Weekly Roundup: The Middle East tech news and startup deals
Here are the technology news, startup, and VC deals we tracked across the Middle East region this week.
Here are the technology news, startup, and VC deals we tracked across the Middle East region this week.
- Israel-based quantum computing software company Classiq raised $33 million in a Series B funding round from Hewlett Packard Pathfinder, Phoenix, Spike Ventures, and other investors.
- Israeli AI image mapping platform Exodigo raised $29 million in seed funding led by Zeev Ventures and 10D Ventures.
- Pakistan-based fintech platform NayaPay raised $13 million in a seed round led by Zayn Capital, MSA Novo, and Graph Ventures, in one of the largest seed rounds in South Asia to date.
- Israel-based proprietary cultivation process developer Vanilla Vida raised $11.5 million in a Series A round led by Ordway Selections, with participation from FoodSparks, and others.
- UAE-based car-sharing app Udrive raised $5 million in funding from Cultiv8 and Oman Holding International to support the company's expansion plans in the Middle East.
- Health-tech platform Nabta Health, which provides health insights and diagnostic services on issues surrounding fertility, conception, and overall female health, closed a $1.5 million seed round led by Basim Anwer of Regionality Group of Companies.
- Uzbekistan-based fintech startup IMAN raised $1 million in a seed round from Battery Road Digital Holdings, Tesla Capital, UZCARD Ventures, MyAsiaVC, Le Mercier’s Capital, Block0, Vector Crypto Capital, and IT-Park Investments, and a group of angel investors from the United States, Uzbekistan, Kazakhstan, and Singapore.
The Draft provides a weekly roundup of the most important tech news across key emerging markets in Africa, Asia, Eastern Europe, Latin America, and the Middle East. Follow the rest of our coverage @techloy on Twitter.