Here's the MENA startup news you missed out on this week... 👇
🧬 BioSapien (🇦🇪 UAE), a biotech startup that has developed MediChip, a 3D-printed drug delivery platform designed for targeted chemotherapy, has extended its pre-Series A round to $7 million, with new investment from Golden Gate Ventures’ MENA Fund.
🚀 Founded in 2018 by Khatija A.
🌾 Maalexi (🇦🇪 UAE), an agri-focused fintech, has secured a $3 million debt finance facility from Citi. Maalexi enhances cross-border agri-trade through its AI-powered risk management platform.
🚀 Founded in 2021 by Dr Azam Pasha and Rohit Majhi
🏡 Silkhaus (🇦🇪 UAE), a proptech specialising in short-term rentals, has closed a seven-figure growth round led by Nuwa Capital and Oraseya Capital, with participation from Impulse International Pvt. Ltd, Yuj Ventures, Nordstar, and other family offices. This follows a multi-million-dollar pre-Series A from Partners for Growth.
🚀 Founded in 2021 by Aahan Bhojani
🚚 Fincart.io (🇪🇬 Egypt), a logistics platform offering streamlined delivery solutions for e-commerce SMBs, has raised an undisclosed pre-Seed round led by Plus VC (+VC), with participation from Plug and Play, Orbit Group Startups, Jedar Capital, and other regional investors.
🚀 Founded in 2023 by Mostafa Elmasry and Nihal Ali
💬 Chatberry شات بري (🇸🇦 KSA), a SaaS platform in MENA’s conversational commerce market, has raised a $267K pre-Seed round led by Iwan Ventures to enhance its AI-driven, compliance-first WhatsApp marketing and automation tools.
🚀 Founded in 2024 by Ali Karout
🏠 Nabeeh (🇸🇦 KSA), an e-services platform, has raised an undisclosed investment from Ibtikar Fund. Nabeeh provides an online platform for booking housekeeping, cleaning, maintenance, repairs, and renovation services.
🚀 Founded in 2021 by Saber Samara and Fawaz Samara
🎓 Uplevel (🇸🇦 KSA), an edtech startup connecting companies with professional coaches for employee training, has raised an undisclosed pre-Seed round from a group of angel investors.
🚀 Founded in 2024 by Idris Al shayea and Hamad AlLuhaidan
🎟️ FOZ | فوز (🇸🇦 KSA), a digital coupon-based marketing platform for businesses, has raised a $530K pre-Seed round.
🚀 Founded in 2022 by Abdullah Ashalahi
🏦 EasyBank (🇹🇳 Tunisia), a fintech startup offering digital banking solutions for the underbanked and diaspora, has secured a $390K investment from an international investor to support expansion into France and the MENA region.
🚀 Co-founded in 2023 by Mohamed khelifi
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