MENA’s startups saw an increase in funding in April 2021

Pioneers Investors – Investments in startups continued to grow last April, with 44 startups in the MENA region raising more than $ 175 million in April, an increase of $ 5 million from last March.

The Kingdom of Saudi Arabia topped the list in terms of the number and value of emerging investments. Where the Tamara project received the highest investment of $ 110 million to be the company working on the Buy Now and Pay Later model that surpassed all records in the region for the largest investment round in Phase A. Other prominent financing rounds in Saudi Arabia came from Quantum and Gazal, which The two foundation rounds raised more than $ 2 million, highlighting the largest ticket volumes from investors in the country.

In Egypt, 10 startups raised $ 16.4 million, 10 million of them for one company, Cofe, the coffee ordering platform.

Besides fintech, food technology and e-commerce have been the most active sectors, reflecting the continuing trends brought about by the epidemic. The bulk of the investments in April were focused on establishment rounds, with the remainder focused on financing accelerators.
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