INFOGRAPHIC: Startup Funding in Africa and the Middle East — Week 19, 2025
Here are the venture funding activities we tracked in the Middle East and African region this week – including Onebeat, Money Fellows, i’SUPPLY, Nqoodlet, Platos Health, and Konnect Networks.
Startups across the Middle East and Africa are continuing their impressive fundraising streak. In April 2025 alone, tech startups in the region secured more than $571 million in disclosed funding, according to reports, showing investors aren’t slowing down. And May is already shaping up to be just as lively.
This week, a diverse mix of tech-driven companies, from health-tech in Lagos to fintech in Riyadh—announced fresh capital injections that not only signal investor confidence but also highlight the growing variety of innovation coming out of emerging markets.
Let’s start in Israel, where Onebeat, a software company that helps retailers optimise inventory using AI, landed a $15 million boost. Boston-based Schooner Capital led the round, joined by familiar backers like Magenta Venture Partners and Surround Ventures. It’s a vote of confidence in the power of real-time retail intelligence, especially as global supply chains continue to shift.
In Egypt, fintech startup Money Fellows, known for digitising traditional ROSCA savings groups, secured $13 million in a pre-Series C round co-led by Al Mada Ventures and DPI Venture Capital via the Nclude Fund. The company’s approach blends financial tradition with tech convenience, making it easier for everyday Egyptians to save and access credit.
Still in Egypt, pharma logistics startup i’SUPPLY raised $3 million in Sharia-compliant revolving financing from Bokra. The model? Revenue-based and aligned with Islamic finance principles. It's a clever way to support health sector logistics while staying aligned with regional values.
Shifting to Saudi Arabia, Nqoodlet, a fintech platform helping SMEs manage expenses and corporate cards, closed a $3 million seed round led by Waad Investments. The deal also saw participation from OmanTel and 500 Sanabil, showing regional giants are backing SME-focused innovation.
From Lagos, Platos Health emerged with a $1.4 million pre-seed round to scale its AI-powered metabolic health monitoring app. The startup lets users track fat levels and health stats from home—a timely tool in a world increasingly focused on preventative healthcare.
And in Tunisia, Konnect Networks, a B2B fintech startup aiming to simplify cross-border financial infrastructure, raised an undisclosed amount from a star-studded investor lineup, including Visa, Digital Africa Ventures, and Plug and Play.
These funding stories may vary in size and geography, but the message is consistent: African and Middle Eastern startups aren’t just chasing capital, they’re building locally relevant solutions that global investors believe in.
