Weekly Startup Ecosystem Overview in the Middle East and North Africa (MENA) / August 4 - 10

Last week, there were 6 investments and 1 secondary transactions in the MENA between August 4 - 10:

Investments:

3 Kingdom of Saudi Arabia, 2 Egypt, 1 Palestine

Acquisition:

1 Egypt

Sectors Received Investments:

1 Cyber Security

1 EdTech

1 Human Resources

1 E-Commerce

1 Artificial Intelligence

1 Fintech

News of the Week

?? Cyber security services provider Buguard raised funding.

Buguard, which offers offensive security services that protect its clients against dark web cyber attacks, has raised $500.000 in Seed funding round. The investment round was led by A15 along with other angel investors.

Transaction Type: Investment

Investment Amount: $500.000

Investors:?A15, angel investors

Co-founders: Youssef Mohamed

Country:?Egypt

?? Educational management solution platform YaSchools raised funding.

YaSchools, an educational management solution platform that provides big data of information about schools and educational activities, has raised $600.000 in Seed funding round from a group of angel investors.

Transaction Type: Investment

Investment Amount: $600.000

Investors:?Angel investors

Co-founders: Mohamed Zohair, Ahmed Mahdy, Yasser Nasr-Aldin

Country:?Kingdom of Saudi Arabia (KSA)

?? AI-powered recruitment platform Talents Arena raised funding.

Talents Arena, an ai-powered technical hiring platform that helps organisations hire talent by fully automating the recruitment life cycle, has raised $750.000 in pre-Seed funding round from UI Investments, alongside several Saudi and regional angel investors.

Transaction Type: Investment

Investment Amount: $750.000

Investors:?UI Investments, Saudi and regional angel investors

Co-founders: Aya Elgebeely

Country:?Egypt

?? E-commerce platform Golden Scent raised funding.

Golden Scent, fragrances e-commerce platform serving the GCC region, has raised an undisclosed revenue-based investment from Tenami Capital.

Transaction Type: Investment

Investment Amount: -

Investors:?Tenami Capital

Co-founders: Malik Al Shehab, Ronny Froehlich

Country:?Kingdom of Saudi Arabia (KSA)

?? AI-powered data training startup DataQueue raised funding.

DataQueue, an ai-powered data training startup that allows organisations to have access to a broad range of annotated and labelled data for training their AI models, has raised an undisclosed amount from the Ibtikar Fund.

Transaction Type: Investment

Investment Amount: -

Investors:?Ibtikar Fund

Co-founders: Bashir Alsaifi

Country:?Palestine

?? Fintech startup Wadaie raised funding.

Fintech Wadaie, has raised an undisclosed amount in pre-Seed funding round. The investment round was led by RZM Investments, along with Bunat Ventures and other Saudi angel investors.

Transaction Type: Investment

Investment Amount: -

Investors:?RZM Investments, Bunat Ventures, Saudi angel investors

Co-founders: Abdullah Alandas, Rayan Altuwayjiri, Abdulrahman Alhawas

Country:?Kingdom of Saudi Arabia (KSA)

?? Grinta acquires Auto-Cure.

B2B pharmaceutical marketplace Grinta has acquired e-commerce platform Auto-Cure.

Transaction Type: Acquisition

Investors:?Grinta

Co-founders: Mohamed Rezk, Amr Kamel

Country:?Egypt

Other News:

?? Seed and early-stage venture capital firm Flat6Labs has launched the "Makers" ConTech Accelerator Program in partnership with SIAC and Dar Al-Handasah. The program will provide select startups with up to $100.000 in funding per startup.

?? French e-commerce company has expanded its operations in Egypt.?

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