Regional startups raise funding rounds amid activity flurry
Startups in the Middle East and North Africa are seeing increased funding, and the last week has been particularly active for investment.
Saudi Arabian companies have been notable standouts, with logistics startup PIESHIP obtaining funds from SEEDRA Ventures, Nama Ventures, and angel investors to boost their tech-driven delivery solutions.
Saudi healthtech PhysioHome also raised seed capital to expand its at-home rehabilitation services. Furthermore, Saudi data company Basserah has merged with UAE’s AI firm nybl to enhance their market presence.
In the UAE, the Web3 gaming platform Exverse raised $3 million to advance their high-quality shooter games and market growth, mainly in Asia-Pacific.
GameCentric, another UAE gaming startup, secured $1.5 million from angel investor Bilal Merchant to widen its reach and improve its platform.
Additionally, UAE's cloud kitchen startup The Cloud obtained $12 million to enter new European markets and grow its presence to over 200 locations worldwide.
Lastly, the Dubai Future District Fund backed Partech Africa II's $300 million fund to invest in African startups across various growth stages, revealing the high potential seen in Africa's tech scene.
Saudi healthtech PhysioHome also raised seed capital to expand its at-home rehabilitation services. Furthermore, Saudi data company Basserah has merged with UAE’s AI firm nybl to enhance their market presence.
In the UAE, the Web3 gaming platform Exverse raised $3 million to advance their high-quality shooter games and market growth, mainly in Asia-Pacific.
GameCentric, another UAE gaming startup, secured $1.5 million from angel investor Bilal Merchant to widen its reach and improve its platform.
Additionally, UAE's cloud kitchen startup The Cloud obtained $12 million to enter new European markets and grow its presence to over 200 locations worldwide.
Lastly, the Dubai Future District Fund backed Partech Africa II's $300 million fund to invest in African startups across various growth stages, revealing the high potential seen in Africa's tech scene.