INFOGRAPHIC: Startup Funding in Africa and the Middle East — Week 40
Here are the venture funding activities we tracked in the Middle East and African region this week – including Qodo, Air Doctor, Al Menu, Podeo, Winich Farms, Yellow Malawi, Bazzar Gate, and Tespire.
- Israeli AI software startup Qodo closes $40M Series A investment to expand and service larger customers
- Israel travel health startup Air Doctor closes $20M in Series B funding to expand global healthcare service
- UAE F&B SaaS provider Al Menu secures $10M in funding to expand operations
- Saudi Arabian podcast distribution platform Podeo banks $5.4M Series A fund to expand operations
- Nigerian agritech company Winich Farms raises $3M Pre-Series A fund to optimize food production and distribution
- Malawi's off-grid solar distribution company Yellow Malawi lands $2M investment to provide energy
- Kuwait’s e-commerce startup Bazzar Gate garners $1M funding to scale Partners platform
- Nigerian ed-tech startup Tespire secures pre-seed funding to revolutionize Nigerian education
Israeli AI software startup Qodo closes $40M Series A investment to expand and service larger customers
Tel Aviv-based AI software company Qodo secured a $40 million Series A round fund from Susa Ventures and Square Peg with participation from Firestreak Ventures, ICON Continuity Fund, and Seed investors TLV Partners and Vine Ventures, bringing its total funding to US$50 million.
While the company has yet to disclose its current valuation, it has attracted the attention of over a million developers since its launch.
Founded in 2022 as CodiumAI Ltd., by Dedy Kredo and Itamar Friedman, Qodo provides a platform to assist developers in intelligent code generation, testing, reviews, and documentation.
Besides its operations in Israel, the company has expanded into the US and the Netherlands, generating US$1 million in annual recurring revenue following the launch of its software.
This new capital will allow Qodo to develop its platform and improve code integrity and reliability.
