๐Ÿšจ This week in MENA startups โ€ฆ

๐Ÿ  Nawy (๐Ÿ‡ช๐Ÿ‡ฌ Egypt), a full-stack proptech platform offering mortgage financing, fractional ownership, and B2B brokerage enablement, has raised $52 million in a Series A equity round led by Partech, with participation from e& capital, March Capital, VKAV, DPI via Nclude Capital, VentureSouq, Shorooq, and others.

An additional $23 million in debt was secured from Egyptian banks to scale its mortgage product, Nawy Now.

๐Ÿš€ Founded in 2019 by Mohamed Abou Ghanima
, Abdel-Azim Osman
, Ahmed Rafea, Aly Rafea, and Mostafa El-Beltagy.

๐Ÿ—๏ธ WakeCap (๐Ÿ‡ธ๐Ÿ‡ฆ KSA), a contech startup providing AI and IoT-powered workforce and productivity tracking on construction sites, has raised $28 million in a Series A round led by UP.Partners, with participation from Graphene Ventures and others.

๐Ÿš€ Founded in 2017 by Hassan Albalawi, PhD and Ishita Sood Kochhar.

๐Ÿค– AqlanX (๐Ÿ‡ฆ๐Ÿ‡ช UAE), an AI company building Arabic-first, UAE-made automation tools, has secured $10 million from Lakeba Group via its venture DoxAI. The funding will support regional expansion and the creation of an AI Centre of Excellence in Dubai.

๐Ÿš€ Founded in 2025 by Demetrio Russo.

๐Ÿ’ช Kilow (๐Ÿ‡ธ๐Ÿ‡ฆ KSA), a healthtech startup delivering a multi-stack AI-powered weight management platform, has raised $2.5 million in Seed funding led by Sanabil Venture Studio by Stryber.

๐Ÿš€ Led by CEO Fahed Al Essa.

๐Ÿ“Š Markopolo.ai (๐Ÿ‡ง๐Ÿ‡ฉ Bangladesh / ๐Ÿ‡ธ๐Ÿ‡ฆ KSA), a deeptech company building AI marketing agents for consumer brands, has raised $2 million in Seed funding led by Joa Capital, with participation from Team Ignite Ventures Partners and angels.

๐Ÿš€ Founded in 2022 by Tasfia Tasbin and Rubaiyat Farhan.

๐Ÿ’ณ Amwal Tech (๐Ÿ‡ธ๐Ÿ‡ฆ KSA), a fintech startup enabling secure e-commerce instalment payments via bank credit limits and FIDO authentication, has received an undisclosed investment from Salica Investmentsโ€™ Oryx Fund.

๐Ÿš€ Founded in 2022 by Mohamed Zaghoo and Reda Reda.

๐ŸŽฎ Classy Games Studios (๐Ÿ‡ฆ๐Ÿ‡ช UAE), a cross-regional gaming studio developing culturally resonant RPG titles, has secured strategic funding from Merak Capital and Exel by Merak.

๐Ÿš€ Founded by Jamie McClenaghan.

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