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# INFOGRAPHIC: Startup Funding in Africa and the Middle East — Week 18
- URL: https://www.techloy.com/infographic-startup-funding-in-africa-and-the-middle-east-week-18/
- Published: 2024-05-03T13:42:40.000Z
- Updated: 2024-05-03T13:42:40.000Z
- Description: Here are the venture funding activities we tracked in the Middle East and African region this week – including Oasis, WEE, Chowdeck, Kubik, and Shorages.
- Author: David Adubiina
- Tags: / Startups, / Money, Middle East & Africa, Tech in Africa

- Cybertech Oasis lands $35M to Automate Non-Human Identity Security
- UAE’s e-Commerce platform WEE Receives $10M for Expansion
- Food Delivery Startup Chowdeck Raises $2.5 Million to Scale Food Delivery
- Ethiopia’s Kubik closes an additional $1.9 Million to expand its operations.
- Shorages secure a $1 million pre-Series A Fund for Expansion

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### Cybertech Oasis lands $35M to Automate Non-Human Identity Security

- Israel-based Cybersecurity Non-human Identity Management (NHIM) solutions [Oasis Security](https://www.oasis.security/), has raised $35M in Series A extension funding with Accel, Cyberstarts, and Sequoia Capital, bringing the total fund raised to $75M.
- Founded in 2022 by Danny Brickman and Amit Zimerman, the company specializes in automating the lifecycle of non-human identities by helping users understand who owns and makes use of the identities, the resources, and their privilege levels.
- These new funds will be used to further its Research and Development as well as its Go-To-Market functions which will accelerate the execution of its product roadmap and bring its platform to more organizations.

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### UAE’s e-Commerce platform WEE Receives $10M for Expansion

- Dubai-based e-commerce platform [WEE ](https://wee.ae/) has secured $10M in a pre-Series A round including equity and credit facilities led by Sig Investment.
- Established in 2021 by Anastasia Kim, Oleg Dashkevich, and Sergey Kolikov, the company offers fast delivery services within Dubai and next-day delivery across the UAE with its platform providing goods in sectors such as cosmetics, pharmaceuticals, flowers, and food products.
- With this investment, WEE intends to upgrade its logistic capabilities and expand operations.

![](https://storage.ghost.io/c/c1/a6/c1a6d111-d951-41ad-a392-c1e841210b93/content/images/2024/05/Techloy_Deals-Weekly_MEA_Week_18_2024.png)

### Food Delivery Startup Chowdeck Raises $2.5 Million to Scale Food Delivery

- [Chowdeck](https://chowdeck.com/), a Nigerian-based on-demand delivery service, has raised $2.5 million in seed funding led by Y Combinator, Goodwater Capital, FounderX Ventures, and Hoaq Fund amongst others.
- Founded in 2021 by Femi Aluko, Olumide Ojo, and Lanre Yusuf, Chowdeck offers convenient food orders to consumers from various restaurants while delivering to their doorstep within minutes.
- With the new funding, the company plans to scale its services to more Nigerian cities before the end of 2024.

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### Ethiopia’s Kubik closes an additional $1.9 million to Expand its Operations. 

- [Kubik](https://www.buildkubik.com/), an Ethiopian plastic recycling startup has closed a $1.9 million seed extension round after its initial $3.34million equity investment.
- Launched in 2021 by Kidus Asfaw and Penda Marre, the company facilitates converting difficult-to-recycle plastic waste into affordable, low-carbon building materials to tackle Africa's housing and waste crises.
- The new funding led by African Renaissance Partners, an East African venture capital firm; Endgame Capital, a climate tech investment syndicate; and King Philanthropies, a climate and extreme poverty investor will be used to expand its operations in Addis Ababa and across Africa in 2025.

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### Shorages secure*s* $1 million pre-Series A Fund for Expansion

- UAE-based logistic startup [Shorages](https://www.shorages.com/) has secured a $1 million pre-Series A funding round with Joa Capital, as part of the S3 Ventures Fund.
- Founded in 2019 by Rayan Osseiran, the company provides fulfilment centres in the UAE and KSA for e-commerce platforms to receive inventory and dispatch orders across the GCC region.
- This round of funding will be used for Shorages' international expansion, with plans to launch more warehouses across the GCC.

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*Follow our full coverage of the* [*Middle East and African*](https://www.techloy.com/tag/mea) *startup and technology scene and get up to date with what's happening in the key markets within the region.*