2021-09-01 12:15:43
August’s Most Read Articles:
MyHome, Kuwait-based on-demand home services platform, raised $1.75M in pre-series A (bridge) funding at a valuation of $12.5M led by Rasameel Investment Company and angel investors. The startup was founded in 2018, and operates in Kuwait, Riyadh, and Dammam. It plans to use the funding to expand to Jeddah, Mecca, and Al-Medina, as well as into the UAE. https://b.link/488sp7
Bookr, Kuwait-HQ salon booking Saas solution, raises $1M in seed funding led by Desert Ventures. The startup was founded in 2015, and provides cloud-based appointment management features. https://b.link/xg6kbe
Odiggo, Egypt-based digital marketplace for automotive spare parts, raises $2.2M in seed funding from Y Combinator, 500 Startups, and Plug and Play Ventures, Seedra Ventures, LoftyInc Capital, and angel investors. The startup is part of Y Combinator’s summer cohort and will be graduating from the accelerator at the demo day next week. It had announced $600k in seed funding in January of this year, it’s unclear if the new round is inclusive of the previous value or not. https://b.link/gvu5qf
MaxAB, Egypt-based B2B eCommerce platform, raises an extension of $15M to its series A round announced in July from existing investors, bringing the total of the round to $55M. The startup is also announcing the acquisition of WaystoCap, Morocco-based B2B e-commerce platform, for an undisclosed value. WaystoCap was founded in 2015, and was part of Y Combinator’s 2017 program, and currently services over 8k retailers in Morocco. https://b.link/tb2gyh
The Economist publishes “
The Safe Cities Index 2021” report that ranks 60 cities across 76 indicators covering digital, health, infrastructure, personal and environmental security, including cities across the Middle East. Abu Dhabi ranks the highest in the region on all indicators, while Cairo and Kuwait rank the lowest in the region on all indicators. Regional cities also make up the bottom ranks on environmental safety, Kuwait city particularly is ranked the most at risk in the world by the indicator. https://b.link/krm8xz
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