VC React Podcast (E36): Egypt Funding Surge, Nawy, Thndr, Sylndr, MoneyFellows, Tarjama, & SARsatX

VC React Podcast:

Every week, we bring you insights and reactions from top VCs, LPs, and Angel Investors, reacting to the latest news on MENA startups, VCs, and investment rounds. Stay tuned for: expert analysis, independent opinions, and maybe some heated conversations!

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. Ali AlMajthoob, Managing Director @ Middle East Venture Partners (MEVP)
- LinkedIn Profile: https://www.linkedin.com/in/alialmajthoob/
- VC Firm Website: http://www.mevp.com/

2. Issa Aghabi, Founder & Managing Director @ Access Bridge Ventures
- LinkedIn Profile: https://www.linkedin.com/in/iaghabi/
- Website: http://access-bridge.com/

In Today's Episode:

News of the week brought to you by FWDstart:

• Egyptian Startup Funding Surges 406% YoY in May, Hits $124M Mid-Month. Egyptian startups raised approximately $24.5 million across four deals, with One Order's $16 million Series A being the largest.

• Nawy. Egypt-based proptech Nawy has raised $52 million in a Series A equity round led by Partech, with participation from e& Capital, March Capital, VKAV, DPI via Nclude, VentureSouq, Shorooq, and others. An additional $23 million in debt was secured from major Egyptian banks to support its growing mortgage offering, Nawy Now.

• Thndr, the Cairo-based investment platform, announced a $15.7 million funding round led by Prosus, with support from Y Combinator, BECO Capital, Endeavor Catalyst, JIMCO, Raba, and Onsi Sawiris, bringing total capital raised to $37.76 million.

• Sylndr. Cairo-based used-car platform Sylndr has raised $15.7 million in a Series A equity round, led by DPI Venture Capital via the Nclude Fund, with participation from Algebra Ventures, Nuwa Capital, Raed Ventures, Uncovered Fund, Beltone Venture Capital, and Camel Ventures.

• MoneyFellows. Egypt-based fintech Money Fellows has raised $13 million in a strategic funding round co-led by Al Mada Ventures and DPI Venture Capital via the Nclude Fund, with participation from Partech, CommerzVentures, and other investors.

• UAE-based Tarjama raises $15 million in Series A funding to scale Arabic AI for enterprise in MENA Summary: Tarjama, a UAE-based language solutions technology company and Arabic AI pioneer, has raised $15 million in a Series A round led by Global Ventures. The round also included participation from Wamda Capital, TA Ventures, Phaze Ventures, Golden Gate Ventures, and Endeavor Catalyst.

• Saudi Spacetech SARsatX raises $2.6 million Seed Summary: Saudi Arabia-based spacetech SARsatX has raised $2.6 million in a Seed round, led by TONOMUS, with participation from Wa’ed Ventures (Aramco), Access Bridge Ventures, and KAUST Innovation Ventures.

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