INFOGRAPHIC: Startup Funding in Africa and the Middle East

Saudi Arabia's Boston Oncology Arabia raised $35M in funds to expand operations
Egypt’s El Kheta receives $400,000 to revolutionize the online education sector
Nigerian health-tech Blueroomcare raises pre-seed funds to improve mental health
Saudi Arabian edutainment platform Jeel secures new seven-figure investment to expand operations

Boston Oncology Arabia, a Saudi Arabia-based bio-generic medication manufacturing company, has closed a $35 million investment headed by TVM Capital.
Boston Oncology Arabia, founded in 2005 by Abdullah Baaj, develops and manufactures globally licensed treatments locally to supply crucial medications for critical illnesses.
With the new fund, the company plans to accelerate its transition to full formulation, fill, and finish manufacturing at its local production plant in Sudair Industrial City. TVM Capital Healthcare will also give strategic guidance and use its worldwide network to improve the company's access to foreign suppliers.

Alexandria-based ed-tech startup ElKheta secured $400,000 in venture investment from EdVentures, an investment arm of Nahdet Misr Group and the first venture capital company specializing in the ed-tech sector in the Middle East.
Founded in 2019 by Mohamed Mahmoud, El Kheta offers an educational platform that facilitates supplementary lessons to support Egyptian students with their studies through exercises, tests, interactive videos, and direct instructor communication.
The company intends to use this financing to improve and extend the platform, empowering more students and transforming Egypt's online education market.