MENA Region Sees Funding Surge: Agritech Aydi Raises $7.5M
The Middle East and North Africa (MENA) region has seen a surge in early-stage startup funding this week, with at least seven firms securing capital. Notably, UAE-based agritech platform Aydi raised seed funding.
Aydi, a UAE-based agritech platform, secured $7.5 million in seed funding. This follows a week of robust funding activity in the MENA region, with seven startups raising capital.
Other notable deals include UAE-based fintech Upfront raising an eight-digit pre-seed round in a mix of equity and debt, and Tokinvest, a UAE-based real-world asset tokenization marketplace, securing $3.2 million in pre-seed funding.
In the acquisition sphere, Dubai-based super app Careem has taken a minority stake in UAE-based car rental and subscription platform Swapp. Meanwhile, communication safety startup YAL AI raised $12 million from undisclosed investors.
Saudi Arabia-based digital signature platform Sadq secured $1.5 million in a pre-Series A extension round led by Impact46. Another Saudi Arabia-headquartered firm, AI-powered customer experience platform DOO, raised $1.7 million in a funding round led by Merak Capital. Lastly, climate and marketing technology company Climaty AI raised $2 million in early-stage funding.
The MENA region's startup ecosystem continues to thrive, with early-stage funding rounds and strategic acquisitions driving growth. Agritech, fintech, and AI-powered platforms are among the sectors seeing significant investment.
Read also:
- Germany Launches HoLa Project for Megawatt Charging on A2 Motorway
- Transforming Digital Inventories in the Food Industry: A Comprehensive Guide for Food Businesses
- Canada's Transportation Revolution: Hyperloop & Electric Air Taxis by 2026
- ACC Expands European Battery Production with Three New Gigafactories
