Weekly Startup Ecosystem Overview in the Middle East and North Africa (MENA) / June 6 - 13

Last week, there were 10 startup investments in the MENA between June 7 - 13:

Investments:?

4 United Arab Emirates (UAE), 3 Egypt, 1 Kingdom of Saudi Arabia (KSA), 1 Kuwait, 1 Iraq

Sectors Received Investments:

1 Construction

1 Real Estate

1 Financial Services

1 Hospitality

1 Banking

1 Education

1 Travel

1 Broadcasting & Podcast

1 Health Care & Pharmaceutical

1 E-Commerce

News of the Week

?? AI powered contech platform Tenderd raised $30 million.

Tenderd, which provides customers with AI-generated insights to increase asset utilisation and reduce emissions, targeting heavy industries such as construction and logistics, has raised $30 million in Series A funding round. The investment was led by A.P. Moller Holding, with participation from Quadri Ventures , Saurya Prakash, Wa’ed Ventures , Nakhla Ventures, SOMA Capital and Liquid 2 Ventures .

Transaction Type: Investment

Investors: A.P. Moller Holding, Quadri Ventures, Saurya Prakash, Wa’ed Ventures, Nakhla Ventures, SOMA Capital, Liquid 2 Ventures

Co-founders: Arjun Mohan

Headquarters: United Arab Emirates (UAE)

?? Digital real estate investment platform Stake raised $14 million.

Stake, a digital real estate investment platform that provides options for income-generating properties in Dubai, has raised $14 million in Series A funding round, led by Middle East Venture Partners (MEVP) , Wa'ed Ventures , Mubadala and Republic also participated in the investment round.

Transaction Type: Investment

Investors: MEVP, Wa'ed Ventures, Mubadala, Republic

Co-founders: Rami Tabbara, Manar Mahmassani, Ricardo Brizido

Headquarters: United Arab Emirates (UAE)

?? Financial consulting platform Sahl raised $6 million.

Sahl, a bill payment platform that allows users to recharge prepaid cards, has raised $6 million in Series A funding round, led by Ayady for Investment and Development . Egypt Pay, Delta Electronic Systems and E-Finance also participated in the investment round.

Transaction Type: Investment

Investors: Ayady for Investment and Development, Egypt Pay, Delta Electronic Systems, E-Finance

Co-founders: ?Ahmed Othman, Ibrahim Assal, Abullah Assal

Headquarters: Egypt

?? Hospitality platform Qstay raised $4.6 million.

Qstay, which operates as a virtual hotel brand with 200 units. It also provides digital app-based access to nearby pools, beaches, gyms and spas for its guests staying in beachfront properties, has raised $4.6 million in pre-Series A funding round.

Transaction Type: Investment

Investors: -

Co-founders: Artur Khayrullin, Ekaterina Rogozhina, Alec Fesenko, Natalya Fesenko

Headquarters: United Arab Emirates (UAE)

?? Digital payroll and mobile banking services platform Now Money raised $4 million.

NOW Money, which offers digital payroll and mobile banking services focused on financial inclusion, has raised $4 million in equity funding round.

Transaction Type: Investment

Investors: Mark Nutter, Nicolas Andine

Co-founders: Ian Dillon, Katharine Bud

Headquarters: United Arab Emirates (UAE)

?? Edtech platform Tahdir raised $270.000.

Tahdir, which offers tools to automate daily school and educational management processes, contributing to enhancing the educational experience, has raised $270.000 in pre-Seed funding round from a group of angel investors.

Transaction Type: Invest ment

Investors: Angel investors

Co-founders: Mohammed Al-Doukhi, Khalil Al-Haid

Headquarters: Kingdom of Saudi Arabia (KSA)

?? Traveltech startup Waves raised funding.

Waves, an online marketplace for booking sea trips, marine activities and chalets, has raised funding from BNK Capital and Aujan Enterprises .

Transaction Type: Investment

Investors: BNK Capital, Aujan Enterprises

Co-founders: Abdulrahman Al-Sadoun, Sulaiman Altunaib

Headquarters: Kuwait

?? Podcast production startup The Potcast Productions?raised funding.

Potcast, which creates 15 diverse programmes tailored to various target demographics, has raised an investment in pre-Seed funding round from Innovative Media Productions (IMP) and Ahmed Tarek Khalil.

Transaction Type: Investment

Investors: Innovative Media Productions (IMP), Ahmed Tarek Khalil

Co-founders: Islam Adel, Kareem Nada

Headquarters: Egypt

?? Healthtech startup i'SUPPLY raised funding.

i‘SUPPLY, which aims to digitise the pharmaceutical business by providing a one-stop-shop solution to quickly predict and overcome supply chain disruptions, has raised an investment in pre-Series A funding round from Disruptech Ventures , OneStop Capital , Axian Investment CVC and Egypt Ventures .

Transaction Type: Investment

Investors: Disruptech Ventures, OneStop Capital, Axian Investment CVC, Egypt Ventures

Co-founders: Ibrahim Emam, Malek Sultan, Moustafa Zaki

Headquarters: Egypt

?? E-commerce platform Orisdi raised funding.

Orisdi, which offers a range of products across various verticals including perfumes, cosmetics, appliances, stationery and electronics, has raised funding from Al Sharqiya TV Group, Iraq Venture Partners (IVP) , Amar Shubar, Nour Sabri, Mazin Yaseen, Mohammed Faraj, Rayya Al Zubaydi, Naveed Pasha, and Ahmed Al Kiremli and other investors.

Transaction Type: Investment

Investors: Al Sharqiya TV Group, Iraq Venture Partners (IVP), Amar Shubar, Nour Sabri, Mazin Yaseen, Mohammed Faraj, Rayya Al Zubaydi, Naveed Pasha, and Ahmed Al Kiremli, other investors

Co-founders: Ahmed Al Kiremli, Hala Usama

Headquarters: Iraq

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