Get to Know MENA’s Most Notable Startup Funding Rounds this March

Get to Know MENA’s Most Notable Startup Funding Rounds this March

This month was truly exceptional, MENA startups succeeded in raising investments totaling to more than $320 million with e-commerce and FinTech being at the forefront of the funding rounds.

This report will showcase the 10 most prominent rounds that took place in March 2022.

Tabby, UAE-based BNPL provider, came in top of the funding rounds this month with raising $54m in a series B round. Altibbi, MENA digital health platform, raised $44m also in a Series B round. AHOY, tech infrastructure company based in the UAE, raised $20m in its latest funding round.

Egypt’s Khazna, a FinTech super app, raised $38m in a Series A round. Lucky, Egypt-based cashback rewards FinTech complany, raised $25m in a series A round. Naqla, Egypt’s trucking technology platform and marketplace connecting truck owners with cargo companies, raised $10.5m in a Pre-Series A round.

Masterworks, Saudi-based data management technology startup, raised $40 million. Sahaby, Saudi’s virtual F&B brands startup, raised $8.6m in a seed funding round. Haseel, e-commerce fresh produce startup, raised $6.6m in a Series A round. Raha, Kuwaiti e-grocery startup, raised $6.7m with its official business launch.

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