VC React Podcast VC React Podcast (E36): Egypt Funding Surge, Nawy, Thndr, Sylndr, MoneyFellows, Tarjama, & SARsatX
VC React Podcast:
Every week, we bring you insights and reactions from top VCs, LPs, & Angel Investors, reacting to the latest news on MENA startups, VCs, and investment rounds.
---
Hosts:
- Ahmad Takatkah, VCpreneur. Sign up to VCpreneur Newsletter on https://www.vcpreneur.com/
- Jamie Lane, FWDstart. Sign up to FWDstart Newsletter on https://archives.fwdstart.me/
---
Available on:
- Youtube:https://www.youtube.com/@VCReactPodcast
- Spotify:https://podcasters.spotify.com/pod/show/vc-react-podcast
- Apple:https://podcasts.apple.com/us/podcast/vc-react-podcast/id1764834384
---
Guests:
1. Ali AlMajthoob, Managing Director @ Middle East Venture Partners (MEVP)
- LinkedIn Profile: https://www.linkedin.com/in/alialmajthoob/
- VC Firm Website: http://www.mevp.com/
2. Issa Aghabi, Founder & Managing Director @ Access Bridge Ventures
- LinkedIn Profile: https://www.linkedin.com/in/iaghabi/
- Website: http://access-bridge.com/
---
#startups #vc #tech #ai #investments #entrepreneurship #venturecapital #venturedebt #privatecredit #privateequity #finance #business #ipo #acquisitions #limitedpartners #revenuebasedfinancing #fintech #climatetech #edtech #accelerator #cvc #web3 #crypto #blockchain #defi
---
Sponsors:
💸This week’s episode is brought to you by OCTA – the AI-powered accounts receivable platform trusted by 100+ companies like Careem, Lean Technologies, and ZenHR to automate collections, resolve disputes, and unlock financing with zero hassle.
Visit: www.weareocta.com/fwdstart to get your first 6 months free.
---
News of the week brought to you by FWDstart.
In Today's Episode:
- Egyptian Startup Funding Surges 406% YoY in May, Hits $124M Mid-MonthSummary: May 2024: Egyptian startups raised approximately $24.5 million across four deals, with One Order's $16 million Series A being the largest.
- Nawy. Egypt-based proptech Nawy has raised $52 million in a Series A equity round led by Partech, with participation from e& Capital, March Capital, VKAV, DPI via Nclude, VentureSouq, Shorooq, and others. An additional $23 million in debt was secured from major Egyptian banks to support its growing mortgage offering, Nawy Now.
- Thndr, the Cairo-based investment platform, announced a $15.7 million funding round led by Prosus, with support from Y Combinator, BECO Capital, Endeavor Catalyst, JIMCO, Raba, and Onsi Sawiris, bringing total capital raised to $37.76 million.
- Sylndr. Cairo-based used-car platform Sylndr has raised $15.7 million in a Series A equity round, led by DPI Venture Capital via the Nclude Fund, with participation from Algebra Ventures, Nuwa Capital, Raed Ventures, Uncovered Fund, Beltone Venture Capital, and Camel Ventures.
- MoneyFellows. Egypt-based fintech Money Fellows has raised $13 million in a strategic funding round co-led by Al Mada Ventures and DPI Venture Capital via the Nclude Fund, with participation from Partech, CommerzVentures, and other investors.
- UAE-based Tarjama raises $15 million in Series A funding to scale Arabic AI for enterprise in MENASummary: Tarjama, a UAE-based language solutions technology company and Arabic AI pioneer, has raised $15 million in a Series A round led by Global Ventures. The round also included participation from Wamda Capital, TA Ventures, Phaze Ventures, Golden Gate Ventures, and Endeavor Catalyst.
- Saudi spacetech SARsatX raises $2.6 million SeedSummary: Saudi Arabia-based spacetech SARsatX has raised $2.6 million in a Seed round, led by TONOMUS, with participation from Wa’ed Ventures (Aramco), Access Bridge Ventures, and KAUST Innovation Ventures.
---(أحمد طقاطقه)---