Dark
Light
Today: November 28, 2025
May 4, 2024
1 min read

Unlocking Funds: Startup Finance in Africa and the Middle East




Article Summary

TLDR:

Key Points:

  • Cybertech Oasis raised $35M for Non-Human Identity Security
  • WEE received $10M for expansion in UAE

In Week 18, several startups in the Middle East and Africa region secured significant funding for their expansion and operations:

Cybertech Oasis, an Israeli-based cybersecurity firm specializing in non-human identity management, raised $35 million in Series A extension funding. The funds will be used for research and development as well as to accelerate its product roadmap.

WEE, a Dubai-based e-commerce platform, received $10 million in a pre-Series A round to upgrade its logistic capabilities and expand operations within the UAE.

Chowdeck, a Nigerian food delivery startup, secured $2.5 million in seed funding to scale its services to more Nigerian cities.

Kubik, an Ethiopian plastic recycling startup, closed an additional $1.9 million in funding to expand its operations in Addis Ababa and across Africa in 2025.

Shorages, a UAE-based logistic startup, raised $1 million in pre-Series A funding for international expansion and plans to launch more warehouses across the GCC region.


Previous Story

Good Capital VC Firm Investing $25 Million in AI Startups

Next Story

Ohio Boosts Support for Minority and Women Entrepreneurs With $86M

Latest from Blog

VCFA Group Closes $1225M Venture Partners VII Fund

TLDR: VCFA Group closed VCFA Venture Partners VII fund with $122.5 million in commitments Transition marks continuation of VCFA’s pioneering legacy in the secondary private equity space VCFA Group, a pioneer in

Top AI Trends and Startups Shaping 2025 and Beyond

“`html TLDR: Israel is excelling in applicative and vertical AI, focusing on practical solutions in cybersecurity, healthcare, and defense rather than competing with tech giants in foundational AI models. Five key AI
Go toTop