MENA Series and Seed Funding Dec. 2021- Jan 2022 Part III of V – Middle East & Gulf News
Local investors like Saudi Arabia-based OQAL Angel Investors, Sanabil 500 MENA Seed Accelerator Fund, UAE-based Global Ventures and Saudi Arabia-based Impact 46 led the range of MENA-based investments, where local investors accounted for nearly 60% of total active investors. in 2021.
1- Rodha App – Jeddah
Rodha, the Saudi Arabia-based food and beverage (F&B) tech startup, has raised $400,000 from 441 investors through crowdfunding platform Scopeer.
Founded in 2021, the startup offers a B2BC cloud-based software-as-a-service (SaaS) operations management platform for restaurants and cafes. The platform offers its end users three key products; table reservation, food order and curbside pickup.
Startups striving to disrupt the hospitality industry in Saudi Arabia and the wider region have grown in popularity amid the continued digitalization of retail.
During the first half of 2021, total consumer spending in the local F&B sector was $7.56 billion.
The startup currently operates only in Jeddah and plans to expand to other cities in Saudi Arabia, starting with Riyadh and the Western Province.
2- Edfundo – Dubai
The co-founders of Edfundo, the first teacher-curated smart money management app for tweens and teens, have opened the next funding of 1.5 million dollars round with the objective of closing it during the first quarter of 2022.
This follows the closing of the initial Friends and Family fundraising round which raised $400,000.
Testing of the Edfundo app is due to take place over the next few months with input from some of the 1,000 waitlist users who have subscribed to the product through www.edfundo.com.
The Edfundo app aims to promote financial literacy and enable smart money management among digitally active children and young people. Fully managed by parents using flexible, built-in controls, the app can be used to motivate tweens and teens to save.
With Edfundo, parents can set spending limits and rules, make automatic benefit payments, and transfer money in real time.
3- Kamioun- Tunis
Kamioun, a Tunisian e-commerce startup that connects fast moving consumer goods (FMCG) manufacturers with retailers, has secured $400,000 in an investment round. Kamioun intends to use the funds to expand its product distribution, improve its operations and solutions, add people and accelerate its expansion to reach more stores and convert them into active users.
Kamioun has generated considerable traction since its launch in 2020. The startup has tripled its revenue and doubled its customer base in one year with over 1000 customers.
Kamioun seeks to reduce inefficiencies and waste in the retail supply chain due to a lack of transparency, optimization and price volatility. Kamioun is essentially a mobile B2B platform that allows retailers to source products from a vast network of reputable manufacturers at competitive prices.
4- Shuttle- Riyadh
Shuttle, the digital logistics/smart lockers platform using IoT to optimize the logistics operating cycle by offering self-service lockers as parcel pick-up and drop-off points, announced the closing of a contract one million dollars Bridge to the seed round led by Impact46 with the participation of strategic investors in the region.
Shuttle was introduced in 2020 to enhance the traditional locker experience with a smart locker driven by advanced technology improving the logistics space as a whole.
Smart Locker is a tool for securely storing items, exchanging them by different parties, and relying on a software component that allows the interaction to happen automatically. Using Shuttle’s software and smart locker, end users can authenticate, pay and receive packages with a fully automated process.
Shuttle currently has 90 lockers across 9 major cities including Riyadh, Jeddah and Dammam and will soon cover Saudi Arabia.
5- Akeed Delivery – Muscat
Oman’s first food delivery app, Akeed Delivery has secured funding $2.5 million round.
Akeed Delivery was founded in 2018 with the goal of providing an on-demand food delivery service. The now boasts of over 1,500 restaurants across the country.
Akeed Delivery plans to digitize restaurants and stores with cutting-edge technology for customers. Sohar International, Angles and Dimensions and Performance Factory have been instrumental in introducing the company to like-minded investors who are aligned with the vision and validate the team’s potential and business opportunities.