fbpx
Read Watch
Startups

Eksab Raises $500,000 to Reach Millions of Football Fans

by WAYA Staff - Nov 24, 2020
Eksab Raises $500,000 to Reach Millions of Football Fans

Eksab, the leading Daily Fantasy Sports (DFS) platform in the Middle East and Africa, announced an investment of $500,000 from 4DX Ventures as well as other strategic investors within the international sports and entertainment ecosystem. 

“Daily Fantasy Sports and monetized competitions are a multi-billion dollar a year industry in the US,” said Co-Founder and CEO Aly Mahmoud. “Our goal is to become the premier sports entertainment company in the MEA region by offering exciting Fantasy Sports competitions as well as highly engaging local sports content.” 

With over 1 billion football fans across the Middle East and Africa, Eksab’s goal is to make every match more exciting. Users sign up to the platform at www.yallaeksab.com, join both free and paid competitions, make predictions on live international football games, collect points based on the accuracy of their predictions and then get rewarded with prizes or cash. “We’re bringing the FanDuel and DraftKings model to the world’s largest football market,” continued Aly Mahmoud. 

With the investment from 4DX Ventures, Eksab plans to scale its product to the millions of football fans in the region with the goal of launching its first paid competitions over the next year. Peter Orth, Partner at 4DX shared – “We see the region as one of the most exciting and underserved markets for a sports entertainment platform. We’ve been really impressed with Aly’s vision for a next-generation and technology-driven platform that is also highly tailored to local fans and their preferences. We’re excited to be on this journey with Aly and the rest of the Eksab team.” 

“Our ultimate goal is to provide an unmatched daily source of entertainment, engagement and content for the region’s football fans” highlighted Aly Mahmoud. 

“There has never been a more exciting time to be a football fan in the Middle East and Africa. Over the next year, we plan to work with a select group of partners to make the experience even more immersive. We’re excited to have 4DX with us on this journey,” added Aly Mahmoud.

If you see something out of place or would like to contribute to this story, check out our Ethics and Policy section.

Recommended stories

Saudi e-commerce enabling platform Salla raises $8.5 million in a Series A funding round led by STV

Makkah-based Salla allows anyone to easily set up and manage an e-commerce store in Arabic, achieving SAR 2 billion (~$533 million) in GMV – the highest in the MENA region.
by WAYA Staff - Nov 24, 2020
Saudi e-commerce enabling platform Salla raises $8.5 million in a Series A funding round led by STV

Salla, MENA’s leading and fastest-growing e-commerce enabling platform, today announced it has closed an $8.5 million (~SAR 32 million) Series A funding round led by STV. The round also included participation from existing investors Raed Ventures and Vision Ventures. The...

Read More

Quiqup Raises $5.5 Million in a Series B Funding Round

by WAYA Staff - Nov 24, 2020
Quiqup Raises $5.5 Million in a Series B Funding Round

Quiqup, the UAE-based on-demand and same-day delivery tech startup, has raised over $5.5 million in its latest Series B funding round. The round was led by Delivery Hero and supported by strategic shareholders, Cedar Mundi, JOBI Capital, and Transmed. Launched in 2017, Quiqup was established as a...

Read More

SAWTIK: New Spotify Initiative To Support Female Arab Artists

The streaming company's new initiative aims to support female Arab artists in the Middle East and North Africa
by WAYA Staff - Nov 24, 2020
SAWTIK: New Spotify Initiative To Support Female Arab Artists

Spotify has launched SAWTIK, a new initiative to support Arab women in music. It aims to bring more attention to emerging female Arab artists from record labels and fans alike. “Our journey to create a more inclusive creative ecosystem in...

Read More

Yahaal Secures $27 Million in Series A Funding

by WAYA Staff - Nov 23, 2020
Yahaal Secures $27 Million in Series A Funding

Yahaal, a Kuwait-based E-commerce platform that specializes in providing a wide range of children and baby products, has announced a $27M Series A funding round from Seeds Partner and AlMutamaiz International Company. Yahaal App is a marketplace for newborn, baby, and kid’s products. IT...

Read More

Ibnsina Accused of Misusing 3elagi by the Pharmacists Syndicate

by Nour El Khazindar - Nov 22, 2020
Ibnsina Accused of Misusing 3elagi by the Pharmacists Syndicate

The Egyptian Pharmacists Syndicate has accused Ibnsina Pharma of misusing 3elagi, the healthtech startup which it acquired major stakes in last week. The syndicate accused Ibnsina of selling its products directly to consumers through 3elagi’s app. The Pharmacists Syndicate gave...

Read More

$150,000 Will Get You To Space From The UAE Or Saudi Arabia

EOS-X Space has set its sights on space and plans to use balloons to send 10,000 people there by 2030
by WAYA Staff - Nov 22, 2020
$150,000 Will Get You To Space From The UAE Or Saudi Arabia

EOS-X Space is a Spanish startup that plans to send people to space from the Middle East using helium-powered balloons. The startup has a base in Saudi Arabia and wants to establish a space hub in the UAE. The company...

Read More

ExpandCart Raises $2.5 Million in Series A Funding

by WAYA Staff - Nov 22, 2020
ExpandCart Raises $2.5 Million in Series A Funding

ExpandCart, an E-commerce and retail platform in the Middle East, announced that it has raised $2.5 million in a Series A round. The round was led by Sawari Ventures with the participation of Agility Ventures, Graphene Ventures, and two angel...

Read More

Sony Lights Up Burj Khalifa To Mark PS5 Launch

Sony has lit up major regional landmarks to mark the launch of the PS5 in the Middle East
by WAYA Staff - Nov 19, 2020
Sony Lights Up Burj Khalifa To Mark PS5 Launch

To mark the launch of the PS5 in the Middle East, Sony has lit up major regional landmarks in the United Arab Emirates and Saudi Arabia. In the UAE, Sony lit up the Burj Khalifa, the world’s tallest building. During...

Read More

How did UAE’s exports grow during the pandemic?

UAE exports witnessed a growth of 6% in 8 months, according to the Ministry of Economy.
by WAYA Staff - Nov 18, 2020
How did UAE’s exports grow during the pandemic?

The UAE saw a growth in its export rates by 6% during the period between January and August 2020, compared to the same period last year 2019, reports Al-Bayan newspaper. The contribution of non-oil exports to the country’s total non-oil...

Read More

Argineering Raises $200,000 through its Kickstarter Campaign

by WAYA Staff - Nov 18, 2020
Argineering Raises $200,000 through its Kickstarter Campaign

Argineering, the award-winning tech company, raised more than $200,000 through their Kickstarter campaign exceeding their funding goal by over 400%, making them one of the most-ever funded startups on a crowdfunding platform in the MENA region, and the most-funded in...

Read More