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Today: September 25, 2024
March 30, 2024
1 min read

Unveiling Startup Funding Trends in Africa and the Middle East

TLDR:

  • Dodai, BasiGo, Ahlan App, Sprints, Clusterlab, and Garbaliser received significant funding in Africa and the Middle East.
  • The funding will be used for operations expansion, bus production, market share increase, talent gap bridging, research and development, and operations expansion for these startups.

Here are the venture funding activities we tracked in the Middle East and African region this week – including Dodai, Ahlan App, Sprints, BimaLab, and Garbaliser.

Key elements:

Ethiopia’s Dodai raises $4 million Series A funding. BasiGo secures $3 million in Equity funding to boost bus production. Ahlan App lands $3 million in funding to increase market share. Egypt’s Sprints secures $3 million in bridge round led by Disruptech Ventures. Clusterlab secured $600,000 pre-seed to boost its research and development. Agritech Garbaliser raised $436,000 investment to expand its operations.

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