More than $406 million in startup fundraising deals during November

Pioneer Investors – 14 startups in the Middle East and North Africa managed to raise more than $406 million in financing deals in November.

The financial technology industry is sitting in the first ranking among the fundraising rounds. Therefore, the Egyptian company “Blnk” which is specializing in financial technology has moved forwarded in this ranking, as it has been able to raise an estimated $ 32 million from debt and stocks.

The emerging Emirati financial technology company, Pebble, raised $20 million, as did BARAKA.

Cashew, another UAE-based fintech startup has raised $10 million in a seed round.

Grinta, a FinTech-enabled drug trade facilitation platform in Egypt, raised $8 million in an initial round.

In real estate, Emirati real estate technology startup Silkhouse raised $7.7 million in a seed funding round. Saudi Arabia-based data-driven productivity platform Data Lexing also raised $3 million in a seed round.

The Algerian “Yassir” platform for participatory transportation services, food, and grocery delivery, and banking services gathered $150 million in the second funding round. UAE-based blockchain-powered gaming platform Fenix Games has raised $150 million in funding.

App startups also witnessed growth in the Middle East and North Africa, with Egypt-based architecture startup Connex having raised $1.3 million in a seed round. Order, a technology solutions provider for emerging food and beverage entrepreneurs in Saudi has raised $1 million in seed funding.

Saudi social ordering platform called Slide also raised $1.7 million in a pre-seed funding round.

Rect Studios, the UAE-based gaming startup, has raised $1.5 million in funding.

Proteini, a startup in the field of food technology solutions, raised $600,000 in a seed funding round.