With instaDeel’s Mena startups news roundup, we will weekly explore recent business trends and announcements, and with MENA Startups News on 22nd September, we got plenty of good news.
Despite the economic situation and the worldwide financial crisis, there is a lot of news to give your business hope that it will thrive and survive. In this article, we will explore some of the most prominent MENA Startups News on 22nd September 2022.
1-Palestine’s BlueFilter wins $10,000 in IGNITE competition
Gaza-based startup BlueFilter, has won first prize in the Startups on the Move Pitch Competition, hosted by Startups Without Borders, SPARK, and Google.org during SPARK’s 9th annual IGNITE Conference 2022 in Amsterdam.
BlueFilter is a water purification company headquartered in the Gaza strip that specializes in agricultural water treatment.
The incubation programme is devoted to refugee and local entrepreneurs from Palestine, Lebanon and Iraq, who are building ventures against the odds across industries as diverse as cleantech, edtech, VR, and agritech.
2-Unifonic launches accelerator programme in partnership with The Space
Saudi Arabia-based customer engagement platform Unifonic, has launched an accelerator programme called UnifonicX, in partnership with The Space.
The accelerator programme supports early-stage, growth-driven companies through education, mentorship, and financing. It teaches essential skills for running a business, including sales and marketing, communications, finance, and technical capabilities.
3-NIFTY Souq closes $1.5 million Seed round
UAE-based NFT marketplace NIFTY Souq has secured $1.5 million in Seed investment from Palm Ventures, Falak Investment Hub and Fitzy Fund alongside angel investors.
Founded in 2021 by Talal Afghani and Nabil AlSayed, NIFTY Souq is a marketplace and auction platform for creating, selling, and buying NFTs. It aims to build a bridge between artists, musicians, sports clubs and brands on the blockchain.
4-Elevatus raises $10.5 million Series A round
Saud Arabia-based recruitment platform Elevatus has completed a $10.5 million Series A round, co-led by Global Ventures and Wa’ed Ventures, and joined by Jasoor Ventures.
Founded in 2019 by Yara Burgan, Yacoub Zureikat, and Yanal Kashou, Elevatus enables companies to centralize core recruitment functions in one place, tackle their hiring challenges, and recruit talent.
5-Egypt’s Exits.me raises $1 million pre-Seed round
Egypt-based investment marketplace Exits.me, has raised $1 million in a pre-Seed round from a group of local investors, a UK-based investment company that also goes by the name of Exits.me, Baseeta Investments Holding and Mawelni Holding for Financial Investments.
Founded in 2022 by Mohamed Aboulnaga, Ahella El Saban and Ayman El Tanbouly, Exits.me automates merger and acquisitions (M&A) transactions and investment deals for startups and SMEs through its marketplace.
6-Erad raises $ 2.4 million pre-Seed round
Saudi Arabia-based fintech erad, has raised a $2.4 million pre-Seed funding round, backed by UAE-based Nuwa Capital and VentureSouq, as well as Saudi Arabia VC Khwarizmi Ventures, with additional private investment from regional angel investors.
Founded in 2022 by Salem Abu-Hammour, Faris Yaghmour and Youssef Said, erad is a data-driven platform that provides non-dilutive growth capital for online businesses in the Middle East. The platform evaluates the marketing, sales, and accounting activity of online businesses with the applicant’s existing track record and potential capability to scale determining its eligibility for funding. Funding offers are made within 48 hours, after which capital is deployed.
So Congrats to all of them, and instaDeel is waiting for your good news to be published in our weekly roundup. Meanwhile, don’t forget to check our latest articles:
- Challenges Every Entrepreneur Must Face and How to Overcome
- How to Apply and Get Accepted to a Startup Incubator or accelerator
- Excellence Your Pitch Deck: Tips and Recommendations
Lastly, if you missed last week’s news roundup, catch it up from here