Hello there,

Welcome to the first edition of 🔍 Startup Researcher - Middle East, your essential digest delivering the latest news and premium insights on startups and venture capital across the Middle East 🌍

If you haven't subscribed yet, now's the perfect time. Don't miss the opportunity to supercharge your understanding of the Middle East's dynamic startup ecosystem and stay ahead in this vibrant market.

Without further ado, let's delve into the latest developments!

📰 Important News

• Ten Egyptian startups have won prizes in the Saudi-Egyptian program VMS Bridge, supporting entrepreneurship in both countries. Five will visit Saudi Arabia to meet investors, two will receive free business licenses, and three will access specialized training.

💸 Top Funding Rounds

• UAE logistics startup Shorages has raised $1M in a pre-Series A funding round led by Joa Capital through their S3 Ventures Fund.

• UAE e-commerce startup WEE raised $12M in a pre-Series A round, with a $10M investment from SIG Investment, bringing its valuation to $40M.

• DocsInBox, an e-invoicing solution for the UAE's F&B sector, raised $500,000 to streamline operations and reduce processing time for accountants by 15%.

🏦 About Investors

• ADQ and Oman Investment Authority have launched the $180M Jasoor Fund to support high-growth tech companies in Oman and the MENA region, focusing on sectors like FinTech, EdTech, HealthTech, and cleantech.

• UAE-based healthcare private equity firm TVM Capital Healthcare has invested $17M in Munich-headquartered healthtech company Neurocare Group AG.

• Bahrain-based Investcorp and China Investment Corporation (CIC) have launched the "Investcorp Golden Horizon" fund, worth $1B, to support emerging startups in the GCC region and China.

• Saudi Venture Capital Company (SVC) has reached an incredible milestone investing over $693.33M in 40 funds and 700 startups and SMEs.

📈 Deep Dive Bites

Explore Kuwait's startup ecosystem from 2021 to 2023, witnessing fluctuations in activity and investment. Dive deeper into funding rounds, active investors, and notable exits in the full article!

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