Zest Your Equity | 07-August-2024

This week’s agenda 📜

• Our blog ✍️

• Startup fundraising? 💰

• M&A activity 🤝

• What we’re reading 📖

• Zest in the news 🔎

Let’s dive in 👇

Our Blog ✍️

Private companies need to raise capital to fuel future growth.

Entrepreneurs need to understand the various concepts of raising capital that are often misunderstood. Navigating the maze of investor relationships, key terminology, and negotiations can be an uphill battle.

As you raise capital from investors, you’re typically negotiating with professional deal makers—investors who have had hundreds or thousands of repetitions. 

In our latest article, we’ll explain what you need to know during your fundraising journey so you can enter into your investor conversations with confidence. 

You can read it here.

Who’s Raising? 💰

• 🇦🇪 UAE-HQ retail technology solutions provider Pathfinder has raised an investment of $325 million from Silver Rock Group, ahead of its NASDAQ listing.

• 🇸🇦 Saudi Arabia-based deeptech AI company Intelmatix has closed a $20 million Series A funding round, led by Shorooq Partners

• 🇪🇬 Egypt-based B2B e-commerce platform Cartona has raised $8.1 million ​in a ​Series A extension ​fundraise, led by  Algebra Ventures, along with existing investors, including Silicon Badia and the SANAD Fund for MSME.

• 🇦🇪 UAE-based F&B e-commerce platform Watermelon Ecosystem has closed a $4 million Series A funding round

• 🇦🇪 UAE-based fintech Mamo has raised a $3.4 million funding round, provided by existing investor 4DX Ventures and the Dubai Future District Fund, along with Cyfr Capital.

• 🇪🇬 Egypt-based fintech Lucky ONE has raised $3 million in a convertible note from Lorax Capital Partners, KEM, DisrupTech Ventures and other existing investors. 

• 🇪🇬 Egypt-based edtech Educatly has secured a new funding round of $2.5 million led by TLcom Capital and Plus VC.

• 🇪🇬 Egypt-based AI startup Synapse Analytics has raised $2 million in investment led by Silicon Badia.

• 🇸🇦 Saudi Arabia-based SaaS provider Blend has raised $1.3 million in a pre-Seed investment round, backed by an undisclosed group of angel investors. 

M&A Activity 🤝

• 🇪🇬 Egyptian fintech MNT-Halan has acquired Tam Finans, a Turkey-based commercial finance company in Turkey. Terms of the transaction were not disclosed. Source.

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