VC React MENA E63: $230M To Seed Islamic Neo Bank, Data Governance, Disease Detection, IoT Transport

VC React Podcast - MENA:

Every week, we bring you insights and reactions from top VCs, LPs, and Angel Investors, reacting to the latest news on MENA startups, funds, and investment rounds.

Hosts:

• Ahmad Takatkah, VCpreneur.
  Sign up to VCpreneur Newsletter on https://www.vcpreneur.com/

• Jamie Lane, FWDstart.
  Sign up to FWDstart Newsletter on https://www.fwdstart.me/

Available on:

• Youtube: VC React Podcast

• Spotify: VC React Podcast

• Apple: VC React Podcast

Guests:

1. Hani Azzam, Partner @ Propeller
- LinkedIn Profile: https://www.linkedin.com/in/hani-azzam-90b5764b/
- Company Website: https://propellerinc.me/

This Week On The VC React Podcast:

News of the week brought to you by FWDstart:

• A $230M Seed Round, yes you heard that right, Seed round, and 230m dollars into an unlicensed, pre-launch Islamic digital bank called Mal. Is this a PR stunt, or are we getting comfortable with mega-rounds for a copy of a proven business model?

• We also discussed three new raises:

  • Governata raises $4M seed to build Saudi Arabia’s first Arabic-first, AI-ready data governance platform.

  • Madeed raises a $400K pre-seed round to detect a disease before symptoms appear.

  • eMushrif raises $7.5M to scale its smart school transport platform..

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