INFOGRAPHIC: Startup Funding in Africa and the Middle East — Week 17
Here are the venture funding activities we tracked in the Middle East and African region this week – including Magnus, Midas, Greeneye Technologies, HyperionDev, Bokra, and Bluworks.
- Magnus Metal Raises $74M Fund to Expand Operations Globally
- Midas Lands $45M in Series A Funding to Roll Out New Product
- Greeneye Technologies Raises $20M in Funding to Advance Its Technology
- South Africa Edtech HyperionDev raised $5 million to expand operations
- Egypt's fintech Bokra raises $4.6 million in pre-seed for wealth expansion
- Egypt’s Bluworks raises a $1 million pre-seed to automate workforce management
Magnus Metal Raises $74M Fund to Expand Operations Globally
- Israel-based technology company Magnus Metal has raised $74M in Series B funding with Entrée Capital, and Target Global amongst others leading the funding round.
- Founded in 2017 by Boaz Vinogradov, the company specializes in metal casting services for industrial tooling, power train and engine assemblies, chassis, and structural parts, including robotics.
- This funding will accelerate the industrialization of its Digital Casting technology, which combines additive manufacturing for metal alloys with the ability to produce 1 ton of parts daily.
