INFOGRAPHIC: Startup Funding in Africa and the Middle East — Week 22

David Adubiina -
  • Israel FinOps-for-enterprise company Finout raises $26M fund to expand operations
  • Egypt supply chain and logistics startup OneOrder secures $16M funds to expand Into GCC 
  • UAE SaaS platform Grubtech lands $15M funds to disrupt the quick commerce industry
  • Senegal cloud mobile marketing platform LAfricaMobile secures €4.3M fund to accelerate expansion
  • South African startup Orca Fraud closes $550K fund to protect emerging markets

Israel FinOps-for-enterprise company Finout Raises $26M Fund to expand operations

  • Israel-based FinOps-for-enterprise startup Finout has closed $26M in Series B funding led by Red Dot Capital with participation from Maor Investments and existing investors Team8, Pitango, and Jibe Ventures.
  • Founded in 2021 by Roi Ravhon, Asaf Liveanu, and Yizhar Gilboa, Finout offers FinOps solutions that assist businesses with managing, allocating, and cutting back on cloud expenditures throughout their entire infrastructure. 
  • The company intends to allocate the funds to expand its operations and development efforts.