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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