INFOGRAPHIC: Startup Funding in Africa and the Middle East — Week 26
Here are the venture funding activities we tracked in the Middle East and African region this week–including Ocon Therapeutics, Alsaree3, Connect Money, Comfi, and Directly.xyz.
- Israel health company Ocon Therapeutics closes $10M fund to provide uterine pathology solutions.
- Iraq’s food delivery Alsaree3 raises 7-figure Series A round funding to accelerate growth.
- Egypt’s Banking-as-a-Service startup Connect Money raises $8M seed round to launch business verticals.
- UAE B2B fintech Comfi receives $5M debt facility to expedite BNPL plans.
- Dubai real estate agency Directly.xyz raises $1M in Funding to revolutionize the real estate sector.
Israel health company Ocon Therapeutics closes $10M fund to provide uterine pathology solutions
- Israel-based healthcare company Ocon Therapeutics has closed $10M in a funding round led by RH Capital, with participation from Features Capital, Astia Angels, and Exerte Partners.
- Founded in 2011 by Keren Leshem, Amir Avraham, Ilan Baram MD, and Daniela Schardinger, Ocon Therapeutics specializes in developing, producing, and commercializing 3D drug delivery systems based on its patented IUB® (Intra-Uterine Ball) platform.
- With the new fund, the company plans to enhance its ability to provide solutions for treating prevalent uterine pathologies.
Iraq’s food delivery Alsaree3 raises 7-figure Series A round funding to accelerate growth
- Alsaree3, an Iraq-based food delivery app, has received a seven-figure Series A fund from investors, including Iraq Venture Partners (IVP), Euphrates Ventures, and Snoonu.
- Launched in 2018 by Bassam Al-Ateia, Alsaree3 provides restaurants with a user-friendly platform for smooth and accessible meal ordering and delivery.
- This new round of finance will allow Alsaree3 to accelerate its expansion goals in its home nation.
