AI luminaries and thought leaders, Dubai is poised to sculpt the future of generative AI. With October on the horizon, Dubai's ambition for AI excellence takes center stage, propelling the city's stature in the AI frontier. A symposium of innovation awaits! ????
?? ♀? Smart Crossings with a Dash of AI: Dubai Silicon Oasis is rewriting the script of urban mobility with AI-powered pedestrian crossings! ???? ♂? A harmonious blend of AI and urban infrastructure is enhancing pedestrian safety and convenience. Dubai Silicon Oasis elevates the cityscape, merging technology and urban living seamlessly. Applause to the guardians of smart city evolution! ?????
领英推荐
?? Crafting Your Startup Symphony: The Sequencing Framework
In the captivating dance of entrepreneurship, there's no one-size-fits-all playbook, but fear not, for there are guiding lights to pave your way. As you take your first daring steps, here's a compass to navigate the early-stage landscape.
?? Know Thyself, Founders: The first brushstroke on your canvas of decision-making is self-analysis. Take a moment to embrace your strengths and acknowledge your weaknesses. Are you the sector virtuoso? Do you carry a passionate torch for a specific problem? Are you the lone warrior or thrive in a collaborative ensemble?
?? Curating Your Dream Team: Now that you've introspected, it's time to orchestrate the ensemble that will breathe life into your startup symphony. Define the roles in your startup orchestra. Seek enablers who fill your blind spots and leaders who amplify your strengths. Are they aligned with your vision? Do they resonate with the problem you're set to conquer?
?? Customer Whispers: The Guiding North Star: Your startup's essence crystallizes around the customer. Immerse yourself in their world. Can you envision conversations at 4 am, even in their stormiest mood? Does the problem ignite a relentless spark within you? Let their needs forge your path.
?? Passion Ignites Innovation: The magic of entrepreneurship lies in the relentless pursuit of a burning problem. Can you see your mind wandering towards solutions even when the clock stands still? Are you willing to dive into the sea of ideas, even when the tides are calm?
?? Navigating the Uncertainty: In this labyrinth of innovation, the North Star might flicker, and challenges might rise like tempestuous waves. But armed with self-awareness, a dedicated crew, and a burning problem to solve, you are well-equipped to navigate the stormy waters.
Join Our Initiatives for Founders ?? ?? ♂??:
?? Founders Space: Connect, Collaborate, Thrive! Connect with like-minded founders, share insights, and ignite collaboration to fuel your entrepreneurial journey. Embark on this exciting adventure by joining our community at Founders Space. Unlock the limitless possibilities of entrepreneurship. ??? [Sign up here]
??? GV Club Advisory Sessions: Navigating Challenges Together At GrowValley we're committed to supporting the startup community on their journey to success. Our GV Club offers free advisory sessions, guiding founders through the challenges of building their ventures. Join us and embrace the power of collective wisdom. ???? ?? [Sign up here]
Remember, dear founders, there's no one "right" path, but there is an authentic path carved by your vision and decisions. As you embark on this thrilling journey, know that the early-stage maze holds its enigmatic treasures for the determined and the brave. ?????
????Curious Cats ??
?? The Pedestal Paradox: Copying the Masters ??
Amidst the allure of acclaimed companies and CEOs, we ponder: Does their advice truly underpin their success? Is their guidance a seamless match for your ventures? Could the landscape have evolved, rendering their wisdom outdated? Join us as we untangle these threads of success and curiosity. ????
?? Tweet of the week ????
Are you looking to Complete the Puzzle for Your Tech Startup? If the answer is YES, don't wait! Join our vibrant founder community today and let's shape the future together. ????
Stay tuned for our next newsletter as we continue to bring you captivating insights, innovative ideas, and the latest happenings in the world of startups and investments. Thank you for joining us on this journey of discovery and inspiration! ?????