TLDR:
– Boston Oncology Arabia raised $35M to expand operations
– El Kheta received $400,000 to revolutionize online education
In the Middle East and African region, there were several venture funding activities tracked this week. Saudi Arabia’s Boston Oncology Arabia secured $35 million in funds to expand its operations, while Egypt’s El Kheta received $400,000 to revolutionize the online education sector.
Boston Oncology Arabia, a bio-generic medication manufacturing company based in Saudi Arabia, closed a $35 million investment led by TVM Capital. The company plans to accelerate its transition to full manufacturing at its local production plant. On the other hand, El Kheta, an ed-tech startup in Alexandria, received $400,000 from EdVentures to enhance its educational platform and support Egyptian students with their studies.
