Sprints, an AI-powered EdTech company, secured $3 million in funding led by Disruptech Ventures. Founded by Ayman Bazaraa and Bassam Sharkawy, Sprints aims to fill the tech talent gap. Their platform offers personalized learning paths and job guarantees for tech graduates. They focus on various tech fields like AI, data Read more…
Pharmacy Marts, an Egypt-based health-tech startup founded in 2021, has secured a six-figure bridge round of funding led by Acasia Ventures. The company operates as a B2B digital marketplace connecting pharmacies and medical suppliers, aiming to streamline the pharmaceutical supply chain and enhance patient access to medication. Currently covering about Read more…
COGNNA, a Saudi-based cybersecurity startup, has successfully concluded a Seed investment round, raising an impressive $2.25 million. Led by IMPACT46 and backed by Vision Ventures, Faith Capital, and other investors, this funding reflects a growing confidence in Middle Eastern startups, particularly within the cybersecurity realm. Established in 2022 by Ibrahim Read more…
Entlaq’s strategic alliance with Ninjacart has significantly bolstered Ninjacart’s strategy in Egypt’s agricultural startup landscape. By leveraging Entlaq’s expertise in the Egyptian market, Ninjacart gains valuable insights into local consumer preferences, market trends, and regulatory landscapes, enabling more effective expansion and tailored services. Additionally, Entlaq brings technological capabilities that can Read more…
The startup provides software solutions that have helped to fully automate delivery operations for major brands, such as McDonald’s, Buffalo Burger and El Ezaby Pharmacies. Roboost, the Egypt-based AI-powered logistics startup, utilized its cutting-edge technology to secure a $3 million investment round, propelling the company into its next phase of Read more…
This latest round of funding follows a $3 million pre-seed round in 2022 for the online payment orchestration company. A US-based Egyptian fintech startup, MoneyHash, known for its leading payment orchestration platform in the Middle East and Africa (MEA), has secured $4.5 million in seed funding, with COTU Ventures and Read more…
IT Zain’s participates in the LEAP 2024 Tech Conference, where they showcased their AI-powered software solutions. IT Zain, a leading software development company based in Egypt, demonstrated their innovative applications of artificial intelligence across various industries. These solutions include AI-powered software for healthcare, retail, finance, and customer service sectors. By Read more…
Shorooq Partners recently made a significant announcement about its strategic investment in Pearl Semiconductor, an innovative Egyptian startup specializing in semiconductors. The investment amounted to $4.5 million, with key contributors including Sawari Ventures, QBN Capital from Qatar, and a group of angel investors. Semiconductors hold a pivotal role in contemporary technology, facilitating the Read more…
MoneyFellows, an Egyptian fintech platform, has secured $31 million in the first close of its Series B round, led by CommerzVentures, Middle East Venture Partners (MEVP), and Arzan Venture Capital. Other participants include Invenfin, National Investment Company (NIC), as well as existing investors like Partech, Sawari Ventures, 4DX, and P1Ventures. Read more…
